Mortgage Refinance

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Asked by Lynn
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
Reverse mortgages are a great tool, in certain circumstances, and an expensive mistake in others. Their interest rates and costs are higher than typical mortgages, an...
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Asked by Clark
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
Hi Clark, I agree with Mike that the most likely solution is for your son to refinance the loan into his name, based on his credit, income, and debt ratios. You woul...
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Asked by John
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
All good points above, particularly using a loan officer who tracks MBS trading in real time, and who understands the factors that influence rates. Shorter term locks...
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Asked by Charles
Answered by Heath Schneider, Mortgage BrokerPRO+ in Las Vegas, NV
You can buy 1 day after a Short sale, Foreclosure, or Bankruptcy. You would need 20% down. Rates vary based on your credit after you come out of any of these events.
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Asked by Erin
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
No, you can't endanger your current loan by attempting to refinance. Some borrowers start the refinance process however, hear "you'll skip two month's payments", and ...
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Asked by an anonymous user
Answered by MoneyTips Writing Staff, Financial Adviser in Los Angeles, CA
You may have reached out to all of the local banks in your area, but have you tried your local credit unions? There may be credit unions that you can join easily that ...
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