Home Purchase Loan

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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 Michael
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
Michael covered most of the pertinent areas already, but I'd like to add a couple of major "disadvantages". If your spouse's credit scores are lower than yours, the l...
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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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Asked by Brady
Answered by David Skow, Mortgage BrokerPRO+ in Seattle , WA
No, a payment needs to be made every month
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