Q&A
Asked by Bobbie
Answered by Justin Clark
Mortgage Professional 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 Carla
Answered by Caroline Gerardo
C G Barbeau in Newport Beach, CA
Rates are lower on 15 year, and it forces you to payoff. HOWEVER the higher payment will make it harder to qualify and harder to get any other loan after you make thi...
Q&A
Asked by Daniel
Answered by David Skow
Mortgage Professional in Seattle , WA
No, rates / pricing doesn't vary seasonally, so checking any time is as good as any other time :) A simple tip is that if there is a lot of good economic and glo...
Q&A
Asked by Erin
Answered by Ted Rood PRO+
Mortgage Professional in Maryland Heights, MO
Hi Erin, Prepayment penalties, in general, are a relic of the "pre-mortgage meltdown" era. I don't know of any loans being originated today with pre-payment penaltie...
Q&A
Asked by Warren
Answered by Ted Rood PRO+
Mortgage Professional in Maryland Heights, MO
"Bad credit" is not specific enough to judge whether you can qualify for a VA loan or not. Factors such as when those events took place, whether accounts are charged ...
Q&A
Asked by Carla
Answered by Bradford Creger PRO+
MoneyTips Contributor in Pasadena, CA
Carla, You should definitely go and get your own individual homeowners insurance policy that would qualify as coverage under your loan. Your bank is covering their “...
Q&A
Asked by Amanda
Answered by Dan Spiegler
Licensed lender with over 10 years experience in Boulder, CO
You'd be buying it as an investment property so be prepared to put down a larger down payment and pay the investment rate. If you can carry it as a second home these a...
Q&A
Asked by marygituanja
D
Answered by dskow
Mary. you can contact any lender to complete an application. Every lender will use their own forms as their names . identification information is part of the applicati...
Q&A
Asked by Erin
Answered by Ronald Omar Flores
Membership Consultant/ Financial Consultant in Alviso, CA
Hello Erin, I am pretty sure there are government programs in your state that will help single parent to buy a home or obtain lower mortgage rate. Check your local ...
Q&A
Asked by Diana Roberts
Answered by Ronald Omar Flores
Membership Consultant/ Financial Consultant in Alviso, CA
Hello Diana, Please clarify your question(s). So we can give you much better or right answer.
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