Q&A
Asked by Lynn
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
Reverse mortgages are a great tool, in certain circumstances, and an expensive mistake in others. Their interest rates and costs are higher than typical mortgages, an...
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Asked by an anonymous user
Answered by MoneyTips Writing Staff, Financial Adviser in Los Angeles, CA
You may have reached out to all of the local banks in your area, but have you tried your local credit unions? There may be credit unions that you can join easily that ...
Q&A
Asked by an anonymous user
Answered by Heath Schneider, Mortgage BrokerPRO+ in Las Vegas, NV
You can incorporate land cost into an FHA loan as long as you are attaching a new manufactured home to the property at the same time. It must appraise for the total p...
Q&A
Asked by debra koon
Answered by Heath Schneider, Mortgage BrokerPRO+ in Las Vegas, NV
You can qualify for an FHA loan for your mobile home as long as it is mounted to a permanent foundation and you are buying the land that it sits on.
Q&A
Asked by Charlene
Answered by David Skow, Mortgage BrokerPRO+ in Seattle , WA
Charlene – thanks for the question … the rocing will depend on a lot of information not on your post…type of property ? loan amount ? value / purchase price? Down pa...
Q&A
Asked by Ann
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hi Ann - I have seen investors that do not finance single-wide manufactured homes, but they DO finance double-wide. Check with local lenders in your area, but I think ...
Q&A
Asked by gracie
Answered by Caroline Gerardo, C G Barbeau in Newport Beach, CA
Tiny home on wheels, a dream I have ... However the answer is no conventional lender or bank will put the two together into a mortgage. A house on wheels is a car or a...
Q&A
Asked by Bobbie
Answered by Justin Clark, Mortgage Broker in Moreno Valley, CA
It's a great idea!!!! If it fits your needs and if you qualify. There are many mortgage products that can assist you that are similar to Reverse Mortgages. If you wa...
Q&A
Asked by Warren
On the other hand if you're saying you own a home with a VA loan and want to buy another home (2nd home or investment), you'll be more limited in your options outside ...
Q&A
Asked by Carla Truett
Answered by Justin Clark, Mortgage Broker in Moreno Valley, CA
It means that for a pre-determined period of time you will pay only interest on your loan and nothing towards the principle. I would not recommend this to anyone look...
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