Profile picture for Kristeen Smith

Kristeen Smith

Lender

Mortgage Lender/Mortgage Broker (23 years experience)

Specialties:
Purchase Loan,
Refinancing,
Mortgage Planning

Advice

  • (2 Contributions,
  • 0 Best Answers,
  • 4 Helpful)

Contributions are sorted newest to oldest.

I got a letter from a company called Loan Payment Administration, Xenia, OH saying that by making my

Answer

Most of these companies make it appear as if their mortgage company is sending them this information.  It is not them.  There is usually an up front and a bi-weekly charge for this service.  If so, it is NOT worth signing up.  You can accomplish the same or more savings by paying an additional 1/12 of your monthly payment toward principal each month.  Call me anytime and I can explain.  Kristeen SmithFirst Portland Mortgage Portland, Maine

  (4)
I got a letter from a company called Loan Payment Administration, Xenia, OH saying that by making my

Answer

Most of these companies make it appear as if their mortgage company is sending them this information.  It is not them.  There is usually an up front and a bi-weekly charge for this service.  If so, it is NOT worth signing up.  You can accomplish the same or more savings by paying an additional 1/12 of your monthly payment toward principal each month.  Call me anytime and I can explain.  Kristeen SmithFirst Portland Mortgage Portland, Maine

  (0)
What is the salary requirements for buying a single family home

Answer

If you'd like to put no money down, there are maximum income limits.  These limits depend on the county of the home you want to buy.  However, if you have a certain home in mind, the Lender requires to know what the real estate taxes are and how much other motnhly debt you have to tell you if you qualify. 

  (0)