home loans – mortgage refinance second mortage

August 31, 2010

Real Estate Investment Tips : How to Lock-In Interest Rates for Home Loans

eHow asked:


Lock-in interest rates for home loans by talking to a mortgage broker. Learn how to lock-in interest rates for home loansusing the real estate tips in this free video. Expert: Richard Blake Bio: Richard Blake is a licensed real estate agent that has closed more than 20 times the number of transactions per year than that of the average realtor for the last three years. Filmmaker: Christopher Rokosz

Christian

March 30, 2009

Is there a time frame on closing on an FHA mortgage loan?

reni768 asked:


I am in the process of buying a house and I know the lender said she had a deadline on completing the paperwork. She got the approval on Friday and says we can close this coming week though we have to come up with $3800 down. I have about 1/2 of that and I was wondering is there a time limit on an FHA loan on when you have to close or can our closing be pushed back a week or two for me to get the rest of the down payment??
We have not locked in a rate. My realtor is involved. I dont want my rate to change b/c we got a good rate. I may just have to go ahead and close this week. The money is part that I have saved, some my dad has given me and my sister is going to allow me to borrow some if needed. I guess I could say that money is a gift from her and me & her know between ourselves that I am paying her back!

WILBUR

March 12, 2009

Does a borrower receive cash money when s/he loans a mortgage?

firstquality72 asked:


I am confused a little bit about mortgage. Just say i wanna buy a house, then i’ll go to a bank to loan money to buy that house. That’s called a mortgage, right? But, what i don’t know is whether i will receive cash money from the bank or not? Or the loan for mortgage just shows, OK from now on, i will have a loan with some certain amount of dollars with the bank without i need to have the cash money in my hand. The cash money is the business between the bank and the house’s owner such as the realtor. So, can anyone tell me does the mortgage work like that? Thanks.

KIRBY

Powered by WordPress
money management