Financing—questions & answers, advice and opinions page 13

Can lender ask for tenants payment to buyer before close of escrow?
I am buying a rental property. Lender is asking for prof of payment of rent to buyer, although the escrow is not closed yet and technically the property still belongs to the current owner (seller). Is…
How do I buy a (Nice) home with NO money down?
I have EXCELLENT credit (around low to mid 700's) but no money for a down payment. What can I do?????? I'm SOOO tired of throwing my money down the drain on my apartment. I really want a NICE home but…
Money down or no money down?
Is there any way to buy a house with no down payment? I'm a responsible single mom, a teacher, and have excellent credit. (754 last I saw). But I have a hard time saving extra for a down payment.
How long does it usually take to close a USDA loan? They said my loan has been sent to USDA for final approval.
We were supposed to close on Friday and now they are saying they are backed up there is no way we will close this week, How long will it take USDA to ready for closing? Is it usually less then a week?…
Can I refinance my ownr. finc. 20 ac.land to incl. new manufactured home? Cr sc 615
owe approx. 60K on land, looking for home around 80K, plan to use only 1 ac. for homestead & want to incl. elec, septic, h20 etc.
How To Get 1 Hour Long Term Loans with No Upfront Fees?
Gone are the days when you needed to experience a complex and drawn out paper work for the advance. Presently innovation has traded the old methodology for the advance. It is presently conceivable to get…
Are there any lenders that will do a construction loan for less than 10%?
I am a 100% disabled veteran. I am fully eligible for VA guaranteed home loans. The property between is Pella and Knoxville. There is some equity in the property.
how do I go about rent to owning a house I have seen on here ?
I have been trying so hard to find out how to rent to own a home . no one seems to know so I thought who better than a agent.. this would be my first home on my own. I have a little one and really want…
Who can I talk to about an FHA loan?
I am going to be a first time home owner and looking to purchase a condo sometime next year in the kenner or metairie areas. Any advice would be helpful! Thank you.
New credit before getting mortgage???
Wasnt expecting to purchase a home so soon but saw something I liked. Opened 2 credit cards at $5000 each. Im a first time home buyer and scores around 720. How long will it take for lenders to "feel…
FHA Approved Condos in Riverdale or Manhattan?
Hello- My husband and I are in the process of getting a pre-approval for an FHA Loan. We want to purchase our first condo in Riverdale or Manhattan. Any leads or suggestions? Thanks so much! -First…
my credit scores are decent, high 600s-low 700s, my income from SSI is $731/mth, my only debt is $25/mth
and was declined for financing because of "debt to income ratio". Could I have been turned down because of my age (66 yrs old) and my income coming from Social Security which might not be around the full…
Can Bank of America close a loan in 30 days? I was told that they cannot, is it true?
We have been preapproved by Bank of America. Recently my agent refers us a private lender and scares us by saying that BOA cannot close a loan in 30 days. We do not want to lose our deposit and lose…
How do mortgage lenders factor in payroll deductions when verifying your gross income?
My paychecks typically have a number of pre-tax and post-tax deductions. For pre-tax, these are things like 401k contributions, medical insurance, etc. For post-tax, these are contributions towards ESPP,…
I bought a house in Roxborough in 2007 and am still upside down over 7 years later. Can't use HARP. Any refinance ideas?
Also, does anyone have any insight into how the Roxborough/Manayunk market will fair over the next 3 to 5 years? I'd sell if I wasn't upside down.
can a house be foreclosed by 2nd mortgage loan holder?even if loan has been discharged?
bankruptcy 2004, continued paying first mortgage never made payments on second since bankruptcy
Real estate agent and Loan officer
Can I became Loan officer and real estate agent on the same time. Do both Real estate transaction and originate loans for clients. I am located in connecticut.
Hello my name is Anita and I'm a Vet,I want to know how long do student loans have to be in deferment for them not to be counted as debt with a
VA ln. my student loans are in deferment for a year but the mortgage wants then to be extended longer which is no problem but they want them done from a future date that's not here yet. Is this even…
Mortgage Loan Bolingbrook, Il
My wife and I are looking to buy a house in Bolingbrook, il. I am new to the usa and have about 7 months good on time payments credit history using my Itin. My wife on the other hand, has about a 630 score.…
In North Carolina can a ceramic wall mounted heater be considered a permanent heat source?
I am looking to sell and need to know if these new ceramic wall mounted heaters are worth purchasing for the bedrooms they mount on the wall but plug into an outlet.
Home equity loans for Canadians holding investment properties in Arizona.
We purchased an investment property (6-plex) in Phoenix with cash and would like to get a home equity loan. Are there any lenders in Arizona that deal with non US citizen holding US investment properties?
Can someone get me a mortgage in metro Phoenix with almost 2 years of 10-99 income?
I currently worked as a courier using my own vehicle and my own gas to 1099 around 70k year in 2014. I started mid 2013, I did the 2013 taxes and after writing off my mileage I didn't pay any taxes I…
can i buy a house after bankruptcy?
me and my wife had our discharge for our bankruptcy in 1/2009 and my family is growing and i need to buy a house the property cost is 195,000 i have 10,000 for the down payment and my wife doesn't…
95% LTV jumbo new construction???
We purchased a vacant lot. Looking for 95% LTV on $834k new construction (including lot) in Minnesota. Medical professional.
For a developer, what are the benefits for using a preferred lender on a condominium project? What are the downsides?
It seems some lenders will support the owners in gaining project approval from the FHA and Fannie Mae, as well as close sales faster. What criteria should the owner consider when choosing whether to use…
home loans using ITIN number?
banks that do home loans using itin number in chicago.
Home loans for the disabled?
