Questions About Using The Va Loan?
My wife and I bought our first house last year and we did not use the VA Loan. I am thinking about buying another house but no longer have the money to put up for a downpayment. We both have excellent credit and have an above average income for the area. I’m [...]
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Seeking A 100%-financing Mortage That Relies On Income Level; Is My Current Salary The Determining Factor?
Lenders (through Fannie Mae or FHA or whatever) offer 100% (no downpayment) mortgages when your income is below the median for your county. My income had been below this level until a month ago. I’ve gotten a raise, but my income is now above that threshold. I know lenders want to see your W-2s. [...]
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I Have A Mortgage At 6%. Would A Re-finance Be A Good Thing For Me?
I have had the house 5 years, had a credit card equity loan on it, but paid it off with a second equity loan. Never been late, have good credit and very stable job. I want a lower payment, but will it be worth it in the long haul? I plan to stay here forever.
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Why Does America Have To Bear Most Of The Burden And Blame In Order To Keep The World Safe?
The Middle East crisis is a global problem that demands international resolution. Military action is still available, but the US and UK must make sure it is the absolute very last option. While this will worsen our public image and deplete resources and capabilities, competitors such as Russia and China are gaining influence, [...]
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Mortgage Payment Mostly Going Towards Interest?
I purchased a house at the end of September 2008. My payment is $849. Only $112.86 is going towards the principle. How long does it normally take for more money to start going towards the principle? My interest rate is 6% if this helps. Thanks in advance.
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A Question About Reverse Mortgages?
If someone has a reverse mortgage and the payback on the reverse mortgage is less than the house is worth can the person sell the house at the current value and than pay off the reverse mortgage and than keep the profit?
For example if the reverse mortgage loan is 100,000.00 and the house is worth [...]
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How Do I Get A Va Loan (or Any Loan) For 65 Acres In Texas?
I have been half-heartedly looking for a nice rural property (~20 acres with or without a house) for some time now. Today I finally stumbled across a very nice 65 acre piece of land for $130,000 (severely underpriced) and now I am scrambling to find a lender. I had not previously realized that my bank [...]
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First Time Homebuyer In Upstate Ny, Need Downpayment & Closing Cost Help?
My wife and I are trying to buy our first house. We have been approved for a FHA loan. Our savings are drained, my wife has been on bedrest from a high risk pregnancy for the last 6 months and not collecting a paycheck. Our credit is excellent the mortgage payment wont be [...]
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Can I Re-mortgage My Paid Off Home?
I currently have a home equity loan as my primary loan on my house but am looking to pay it off with some help then refinace as a traditional mortgage. (benefits – lower interest rate, and full value of house equity available in TX)
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The Direct Commissioning Program In The Army Reserves Has Expanded To Many Branches. Which Should I Choose?
I’m thinking Quartermaster, but MP looks appealing—-especially because I’m already a veteran officer (though I realize military “policing” is a different animal). Any suggestions? Not many combat arms, if any, available. Officer Generalist, Quartermaster, Chemical Officer, and MP are some of the options available at the reserve areas in my region.
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