Cash-Outs Trade Money for Equity
Question: We are interested in doing a “cash out” refinance on our home. Are there any risks involved with this type of refinancing? Answer: Cash-outs involve refinancing an existing mortgage and trading in home equity for cash. This option is ...
Read More
Posted by Allison Simson on February 14, 2008 in Archived
Internest sites tthat compare different loan scenarios
Question: We are shopping for a loan and would like to be able to compare different loan scenarios. We want to establish the true cost of the different loans that are available. Do you know of any site on the Internet where we could do this? Answer: ...
Read More
Posted by Allison Simson on February 14, 2008 in Archived
Help for first-time homebuyers with financing terminology
Question: We are buying our first home and are very confused about the financing terminology. Could you give us some help? Answer: First-time homebuyers might find financing terminology to be very confusing. One of the most important elements of ...
Read More
Posted by Allison Simson on February 14, 2008 in Archived
Remodeling information for those who can't afford a new home
Question: We had thought about buying a new home but just cannot find anything in our price range. Our next option is to do some remodeling. We don’t know how much remodeling we can do and still expect to get that money out of the property when we ...
Read More
Posted by Allison Simson on February 14, 2008 in Archived
What Fed cuts really mean for mortgages
Commentary: Average rates on mortgages unchanged in recent surveysAccording to Lou Barnes with Inman News, contrary to the conviction of deeply confused civilians and reports by lazy news media, mortgage rates are unchanged, about 5.75 percent for ...
Read More
Posted by Allison Simson on February 6, 2008 in Archived