30 is the "term" in years of the mortgage. You will have a schedule of monthly payments that you will pay over the 30 year term. Most of the upfront payments will go to pay the interest on the loan. For more examples of amortization (payment tables) visit the Mortgage Calculator in the related links.
MIP (mortgage insurance premium) is required on all 30yr fixed FHA loans. 1.5% MIP funding fee, and the monthly 0.5% MIP payment
Mortgage loan originator is an institution or individual that works with borrower to complete a mortgage transaction.A mortgage originator can be a mortgage broker or mortgage banker & is the original mortgage lender.
No, the purpose of a reverse mortgage mortgage is to eliminate mortgage payments permanently.
To compare mortgage you can go to websites that have mortgage calculators, you would just search mortgage calculator. With a mortgage calculator you can easily compare mortgage rates.
There are several companies that offer Mortgage refinancing in Jacksonville. Some of these are: Jacksonville Mortgage, American Equity Mortgage, and Florida Mortgage.
"Mortgage rates change daily. As of 8/29, Columbia mortgage is offering rates as low as 5/1 ARMs from 2.625% to 30yr fixed from 3.750%. Of course, your individual credit score will determine the best mortgage for you."
The current loan rates are around 4.5% for a 30yr fixed, 3.5% for a 15yr fixed. You can get as low as 4.35% for a 30yr fixed from some places, such as below. http://www.quickenloans.com/mortgage-rates?gclid=CKGm3NGP_6kCFcTe4AodVQ6rzQ&qls=GAW_GR000007.0000560764&ef_id=TghOHe4QhlsAAAG1:20110713200819:s
MIP (mortgage insurance premium) is required on all 30yr fixed FHA loans. 1.5% MIP funding fee, and the monthly 0.5% MIP payment
yes
Yes but adults can use it to but its age around 13-30yr olds
When you are 18 you should leggaly be able to marry him. no, he wont get into trouble. you are an adult then, you can make your own disicions. as long as you are married the two of you can be together leggaly.
No. It is legal. The "age of consent" in WV is 16.
Yes, your perfect credit will bring your combined scores up. When you jointly apply for a mortgage they use both of your middle scores to decide on the loan, interest rate, etc. So one without the income but better credit can help the one with the income and not as good credit THEY WILL ONLY USE THE PRIMARY WAGE EARNERS MIDDLE SCORE (YOUR HUSBAND) TO DETERMINE THE RATE AND TERMS OF THE LOAN. YOU CAN STILL GET APPROVED FOR THE MORTGAGE, BUT IT WILL BE BASED ON HIS CREDIT. I wouldn't futz around---I'd do all I can to pay off the husband's open collections prior to underwriting a mortgage. The amount to pay off the collections will likely be much less than the cumulative mortgage payments you'll be making if you have to settle for a higher interest rate. With his lower credit, total interest payments on a 30yr 250,000 loan at 7% will be $363,043.00. If you pay a few hundred or thousand dollars to pay off his collections, total interest payments on a 30yr 250,000 loan at 6% will be $304,595.47, almost a $60,000 difference. You might say--"we won't keep it for 30 years"...but remember how a mortgage amortizes---in your first five years of a house, if you make a 1500 payment, at least 1200-1300 goes straight to interest. Most of the interest is paid in the first 15 years, after that, you're paying mostly on the equity.
yes,if only the two people really agree to marry and love each other.
It would depend on the type of shingle you choose, 15yr., 20yr., 30yr.,40yr. The higher the year wear the heavier the shingle
Mortgage loan originator is an institution or individual that works with borrower to complete a mortgage transaction.A mortgage originator can be a mortgage broker or mortgage banker & is the original mortgage lender.
Yes, if the mortgage is in default.Yes, if the mortgage is in default.Yes, if the mortgage is in default.Yes, if the mortgage is in default.