Home Purchase Loan

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Asked by Katie
Answered by David Skow, Mortgage BrokerPRO+ in Seattle , WA
yes...you can either have the payment come out of an existing account or open a new account for this to be linked to the new loan ...contact current lender/ servicer ...
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Asked by Scherrylain
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
I'd recommend doing the home equity line for two reasons: the cost will be far less than obtaining a purchase loan for that small of amount, and you'll essentially be...
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Asked by Tony
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hi Tony: Great question! Most of the world pays their mortgage every month, i.e., 12 payments. However if you split that into a payment every 2 weeks, you get 26 "h...
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Asked by Martha
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
Yes, many banks will SLIGHTLY reduce the interest rate on a loan if you set up an escrow account with them for taxes and insurance. Good luck!
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