Mortgage financing

What is a cash out on a mortgage? A cash-out refinance is a mortgage-refinancing option in which an old mortgage is replaced by a new one with a larger amount than owed on the previously existing loan, helping borrowers use their home mortgage to get some cash. Read more on www.investopedia.com When a homeowner refinances … Read more

Can you add a pool to your mortgage? If you are buying or building a home, you can include the cost of pool construction into your home loan. This is a very convenient option because you pay for the house and the pool all in one payment every month. Read more on www.calpool.com Adding a … Read more

Can mortgage be rolled into downpayment? For many consumers, an FHA loan provides an appealing option, mostly because you can get away with a relatively low down payment. Wrapping that into your mortgage would be a handy solution, but you won’t be allowed to do it under FHA guidelines. Read more on finance.zacks.com The down … Read more

Do you need 3 lines of credit to get a mortgage? Conventional loans require at least three tradelines (any combination of credit cards, student loans, car loans, and so on) that have been active within the past 12-24 months. FHA loans require two tradelines. It’s fine to have more, but if you have fewer, you … Read more