The mortgage business isn’t what it was; and I want to change job markets (I wanted to go into foreclosures; I’ve tried for 10 months). If the NYSE hits 13000, interest rates will be through the roof. Imagine what that will do to real estate market. I’m told I would be great at sales (I don’t talk a lot and HATE real estate sales); I think the health care market is the safest. In the last 10 years it has grown about 15 to 29% each year, and set to grow even more the next ten years. I’m getting old; well a 15 yr old considers me old. I don’t know what to do and I need your help…!
Health Care Industry, Finance (Securities), Car Sales, Start my business. WHAT
Signed Terrified.
On an FHA loan, does that mean that I will have to pay the interest for November 26-30 at closing, then my first mortgage payment on January 1? I’d rather not have an FHA loan, but if I do a conventional loan, I’ll get 100% financed, with 2 mortgage companies financing the 80% part and the 20% part separately. (I don’t have the 20% down payment) From what the loan officers tell me, interest rates for a second mortgage loan are at the very least 9% right now, so I’ll save more with an FHA loan than the conventional, even after paying PMI. I dislike escrow accounts, but oh well….what was my question…yeah, 1st mortgage payment due in Jan?
200K 300K etc.? Mortgage and interest rates?
My brother helped me buying the house off. Now I need to finance the house to pay him back. Will this be considered a new mortgage, a refinancing or an equity loan (since they have different interest rates…)
thanks!
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.
I am looking for good service while looking for lowest costs and interest rates.
With the interest rates dropping I think I could really save some money every month on my mortgage if I refinance, but are banks hesitant to lend right now with the financial crisis? What are your thoughts? Thank you!
Our current rate is 7.75% on a 8,000 loan and with the drop in interest rates, we’d like to explore re-financing. Are there any companies that will do all the legwork for us? (i.e. find us the best possible re-financing deal.) If not, where do I start? I don’t want to fill out a ton of credit applications before I know all the terms of the loan. Thanks!
