johnny asked:


I need to have work done to the foundation of my house. Should i use my savings to pay to have this done, or should i use my home equity line of credit to do it? If i use the line of credit i will have to pay up to 10% interest on the loan, whereas if i use my savings i wont have to pay any interest and i can just make the payments back to myself. Plus it gives me the freedom to “skip” a payment to myself should i need the money for something else, whereas i can’t skip a payment back to the bank.
If i were to use my savings, it would wipe it out.

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jettamadness asked:


we are first time homebuyers and will be looking to get an FHA loan…is it okay to talk to, maybe like, three different places (2 banks and 1 mortgage company) to see what is available to us?…or will that hurt us?

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sinngme2sleep asked:


Do you have to have a down payment? Please give me any information you have dealing with VA home loans or suggestions, advice, experiences.

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Richard C asked:


i have poor credit, but am slowly regaining control of it, anyhow, i am trying to get my family into a home, and want to know if anyone knows any home loan companies that are willing to work with people with poor credit. thx

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Amanda asked:


I’m in the process of buying my first house. I live in Northern CA and have heard from a few people to go with Ditech for a mortgage loan but I am just a bit worried because it doesn’t seem like I would be able to sit down and talk to a real person. It seems most of it is done over the phone.

Has anyone had any good or bad experiences with them?

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ronidl76 asked:


I know APR loans are a bad idea, but how would an interest-only loan work? Would it still be a 30 year note, or do they extend the loan? Would I be able to get a fixed rate with an interest-only mortgage loan?

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27amDotCom asked:


Any advice on what to look for when shopping around for home equity loans?

Are there referral commissions?

I have a couple of individuals looking for a home equity loan … I told them I’d look into it for them. I’d like to find a quality vendor, but if referrals commissions are paid out, I’d like to negotiate for that too.

How do I figure out what is a “great deal”?

PS. I’ll happily take general replies but this would be specific to Calgary, Alberta, Canada.

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