adaviddiaz asked:


This is a new home loan if I pay advance payments will these extra payments give me an increase in interest to deduct. I am looking into way to pay les taxes and at the same time have peace of mind knowing my mortgage is paid a few months in advance. dose this make senseSensehow far in advance can I pay.

Troy

KB asked:


I am paying on a car loan and was wondering when applying for a mortgage loan can I borrow extra than what the home costs to pay off the car loan?

Dennis

Jennifer asked:


If I recall correctly, a bank will only issue a loan for as much as a home is worth.

There’s a foreclosure in our neighborhood that no one touched while the seller had it on the market… honestly, it’s ugly – aluminum siding, brick veneer, and the layout of the house is odd, but we’ve decided we can make it work.

Anyway, since it didn’t sell, that owner had it seized by the bank. My husband and I want to make a low offer on it, and maybe get financed for an extra $20k in home improvements (even this would still put our loan quite a bit lower than the home’s appraisal value). Do banks do this? We’re qualified for FHA financing, but we can also put 10% down alternatively.

MARCOS