Home Purchase Loan

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Asked by Tony
Answered by Chad Freeman PRO+
Branch Manager 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 PRO+
CFP® 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 Scherrylain
Answered by Ted Rood PRO+
Mortgage Professional 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 PRO+
Mortgage Professional 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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