Real Estate & Mortgages FAQs

  1. What are the different types of private mortgage insurance (PMI)?

  2. What's the difference between private mortgage insurance (PMI) and mortgage insurance premium (MIP)?

  3. How can I avoid paying private mortgage insurance (PMI)?

  4. How do you flip a home?

  5. Should I pay my mortgage with my credit card to earn credit card rewards?

  6. If my mortgage lender goes bankrupt, do I still have to pay my mortgage?

  7. Is life insurance good for mortgage protection?

  8. My mortgage payments are no longer affordable; is there anything that I can do to prevent foreclosure?

  9. What is PMI, and does everyone need to pay it?

  10. How do I know if I should refinance my mortgage?

  11. Is it possible to short sell real estate?

  12. What's the difference between EBITDA, EBITDAR and EBITDARM?

  13. What is a Ginnie Mae security?

  14. Which is better, a fixed or variable rate loan?

  15. I've come into a large amount of money. Should I invest it or pay off my mortgage?

  16. Is there any time I would want to have a zero-principal mortgage?

  17. I am a first-time home buyer. If I take a distribution from my 401(k) to purchase land and a house, will I have to pay a penalty on this distribution? Also, what kind of form will I need to file with my taxes, showing the IRS that $10,000 went toward a ho

  18. How does the American Housing Rescue and Foreclosure Prevention Act of 2008 affect first-time home buyers?

  19. My husband has a 401(k) account which is 100% vested with an $8,000 balance. We are in foreclosure and need a hardship withdrawal. The investment management company which handles my husband's account says we can't withdraw anything because we have not con

  20. What is foreclosure investing?

  21. Can investment real estate be purchased within an IRA and, if so, are there any pitfalls?

  22. What does 'froth' mean in terms of the real estate market?

  23. What are the benefits of an assumable mortgage?

  24. What is an assumable mortgage?

  25. What is the difference between a non-recourse loan and a recourse loan?

  26. Can my spouse and I use our IRAs to purchase our first home?

  27. I sold my house. Can I exclude the gain from my income?

  28. Why does the majority of my mortgage payment start out as interest and gradually move toward mostly principal?

  29. What is the difference between a collateralized mortgage obligation (CMO) and a collateralized bond obligation (CBO)?

  30. What is the difference between a 2/28 and a 3/27 ARM?

  31. I'm about to retire. If I pay off my mortgage with after-tax money I have saved, I can save 6.5%. Should I do this?

  32. Are mortgage-backed securities backed by any guarantees?

  33. Can I, without tax penalties, use the IRA I inherited from my father to buy a home that I will live in? He was 72 and had started taking small payouts on it.

  34. How does a credit crunch occur?

  35. My Traditional IRA has been converted to a Roth IRA. Can I still make a qualified withdrawal as a first-time home buyer?

  36. What is a subprime mortgage?

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