Presuming the couple has no kids, earn a combined 80,000, and only has bills like school loans, car insurance, and daily living expenses of about 0/monthly. You don’t have to factor in this information. You can state what you want based on what you believe is an ideal mortgage payment. Just need a clue. We …
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questions about refinancing home mortgage? ?
with the fed cutting the rates so low, now would be a good time to think about refinancing right? my mortgage interest rate is currently 6.25 fixed, i think we owe about ,000 on it. my husband and i have excellent credit, and we’ve been in our home for 5 years. would refinancing lower our …
If shantel and kwami made a downpayment of 20,000 on a 175,000 home, what would be their monthly mortgage paym?
If shantel and kwami made a downpayment of 20,000 on a 175,000 home, what would be their monthly mortgage payment assuming the finance for 25 years at 6.75%. How much would they save on each monthly payment by making the down payment? How much interest would they save over the life time of the loan? …
How many monthly payments do you have to miss before the mortgage lender attempts to Foreclose on a home?
The answer that was given was either misleading, uninformed or confused. The Mortgage Industury, which supports flipping of houses, has changed the law on the Federal level where they can take your home with one missed payment. I do not who this ‘expert’ is. I lived through it with National City Bank. I missed one …
I just took out my first mortgage on a home. How long do I have to wait before I can refi for a lower rate?
With the average mortgage rates dropping, I am wondering if there is a minimum amount of time you have to pay on your mortgage before you can refinance? 1 year? Answer: You can refinance now. There is no set time you have to wait unless you have a pre-payment penalty on your existing loan. Refinancing …
Currently selling home, but want mortgage now to build second home?
I am currently selling my house due to divorce. I own land outright worth 65,000 that I want to build on. I have 180,000 cash for a down payment on a construction loan so I only need to borrow 40,000. SInce I already have a mortgage attached to my name (the place I am selling) …
How to qualify for a Home mortgage?
Answer: so first of all, you need to have some money for the down payment. There are some zero down payment loan but you need to have excellent credit score. so you will need to have at least 5% for down payment You will need to have two years of steady employment, if you change …
Can my small home business pay a percentage of my mortgage payment?
I work from home and my business literally takes up 2 out of 4 bedrooms, plus my 10 x 12 storage unit I had built. Can I have the business pay a portion (maybe 25%) of my monthly mortgage. Kinda like a rent schedule. Thanks Answer: Well I suppose it will depend on the tax …
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