Q&A
Asked by an anonymous user
Answered by Kim Miller PRO+
CFP® in Redmond, WA
Hi - let's see what I can do for you. The first order of business with an inheritance is to pay off any existing debts. If your only income is disability payments, g...
Q&A
Asked by Robert
Answered by David Skow
Mortgage Broker in Seattle , WA
Good question ..there are so many moving pieces to this question .....eg. if you buy in desired location - would you rent it ? If yes- can you cover mortgage paymen...
Q&A
Asked by victoria
Answered by Dennis Gibb
Financial Adviser in Redmond, WA
I am not sure I can help you get a home but here are some things that you need to know. 1. Repairing credit scores is not easy but to raise the score the best thing ...
Q&A
Asked by Tiffany
Answered by Ted Rood PRO+
Mortgage Broker in Maryland Heights, MO
Hi Tiffany. The short answer to your question is "probably". Your best bet would be an FHA mortgage, assuming you meet FHA's guidelines for credit, income, and asset...
Q&A
Asked by Debbie
Answered by Ryan Latko
Insurance Agent in Aledo, IL
I just stayed down in Lake of the Ozarks and paid about $1500 for a nice quite condo on the water with a pool and for one week if that tells you anything. I would par...
Q&A
Asked by an anonymous user
Answered by Ted Rood PRO+
Mortgage Broker in Maryland Heights, MO
Your question can't be answered accurately without knowing more about your financial situation. How much do you have in savings? What are your debt ratios? How much...
Q&A
Asked by Kirt
Answered by Ted Rood PRO+
Mortgage Broker in Maryland Heights, MO
Agreed that some more details would be helpful. If you're talking about making a lump sum payment on a current mortgage, the answer is "depends". Some banks (includi...
Q&A
Asked by Charlene
Answered by David Skow
Mortgage Broker 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 fcs
Answered by Phillip Christenson
CFA in Plymouth, MN
Hi FCS, the official rule is that you have to live in a property for 2 of the last 5 years before a sale. So yes if you move into the property you can avoid capital ga...
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 ...
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