Cesaria Barbarossa asked:


I 'm you see some really reasonably priced homes ($ 15,000 even for some who look to be in perfect condition). However, payments on a home mortgage in this minimum would be extremely cheap. But i 'm the question of what other things to get nailed tacks on a mortgage payment? This will be our first home so we want some info before we go to a real estate agent. Thank you.

Scott

chris_newgent asked:


Assume that my mortgage is $ 600/month, and I have a bank account paying 5%. How much do I need it in the bank to cover 1 year of mortgage payments that take into account the interest that is earned during the year.

Roberta

Eva G asked:


I am paying 880.00 a month of which approx 100.00 is PMI. 6% , 30 year fixed rate mortgage on a house I bought in August this year. Thanks!

Bertha

royal_crown78 asked:


And have you had an increase in your mortgage payments due to an ARM?
If you are planning on purchasing a home in the future, would you prefer an ARM or a fixed rate?

Andrew