Question

admin on May 31st, 2011

We are buying a house and are looking for 1M mortgage.    I’ve been quoted for 30Yr fixed: 1st 729k @4.5% and 2nd @4.25 with 20% down or 10/1 ARM 1st @4.0% and [email protected]% with 25% down   Are these good rates? given the expected rate increase (but when?) is it still better to get [...]

Continue reading about Loan question: ARM or 30Yr fixed

admin on May 31st, 2011

Hi Everyone – question for you We are in the process of Moving to California from Wisconsin   We weren’t able to sell our house there but were able to lease it for 2 years for a rate that covers Mtg, Taxes and Prop Mgmt fees so I think we did very well.   We’re [...]

Continue reading about Finance Question

admin on December 27th, 2010

Technically my husband and I do not make much money on the books. We want to buy a house and have a friend that is willing to loan us the money. Where’s a good place to learn about person to person laws? Is there a way to claim that we have a deferred loan and [...]

Continue reading about Question about Person to Person Loans

admin on December 24th, 2010

I was looking into the the Fannie Mae My community mortgage program, but was unsure about my elegibility. I currently own a tri-plex that I am not planning on selling. But I am currently living in one of the 3 units and 1 bedroom, and wanted something bigger. I was looking into purchasing another multi-family [...]

Continue reading about Fannie Mae Mycommunitymortgage question

admin on December 24th, 2010

I purchased a house in DC in April of this year.   There was an issue with the way my taxes were being calculated (long story), we resulted in me paying too much in taxes for the 2nd half of 2010.  I’ve resolved this problem for the future, but collateral damage from this is that [...]

Continue reading about Escrow question