g w asked:


is it better to take the proceeds from the sale of our house and use it as a down payment or use it as cash at closing? The builder is paying 2% towards closing.

Also are FHA loans or conventional loans better?

Curtis

Heather C asked:


When you apply for a mortgage do lenders look at your total outstanding balance on a car loan or your monthly payment for the loan? I ask because we have a $465 payment and are wondering if we should refinance or trade the car in for something else in order to bring down the monthly payment as we are getting ready to apply for a mortgage.

Chad

Pragmatist asked:


Oh that’s right, you can’t do anything with them because the Govt. owns them and they will be the ones to profit off them (if that ever happens) and you won’t see a dime and not only that your taxes are going to go sky high (even before Obama gets into office)

Gail

ourgreenacre1 asked:


Before I make a mistake doing business with these ppl, can you tell me your experiences with Quicken Loans, i am considering refinancing a home with them- are they legit and a good company? thanks

Gene

school_daze_47 asked:


I’m looking for a house in the Ft Wayne IN area, probably in the less than $20,000 range. I am a first-time home buyer. Is it possible to get a mortgage for an amount this low, assuming the property is of course assessed for at least the amount of the loan? Why kind of down payment and closing costs should I expect to pay? Thanks for any help!

Allan

teamwewin asked:


I was just curious, when a mortgage loan officer sells a home what percentage of the selling price does the loan officer keep for his commission?

Johnny

Juan H asked:


I see loans that read that the Mortgage rate is for examples @ 6.125% with 1.5 points, then next to it one that reads Mortage rate 6.5% with 0 points. Which is better?

Patrick

abrennan01 asked:


My fiance and I have a lot of student loan debt but we’ll be taking courses at least half time so we don’t have to pay them back yet. Would a mortgage lender consider that when calculating how much we can borrow for a house?
Deferment, for those of you who don’t know, is when you don’t have to pay back your loan because you meet certain criteria. It’s different than default, which means you didn’t pay it under the terms to which you agreed.

Carolyn

nathan.pitchford asked:


I’m looking into refinancing my home to get out of an adjustable rate and I’ve received two good faith estimates. Both for FHA loans. It’s a 95% loan and one company says they can get me the loan without mortgage insurance and the other says it’s a requirement.
Well I’m being assured that this FHA loan doesn’t have any PMI on it and it’s 95%. I even referenced the fhaloan.com site and he said he is 100% sure no MI. Any ideas?

Lee

miguel3wishes asked:


if i got pre approve for a mortgage loan from a lender.those this means that i have to take out my loan with this lender when the time arrives to get a loan for my home ? or can i still apply for other loans and options. also my home is been build now but the closing is not till november any suggestion for loans and different programs available for a first time buyer?

Jessica