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Lori McMahon's Answers

I received an inheretance of 60,000. What would happen if I use it to pay down my mortgage/
I don't believe that would automatically reduce it...I would suggest you call your lender and ask them.Lori
Credit score of roughly 600, looking to refinance Fannie Mae home should get your credit score before you contact any lenders. We send all our clients for a free look from all three credit bureaus here: 1st step in lendingGood luck!ljprops
Can you put less than 20% down on a traditional 30 year fixed mortgage?
Hello Patty,I agree with the previous answers but I "would" also check with local banks and credit unions. If they do the actual loan themselves, the interest rate may be a bit higher but you might find one willing to take a smaller down payment with no PMI. I just obtained a mortgage loan...

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