Q&A
Asked by Apryl
Answered by Chad Freeman PRO+
Branch Manager in Bethesda, MD
Apryl - That depends on what type of loan it is. If it is an FHA loan that you recently took, the mortgage insurance will be there for the term of the loan. If it ...
Q&A
Asked by Daniel
Answered by Ted Rood PRO+
Mortgage Broker in Maryland Heights, MO
If you're asking about mortgage interest types, Daniel, there's only two: Fixed rates, which stay the same the entire term of the loan, and adjustable rates, which ar...
Q&A
Asked by Steffanie
Answered by Chad Freeman PRO+
Branch Manager in Bethesda, MD
Hi Steffanie - There are many different philosophies out there, but probably the most common is a 30Y fixed rate loan. It truly is the most 'basic' as your question...
Q&A
Asked by Kaila tubbs
Answered by Chad Freeman PRO+
Branch Manager in Bethesda, MD
Kaila - If you are referring to mortgages, it is tied very closely to the performance in the bond market because this is where mortgage backed securities are bough...
Q&A
Asked by an anonymous user
Answered by Ted Rood PRO+
Mortgage Broker in Maryland Heights, MO
The only way to answer this question is by considering many factors you didn't discuss here, things like your employment stability, debt ratios, reserve savings, time ...
Q&A
Asked by tayyaba
Answered by Ted Rood PRO+
Mortgage Broker in Maryland Heights, MO
David is correct that a contingent contract is the most common way of buying a home, using the equity from your prior home for the down payment. While it can be harde...
Q&A
Asked by robin
Answered by Ted Rood PRO+
Mortgage Broker in Maryland Heights, MO
There is no "magic age" where buying a home versus renting suddenly makes sense. The decision depends on your fiscal responsibility, your employment stability, your l...
Q&A
Asked by Nicole
Answered by Carrie Diaz
Mortgage Broker in Irvine, CA
Yes, there is down payment assistance and also lender paid closing costs. Please give me a call or email me, and I will be happy to give you some individualized info...
Q&A
Asked by Daniel
Answered by Donn Sharer
CFP ChFC CLU in Millstone Township, NJ
Hi Daniel - Congratulations! First-time home buying can be daunting and it’s probably why many people don’t take the time to learn how their homeowner insurance wor...
Q&A
Asked by Christina
Answered by Chad Freeman PRO+
Branch Manager in Bethesda, MD
Hi Christina - Your question is one that really depends on your own specific situation and the specifics of your objectives. Some considerations are as follows - Wha...
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