Financing—questions & answers, advice and opinions page 103

FHA Loan Locked
Hi I have locked into a loan and paid discount points to lower it from 4.75% to 4.25%, with todays FHA rates it seems that is 4.5% appraisal is in and I was wondering if it is possible to float down to…
Both our name are on the deed & mortgage but we are refinancing and only he will be on the mortgage will I be taken off the deed??
My husband and I bought a house pre wedding. Both of our names appear on the deed and mortgage but we are now refinancing and only his name is going to be on the mortgage, will my name be removed from…
Australian passport holder with a Nevada LLC EIN ITIN US bank account US credit card looking for cash-out refi lenders in NV
I understand the mortgage lancape for foreign nationals changes rapidly and advice from 2008, 2009 and 2010 on Truilia is out of date. Anyone up to speed on the current requirements?
How easy is it to mortgage a duplex or triplex in NY after I buy it for cash, and typically whats the max LTV? Can I do this immediately after buying?
To complicate things a bit, I'm English and live in England but would be setting up an LLC in the US to do this as a business. The properties would be low value, perhaps around the $35-40k region,…
I am in the military and had to move for a period of six months for training. My house sat in TX without a
renter and I had to pay rent at my apartment in AL. How can I capitalize on that loss, or do I just have to eat the rent payments? Thanks
We are trying to decide between FHA and VA loan. Qualify for both and have 3% down, but that is all our reserves. Which is better?
We can't decide whether it is better to use our savings now on FHA, we will end up with a lower loan amount and don't have to pay the funding fee, but will need to pay PMI every month. On the…
What are the technical processes required for owner or seller financing and who all should be involved?
What forms should be filled out? What entities such as lawyers and title companies should be involved? What is usually discussed when the note is drawn up? What exactly happens when an owner agrees to…
Should we short refi to pay off our mortgage servicer?
Our mortgage is 212k and the value is approx. $140k. We are paying 7.25% interest with LPMI that was snuck in without us knowing it when we refi'd 3 years ago. I haven't spoken with our lender…
going thru divorce in colorado. wife is trying to refi to take over mortgage. appraisal came in lower to comps in area.
appraiser says he is projecting a reduction in value in the future and building that into the appraisal. is that legal?
I disputed the foreclosure on my credit report after being discharged from Chapter 13 bankruptcy and it fell off my credit
The foreclosure was only 2 years and 3 months ago. I had a feeling this was a possibility because BOA bought the lender who originally held title, I was also informed by the IRS last year when I filed…
What does it Mean if the Bank Gives You a Conditional Approval??? Confused.Should I Start Packing???
This Waiting it Driving Me NUTS? They won't Return My Phones Calls.First time Home Buyer ...PLEASE Some one tell Me what this Means.closing in (3) Weeks...They Have All the Paper Work they Need...
mortgage industry
I was told that mortgage industry changed from April 1st. Could you explain more details?
Can my mortgage get cancelled if I leave my current job that qualified me for that mortgage, but I am still making my payments on time?
I want to start my own business and need to leave my current job but I do have the funds to pay my mortgage every month.
Does this sound like a Real Estate scam?
We answered an ad in the local real estate section of a classifieds website. It was offering to help underwater homeowners list their houses as a lease option in order to avoid dealing with the bruised…
Financing a Second Owner Occupied Multi-Family Property?
I keep finding conflicting evidence on the internet, so thought I'd ask here I own a 2 unit that I currently live in and rent out. The rent covers the mortgage. Its a FHA loan and the LTV is around…
PLEASE READ!!! Where could I find out about a personal investor to purchase a home.?
We are a very responsible couple and are working very hard to clear up our past credit problems. We keep current on all of our bills now and have for the past year or more. We are very good people and…
Need some advice: Young couple, First/Second time home buyers.
My boyfriend and I are wanting to buy a house under $70,000 within the next 6 months (hopefully). He currently has a house he rents out. However, since it is not close to our jobs and frankly too expensive…
We cleaned up my husbands entire credit report in Feb., obtained a secure credit card and have been paying it on time, His score went from 604 in
Jan. to 614 in April. His report is showing all debt paid but his FICO only went up 10 points...can we expect it to be high enough in August to qualify for mortgage?
Can quadruplex qualify as primary residence when owner occupied? Is it possible to qualify for an FHA with 3.5% down?
Can quadruplex qualify as primary residence when owner occupied? Is it possible to qualify for an FHA?
how can a house be appraised for 127,000 in 2010 and reappraised a year later for 86,000?
We have found a lovely historic house that came on the market due to the owner being relocated by their employer. She had purchased it 2010 for 127,000 and after her downpayment she owes Wells Fargo bank…
Are there ways to keep my primary residence status after I move?
I live in Southern California and bought a house in 2009. At that time, I was given the $8000 tax credit for first time home buyers. The conditions of the tax credit stipulates that I need make this house…
I need to refinance a physician loan without PMI in SC. Currently owe more than comps in my area with this market. Would like to reduce interest.?
