dolphin16433 asked: we are refinancing our home mortgage and we have to have a new appraisal done since our old one is a year old. what things will the appraisal be looking for when they come.
our first appraisal was 72,000. the lender is looking for an appraisal of 75,000.Edison
GranolaGurl asked: I generally know that I would try to find a bank or lending place that will offer me a lower rate than I currently have, but was wondering how to make sure the new terms are to my advantage. For example, my realtor helped me go over my mortgage materials originally and do [...]
JustMe asked: We are thinking about buying an investment property - a duplex - that I am going to live in for the next 3 1/2 years or so. My father is the one actually purchasing the duplex (I dont have enough money or risk tolerance to buy it) and I was wondering what [...]
Ivan S asked: I’ve read home equity interest rates are higher than first mortgages but by how much? 1%-2% or more?
I’d appreciate if you could give me just a general benchmark, assuming I have a good credit score.
Thanks!Minnie
stoptheBS asked: I’ll be buying another home in 18 months and I am curious what all you finance gurus think will happen to the market.
Do you think banks will be raising rates to recover their losses due to the sub-prime problems.
I am in the military and will be transferring. I will likely [...]
Bleh! asked: The fed rate is near 0% and it is not being passed down by the money mongers. If the government did it directly to “quality” home owners (good credit scores, etc.) bet the money would flow then.
What? I never said anything about forcing refinancing.Jamaal
Dr. seus asked: The monthly interest on her credit card is 1.5%, the monthly interest on her car loan is 1%, and the monthly interest on her mortgage is 0.6%. After one month, her total accumulated interest is $460.50. If the interest on Megan’s credit card bill was $4.50 more than the interest on her [...]
Katrina asked: Does anyone one know of a good mortgage program that is currently alive?
I just got a quote for a FHA loan that came in at 5.75% and 20K in closing costs! Doesn’t seem right to me at all.
Any help would help.
Thanks for the answers so far. I found out [...]