Elliot asked:


Our mortgage broker is encouraging us to wait for the interest rates to fall again despite the fact that they have increased steadily for the past three weeks. Is there a monetary incentive for him to lock us in higher? We are paying 1 point for a better rate.

Cheri

Lisa E asked:


Thank you for the information. My loan is for a fixed 30 year loan. I have had the home for almost 5 years. I have refinanced already 1 time, to get the 8% rate down to 6.2%. I only own currently $70,000. Help!

Walker

Ultra- Man asked:


I applied for a home loan and was given a rate of 5.0%, (I know… really good but that’s what it was.), and by the time our papers were signed it was back up to 6.0% in a matter of hours. Which makes a big difference in monthly payments, just thought that was strange … maybe not?

Wilber

rhaman asked:


I have a middle credit score of 580, pre-approved through an FHA backed lender. just wondering what interest rate I should expect
have a middle credit score of 580, pre-approved through an FHA backed lender. just wondering what interest rate I should expect?

I know my credit score isn’t great but I was wondering just roughly what to expect for an FHA loan. I know you don’t take a huge hit as long as you are at or over 580

William

cheaster101 asked:


ok this is not real life scenario but more of a homework question. I have been trying to do this for a while. i end up gettin 1001088 for part a and 60065.28 for part b. Can anyone confirm those answers are correct? please and thanks in advance.

question:

Ned purchased a house for $487,500. He made a down payment of $20,000. The interest rate on the mortgage is 6% per annum compounded semi-annually. The mortgage has to be paid out in 30 years. a) At the end of 30 years, how much will Ned have spent on the house in total? b? How much money was paid out in interest over the 30 years?

Lazaro

nmlady20022002 asked:


I am going to re-finance my interest only mortgage and need suggestions on when to lock in an interest rate. How long will they continue to drop?

Tracey

Hanhan C asked:


im planning to buy a house and it would take 6 months to finish building it , i heard that the Fed might increase interest rate to combat inflation, would this mean that the interest rate on the time i would closed the house would also increase?

Wilford

vtl asked:


Would it be better to stop making the payments to get a lender to actually work with me?

Lourdes

relocate asked:


I am wanting to get my monthly payment down and will keep my house if they will lower my interest rate. I have a fixed 30 yr now. Does anyone have any advise on this?

Elena

Mia l asked:


Want to refinance home for cheaper interest rate. any ideas?

Sneaky Redirects