Tagged Questions
4
votes
3answers
148 views
Can I check multiple lenders for mortgage rates, via preapproval, and have it only count as one hard inquiry on my credit?
Note: This applies to the State of New York (the NYC metro area), in the United States.
I'm shopping around for mortgage rates. I'm not sure if I have to get a preapproval mortgage to get their ...
6
votes
3answers
125 views
I have an “excellent” credit rating. Do I need to get a preapproval mortgage letter?
I'm in the infancy of buying a residential property. I have a credit rating of EXCELLENT. Do I need to get a preapproval mortgage letter? I thought that getting preapproved would expedite the ...
4
votes
4answers
336 views
Why don't banks calculate interest in CDs using continuous compounding?
Why don't banks calculate interest in CD using continuous compounding (which is higher than compounding quarterly)? While in the case of a mortgage they use continuous compounding.
6
votes
4answers
1k views
Why are monthly mortgage pre-payments applied to the back-end of the mortgage?
After having paid several years of 'extra' principal payment on my mortgage, I found that the extra monies were being applied the the 'back-end' of the mortgage instead of the 'front end'.
The ...
16
votes
1answer
444 views
Paying off home mortgage and lender wants a “Recording Fee”
So I whittled down my house note to the point where I have enough cash to just pay it off early and be done with it. Yay!
I asked my lender (well more accurately their website) for a "payoff" ...
6
votes
2answers
169 views
If banks offer a fixed rate lower than the variable rate, is that an indication interest rates may head down?
This is one of the major banks in Australia:
http://www.anz.com/aus/RateFee/InterestRates/Rates.asp
At present time, the variable rate is 7.80% but the fixed rate is 6.99% for one year.
And it seems ...
1
vote
1answer
89 views
Can I apply for immigration if I have a house mortgage to pay?
I am planning to continue to pay the mortgage after immigration. But I don't know if the bank will allow me to pay house mortgage from another country.
1
vote
2answers
855 views
Can I get a mortgage from a foreign bank?
I live in the UK is it possible to transfer a mortgage to a bank based in a different country that doesn't operate in the UK, say Germany or United states for example?
