Bad credit won't bar purchase.(Friday Home Guide)(Mortgage Q&A)
Q: Due to circumstances beyond my control, I have to move to an area closer to my daughter's school. I currently own a home and I don't think I'll have trouble selling it. With any luck, I'll be able to net about $20,000 from the sale. The problem is, I filed for bankruptcy less than a year ago and

Publication: The Washington Times

Bad credit is obstacle to buying.(Friday Home Guide)(Mortgage Q&A)
Q: Last year, my husband and I filed for bankruptcy, which was discharged in December 1998. We also had a foreclosure. Our credit problems were a result of my husband's chronic illness, which included a kidney transplant. He is healthy now, and our income is $85,000 per year. We have always paid

Publication: The Washington Times

Refinance Web deal sounds iffy.(FRIDAY HOME GUIDE)(MORTGAGE Q&A)
Byline: Henry Savage, SPECIAL TO THE WASHINGTON TIMES Q:I have jumped on the refinance bandwagon and have begun shopping around for a mortgage. I found one particular lender on the Internet that's offering a 15-year fixed rate at 4.625 percent with no points. This is much lower than all the other

Publication: The Washington Times

Refinance may help card debt.(FRIDAY HOME GUIDE)(MORTGAGE Q&A)
Byline: Henry Savage, SPECIAL TO THE WASHINGTON TIMES Q: My husband and I had some unexpected bills due to a family emergency. We have always paid our credit cards in full every month, but we now have an $8,000 balance and don't have the money to pay them off unless we tap our retirement account.

Publication: The Washington Times

Refinance cost also is important.(Friday Home Guide)(Mortgage Q&A)
Q: I am trying to decide whether or not it will be beneficial to me to refinance my home. I would like to reduce my monthly mortgage payment because I plan to purchase a new car in 1999. Here is my situation: I have a $185,000, 30-year, fixed-rate mortgage at 7 percent. My principal and interest

Publication: The Washington Times

Great rate rises; time to refinance.(FRIDAY HOME GUIDE)(MORTGAGE Q&A)
Byline: Henry Savage, SPECIAL TO THE WASHINGTON TIMES Q: We purchased our house in January 2002 for $489,000. We put 20 percent down and obtained a LIBOR ARM at 4 percent in the amount of $391,200. We were delighted with our mortgage because it kept going down. It got as low as 3 percent. Now I'm

Publication: The Washington Times