Financing—questions & answers, advice and opinions page 28

Short-sold a home in Oct 2011, do we have to wait 3 years minimum?
Short-sold a home in Oct 2011, are there any loan officers here in San Diego that can get us a loan NOW with 10% down or less? Or is the wait a min of 3 years for FHA or longer for conventional? What is…
I'm on the deed of my parents house and they are planning on short selling their home.
I am not on the mortgage, but I do help my parents with payments and get the tax writeoff. I talked to the loan officer and explained the details and he said since my parents do not have sufficient income…
Closing in two days and mortgage isn't approved?
So Tuesday is my closing date and I still have not been approved for my loan. My closing date has been set for over a month now and the mortgage company keeps on coming back asking for more documentation.…
How do I find out if someone has bad credit, liens against their property etc.?
I've been asked to loan an investor some money, and would like to do a check with the county recorder to ensure he is not bankrupt, what his credit score is etc. Generally that he's OK to lend…
Are stated loans still available?
My husband is self employed and I have 1099 income; we are trying our best to not to have to owe an insane amount of taxes to qualify for a loan of 620-650. We consistently bring home around 20k a month…
Is there a lender who specializes in self-employed FHA loans. I need to be clear on how income is calculated.
One lender used the average of two years income from taxes and another used the most recent income reported on current taxes. I'm confused can anyone explain what is standard for FHA and if there are…
Lot financing charges
I have contracted to purchase a bank owned lot. The terms I agreed to are; 15 yrs with 25% down. My credit score is 770. Now that things are progressing I feel like some of the associated costs are…
I have a 1979 manufactured home on 5 acres and want to refi to pay off credit cards. What lenders will refi a manufactured home on property?
My income is good, credit is good, place is worth more than the amount needed but I am having a hard time finding a lender. Home was converted to real property. It has the hurricane tie downs and not the…
Relocating from MD to Fl in 2014
Will banks consider our job history here in MD when determining credit worthiness?
Poor Credit History, Consistent Pay/Employment.. How do I take the next step to getting a home?
I am interested in purchasing a place for under $800 per month in Detroit preferably. Unfortunately have poor credit but make $60k at a job I have held since 2001. I am searching for advice or Ideas…
New FHA loan with previous loan modification
I am trying to purchase a house of 765K with 10% down payment. I am OK with FHA also. However, I had a loan modification approved on a previous house in Feb 2011. Is there any lender who can help in this…
Questions about pre-approval
I'm confused about the pre-approval process and when to shop for lenders. I understand it is important to get pre-approval before shopping for homes but here are my questions (I'm in IL): 1. I have…
Getting a mortgage in your 70's
My parents are in their 70's and own two homes free of debt. I'm going through a divorce. My parents are willing to mortgage one of their homes to help pay my wife's portion of my home's equity. I would…
5% down mortgage
Looking for home in the $1.8 - 2.2M range in Palos Verdes or similar Los Angeles community. Lawyer. Excellent credit. Prefer 5% down, could possibly go 10%. Where can I get a loan on those terms?
My Home started into foreclosure and was rescued by me. What is the waiting period to refinance in California?
My home went into foreclosure in July or August of 2010. I rescued the home and paid all payments and fees in October or November 2010. The lender took payments and did not post to my account and was…
We own our home free and clear? What are our options as to taking out a loan against it?
We had a relative finance a loan for our home do to our poor credit. Since we have owned the home free and clear for 18 months we would like to get some type of loan to pay off the relative. What can…
FINANCIER ( LOAN OFFER)
We are registered loan company based in Heywood, England, we understand the financial limit of the global economy in recent years, and we can guarantee you a low cost loan within 48 hours, you do not…
Which lender is easier to work with to get a 203k loan ?
I have a few investment properties with conventional loans. I would like to purchase a house as my primary residence but it needs major renovation. I am not even sure if I qualify for 203k since I have…
Las Vegas Refinance
I have 46 residential SFR properties in and around Las Vegas. I want to refinance these (possibly under a blanket loan). Do you know of any local lenders/banks etc. who can finance a portfolio like this?
My husband and I have been trying to find a local lender who will give us an asset-based mortgage. So far, we're having no luck.
The lenders we've spoken with all say the same thing (even the ones we've done business with for years, still have loans with, have never defaulted on or made a late payment)...they can't help us unless…
any recommendation for HO-6 Policy provider.?
I need to obtain one for refinancing. Although the HOA master coverage is pretty good, the lender requires one for refinance. Also can you give me idea of the price for a 500K town home
Excellent Credit/score but only a year on the job. Can I get a mortgage?
I am a 1st time homebuyer and want to purchase a very modestly price home. I h ave excellent credit with a low debt to income ration but was laid off for 1.5 yrs and have only been back working for a 1…
Trying to Get FHA Loan Preapproval - 700 credit score; under 2 yrs employment; decent downpayment
Hi, I am trying to get preapproved for an FHA loan between 100-125k....between my gf who will be on the loan with me, we have around a 700 credit score average AND would be putting a larger downpayment…
I am looking for a very small hard/private money loan
I am looking for $1000-$1500 private loan. An individual is,preferred. I have no credit established. I have very little collateral. A car and a few possessions. Interest is not a problem. Can anyone help?
