“My boyfriend is talking about buying a fixer-upper house to save money and let us design and decorate the home to suit our taste. Do you think he’s right? Or is it better to buy a home already fixed up so we don’t have to spend the money?”
***ANSWER:
In the 90’s I sold a […]
“What do you think of interest only loans? Don’t you think it’s bad idea to get a loan where what you owe doesn’t even go down?”
***ANSWER:
I’ll respectfully disagree because it’s not necessarily a bad loan at all. Here’s why:
Your standard 30-year fixed-rate loan pays down a microscopic amount of principal the first few […]
“Hi Gary, my wife and I want to list our home. She wanted to use her friend who’s OK, but not especially successful. You’ll be glad to hear that I convinced her to use you. I told her we needed someone seen all the ups and downs and been successful during them. […]
“I just got a s-c-r-e-a-m-i-n-g deal on a home. And I want to thank you for your comments several weeks ago about the buyer’s market and that it’s a great time to buy a home.”
***ANSWER:
Congratulations. Of course I’d be even more happy for the both of us if you’d had me find you […]
“I have a letter from a mortgage broker saying I’m pre-qualified. Is that sufficient to show a seller that I’m qualified when I make an offer?”
***ANSWER:
Per the conversation you read in the top section of this week’s Q&A, a pre-qualification or pre-approval is only as good as the loan rep that gives it. […]