Question: We had an appraisal done on our house prior to refinancing. But the mortgage broker has turned out to be a flake and we’re switching to someone else. Can we take the old appraisal (which we haven’t even seen yet, though we’ve paid for it) to the new lender, or do we [...]

Question: I am planning to buy my first house within next 6 months or so. To help me understand some of the issues with house buying, I have been trying to read the relevent informations from quite a few different sources (just preparing myself before I go and see an real estate agent). In todays [...]

Question: I am thinking about doubling my mortgage payments to quickly build equity >in my home. In addition, I want to purchase another home in two years. It >is unlikely that I will have the first one payed off.
> My question is simple: Should I save [...]

Question: brokers know that you are dealing with three brokers at once? obvious, what do you mean by “I’m a difficult borrower.” If you are willing to pay for the appraisal to be redrafted, the broker should >have no problem signing the release, however you are putting him in a >situation of liability should [...]

Question: I am currently deciding which loan option to take.
property value $274,300
option 1: 80-10-10 with no PMI 1st mortgage is a 7/1 @7.75% 1yr Treas+2.75 margin caps 2/6 for $219,440 2nd mortgage is @prime+2.75 or 11% with cap of 2 per period and life cap of 18% for amount of $27,430. [...]