I would like to reduce my interest rate and switch from 5/1 ARM to 10 or 15 year fixed with hope of paying off sooner. Currently 3 years into loan. Original loan $200,000. I owe $190,000. Comps are…
Can anyone provide me with info on what government agency (or what lender) could help my prospective buyers get a loan at competitive rates?
The wife has a 3 year job history but also has an old judgment. The husband worked as a independent contractor but has no proof of past income. He is also a self-employed software engineer. He has a…
After bankrupcty which lenders will allow you to qualify again soon to buy a home?
A recent job transfer called us to PA from VA and we were unable to sell our home in VA due to an oversaturated market. Lost the home due to foreclosure as we couldn't provide for two house payments for…
Where can I get a 100% loan on a 227 acre section appraised for $700 per acre and, due to finiancial hardship, is asking $60k TOTAL?
This is raw land with only a road to the property but is within 25 miles of Wilcox AZ.
Does anyone have any leads for financing on Cooperative properties?
Owning a share of a co-op isn't REALLY property ownership -- it's ownership of a business entity that in turn owns property. Therefore, many (most) banks won't lend to buyers who are purchasing…
Mortgage for 1st time home owner with Contruction loan included
Need a government funded program for a first time homeowner. Construction loan included in mortgage. We will live on premises in 2 family house
Can I get approved for a mortgage when I recieve SS disability with a beneficiary payee?
I was pre approved. But now that I've found a home the lender says that It cant be used as my income because I have a payee it's considered their income.
I have a current home in Southern CA that I purchased in 2009 and currently have about 28% equity (what I put down). I am relocating to Nor Cal for
my job and I want to rent this home out over the summer for an amount that would cover all of my expenses. I have heard different variation of whether my rental income will considered as income for my…
Appealing an Appraisal: Has anyone appealed and appraisal? Any tips? Did you win? Why did you win/lose? What eventually happened to the purchase?
We are currently under contact to buy a home at $200,000 and no one was worried about the house appraising because the tax assessment done last year was $207,000. Comps were selling for near or more than…
Is it possible to get a mortgage for higher than a home's selling price? My wife and I are considering buying a new home. Construction would
take 6 months but instead of getting the upgrades through the builder (Meritage) we would prefer hiring a contractor to do them before we move in. The additional financing would cover that cost and add…
I am looking to start a USDA Gaurantee loan, but not sure who i should go with. I bank with Bank of America, but I can't find much on them.
thoughts? I do qualify for the loan. This is my first home purchase. I live in the Chatham county area. my credit score is 717.
I make 60000 a year gross income. I'm looking into building a house on a piece of land that was given to me. Can i afford a 130000 construction?
loan Can i afford a 130000 construction loan over a 30 year fixed income. the land was appraised at 25000
Want to know the latest updates on VOE Loan program ???
How it works and any risk involved with this type of loan financing ?
PHFA Lending for bad credit?
I have a credit score of 533, just paid off all charge offs and collections. I'm in 1st time home buyers classes as of right now, could I get approved? If not what could I do to bring up my score…
Need Home Improvement Loan for Total Rehab of "As Is" Property -- Please Help!
The stats: Husband and I did a chapter 7 bankruptcy in March 2010. Prior to that, husband had been a successful and respected general contractor 25 years. A few bad decision in a tanking economy led…
I wanted to know my chances toward obtaining a mortgage in order to purchase a 2nd home in Vegas. I currently owned a single family home in northern
CA estimate worth $540K and just refi 1 yr ago of $400K 30yr fixed @4.32%. I have a 780 Fico and was never late with any payments. I’m currently employed at the same company for 3yrs average $34K/yr…
We were recently given a modification. But the payment is still to high. Is it possible to qualify for a loan on a cheaper house given our situation?
Achieving the modification was a two year process. It was very painful and now that it's done, we realize that the bank has structured the modification such that we are only slightly better off than…
I am trying to cash out refi my 5th property. . Are there any brokers catering to the 5-10 props ???
I am trying to cash out refi my 5th property. This is a rental and it's only valued at about $75,000. Are there any brokers catering to the 5-10 properties? The Loan amount would be around $60K...
I have 6 SFH investment properties. I need a lender who can refinance me. I keep running into a 4 property max from lenders. Properties are in KS.
Looking for low-rate 30 year fixed rate loans. Have excellent credit and income. Properties are rented and should appraise for an LTV of 80%.
We have a company serving South FL area that offers fully renovated quality homes to the public. Where can I find financing for our potential buyers?
Good morning to all. We just put on the market a full renovated home (MLS # R3193313) 2 days ago and we need to offer financing (mortgages) to our potential buyers. Can you suggest me a company/agency…
When applying for a usda loan, will they consider my girlfriends income even though she isn't on the loan?
The guidelines say all household members. How do they prove who's in the household?
i want to become a first home buyer, but at the same time i have bad credit. i know my bad credit is what
holding me back. are there programs that help with your credit & help you find a home? if so, can you provide me with a list.
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