Financing—questions & answers, advice and opinions page 18

When do you pay for your appraisal?
I found a house and my mortgage broker told me she would hold off ordering my appraisal until after my inspection just in case. Well the inspection did not go good so I cancelled during my due dilligence…
can anyone please do help tell me is there such company name as sham hamzah loan company i aint wna get scam?
where to get hard money with bad credit?
WHAT MORTGAGES ARE AVAILABE FOR A 500K HOME WHICH NEEDS ABOUT 200K IN RENOVATIONS, I HAVE PREAPPROVAL FOR?
A WELLS FARGO FHA 203K FOR 650K. THE MORTGAGE BROKER SAYS THAT IT IS 7 % FOR A 30 YEAR FIXED. HE ALSO SAID THAT BANKS NO LONGER HAVE CONSTRUCTION LOANS. IS THIS THE CASE?? THANKS
Important Announcement from Fannie Mae about Short Sales
On June 26, 2008 Fannie Mae issued Announcement 08-16 to all lenders that changes Fannie's guidelines on evaluating borrowers who have a previous Short Sale in their credit histories. It enables borrowers…
Does anyone know lenders in the Akron, OH area that still offer the 203k Streamline Loan?
I am looking for a client.
i cant find anyone who will finance a 50000 dollar loan . who do i turn to for help? the problem stems from
the fact that my x-wife will not refinance the house that she lives in with her new husband so that my name isnt on the loan that we took out when we were married help
From good to poor credit for refinance, are there lenders, for good, fair,& poor credit apps
In San Diego, when moving from one prop to another, what affect does it have on prop 13 property tax ?
do the same mortgage rates apply to 203(k) loans (e.g. do jumbo rates apply to 203(k) loans over $417K)?
this is an add-on question to one I asked previously: since HUD endorses a 203(k) loan as soon as the funds are distributed, thereby decreasing the risk to the lender, do jumbo rates still kick in if the…
Can I combine grant programs? Can I combine Grant program with FHA program like HICAP?
What down payment assitance programs are available for San Jose, CA?
I want to get into a rent to own home in Eastwick Penrose area is there anyone in this area taking section 8.
would like to understand how lease purchase homes work. Do you still have a home inspection, then?
a final price, still have contingencies for any repairs, etc? Are there different prices depending on a lease purchase versus an outright buy? Does the rent build up equity in the home? We are being transferred…
hello i am a 38 year old female I have been looking for a legitimate private lender from the usa who can help
and doesn't charge an outrageous fee or no money down who is honest, and legit and who will make sure you receive your loan do can anbody out there tell me if one exist....
Were can I get help with lowing my house payments, before I file for bankruptcy.1600 1st 800 2nd mo. /
250,000 and 53,000 loans on home. Home value dropped. What should I do? I'm up to date on my payments.
How hard is it to get financed for an older mobilehome?
How can I find a Lender? I'm Military my credit is fair, income and job security are strong but I have a
Contract for Deed gone BAD on my report. I need to move (For my job) and can not wait until I can litigate the Bad contract. Can anyone help? Thank you.....
Have a home that i cant sell but have to relocate and want to buy another one. I have equity in first but no
buyers. My equity(profit) would have been down on next. was looking at conventional loan. Since it doesnt look like i can sell, should i refinance with an interest only and try to purchase the other home…
I have PHFA on my primary residence which now planning to rent. Is there another option beside refinancing?
Has the 203K Rehab loan gone away?
I was told these loans no longer exist. Can anyone confirm? I have FHA buyer's who will need extra money to replace the roof, water heater, carpet, and plumbing. It's a bank owned property so of course…
Is there a resource to review what local lenders are offering HELOCs (in today's market) and under what terms?
We are looking for a higher LTV HELOC 90% in the Scottsdale, Arizona market. However, I continue to hit a road block with maximum advance rates not exceeding 80%. Does anyone know of a lender (most likely…
What loans and grants can I apply for when purchasing a rehab in Peterborough, NH ?Can I burrow more then?
the asking price to get cash out and do the repairs immediately? With approved credit and equity from my current home. I was hoping to use my current home as collateral on a new home . What options…
CALLING ALL FHA Pro's on Buying A DUPLEX! What are FHA guidelines on party-wall agreement form?
When none existed before? Is there a supplemental form that can be used?
If I get a new job while I am in the processing of closing a house, will that put my financing in jeopardy?
I am currently going through an FHA loan. I have already sent in documentations of my assets and pay stubs....do I need to wait until the closing is done before I can start a new job or accept a job offer?
mortgage approval / career change?
