Category Archives: Q&A

Will a bank call a cell phone to verify employment and wages?

by USDAgov Question by jinxies: Will a bank call a cell phone to verify employment and wages? We are trying to refinance our home to consolidate and we have a high debt to income ratio. We can’t find a bank … Continue reading

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When a dower release is signed, are all rights in the house gone?

by truliavisuals Question by overworked/underpaid mom: When a dower release is signed, are all rights in the house gone? My parents quitclaimed their house to me 9 years ago (I had been married less than 1 year). When I refinanced … Continue reading

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Can I deduct the Origination Fee from my taxes if I bought the same year I refinanced?

by USDAgov Question by Questioner: Can I deduct the Origination Fee from my taxes if I bought the same year I refinanced? I’m looking to refinance my mortgage that I started about 5 months ago. Will I be able to … Continue reading

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I would like to refinance my home with no fees or closing costs.?

by ILPeoplesAction Question by DA: I would like to refinance my home with no fees or closing costs.? I currently am unhappy with my mortgage company and would like to refinance. I was wondering if there was a way for … Continue reading

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Is it smart to use the equity from primary residence to pay cash for a rental?

by J. Stephen Conn Question by athos: Is it smart to use the equity from primary residence to pay cash for a rental? With the mortgage rate in free fall, is this a good idea to use the equity from … Continue reading

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does my mortgage have to be backed my Freddie Mac to qualify for lower refinance rates?

Question by Chris W: does my mortgage have to be backed my Freddie Mac to qualify for lower refinance rates? I have a mortgage from Bank of America. Can I refinance with the new GOVT asst rates if my mortgage … Continue reading

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Q&A: Does anyone know about sellers rights when a house is turned over to an investor?

Question by THE RESCUE LLAMA!!!: Does anyone know about sellers rights when a house is turned over to an investor? I “sold” my house to an investor in 2006. I was verbally told that the house would be “re-financed” within … Continue reading

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Q&A: FHA has permitted what kind of refinances on insured mortgages since the early 1980’s?

by truliavisuals Question by jj johnson: FHA has permitted what kind of refinances on insured mortgages since the early 1980’s? FHA has permitted what kind of refinances on insured mortgages since the early 1980’s? Best answer: Answer by CreditAlignment.comis this … Continue reading

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How can I find out if my town qualifies as a “high-cost” area for “conforming jumbo” interest rates?

Question by opienzip: How can I find out if my town qualifies as a “high-cost” area for “conforming jumbo” interest rates? I want to refinance a house but it’s not worth it unless I can get a “conforming jumbo” mortgage … Continue reading

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Where can I get a loan to pay off some credit card debt without haveing to borrow against my house?

by USDAgov Question by Nancy R: Where can I get a loan to pay off some credit card debt without haveing to borrow against my house? I want to get a loan to pay off all my credit cards and … Continue reading

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