Financing—questions & answers, advice and opinions page 44

Are there any brokers who can work with someone who has accounts "in dispute" on a credit report?
I'm a first time home-buyer that is applying for an FHA loan. I have been working with a mortgage broker who had already pre-approved me back in Janurary of this year. Since then I've even managed to raise…
Looking for FHA or USDA Lender in MA with 630 score?
I found a property. Spoke to a lender who told me I needed a 680 for USDA. Income is high. I dont understand. Looking for a lender to pre approve. Scores are 680, 630 and 587 (not sure why that one is…
I've been offered a 30k note. Owner has placed house on the market to pay off the note & mortgage. Is this a bad or good deal?
The new owner is a contractor, beautiful house in a great area. Note would cost me 10k. 12% interest on 30k. I'll get paid when it sells.
H1B expires shortly. I-797 awaited. Can I get a mortgage?
Hi, I'm in a tricky situation. My current H1b expires in about 45days. However, my employer will be extending it for another 3yrs. That process will be initiated by end of this month. I have an…
looking for private money, collateral is fully paid investment home.
The loan can be short term or long term. Loan to Value ratio preferrably 65% but can work with 50%. Is it possible? are there any private lenders not sharks? Thanks
Are there any problems with refinancing a loan on an investment property, while trying to secure a new loan on a different property at the same time?
Last summer we moved from Florida and now live in Georgia. Because we could not sell our home for a decent price, we decided to rent it out and not take the hit financially. We secured renters, which…
Could I get a loan without employment history?
I'm wondering if there's any way I could get a home loan without employment history. I'm a veteran of the U.S. Army, have great credit, have 12k I could easily put down on a house, and have roughly $1,100…
Taking over a mortgage loan from relatives
I would like to take over a mortgage loan from relatives (i.e. I want the loan to be under my name)? Do I need to have title to property for at least 6 months? Is there any other information I should…
TIC loans in Oakland, CA
Does anyone know of a lender doing TIC loans in Oakland
Need help with getting approved for a conventional mortgage with less than 2 years of experience in current career.
I've already found a condo and offer was accepted with a preapproval. Attorney review is done and inspection is next week. I have a pre approval going from Wells Fargo with a 30 year fixed conventional…
Are there private investors in Denison that will purchase a property I'm interested in and rent it back to me?
-- This question was asked from this property: http://www.trulia.com/property/3047838275-225-W-Heron-St-Denison-TX-75020
I have been working in my field for 17 months and went to school. Will I be FHA approved?
I went to school for HVAC from Jan 2011 to Jan 2012 and have been working at a propane company since Dec 2011. Will I qualify for an FHA loan?
If my mortgage company gives me a short sale and I have to pay a note .. Does that mean that I could get a 1099c after the note is paid off . To me
That note means the 2013 deadline would not release me of a deficiency. I looked up my lenders short sa short sale package and it had a spot to check off for a note could be issued and it also had a spit…
I just read with the law extended to 2013 for short sales that banks are not required to issue you a deficiency. Does that mean a bank can refuse to?
Give you a short sale unless you have a note and in that case you are on the hook for the entire mortgage at some time in the future if they want to peruse the remainder of the mortgage. I consulted a…
Construction loans - completion date slipping - what happens?
We partially built a home with our own funds. We then took out a construction loan to finish it. The construction period is for 6 months then it will convert to a mortgage. Our builder is not showing…
I'm looking for an Oklahoma Mortgage Broker?
I have a client with 9 investment properties to refinance on HARP 2.0. I am looking for an OK Mortgage Broker to work with on this. Please contact me through my profile if you are licensed in OK and…
How can i renegotiate my mortgage?
are there any programs to renegotiate your principal as well as interest ? i am not in default, have an excellent credit score . i have a loan from bank of america that was bought from countrywide.
