Q&A
Asked by Brian
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hello Brian - Yes there are always closing costs; the question is whether or not YOU pay them as the borrower. Closing costs can be paid outright by you, they can ...
Q&A
Asked by Marcia
Answered by Ray Jones, CA Mortgage Loan Officer in Fresno, CA
The biggest qualification issues I have found are the "owner" of the mortgage and the origination date: * * * The current mortgage must have been owned or guaranteed ...
Q&A
Asked by an anonymous user
Answered by MoneyTips Writing Staff, Financial Adviser in Los Angeles, CA
Debt Optimizer analyzes your debt and suggests simple actions to lower interest rates, reduce monthly payments and lift your credit score. Simply log in to your Debt O...
Q&A
Asked by Jackie
Answered by MoneyTips Writing Staff, Financial Adviser in Los Angeles, CA
Whether to lease or buy a car depends on your personal financial situation and goals. Check out Everything You Need to Know About Leasing a Car for great insights into...
Q&A
Asked by Julie
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
Public records stay on credit reports for 10 years, whether they are paid or unpaid. It is important to make sure the status is accurate (if they're paid, they should...
Q&A
Asked by Tyshia
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
Yes, fortunately FHA now allows borrowers to qualify using an estimated payment of 1% of their student loan balances. Note that even if the loans are in deferment, or...
Q&A
Asked by Shalese
Answered by MoneyTips Writing Staff, Financial Adviser in Los Angeles, CA
When you are logged in to your Credit Manager by MoneyTips account, scroll down the page, or click the tab on the left labeled "Better Credit". You will see a tab labe...
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 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...
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