How to renegotiate this deal?
I purchased a loft in December 2012. I put down a deposit equal to 20% of the purchase price. The seller is holding the note. The note is supposed to start this December at a rate of 6% per year. It is
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?
Lenders who can go Construction to Perm (VA)
Having difficulty locating a local lender that will consider our land equity among the cash down-payment doing a Construction-to-Perm-VA home loan. Would prefer a credit union for this and definitely don't
Etiquette at Homes for Sale
I am in the finance business, and now a part of my job is to frequently visit homes on the market for financial advice, etc. I have noticed that many of the homes on the market that I have had to visit
Is it possible to get a mortgage in my situation?
My parents and I would like to purchase a house that I will occupy.
I had a short sale 2 1/2 years ago, and I have been researching the limited options because of this. I understand that if I wait
Bank of America RMIC (LPMI) HARP = ?
I've been trying, trying, trying to refinance my loan with BoA for at least a year and a half. Finally today I found out information that RMIC is our LPMI provider, but the BoA rep says no dice with RMIC.
Need a lender for a 600 credit score with 30% DOWN
I'm selling a property in Dallas. The buyer currently lives in Austin, has a low 600's credit score, but has about 30% down payment. The property appraises at $232K, I'm selling it at $175K as is. No
Refinance variable FHA loan to Coventional
I recently purchased a short sale property but I had to choose a variable FHA loan. The home has at least 8-10% equity. Could I refinance to conventional? If so what score do I need?
Thank you All
IBR student loans and qualifying for a mortgage
My husband and I have great credit, a hefty down payment... and unfortunately, we also have a significant amount of student debt that we are repaying under the IBR plan. Our current repayment amount is
Need some advice with refinancing
I'm looking for some advice on refinancing current mortgages:
1st: $492k @6.375% Interest Only (Wells Fargo)
2nd:$85k@ 8.25% (GMAC)
As with everyone else our property values have plummeted along
USDA closing costs
Can u roll in closing costs on an USDA loan even if after adding the closing costs it puts u over ur max approved amount... the house appraises enough to cover loan closing costs
Mortgages for Foreign nationals in Texas?
We are group of foreign investors from Australia, Europe and Malaysia interested in buying Single family and Multi-family properties.
For single family we looking at:
40000-350000 US $ units with Cap
I just tried to refi with USAA and the estimator came in 10000 dollars less than i bought it for a year ago, I did tons of work to this house:(
The basement is finished, I added granite everywhere, a deck, shutters, new roof, new furnice, painted the outside, custom cabinets, new fixtures everywhere, I practicly replaced the whole house so how