I am looking into different mortgage.
Get very confused by so many different kinds of them.
What are the differences?
If we are planning to get a 300K mortgage, and planning to stay in the house for at least 5 years.
What mortgage might be good for us?
30yr fix
5/1
7/1
why there is 5/1 ARM?? What is the different between all these?
thank u
We just got a commitment for a mortgage to close in a week, and after we, the title company and our realtor all received the loan commitment and scheduled the closing, the lender called back and said the terms were different than they’d said and issued a new commitment letter. Is this legal? We live [...]
I’m filling up some paper work, but it have tons of mortgage types and terms, so how do you know which one you should choose. It have conforming, jumbo, FHA, etc and then the only thing that varies is the term time. 1. I will talk with the mortgage broker 2. I’m first time home [...]
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