We are looking to move from NY to PA if my husband gets hired at a city police dept. Our tenative plan would be to move me to PA after my husband recieves a letter of hire ( this would be our primary…
Financing for a limited partnership?
I'd like to buy an income producing property by setting up a Limited Partnership with a group of 10 private investors. What types of lenders would be most willing to lend to an LP such as this? Given that…
How hard is it to get a loan to build an extension to a home...?
I am looking at making a purchase on a property that is a small house on a giant lot (but in a fantastic area). I have preapproval for a conventional loan and have no problems actually purchasing the…
How can I get a 403k loan for a 36 unit apt bldng. in Michigan?
I am buying a property and I need to rehab this apt., at present it is vacant, found out that it is difficult to get financing when the property is vacant. I am putting 20% down to purchase the property,…
I have a second home (condo) in las vegas and the value has fallen $50K below the amount on the note. The HOA
is being sued by the former director and they are charging the owners a special assessment. Normal monthly dies have skyrocketed. I can afford the payments but really don't want to. It is a non-recourse…
I am looking for a townhouse or condo maybe even a house near the area of newport, nc.
I need a 2 bed 1&1/2 bath. Cheap price. For a young couple. were both 20.I live in california, so i dont know whats out there. I need help!
What is Mortgage company liable for if they have dropped the ball?
We were told that we would close on June 27th...then moved up to June 30th to July 1st and now July 2nd (maybe). The problem is this happened because they lost some papers and failed to let us know. Now…
refi ?Just got an appraisal, it came in at 365,000. we thought that to be very low but he had a really
hard time finding comps. I seen the pictures of his comps and didn't feel they even compared to our unique situation/land of 22 acres (he has been doing his job for over 20 years, he did his best). the…
Want to refinance and have imporved the home since it was last appraised, how do we know the new value?
We purchased the house it was listed as 1 bedroom 2 bath. We will be converting the den into a bedroom - we have been advised that a 2 bedroom, 2 bath home (1500sq ft) would be more valuable than as a…
More information on USDA home loans
I am looking for a business loan for property I already lease but have an opportunity to buy where do I go for
a biz loan ? I hve little to put down , EXCELLENT credit ( I've been paying rent for 9 years ! Thank You !
I have a previous BK (discharged 02/2007) and a foreclosure (10/2006). Am I ever going to be eligible for?
another new home loan? Would it be best to try to buy a less expensive foreclosed home in my area? Does HUD offer loans to purchase their homes?
ING provides great rate
Just want share this one with everyone here. My friend is searching for a refinance loan of $600k. He tried zillow mortgage, the best one I can get is 5/1ARM with 5.75% plus $1200 lender fee. He later…
Does anyone have info on Smart Choice Mortgage?
hi, we want to invest in a vacation home in pompano. We're from Canada and are wondering what the down
payment would be for non us citizens. Also, we heard that getting a mortgage now is very difficult in the states. Is it true, does anyone have any suggestions? thank you
Is consolidating high interest credit card debt into a personal loan a bad idea?
I'm not doing this to reduce monthly payments, only interest. My monthly payment on a 48 month, 11.99% personal loan will be about the same as the min. monthly payments of the higher interest credit cards.…
How are property taxes calculated in Texas?
How are property taxes calculated in Texas? Also, does this vary from county to county? I just saw listed a a $269,000 3-unit property, where they state annual taxes at close to $7000, which is almost…
I think I am underinsured with my homeowner's insurance. What is the averge cost per square foot to rebuild?
a home in San Francisco, CA. It has hardwood floors and wood paneling that goes up a 1/4 of the walls.
Percentage down payment to get easier qualifying loan, Texas market?
For a single family home (not a condo) or a 2-4 plex ... I am looking for property to buy, and could buy many single family homes for all cash, but I am also open to buying a property with a loan, say…
Anyone had any experiences with American Interbanc mortgage company? Anyone dealt with them for their?
mortgage needs? They have good reviews from Consumer Watchdog organization. Please let me know - either ve or -ve. (http://www.americaninterbanc.com)?
i am in a salon partnership which is 50/50. what is the best way to handle it being financially fair?
what is the best way to to finance a home these days, so my payment will stay the same?
Down payments in "declining markets"
Lately lenders are telling me that even with good credit, they require 15-25% down on an investment homes located in "declining markets". The problem is, none of them will tell me where the declining…
The Negative Equity Question - I am in a position where I am in no danger of foreclosure and do not want to
short sell and hurt my credit. However, I may be about 20-25K in the red on my condo right now. Would a bank (similar to auto loans) allow you to roll the negative equity into a new home purchase - this…
Should we refinance or bail out?