I have to file separate married because my wife has assets and I need to do a short sale . The property is in my name. I need to do this for
Showing I am insolvent. If my wife has a 401k in assets, do they consider half of that as my asset in my return. If they do I may not be insolvent and then cannot -afford to do a short sale. Any recommendations…
I AM UNDER WATER WITH MY HOME SOMEONE SUGGESTED HARP INSTEAD OF A SHORT SALE. I HAVE AN 80/20 MORTGAGE. CAN SOMEONE TELL ME ABOUT HARP AND WHAT IT?
IS ABOUT. ISN'T IT SOME KIND OF RE-FINANCE AND YOU CANNOT BE UNDER WATER WITH IT...THAT IT IS ONLY TO RE-FINANCE IF YOU HAVE EQUITY. SIMILAR PROPERTIES ARE SELLING SHORT SALE FOR IN THE 60'S…
See below l looked up harp on the govt site
I looked at harp and it looks like it just reduces your payments and not your mortgage. Is that true?
Any web sites available of present or past sales in my area of short sales?
Where can I see present short sale listings in my area boynton place circle boynton ? Is there a web site?
I have been looking to get a HELOC, but have been turned down by 3 banks (including my own mortgage company) due to a high DTI.
I have a lot of equity in the home, but due to a recent employment change, my DTI is not "favorable to the lenders. I want to use the HELOC for debt consolidation and a little breathing room. Can anyone…
If I finance a foreclosure property for a friend who has bad credit and 0 down, can I charge a higher interest rate?
For my protection, I will be working through a loan maintenance service at my local bank. The current low 30 year conventional rate doesn't allow me to recoup my investment for 17 years. I don't…
I am questioning the legality/ethics of a seller's agent I am dealing with who wants me to switch lenders to her preferred lender. Yikes!
I am preapproved through my credit union for my mortgage financing, but the seller's agent says she won't accept my offer unless I agree to switch to her/her client's preferred lending institution. Not…
I'm looking at a commercial/residential mixed use property loan. What are some good local lenders/mortgage brokers to work with in ROME?
I'm looking to find lenders that can work with less than 25% down for the mixed use loan(ideally 15 but 20% is doable)
Non-warrantable Condo Refinancing at 15-year fixed rate
Does anyone do refinancing on non-warrantable condominiums at a 15-year fixed rate in the South Loop? Building Facts: High rise building with 208 units; Developer owns 33 units, all of which are…
Refinance with current lender
I am refinancing my home, and the good faith estimate changed after the appraisal came out. The loan officer told me before I started that as long as the appraisal came out to be $570k or above, I should…
Hhorrible credit but I have the down payment for a house
I have horrible credit but I have the down payment for a house and I have been employed for over 10 years now at the same place. Would the bank even consider giving me a home loan with my bad credit? I…
If I make my "second home" my primary residence after signing 2nd home rider, will I be in default? Husband decided to retire sooner than
expected. My husband I bought a second home in Grass Valley with the intention of eventually retiring there. A few weeks after close of escrow, my husband was diagnosed with cancer, so he is retiring sooner…
Can I get a new rental income approved if I have a 2 year lease on the property and need to purchase a new home due to a job relocation.?
We just moved from Florida for my husbands job and are trying to purchase a home. Our house in Florida has only been rented since 4/18/13, but we do have a 2 year lease. Is there any programs that would…
Rental Property Mortgage? Do I need it? Does it exist?
I am buying a home in Maine, that I will use as a vacation home for a few weeks each year, but more then 60% of the year it will be rented out to others. Does anyone know if I need a special mortgage…
The appraiser messed up our appraisal FOUR TIMES. We may miss our closing date because of this. Can we sue?
She stated that there were 0 bedrooms and the bottom floor of the home was below grade (false). She admitted she was wrong but proceeded to have errors in each of the revisions. It should have been in…
How do I get a $40,000 mortgage in Florida to buy a 2bedroom condo at Century Village - Boca. I'm a first time buyer - senior citizen moving
from Michigan. Do I have to put 20% down? What's the best rate & for how long? Approximately how much should closing costs run? How do I get an inspection done? What else is needed before…
Had a short sale 26 months ago. Looking into buying a condo in the Natomas area with 20% down. Is there any local lenders that will give a loan?
