Loan Q & A

• I read an article recently that people with credit scores over 700 may still have to pay extra, is that true?
  
  
• Is this a good time to buy investment property?
  
  
• Our Realtor is telling us that it is getting much more difficult to qualify for a mortgage these days. Does this mean better credit scores or higher down payments are required?
  
  
• Why is it that when the Federal Reserve cut rates twice last month mortgage rates not improve?
  
  
• I would like to sell my house and purchase a new home, but houses in my neighborhood aren't selling. What can I do?
  
  
• I hear on the financial news, almost everyday, that the mortgage industry is in big trouble. Are people soon not going to be able to get mortgages?
  
  
• I have a chance to purchase my office building. How do I go about getting commercial financing, is it just like residential?
  
  
• My son just graduated from UGA and wants to buy his first house, but his credit is less than perfect.
  
  
• A friend of mine was recently the victim of identity theft. How can I prevent this from happening to me?
  
  
• I am thinking of possibly refinancing out of my 5 year adjustable, but I am concerned about my payment going up drastically. What do you suggest?
  
  
• My husband and I own two condos in Florida that we are getting ready to sell. Should we do a 1031 tax exchange?
  
  
• I'm getting ready to buy my fourth house. How can I get an accurate estimate?
  
  
• Top 10 Questions to Ask Your Mortgage Broker or Lender
  
  
• I want to sell my home myself (FSBO), but I am worried about the safety of my house and my family
  
  
• My mother was thinking about getting an equity line from her bank, but she's afraid she might not be able to make the payments. Is a Reverse Mortgage a better option?
  
  
• I heard that the mortgage limits are going up. What exactly does this mean?
  
  
• Is there a problem qualifying since I now receive a 1099 instead of a W-2?
  
  
• Do you think we will see a sudden downturn in the market?
  
  
• Are there any programs for first-time homebuyers?
  
  
• If I buy under market, how long do I have to wait before I can tap into the equity?
  
  
• How do mortgages on rental houses differ from a mortgage for your primary residence?
  
  
• Will I build equity faster by going with an Interest Only program?
  
  
• Why move Katz Mortgage Team over to WestStar Mortgage, Inc.?
  
  
• How Has the Mortgage process changed over the past 15 years?