We are thinking about moving out of state and buy a cheaper house that we could pay in 15 or 20year within a year. At the meantime we would like to pay towards principal and not continue paying interest…
FHA Requirements for Built In Appliances
I am in escrow on a home that is missing all the appliances which were built in. It is clear that FHA does not require appliances to close escrow when they are not built in. Will they require any or…
fha loan question.. whe does the buyers homeowners insurance need to take effect if the current owner is
living in the home after closing
Hello Everybody, Well it seems as though I am moving to SD in late August/early Sept. Unfortunately this
coincides with my stocks falling hard and I now have only enough for a 10% down payment on a typical SD home in my price range for a home where I am willing to live. Does this make home buying a no-go…
Is there any kind of loan that delays pay for 6 months or so, I would like to buy a more expensive house but?
I need to remodel my current house for sale and have two at once, is there a loan specifically for this type of short term use?
Is there a loan that starts repayment 6 months away so you can?
carry two properties at once but only pay on one, for a short term, because it is your intent to sell the first property with the existing mortgage after remodeling it a few months (also after moving furniture…
What earnings are considered when qualifying for a home loan?
I'm concerned that based on my "salary" I won't be able to get the amount I want. I am in a commission-based sales job. It is likely that I will earn more or as much in commission than I do in my salary…
i applied for a mortgage today and was told that i have a good credit score but not enough positive credit to
get a fha mortgage. can anyone help me get one because i need to move bfore the new school year?
i would like advice on refinancing my home i have tried bu they say my debt ratio is too high i need help
My house is worth less than I purchased it for, (I have no equity in it currently).
I think I have what may be called a 3 in 1 arm, and I would be able to renegotiate it at the end of this year. I am paid an above average wage, but have been saddled with a higher than normal mortgage…
Can Fannie Mae and Freddie MAC run out of cash? If so, how do you get a conforming loan?
how many names can be on a mortgage? we are buying an investment property and there are a total of 4 people
involved? is it possible to get a mortgage with all 4 people?
"First time homebuyer" lending programs
Hi, I'd like to understand whether I'd qualify for first time home buyer lending programs. My spouse and I will be buying together. It will be my first home purchase but not his. We will be using both…
Haven't paid HOA or Utilities....
Kind of embarrassing but times got really tight and it's a long story but I haven't paid my HOA or utility bills that have been mailed to me monthly for 6 months (since I purchased the home). I want to…
Hi-I am looking into an FHA loan which I believe we would qualify for based on me and my husband's gross
income. The problem is not only are we carrying some credit card debt we are also have properties that on paper show a negative cash flow. This weighs us down to almost a 50% back end ratio for the loan…
I have bad credit and my boyfriend has good credit. We are planning to get married and to buy a home too.
My boyfriend is worried that with my bad credit will hurt our chances in buying. I'm working on paying off my debts and getting it cleaned up. However, it's not loan worthy. Should we wait to buy a…
i submitted an fha loan application 2 weeks ago and they told me today the application was sent to a higher
level underwriter for a second opinion. my debt to income ratio is low and my credit score is 621, however the processor told me i dont have alot of credit. what are my chances now of getting approved?
who is doing va manual underwrites for a veteran that has a 595 middle credit score. PLEASE help this VET
I am a previous real estate investor(michigan) looking to branch out into hard money lending (i'm doing the
lending) and was wondering if anyone can lead me to an honest broker specializing in that field/those type of investments, any help is greatly appreciated.
Does a pre-approval with a good faith estimate mean you are defintely approved for a mortgage?
What kind of financing/loan is available when you buy a house that needs fixing up? Can this be apart of?
your mortgage? My husband and I are confused between spending 20.000 more for a move in ready or do we spend less and take out financing to fix it up... How available or what options are their for homeowners…
How do i find a good mortgage?
We're looking to buy a 2nd small property for rental. We have enough for a 5% down payment and great credit. My current mortgage is with a state bond mortgage. So should I start with my current boker or…
What are the tiers to financing and the corresponding credit scores?
To clarify, is it typical that persons seeking financing fall into 1 of 3,4, or 5 categories? Those being excellent, good, fair, unfavorable? And what score would land a person in a position to get the…
How can I find homes for sale with owner financing?
