Tag Archives: Mortgage Loan

At age 57 should I get a new mortgage or get a home equity loan?

chocolate cherry asked: My parents who are both deceased gave me the 1st option to purchase their home. I want to buy my sisters out and I want to know if it is better to get a new mortgage or can I borrow money from the equity in the house and pay them off. [...]

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Question concerning a mortgage loan for a home that needs repairs?

lizw3006 asked: We are considering buying a home that is need of about $10,000 in small repairs and updates. We were approved for a loan higher than the price of the home. Is there anyway to take out the loan for $10,000 more than the price of the house to put toward the [...]

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If someone has 80/20 mortgage loan, the home is now foreclosed?

Missy L asked: what happens to the 20% loan? What kind of loan would it be considered? Recourse or Non-Recourse?Roosevelt

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is a mobile home mortgage the same as a rv loan?

mickeymouse_96 asked: I was thinking about getting a mobile home but I had heard that a mobile home mortgage is the same as a car loan. I found a mobile home for 115,000 would that qualify for a home mortgage since it is a very high amount?Abigail

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My credit median credit score is 760. Shouldnt I be able to get the best rates available for a mortgage loan?

t_williams_1 asked: When I tell a mortgage company about my credit score, it doesn’t seem to help any in getting the best rates available. How much does your credit score “HELP” you? I know that it can hurt your chances of getting a good rate on a home loan.Desiree

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$150,000 in student loans. Will I ever be able to get a mortgage loan?

Amber J asked: I went to a very expensive college for 5 years. I haven’t graduated yet since I’m working on my PhD. My loans aren’t due for another 2 years at least. I have $150,000 in student loans, some credit cards, and me and my fiance each have a car loan. Do we have [...]

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Refinance my home, is it worth it?

Sally S asked: I’ve been living in my home for 3 years now, we took out a 2nd mortgage. Hour home loan was financed at 6.25, our 2nd mortgage at 7 3/8. I don’t want any money taken out i just want to refinance, put my 2 loans into one and get a better rate [...]

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