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| 30 Yr Fix |
6.37% |
0.02% |
| 15 Yr Fix |
5.91% |
-0.01% |
| 1 Yr ARM |
5.17% |
0.00% |
| 5/1 ARM |
5.82% |
0.04% |
| 30 Yr Tres |
4.47% |
-0.05% |
| Fed Prime |
5.00% |
-0.25% |
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Mortgage Questions and Answers
Answered (286) |
Unanswered (190) |
Answered Open (283) |
Answered Closed (3)
All Answered Questions - (Results 1 - 50 of 286)
This includes all questions that have at least one answer.
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Where can I find the FDIC Bank Watch List?
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What is the best type of mortgage to try to obtain for first time home buyers when buying a home in todays market?
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Will the lowest interest rate always give me the lowest monthly payment?
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If the Fed is @ 2% why is a 30 year fixed over 6%?
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How can I get approved for a home loan if I get pay in cash and don't have proof of pay stubs? Is there something I could do?
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My home loan was sold from one mortgage company to another. The secondary loan company has some really bad reviews online. I just don't feel comfortable about what is being said about them. What are my options?
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Can a second mortgage lender foreclosure your home?
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If you are selling your home and the buyer is getting an fha loan, what do they require of the seller as far as the condition of the house? If the house was in need of repairs to qualify for an fha loan, what would be some specifications that they would have?Such as windows, doors for example.
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My mortgage lender says that they will not do a deed in lieu unless I go through the short sale process first. Is this true? Won't they accept it, it I just threaten to go ahead with the foreclosure process?
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How many mortgages can I have on my credit?
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Is it legal for realtors and lenders help a buyer pay the 3% down payment on a FHA loan?
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What happens if I have an ARM and my interest rate is higher than what the Fed rate is currently at? Will my mortgage payment go up or down?
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I have not missed a payment or been late with my first mortgage. I have been ill and out of work and could not pay the second mortgage. Can they go before the first and start to foreclose or just put a lien on my property?
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I want to refinance my home but the bank told me that I can't do it because the appraisal came low, appraisal $310,000, loan $297,000. What can I do? Thank you.
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I have a rate lock on my refinance for 5.5%, but because we had issues with the fha appraisal that delayed us, we may lose our lock. The broker is now stating she can extend the lock without costing us interest. Is that even possible, or is she just buying time?
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If I want to sell my home, does my mortgage have to paid off immediately or can I keep the same mortgage and secure it with another piece of property. This new purchase will have a value much greater than my mortgage. (I will be purchasing it with my fiance who will be covering the remainder)
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Is "UNVERIFIABLE INFORMATION" a valid reason to deny a mortgage? On the lender's Statement of Denial, this option was typed in under "other" as the reason. This does not seem valid to me. thank you.
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I was recently approved by a lender to purchase a home. Now I saw a home I like better. Can I still use this lender to buy this other home even though it is not part of this institution?
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What is a "seller carry back" and how is it implemented in a motrtgage transaction to reduce the capital outlay for the buyer of the property? For instance, the lender wants 80% LTV, the buyer comes up with 10% down and asks the seller to carry back the other 10% down. What's the proces and how does it all work?
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My nephew and his fiance are in the process of purchasing a home. They intend to have only her name on this home so when they decide to purchase another home he will qualify for a First time owner program. Can this actually happen?
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I have a wage garnishment and was told I couldn't get a mortgage with that occuring. Is it possible to get a mortgage with this?
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We are in the loan process for buying a house and my husband just got laid off of work today! will this affect the loan going through?
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I am closing on a house I am building in 6 months from today. How early can I lock in a rate?
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Regarding PMI, is it always wise to pay 20% down to avoid paying this?
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I have a mortgage which I am only making interest payments on. How long do i have to take before I refinance?
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I have a mortgage on a property which includes 2 acres of land. Can I sell off a piece of the land? How does that affect the mortgage?
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If I currently have a mortgage with Wachovia and want to renew do I have to be living in the house that I am remortgaging?
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I owe $750,000 on a house that is now worth $300,000. What can I do?
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What is 10 yr ARM libor?
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How does the mortgage rate affect the amount you pay long term?
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HI, I have heard of a refinace mortgage, with the same lender, that forgos many fees, such as appraisal, etc. ..what is the name of this type of loan?
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I inquired with a loan officer about refinancing my home mortgage. Within a day I got a call from an appraiser to set up an appointmet. The appraiser came out and appraised my condo but I never got the loan. Now, four months later, I'm getting a "past due" notice from the appraiser saying I owe $350. Is this legal? Do I have to pay it?
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I basically owe more on my house than I can sell it for. I can no longer afford to live in it. How can I get out without ruining my credit?
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I have an 80/20 loan now. I want to buy a new house. My present home will only sale for the 80 part. Can I pay the 20 part with the new home balance?
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If I sold my home via a short sale to avoid foreclosure and I had an FHA loan, will I be able to get another FHA loan?
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HI everybody, I'm looking to become a private mortgage lender in California. My question is what do I have to do in order to loan out my private lenders' funds to borrowers. Do I need to get a mortgage broker's license or can I just hire a broker and use his license? Do I need to get a securities and exchange license if so how do I go by getting one? Or should I just lend out the money, close with my closing company and not worry about it?
Thanks,
Mike
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What will happen to my mortgage if the holder (Countrywide) goes under?
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What will happen if you pay extra on just the principal balance of your mortgage loan?
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Will banks consider it a hardship if my income went from 30k per month to $2,000 per month because business has been slow for the last 6 months?
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When aquiring a loan for investment property what is the loan percantage - can you get 100% loan on a investment property?
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How long does it take once your loan gets sent to underwriting to get an official approval?
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I have a negative amortization note on my current residence and need to sell my home. Should I try refinancing before listing my home?
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Our investment property meant for a quick flip can no longer be sold because of the market. A no-rental clause keeps us from renting it currently. It's unlikely that we'll be able to refinance (to ditch the no rent clause) due to the reduced value to mortgage amount. We need to rent to recoup losses, but this would be mortgage fraud with the current contract. What are the possible consequences of doing so?
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If you are married, do you have to apply for a mortgage in both names? In other words, can just one name/credit be considered?
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If someone is paying the mortgage on a property but is not on the loan or the title, do they have any legal rights to the property?
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How is the finance charge figured out on the truth-in-lending disclosure statement?
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I saw something about a green mortgage on the Today Show. How do you make a mortgage green?
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Do I have to tell my mortgage company that I am renting the property?
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I've been notified by my mortgage company that I have an escrow shortage and owe money. How does this happen?
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How much higher of a intrest rate should I expect to pay with a 10% down and not a 20%
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