Q&A | My Mortgage Insider

Mortgage Life Insurance or Private Mortgage Insurance – Which is Better?

November 15, 2022

Question: What is “mortgage life insurance” and why do I need it when I already have private mortgage insurance? Answer: Private mortgage insurance and mortgage life insurance are two very […]

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Q&A

Should You Buy or Lease a Car Before Applying For a Mortgage?

July 24, 2022

The typical new car loan costs $648 per month, while the average new lease costs $522 per month, according to an Experian report from the first quarter of 2022. Since […]

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Niche Mortgage Products · Q&A

Can You Get A 40-year Mortgage?

October 28, 2019

Longer term financing is still available, despite falling out of favor after the housing crash 10 years ago. But, finding a lender that offers a 40-year mortgage lender can be […]

Q&A

What Do Lenders Count As Mortgage Income?

October 15, 2018

Question: What is mortgage income? I want to apply for a mortgage but worry that much of my income will not be counted. I receive child support plus much of my […]

What the difference between mortgage rates and apr?

Q&A

Mortgage Interest Rates Versus The Mysterious APR

October 1, 2018

Question: I want to get a mortgage. Interest rates I understand but what is an APR and why is it higher than the interest rate? Answer: When you buy something […]

Q&A

Is Cash-out Refinancing A Good Idea With Higher Rates?

September 24, 2018

Question: We want cash-out refinancing. The value of our home has increased significantly in the past five years. We want to now get a cash-out refinance but worry that rising mortgage […]

Q&A

Why Has My Credit Score Gone Up?

September 5, 2018

Question: My credit score has gone up significantly during the past year even though my debts and monthly payments have largely stayed the same. Are the new numbers real or […]

The truth about real estate closing delays

Q&A

Are Real Estate Closing Delays Common?

August 2, 2018

Question: Are closing delays common? We’re selling our home. The good news is that we have a buyer. The problem is that closing will be delayed because of a mortgage […]

Using online price estimates to value your home

Q&A

Should I Value My Home With Online Price Estimates?

July 31, 2018

Question: Homes in our area are quickly selling and we’re thinking of putting our place on the market. Does it make any sense to value our property on the basis […]

Canceling mortgage insurance with a refinance

Q&A

Should We Refinance To Get Rid of Mortgage Insurance?

July 16, 2018

Question: Should we refinance to get rid of mortgage insurance? We bought a home in an area where home prices are exploding. Our equity grows almost daily. Our lender says […]

Category: Q&A

Mortgage Life Insurance or Private Mortgage Insurance – Which is Better?

Should You Buy or Lease a Car Before Applying For a Mortgage?

More

Can You Get A 40-year Mortgage?

What Do Lenders Count As Mortgage Income?

Mortgage Interest Rates Versus The Mysterious APR

Is Cash-out Refinancing A Good Idea With Higher Rates?

Why Has My Credit Score Gone Up?

Are Real Estate Closing Delays Common?

Should I Value My Home With Online Price Estimates?

Should We Refinance To Get Rid of Mortgage Insurance?

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