Advice Topic:
If they offer the same rate, is there a benefit to one or the other? I talked to a big bank and a local lady, and they both seem good.
I wanted to buy a house this spring, but I don't know if I should with the mortgage rates being so high. But is it better to buy a house now and then try to refinance later when the rates go down?
I'm thinking of buying a house for an aging parent. If I put the loan in my name, could my parent pay the monthly mortgage or a portion of the income? I want to help my parent, but I don't want it to appear as income on my taxes or be penalized for trying to help.
We're pre-approved for a mortgage. We looked for houses in the Fall, but nothing worked out. We want to search again in the spring. Do we need to get pre-approved again?