I know the Fannie mae guidelines allow for purchase after 24 months with 20% down, but called a mortgage company and they told me that due to the people that buy the mortgages being leery of previous short…
I live in a condotel in Hawaii and would like a reverse mortgage. Where to look?
I know that FHA does not prohibit reverse mortgages to condotel units so why are banks so reluctant? FHA basically guarantees the loan so what's the problem??
I HAVE A 80/20 LOAN I WANT TO REFI. MY BANK NOT HELPING ME AT ALL. THE 20% ADJUST DEC OF THIS YEAR. THE 80% IS OWNED BY FREDDIE MAC. WHAT CAN I DO?
I KNOW MY VALUE WENT DOWN. I AM CURRENT ON MY PAYMENTS BUT I NEED HELP. IS IT POSSIBLE TO GET THE 2 MORTGAGES COMBINED IN A 30 YEAR FIX
How long does it take to be approved for a loan?
With approval rates dropping, does a lender take longer to consider the candidate now-a-days?
I've been trying to Modify for 5-6mo's w/ Indymac, now they want me to apply 4 HAMP, sign a 4506T? but I am Self-Employed and reported low
income... Less than what I pay out in expenses. What should I do? Because when I bought the property in2005 I had to go STATED!
To be approved for a loan: what documents I need to submit to mortgage lender ?
My FICO 820, down - 25%, $400,000- loan. Looking for a single home in Ventura or Camarillo. Can someone to assist to obtain 3.25% 30y conventional mortgage. Thank you, YL
I was pre-qualified with a reputable bank in November. I recently found a home, had the inspection and I'm ready to sign the P&S. I did a
credit check on myself last night, just to be sure, and wouldn't you know there's a new negative mark. My credit card copmany reported that my scheduled payment is $303 and I only paid $300.…
I currently have 5 mortgages. (1 primary home and 4 investment properties). I need to find a lender that will lend up to 10. Do u guys know of any?
Fannie Mae/Freddie Mac regulations allow up to 11 mortgages (1 primary 10 investment properties). I cant seem to find a bank that is willing to do this, however.
can equity holdings count toward mortgage eligibilty?
Where annual income, retired, is only about $120,000 making it difficult to qualify for second home mortgage, can equity holdings of near $1,000,000 be factored in for qualifying for new mortgage on…
I own a home in Jackson, MS and currently owe 48,500. What are my options for refinancing since most lenders will not loan under 50k? Credit score 760
The current interest rate is 7.125%. I've owned the home 5 years. I am looking for options to help secure a better interest rate and possibly bring the loan to a 15 year payment schedule instead of the…
Looking for an Real Estate Agent who has completed Seller Financing Deals
I'm a new investor looking to buy properties with Seller Financing. I've had trouble finding agents that have experience using this or I have received the answer that no one is doing this anymore. If…
Changes to gfe interest rate
I am refinancing my current mortgage. We received a gfe saying that rate was good until April 28. The rate listed was 3'5, the current market rate is 3.625. However, now & we go to lock in the rate we…
Any lenders out there willing to loan to Canadians for investment Real Estate in Arizona? I have clients...
Contact Kevin Wilson text/call 480-252-2272 kevin@brewerstrattonpm.com
i live in california where can i find a lender that offers financing for FHA construction to permanent mortgage!!
ive asked all the fha approved lenders in my area and they do not respond! i have already been prequilfied for fha loan. what lenders in california offer this type of financing please help thank you!
50% down, no credit score.
I have a buyer client with 50% to put down but no credit score, no previous credit history (no collections either)... any lenders or lender recommendations in the Ohio market?
what is the smallest size you can build on a lot for a house in Welaka?
-- This question was asked from this property: http://www.trulia.com/foreclosure/3117283844--Happiness-Dr-Welaka-FL-32193
what are the consuequense if we default on a deed o trust home loan that orig. mortgage was assumed by my mortgagor and then sold to me with a second
we purchased a home from the lending group out of Austin they financed. We found out later that they assumed the orig. loan and sold it to us with a second for their profit. We have a balloon note due…
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