Q&A
Asked by Cheryl
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hi Cheryl: If you are financing an "out of state" property, it means that the property you are financing is out of the state from where you live. Your "primary" res...
Q&A
Asked by David
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hi David: Thanks for your question. You actually touch upon a very common theme in finance and that theme is "discipline". Having served hundreds of clients over th...
Q&A
Asked by DONNA
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hello Donna: I'm not 100% clear on the supporting information for your question; was the home sold (and therefore no longer owned by you), or do you still own it bu...
Q&A
Asked by Vickey
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Vickey: I believe that Mark provided a thorough answer to your question, but I would add one more item since you are looking to take cash out. Take note of what you...
Q&A
Asked by JOSE BALLARD
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Jose: Thanks for your question. There is nothing stopping you from doing either. However be advised that 1) There are specific guidelines for renting your home and ...
Q&A
Asked by Mala
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
Hi - First off, never believe anything a debt collector tells you. They are still second-in-line to the first mortgagor. They can and will sue you for the money. F...
Q&A
Asked by an anonymous user
Answered by Mark Haynie, Mortgage Broker in Los Angeles, CA
Unfortunately, the 547 score is a lower score than any lender will consider. I recommend that you consult with a professional in the credit repair business and develo...
Q&A
Asked by Richard
M
Answered by Michael
Have you considered renting the property to someone who cannot obtain financing? There are many people looking for a home but they dont qualify for a purchase in today...
Q&A
Asked by Hope
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hello Hope: You can think of credit as something that reflects your "fiscal personality" and you always want to make a good impression. By that I mean your credit h...
Q&A
Asked by an anonymous user
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Thanks for the question. Hopefully you either have an actual appraisal, a real estate broker opinion, or you just have a good handle on property values in your area. I...
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