Archive for April, 2009

 

Foreign home loans such as American home loans for Australian property?

April 30th, 2009

cirque2007 asked: I am currently looking for a way to refinance my Australian property with a foreign loan. As the Australian interest rates continue to rise many other countries have rates around the 5% mark. Does anyone know a broker or lender who lends on the Australian property market.
I am an Australian citizen, [...]

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If you build a home and plan to live in it for only 24 mos. what is the best mortgage product to purchase?

April 30th, 2009

bruceprof asked: Of all the mortgage products out there from 30yr fixed to interest only mortgage loans, which is the best value for taking up residence for just 2 years, possibly three?

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Reviewing The Different Types Of Mortgage Loans

April 29th, 2009

First-time home buyers usually experience a mixture of feelings during the process of buying their first house and along with the excited anticipation they often also become stressed out and sometimes even intimidated by the whole process. First there is the decision about which home to buy, then getting the offer accepted, lining up inspections [...]

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What are the interest rates like for a home mortgage in Panama (central america)?

April 29th, 2009

vicprobey asked: I’m looking at some property in Panama and heard that a loans for foreign investors are plentiful. I’m having trouble finding a rate because Panama beach, FL keeps messing up my searches.
What kind of interest rate can I expect for a 2nd home mortgage in Panama?

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What’s best for us.Home equity Loan or Line of credit?

April 29th, 2009

KathyS asked: We would like to do several home improvement projects and pay off some credit cards. The HELOC option seems to be more appealing to us so we take only what we need yet getting a loan gives us the option to hold the funds in a high interest bearing savings account (4.50 [...]

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How much would a monthly payment be on a 30000-50000 student loan be?

April 29th, 2009

Armando Madrigal asked: i am a junior in high school and thinking of applying for a student loan but have no idea what to do. i want to attend a 4yr college and want to pay the tuition fees and books etc. for example if i attend sdsu (which i have no idea what the [...]

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I’ve been approved for a home loan, we’re first time buyers with fair credit, the lender approved us at 10.7

April 28th, 2009

cateyes asked: % interest rates (wow) he said that after a year we can refinance our house and get lower interest rates. It’s my first time, So I don’t know much about it. What are the chances that what he’s telling us is true?

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Home Loan options?

April 28th, 2009

hskulkarnius asked: Hi, we are the first time home buyers purchasing a new home. The builder has preferred lender who offered us following details on our jumbo loan:
1. 5/1 ARM interest only : On 80% the rate would be 6.275%
2. On 10% (2nd mortgage) the rate would be 8.3%
We have excellent credit. Are these figures [...]

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Options for home loan?

April 28th, 2009

sg_0612@sbcglobal.net asked: I KNOW I MADE A BAD CHOICE BUT WHAT DO I DO NOW?
I bought my house 3 yrs ago and I have been in one of those pick a payment plans where I can choose to pay interest only or the full mortgage plus interest. Its also an adjustable loan. [...]

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Pros and Cons of an Adjustable Rate Mortgage

April 27th, 2009

If you are like many Americans who have bought into the idea that it is almost impossible to own their own home, you are not alone. Your past financial decisions might have done a number on your credit. Don’t get discouraged, there are actually several options available to borrowers.Consider yourself a prospective home buyer and [...]

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