ASIAN GAL asked:


The Mortagage Rate is up to 7% now. If I want to buy a house around $150,000. If I buy point? is worth it? Thanks alots

Calvin

ron janie N asked:


i believe some banks are paying in the neighborhood of 25 cents on the dollar.

Joseph

Green Eyed Gila ver2.0 asked:


I disagree most responsible people who were smart and saved a large down payment took care of their credit can afford their mortgages - it is only the irresponsible people who bit off more then they could chew by not doing their homework and not being realistic in their home purchase.

Patrick

z06texas asked:


with excellent credit on stated income

Alexander

rlc_60504 asked:


My wife and I are both employed. We are seeing around 2%-3% returns on our 401k investments each year. Our fund options aren’t that great. Here is what we are considering…Taking the amount we are contributing to our 401ks that IS NOT MATCHED and using it to pay down our mortgage. We would continue to put the amount necessary into the 401ks to get the matches. Since our mortgage rate is 5.625%, it seems like we would be getting a better return on the money than making the 2%-3% that our 401ks are returning on that money. I know that we would be decreasing the amount of interest we are paying on our mortgage each year and reducing the amount going into the 401ks so there are some tax implications. We are both contributing more that 10% to 401ks right now. Which is better? Paying down the mortgage or getting 2%-3% returns on our 401ks?

Eric

Kavan Lee asked:


My situation: 950K purchase price, and I’m putting 300K down (loan principle is about 650K). FICO is 776. 30 years, with 5 years fixed. No points. My mortgage is at 6.125%.

My questions:
1. Assuming tax/insurance of about 1100/month, what would my monthly payment to the bank be?
2. How good is this deal?

Thanks!

Dolores

NOne N asked:


i need to know for my class. thnk You

Arthur

Borat asked:


If so, doesn’t all those credit inquiries hurt your credit? Or, can you provide your credit report to prevent them from pulling it?

I’m trying to learn how to shop for mortgage loan rates….

Arnold

George asked:


The broker says my rate will be around 6.5% but they have to state APR 7.5% because it has to includes Mortgage insurance because of not putting 20% down. Is this correct? I understand I have to pay the PMI but should my APR be around the 7%? The loan is around $400K 3% down.

Ronnie

Ryan - Counselor asked:


The radio was talking about government mortgage help for people who can not afford their mortgage and are in a variable rate mortgage. Where do I find information about this? Thanks, Ryan.

Willie