From what you are saying you should be able to get back into the market. Even though the guidelines state two years some lenders/banks have overlays that state 7 years.
I ... more
Your student loan payments will affect the allowable monthly payment you can have for a house. Your total debt, student loans, credit cards, car payments are divided by your g ... more
The KEY is disclosing it in the Listing.
Your best resource for information is a real estate attorney specializing in these matters. All anyone can do to help you on this forum is ... more
Sorry to hear about you finacial trials. There are a few options but they would require a substantial down payment and higher interest rate. If you would like more info ... more
That is a legal question that is best answered by an attorney. I suggest you contact a local one and inquire about it.
Also, here is a link to a web site wh ... more
I have helped people who have used this loan. Most recently last year. Its a great loan at 5% down with NO mi. I have spoken to many big lenders who say this deal i ... more
The biggest difference is that the broker is a "middle man". A direct lender, as you would expect, would have more control. This really counts in areas of closing ... more
If you purchased a new property in July of this year, you have not had a chance to file your 2010 tax returns with your new rental, so Underwriting will look at your lease ... more
thanks for the additional details. Is your current payment based on a loan amount close to the $108,000?
Some things to consider, if you re-fi with the intent to rent o ... more
or in other words "what is your intended long range and short range objectives.
Asking a technical que ... more