Q&A
Asked by an anonymous user
Answered by Kim Miller PRO+
CFP® in Redmond, WA
Answer these questions first: is this house my long-term retirement home? Would this house make a good rental property? If the answers are "no", then don't pay off th...
Q&A
Asked by an anonymous user
Answered by Heath Schneider PRO+
Mortgage Broker in Las Vegas, NV
You get get biggest bang for your buck by putting 20% down on a home. This alleviates the need for mortgage insurance and keeps your rate very low and therefoer your ...
Q&A
Asked by an anonymous user
Answered by Kim Miller PRO+
CFP® in Redmond, WA
Hi - You have the best kind of money working for you - OPM - Other People's Money! Your renter is making the mortgage payment for you and Uncle Sam chips in too by al...
Q&A
Asked by Sharon
Answered by Ted Rood PRO+
Mortgage Broker in Maryland Heights, MO
Hi Sharon, It's highly unlikely you can obtain a mortgage anywhere with the combination of that low of a score and essentially no down payment. I'd concentrate on ra...
Q&A
Asked by an anonymous user
Answered by Kim Miller PRO+
CFP® in Redmond, WA
Hi - You will need to check with the Administrator of the 401k plan to determine your options regarding a hardship withdrawal - not all 401k plans allow hardship with...
Q&A
Asked by Tamer
Answered by Kim Miller PRO+
CFP® in Redmond, WA
Hi - It sounds like this is your personal residence. As long as you have lived in the home for at least 24 months (two years) the sale of a personal residence receiv...
Q&A
Asked by an anonymous user
Answered by Chad Freeman PRO+
Branch Manager in Bethesda, MD
Hello: With the "melt-down" of the mortgage market 7-8 years ago, virtually all of the "no-doc" or "stated income" loan products disappeared. Unfortunately though t...
Q&A
Asked by an anonymous user
Answered by Kim Miller PRO+
CFP® in Redmond, WA
Hi - it can be a struggle to get to Down Payment Paradise. You don't specify what the "ton of bills" represent and I won't speculate but you need to prioritize. Set ...
Q&A
Asked by an anonymous user
Answered by Ted Rood PRO+
Mortgage Broker in Maryland Heights, MO
Your first step needs to be looking at your credit with a lender to determine how to raise your scores. To obtain an FHA loan with the lowest down payment, all borrow...
Q&A
Asked by an anonymous user
Answered by Heath Schneider PRO+
Mortgage Broker in Las Vegas, NV
If you did a modification without going late on your mortgage then yes. If you were required to go late to qualify for the modification then you would need to wait un...
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