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Answer Contributed by: Mike King

Mike King
Mortgage Consultant
Guaranteed Rate
773-435-0945
mike.king@guaranteedrate.com

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Date	Question	# Views
11/22/2008	We have a second home in a state different from our primary home, and the second home is clear. We would like to get a line of credit on the second house and since we are self employed (for over 30 years), we were thinking about looking into a no income verification loan so we don't have to show the last two years taxes. Our credit is excellent. Can we get a no income verification line of credit on a second home?	308	[view]
11/17/2008	What is an fha streamline fixed mortgage?	3,383	[view]
11/13/2008	What is the difference between a fixed rate and an adjustable rate mortgage?	1,337	[view]
11/13/2008	I inquired with three lenders about financing for a new home. Two of the rates being quoted are the same but the one is half a point lower than the other two. When I questioned the lender about this, he said the reason the rate is so much lower is because as a first time homebuyer the home I'm buying is located in an area of town that falls underneath the Community Reinvestment Act therefore I qualify fo a lower rate. This sounds to good to be true. Is this true?	1,075	[view]
11/11/2008	Can I make a partial payment on my mortgage?	1,634	[view]
11/06/2008	Where do I find the best Jumbo Mortgage Rates?	2,002	[view]
11/06/2008	What are jumbo loans?	580	[view]
11/05/2008	What is the Chicago Tax Smart Program and what will it do for me?	2,068	[view]
11/04/2008	Is there anyplace on the web where I can find MBS data that is recent?	594	[view]