Seasoning for Cash out refinances?-Fannie mae changes
Is it true that FANNIEMAE Now requires 12 months seasoning for investment properties to do a cash out refinance?
commercial real estate,partnership,i bought 50% of undivided property,with 8 rentals my partner sold 25% of
his 50% to a renter but remember its undivided #1 can he do that with out asking me to ok sale.#2 will that make me majority owner . #3 i understand when asking about a loan if i am majority owner i can…
Is getting a 6.875% FHA with 3% downpayment and $10000 closing costs inclusive of prepaid/non-recurring items
a good interest rate in the current scenario for a loan of 435K purchase price?
my mother cosigned for my morgage, however the morgage company put her name on my deed instead of mine. how?
do i fix this problem
Do I need a down payment?
I make pretty decent money and know what I can afford on a monthly basis but I do not have the funds to just throw thousands at a down payment. Is there any way I can get approved for a loan and buy a…
when getting financing for an owner-occupied investment property and you only have 10% down do the banks?
still charge you mortgage insurance for not having 20%
I went through mortgage broker for home loan and received GFE of $875 in closing fees, 6.375 rate, 6.403 APR.
Today, however, received packet from lender (Chase) with GFE over $10,000, 6.375 rate, 6.71 APR. Also had two different mortgage amounts on different papers. Have I been scammed? It's the weekend so broker…
I have a question about front and back end ratios in high cost markets.
I have a question about front and back end ratios in high cost markets. I am hoping to be a first time buyer in 2009 and I know that generally there are some guidelines for lending based on these ratios.…
How can I find properties where the owner will carry the loan?
I have a foreclosure on my record and was told that I couldn't buy a house for 4 years. Trying to find a way to get around that hurdle.
Can someone tell me something bad about the FHA program?
FHA or Conventional?
I am interested in buying a house, the house is a foreclosure home and the listing price is $190,000, I plan to offer the 190. I have 5% for down payment, and I would like for the bank to pay for my closing…
I have an appraisal hearing on July 16th, and need comps for my area to hopefullly show my house is not worth
what they have listed on my property appraisal. Is there a way to get these online, or do I need an agent to get them? I need them for the Merriman Park Estates area of Lake Highlands (75231). Any advice…
who normally pays the transfer tax in Nevada??
Is it still possible to get a loan with no money down ?
Hello I am second time home buyer, who is trying to buy something closer to where I work. currently I have little or nothing in my savings to put down for a house is it still possible to get a 100 % loan…
I need to know if there is anything else I should do to improve my credit score.
Like a moron I missed a payment in Feb of this year on a dept store card. Through the hustle and bustle it just happened. I corrected things IMMEDIATELY and made a payment, BUT not before I got dinged!!…
Please does anyone have a list of lenders i can contact for pre-approval for non us resident investors.
Please does anyone know the requirement for pre-approval for non us residents.
My credit score is only 650. Can I get still get a mortgage with 20% down in NY.?
Are there programs or loans available for buying bare land with the intent of keeping it wild?
I want to buy out 2 other family members on a joinly owned property (262 acres) that has been in the family since my grandparents began farming it in the 1950's, and would like to return it to the natural…
looking for a loan for a norfolk, virginia co-op?
loan for co-op located in Norfolk, Va
Can we get a new mortgage before putting our old house on the market? We live in Ohio and my husband has
just accepted a new job in Floriida. It would be so much easier to paint and carpet and generally fix up the old house after we're moved out. Houses are not selling well in Ohio and we plan to price…
Can my husband qualify for a first-time home-owner loan if I own a house under my name?
If I own a house under my name, and we plan to move into another primary residence and keep the house I own as an investment property, can we qualify for a first-timer home owner favorable rate if we were…
I am a federal employee and looking for a home loan. Can anyone provide the relative merits of using a?
mortgage broker or a Federal credit union? Everyone I have spoken to thus far have recommended me to use my federal credit union - lower fees etc...
paid in full but want to get some cash out.
Bought a condo paid in full by cash on Jun 15 and currently under remodeling. Plan to move in around end of Aug and few questions I have: 1. What will be the best way to cash some of money out (HELOC…
Any 1031 Rollover Real Estate specialists on Trulia?
I am a limited partner in a medical complex in San Bernadino county, CA. The property has appreciated handsomely over the past 20 years and I want to cash out my investment. Unfortunately the general…
When you prequalify with a lender, do you have to use them if someone else offers you a better deal? I just
got the after all I've done for you which does not hold water with me. Would you spend 10s of thousands of extra dollars over the life of a 30 year mortgage if you did not have to????