Erik asked:


I can afford the 30 year fixed regular mortgage, but I’m considering getting a mortgage that is interest only for the first 10 years to save about $350/month. I have other student loan debt that is costing about 9%, while the mortgage would cost about 6.5%……I could apply the additional $350/month towards the higher interest rate debt. Thoughts?

Mosquito asked:


I’m in a dilemma here.

My father works for a mortgage company. My fiance doesn’t want him knowing how much is in her bank account, or how much she makes in general. She asked that we go to a bank in addition to his place.

Is it normal to do that?

I feel like I’d be going behind my father’s back by doing this.

jayjay asked:


This is a question for those in the UK.
My fixed rate mortgage has come to an end. Do you think interest rates will continue to fall, or is it more likely that they’ll begin to rise? Should I get another fixed rate mortgage now or stay where I am on the provider’s variable rate (slightly higher than what they’ve offered as a fixed rate) and hope interest rates continue to fall?
Thanks!

VH asked:


My mortgage broker told me that the loan is now in the closing department. What happens next?

greyhoundjen asked:


We’re going to be living on a single income this year as I take an extended maternity leave. We’d like to find a way to lower our mortgage payments during this period. Any suggestions?