Hello! I'm looking for a lender in Florida who has experience getting loans for individuals who are on disability. I have at least 20% down, and have enough in savings to pay the mortgage for years,…
How difficult is it to obtain financing for live/work lofts zoned LAC4? I'm thinking about purchasing a short-sale in downtown LA.
What are the different financing options for lofts zoned LAC4? I am employed full-time at 65K and have a side business that is in the negative by about 2K (which I am in the middle of dissolving), so…
Can I get a home loan in IL after 2 years since short sale?
We had shortsale in October 2012. We had 3 late payments. Is it possible to get homeloan in Illinois? Credit Score: 701 Downpayment: 20% Loan Amount: 295,000 Income: 6 digits I have been working with mortgage…
FHA's for second time home buying
I currently have a 30-yr conventional loan (purchased condo in 2002). My payments are current, but I am upside down in my loan (owe more than it's worth). I would like to rent my condo until I can sell…
Hello I am trying to sell my house and buy some land . I am selling 15739 camino real moreno valley ,ca 92555
Does anyone know if this can be done when selling my house? I will need at least 50k more to purchase the land after selling the house. Please help.
Loan officers / Financing unwarrantable condo in washington dc: 19.8% deliquency 50% o/o investor ration.
Hi- i am interested financing a HOMEPATH condo in dc that has 19.8% deliquency and a 50% o/o investor ratio. I would like to put less than 10% down. Any loan officers have a product I can use-I have heard…
I am looking to refinance my home--currently have physician loan at 6%--loan is in missouri. Would like to refinance with another physician loan.?
I am looking to refinance my home--currently have physician loan at 6%--loan is in missouri. Would like to refinance with another physician loan at lower interest rate with no PMI.
Are we able to refinance a conventional loan with hardly any equity.?
I have a credit score of 636 and my husband 648. We tried to use Bank of America but my score was to low. We have credit card debt and student loan debt. I am slowly paying off the credit card debt.…
What if your income changes between processing and closing on a new home construction?
We were prequalified for a new home to be built which will take 6 months. The loan is awaiting processing. They say we qualify for a usda loan. I am paid straight commission but with a guaranteed minimum.…
I am attempting to have my house re-assessed for the lowering the cost of my property taxes. How do I find?
the price of houses comparable to mine that sold starting January 1, 2009 to March 31, 2009?
Portfolio lender for mortgage on a non warrantable condo in Washington D.C.
Hi I'm interested in a portfolio lender willing to provide a mortgage for a nonwarrantable condo in Washington D.C. My preference is a low down payment such as 5% or less as I was prepared to go the…
Do I have enough money to buy a $50.000 house. I get $3.000 a month. From my disability. I live in the Balanga Philippines. Can come home anytime.?
Tell me the amount of credit I need to buy a $50,000. I should be getting 100% which will get me $1.300.00 soon. I am now living in the Philippines. Soon as I get the amount for the amount for the house.…
What percent down are lenders requesting in Los Angeles when purchasing a new home.?
What percent down are lenders requesting in Los Angeles when purchasing a new home. It was ~20% a few years ago...wondering if this had decreased any now that the market has (somewhat) stabilized a bit.
Cash out Refi on a rental property:
I paid cash for a rental property 2 years ago and would like to do a cash out refi. Would the LTV be based on appraisal or what I paid for the property?
Unique request. Executive currently in fairly new home under lease-purchase agreement ending in January and cannot get financing.
Looking for alternative financing or investor to purchase and allow me to continue to lease purchase to able to purchase conventionally. 98k invested. Greg 6159390493 gmc1968@hotmail.com
Commission fees
If I could sell my home for what I owe, but cannot afford to pay out the commission fees, is that still considered a short sale?
Own commercial property outright, how to finance?
My parents own a commercial property (free and clear) they want to get rid of. It produces no income but has great exposure. I want to buy it and eventually turn it into an avenue of income, but do not…
Any suggestions or recommendations for financing?
Hi All - I'm selling my townhome that's part of a mixed-income development. We've had a lot of interest and is priced right for the area. Unfortunately, the Chicago Housing Authority…
US Citizen abroad seeking to secure loan for home in SD. How can I get a mortgage?
I am in the market for a home in SD, but I have a somewhat complex situation so I am looking for advice on securing a mortgage. I am a US citizen, engaged to a Mexican citizen, and we are based in Tokyo…
Loans for unemployed @ www.loanunemployed.co.uk
Loans for Unemployed are ordinarily you get your advance sum affirmed rapidly yet the reimbursement residency is excessively short that makes part of issues. It is comprehended that you oblige moment advance…
Any Commercial Real Estate Brokers that need an experienced Commercial Lender ?
I finance commercial real estate for Wells Fargo~ I would like to be a resource for you and your clients~ I have funded numerous commercial real estate transactions over the past 12 years here in San Diego,…
Looking for a wholesale lender doing mortgages for Foreign National and/or Customers with ITIN only
I work for a Mortgage Company and have a lot of customers that are ready to buy, but they don't qualify for conventional mortgage because they don't have a social. If you know of anyone doing this kind…
Income VA and SS Disability for hubby. Me VA pay total income 6500 a month. Issue scores under 600 & has increased by 46 points. We need a loan ASAP.
We are in El Paso Texas. We have a guaranteed income, we are cleaning up debts and increasing our scores, We are currently renting the house we are in now from friends of ours stationed in Germany but…
Were Jumbo Mortgages wrapped up and sold as mortgage backed securities?
Were Jumbo Mortgages ( mostly $417,000 and up ) wrapped up with hundreds of others and sold as mortgage backed securities? Wasn't it just the mortgages UNDER that amount, such as those owned by Fannie…
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