http://www.hughesmews.com Sun, 12 Feb 2012 17:27:47 +0000 en hourly 1 http://wordpress.org/?v=3.3-beta4 http://www.hughesmews.com/loan-2/what-is-a-bridge-loan-we-have-our-house-on-the-market-and-want-to-put-an-offer-on-a-brand-new-bank-owned-home/ http://www.hughesmews.com/loan-2/what-is-a-bridge-loan-we-have-our-house-on-the-market-and-want-to-put-an-offer-on-a-brand-new-bank-owned-home/#comments Thu, 01 Dec 2011 01:23:04 +0000 admin http://www.hughesmews.com/loan-2/what-is-a-bridge-loan-we-have-our-house-on-the-market-and-want-to-put-an-offer-on-a-brand-new-bank-owned-home/ We cannot afford 2 mortgages but love the bank owned home. They of course will not accept contigency offers. Is a overpass loan a good idea or are there other financing options out there? Or do we just be patient and wait until our home sells and possibly miss out on the deal? Thanks!

]]> http://www.hughesmews.com/loan-2/what-is-a-bridge-loan-we-have-our-house-on-the-market-and-want-to-put-an-offer-on-a-brand-new-bank-owned-home/feed/ 5 http://www.hughesmews.com/mortgage/where-do-you-think-30-year-conventional-mortgage-rates-will-be-by-spring/ http://www.hughesmews.com/mortgage/where-do-you-think-30-year-conventional-mortgage-rates-will-be-by-spring/#comments Thu, 01 Dec 2011 01:05:48 +0000 admin http://www.hughesmews.com/mortgage/where-do-you-think-30-year-conventional-mortgage-rates-will-be-by-spring/ Hoping to buy a house this spring and would really love if the rates stayed low. Right now, we can get 4.125% in our area for a thirty year conventional mortgage (no points). Think we’ll see them increase over 5%?

]]> http://www.hughesmews.com/mortgage/where-do-you-think-30-year-conventional-mortgage-rates-will-be-by-spring/feed/ 2 http://www.hughesmews.com/mortgage/what-are-the-tax-implications-of-leasing-a-house-for-less-then-the-mortgage-payment-if-any/ http://www.hughesmews.com/mortgage/what-are-the-tax-implications-of-leasing-a-house-for-less-then-the-mortgage-payment-if-any/#comments Thu, 01 Dec 2011 01:04:51 +0000 admin http://www.hughesmews.com/mortgage/what-are-the-tax-implications-of-leasing-a-house-for-less-then-the-mortgage-payment-if-any/ [...]]]> I would love to sell the house, but don’t think it is doable with current market. Also, 1 house has been on sale for 6 months with only 1 interested person. There are 4 houses that are lease houses, not sure the $ $ for each to lease. I was going to lease to my mother-in-law to be for smaller amount than what mortgage is currently.

]]> http://www.hughesmews.com/mortgage/what-are-the-tax-implications-of-leasing-a-house-for-less-then-the-mortgage-payment-if-any/feed/ 7 http://www.hughesmews.com/loan-2/how-does-the-loan-process-work-for-a-home-that-is-half-way-through-a-remodel-and-down-to-studs/ http://www.hughesmews.com/loan-2/how-does-the-loan-process-work-for-a-home-that-is-half-way-through-a-remodel-and-down-to-studs/#comments Thu, 01 Dec 2011 01:02:55 +0000 admin http://www.hughesmews.com/loan-2/how-does-the-loan-process-work-for-a-home-that-is-half-way-through-a-remodel-and-down-to-studs/ [...]]]> My husband and I are looking for our first home and have fallen in love with a house that is down to the studs in some areas in the middle of a remodel. The home has no structural issues – it is all cosmetic – but does need all new applicances (has none), new walls (70s style paneling in living room), new flooring (has concrete now) etc. Would we need to get a construction loan even though it is structurally okay? How would the mortgage process work for this?

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