Mortgage Questions
- 1. I have a "thin" file. How will this affect me qualifying for a mortgage loan?
- 2. I have about six credit cards with 0 balances on all but one. The one that does have a balance has 4K on it and the interest rate isn't great. How will opening a new card and doing balance transfer change my score? I want to purchase a home soon.
- 3. I have a credit score of 592, mostly due to medical debt, my income is $70k, can you help me with a mortgage?
- 4. Can I buy a car or refinance my home with a 682 credit score. I am currently in a chapter 13 payoff program (3 years now) to the courts but have perfect payment history.
- 5. I’ve heard of mortgages with bi-weekly payments you can pay your mortgage off faster. Is that true?
- 6. If I have had a previous foreclosure or bankruptcy, can I still get a loan?
- 7. How do I find the lowest cost mortgage?
- 8. What credit score do I need to qualify for a mortgage?
- 9. What is the different between conforming and jumbo loans?
- 10. What is PMI and why do I want to avoid it?
- 11. What's the difference between a fixed and adjustable rate mortgage?
