galactic129 asked:


…a lender that would give the best possible mortgage rate.

I realize that this is a rather vague question, but please make at least a general input.

Thanks.

Ryan

cdngirl80 asked:


We’re a military family, and I believe eligible for a VA home loan. We have about 30K in credit card debt, but are hoping to pay it off before applying for the loan. Just wanted some info on what to expect.

Elaine

Suave asked:


I am planning on buying a home for 63,000 dollars I have about 35,000 dollars saved up in my bank account is it wise to try to pay off the house as quickly as possible in order to save on interest? I live at home with my parents so I am buying the house as an investment. I plan to put about 25 or 30 thousand down on the house and leasing out the house and I am going to try to pay it off in about 2 years….Is it wise to do this or should I just give a small down payment on the home and just save my money….Banks don’t pay that much on interest 4 or maybe 5 % at most, but I would be gaining about 200-250 above my monthly payment on the loan if I gave a large down payment because my payments on the home loan would only be about 400 dollars and I would be renting out the home for about 650 dollars….Is it wise to put a large down payment and try to pay off the home quickly…Or should I just give a 20% down say about 12,000 dollars and then try to pay it off later when I’ve saved up?

Sue

ian d asked:


My girlfriend and I are thinking about buying a home. I figured that a mortgage for $110,000 would come out to about $950 monthly payments (with home insurance, PMI, and taxes included). My question is, how much of the interest would we get back annually come tax time? I’ve heard you can deduct most/all of the interest paid. Is this true? If so, about how much would that be per year? Also, since we aren’t married, would that matter? Thanks in advance!
We make $69,000 annually (32,000 and 37,000 respectively)

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Barbara asked:


I don’t want to make the wrong choice. I live in Maine and have good credit.
Any helpful hints?

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