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Question asked by Thomas Terry in Pittsburgh, PA  Mortgage Refinance
Answered by Chad Freeman, Mortgage broker in Rockville, MD
Hi Thomas: Settlement charges are going to be the fees that you pay at closing for the cost of purchasing (or refinancing) a home. There will be charges from the lender, the set...
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Question asked by Katie P in Hermosa Beach, CA  Home Purchase Loan
Answered by Ted Erickson, Mortgage broker in Novato, CA
You can do this online with most major banks and your bill pay system. Any bill can be payed this way. You can do it with your current account most likely.
Ted Erickson
Question asked by Brady in Hermosa Beach, CA  401(k)
Answered by Michael Keeler, CFP®, CLTC, Financial advisor in Las Vegas, NV
Hi Brady, You have 3 options to you. 1. Your old employer may allow you to keep your 401k in the plan. 2. You can roll it over into the 401k at your new employer 3. You can roll...
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Question asked by Linda in Kennebunk, ME  Taxes
Answered by Anita Johnson, Financial advisor in Sacramento, CA
Linda, Thank you for the question. Sometimes these government forms can be so confusing. If I were preparing your 2013 Tax Return I would enter the information on the tax return...
Question asked by Tony in Hermosa Beach, CA  Credit Rating
Answered by Chad Freeman, Mortgage broker in Rockville, MD
Tony: First, congratulations. Second, this is a great question and one that I would also advise having your CPA (or tax preparer) and a financial adviser answer as well. Your in...
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Question asked by Brian in Hermosa Beach, CA  Home Purchase Loan
Answered by Chad Freeman, Mortgage broker in Rockville, MD
Hello Brian - Part of the answer depends on where home values are trending in your purchase zone. If values are increasing, my advice would be to opt for the lower rate plus PMI...
Question asked by Brian in Hermosa Beach, CA  Borrowing
Answered by Ted Erickson, Mortgage broker in Novato, CA
The lowest score required is 500 for an FHA loan.
Ted Erickson
Question asked by Michael in Hermosa Beach, CA  Student Loans
Answered by Steve Stanganelli CFP®, CRPC®, Financial advisor in Amesbury, MA
This is a very good question, Michael, and one that comes up frequently. As you look toward making other life decisions, you may have found that having a student loan payment ca...
Question asked by an anonymous user in null, AZ  Mortgage Refinance
Answered by Ted Erickson, Mortgage broker in Novato, CA
I would need more details to give a valid repsonse. If you are saying you are on title but not on the loan then yes you could refinance as long as you qualify for the loan.
Ted Erickson
Question asked by Jamie in Winter Park, FL  Mortgage Refinance
Answered by Chad Freeman, Mortgage broker in Rockville, MD
Jamie: Thank you for your inquiry. DTI is determined by taking whatever secured debt you have (generally those on your credit report) against your income, represented as a ratio...
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