Some cool chateau pictures:
Chateau d’Ouchy
Image by edwin.11
Chateau d’Ouchy
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Media Headline: Remodel
Image by danielmoyle
Kalamazoo Gazette article on remodeling instead of moving into a new home. No mention of the FHA 203k option for refinancing that mortgage loan and paying for home improvements.
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Carrington Adds Streamline FHA 203K Loans to Its Offerings
Carrington Mortgage Services LLC has announced that it will offer the Streamline FHA 203K loan program, side effects which allows for up to $ 35, viagra 000 in property repairs to be financed into the loan, recipe through its retail and wholesale businesses. Carrington's retail …
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Atlantic Bay Mortgage Group joins Tidewater Builders Association's Cornerstone …
Many home loan programs are offered including: government-insured FHA loans, government-insured VA loans for active-duty, retired and former military members, conventional home loans, rural housing loans, jumbo home loans, FHA 203K rehab loans, …
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Question by J: Why does my escrow account analysis show my balance as the full amount that I barrowed 3 years ago?
I have an FHA loan and would like to refinance. I am confused as to how much I am refinancing for. Over the past 3 years, ampoule I have paid approximately $ 55, visit 000 in monthly mortgage payments. I know some of this goes to various insurances, escrow, ground rent (live in the city) etc, but wouldn’t I be refinancing for less than my original loan balance?
Best answer:
Answer by golferwhoworks
probably not since the first 15 years is mostly interest and very little goes to the principal
Know better? Leave your own answer in the comments!
If you are looking to refinance you should be looking at your principal balance and how that amount compares to what your house is worth. Not the escrow account.
Escrow is kind of a rotating account where you deposit money every month (via your mortgage payment) into that account and then when your property taxes and insurance are due, your mortgage company pays those costs out of your escrow account.