Why does FHA require 51% occupancy on Condos?
I'm a lender with a customer with a credit score of 729, good job, and because of the 51% FHA requirement for owner occupied Condos, we can't provide him with a loan.
VA loan Denied because honerable discharge
My husband is in the air force, but he will be honerable discharge in October this year, we got denied for VA loan from USAA because he will be in school after the discharge. what should we do.
how to finance a commercial building short term to turn into a residential one?R zoning in place...
I am interested in loans. I woud like to buy a commercial building valued at around 800K then turn it into a small 2 family that can be financed with a regular mortgage.R zoning is in place already. Do…
How do I start the financing process for a mortgage?
How would I get in contact with someone for a private mortgage. Been rebuilding my credit and have had some problems. I will have a 20% deposit and looking to buy a townhome / condo. Several errors on…
I'd like to start looking for a home, with my target buy being before November (current lease is up). When should I start looking for mortgages?
I'm a first time buyer with pretty good credit and pretty hefty down payment available for the range I'm looking at.
Is There any mortgage lenders that will lend to a score of 615?
I have a credit score of 615, and already have a mortgage, I am looking to sell my home and buy a new one. And want to know if I would be able to get financed at a 615? In addition my boyfriend would be…
This is about Closing date and USDA
Ok So we are working with a loan officer and we were told by them that they could close on the house we want by the 31st but now their saying that its gonna be pushed back. Can closing be pushed back by…
is CDA Law Center safe?
I rec'd a cold call from CDA offering some refi ideas. The caller sounded solid but that is his job. What is the business rating of CDA Law Center?
va loan after military and recent employment
Got out of the military in october 2012. Got a job that doesnt have anything to do with my mos. How long should I wait before applying for a va loan?
Which type of loan is better for a first time home buyer. An FHA loan or a VA loan?
What are the pro's and con's to both or what makes one better than the other.
How difficult is using hard money to finance deals for flipping ?
Is it really feasible to use hard money if you qualify to buy homes conventionally , please inform me the pros and cons ?
I was late on payments and short-sold a house 18 months ago. My circumstances don't fit neatly into any of the FHA guidelines, though.
We defaulted and, ultimately, short-sold due to malfeasance and refusal to cooperate by my ex-wife. We were both on the mortgage, but she refused to pay her half after she split. I continued to pay the…
How long should it take title company to payoff credit card debt that was a condition of a cashout refi?
I closed 7/16/13, excess funds were dispursed to me 7/22/13. Several credit cards and a car loan were to be paid off from escrow by the title company. How long should it take for these loans to be paid…
Appraisal of TIC building came in on our Refi at about 30% less than market. HELP! Inexperienced Appraiser = flawed appraisal.
We have a TIC building in San Francisco. 4 unit. Totally redone and finished in 2008 (studs and up). Beautiful building and great view of the bay. Trying to refi (Wells Fargo) and the appraisal came…
Is it completely unrealistic to expect a buyer's agent to call the bank and require a certain level of service, timeliness, deadlines etc?
We just bought our first condo after a year and a half of trying. Each offer we put in took months and months to hear a "maybe" from the bank. This approval still took three months, and probably…
Have a home equity line of credt on our home. that mortgage balance= more than homes value. can I sell house and keep Home Equity balance as a debt?
Looking to move to other side of town. Current home is burdened with Home Equity Line of Credit that puts us up against total value of home if not a little bit more. Can I sell my house or transfer mortgage…
Mortgage for a F-1 Visa that will switch to H-1B in October
Hi, I am looking to get a mortgage for a condo house (roughly 400k). Ready to put down 20% down payment. Credit score of over 730. 6 digit salary. Though I have a full-time job, I still am on a…
how can i remove hoa lien from my credit report if i paid it immediately?
i live in a different state and never received the proper bill in mail and if i pay this recent bill immediately do you think it will still be on my credit report and how can i remove it? they just sent…
How to exclude a spouse from "Deed of trust" during refinance (in California)?
I bought a rental property with my friend in 2006. We are in the process of refinancing and the lender has included our spouses in the "Deed of trust". Back then we both were single and would like to exclude…
I want to buy a house for 10,000-could I borrow more than it's worth?
The house was appraised at 50,000 but I think the sellers are eager to get rid of it. I would like to borrow between 24,000-25,000 so I can buy this place and fix it up, but also fix up the home we already…
Hi, I live in Valley Cottage, NY area and currently own a condo which is not FHA approved. I am looking for refinance options.
But none of the lenders provide refinancing because condo is not FHA approved. I have a good income and 800 credit score. If anybody knows a lender who can provide refinance for around $220K, I can explore…
I foreclosed one of my rental properties in Feb 2011 my credit score is very high now around 740
, can I refi my other investment properties and/or primary residence?
Is .75% for LTV more than 0.8 a reasonable way to calculate ballpark PMI cost?
I'm trying to model different house-buying options. I know that different lenders charge varying rates for PMI depending on the scenario. The only consistent thing I've heard is that you have to pay for…
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer