Financing—questions & answers, advice and opinions page 55

Need advice before I apply for a loan...
I'm hoping to apply very soon for a loan to purchase my first home, and was hoping someone could offer a bit of advice. I've got my income tax refund coming back in a couple of weeks, which…
My husband & I are wanting to buy a doublewide mobile home on a basement with 1.69 acres. We need financing
Our credit scores are low and as most know, finding a mortgage for a mobile home on land is not easy. Any help would be awesome
Do I have to put my wife on the mortgage, or can I just use my name?
-- This question is about this property: http://www.trulia.com/property/3091178266-5989-Deer-Springs-Ln-NW-Acworth-GA-30101
My fiancé, whom I have live with and share children with is about to by her 1st home. I will not be on the mortgage due to my credit issues.
However, I would like to gift her between $500 -$1000 towards a downpayment by giving her 1 or 2 of my paychecks. My question is 1) can I give her gift money and 2) can I give her money order (s) and…
Looking to Refinance - any reliable/honest recommendations?
Looking for a good agent/direct lender to refinance my property (currently 26 yrs remaining with $383k balance, @ 4.74%). I have a 2nd mortgage for $30k, 26 yrs remaining (used to when I first bought…
Will opening a new line of credit be beneficial or detrimental?
I am planning on filling out a mortgage application within the next few weeks. I currently only have one credit card with a $400 limit. My credit has been steadily improving and I have now received several…
I am one of many heirs to land in Toombs County, if I wanted to purchase the land.
I need to know if there are Farm land loans available? How much down payments, if any, and does the govt. offer a 100% financing?
hi my husband and i are looking into buying a home my credit score was 626 and his was 608 when we talked to a loan officer a couple weeks ago.
since then we have settled with two debt agencies so that should either come off our credit or at least showed up as paid.we also have a credit card in each of our names and a loan we are paying off which…
What kind of rate can we expect for a primary residence loan?
Hi- It's been exactly 2 years since my wife and I discharged a chapter 7 due to wife's work accident- she is on Social Security disability and LTD. We are soon to receive a 85K WC future medical settlement…
What is considered a second home, for financing purposes?
I want to purchase a home in Georgia due to the low housing prices in the Atlanta area. The home is for approximately 50k. I live in another state with family with no rent? I also still work in Alabama…
Financing 50K and under...
Has anyone used and successfully closed a transaction with a loan officer for less than 50K? If so, please provide their information...This will most likely be a HUD home FHA transaction. Thanks in advance.
Home purchase with low or no downpayment
Looking to purchase home with low or no downpayment. Strong income history. 641 median score. Do not want to ask anyone for money.
Am I getting a good deal on my FHA refinance mortgage? Can someone analyze this?
Under Part A on the GFE, 1. Our origination charge $904.95 2. Your credit or charge (points) for the specific interest rate chosen (-)$2746.49 A. Your adjusted Origination Charges $1841.54 Loan…
What kind of down payment does one need to obtain a mortgage with no credit history?
We are new to the United States, looking to buy a condo in Atlanta. What kind of down payment is expected to get a mortgage under these circumstances? Have permanent residence status but no credit history.
Needs pre-approval letter today!
Is there any possible way to get a pre-approval opinion letter today? I have all the financials ready.
I am 8 points away from qualifying for an FHA loan in Georgia, and it is based on income from what I understand. I am also about to become married...
Do I have to apply for the mortgage with him jointly, or can I apply only in my name, since he will not be living in the home and has bad credit? Also, he already has his own home and we will not be cohabitating?…
Is it possible to get a mortgage before I start working if I have student loans?
I received a MAcc degree from UGA. I have a signed offer from a large accounting firm in Atlanta. I have around 20k in debt and just got my first credit card two months ago. I want to have a house by October.…
I am recently divorced and am relocating to the Brighton area. Looking for a house for my kids and I. Buy or lease? How to get approved???
Retiring from the military and am trying to sell my house that I am in but it's not selling. I must move and start over with my kids but having a problem getting a loan because of the curent house…
I requested a rate lock confirmation as well as a confirmation for an extension from my broker and she said she can not get that information.
When I pushed the issue further, she responded with the following. "There is no paper trail on the lock confirmations/extension. It's not like the old days when we would fax in a request and a confirmation…
FHA Streamline refi with less than great credit scores - does anyone actually do this?
We would like to refinance our current FHA mortgage and were advised by a lender that streamline would be best as our house appraised for less than the payoff, but were then told our credit scores of 601-667…
Is their any lender out there that will lend to a sub-par credit borrower?
I am a real estate agent but recently went thru a nasty divorce and needless to say my credit score took a beating. I may be able to get liquid cash of 20% of the buying price from a family member but…
I have a warranty deed putting my name on the deed. My husbands mortgage does not have my name on it, it was from his and his first wife who passed
away, It was my understanding that warranty deed has been throughly checked and valid, but now I here that it is illegal to have a name put on a deed with and existing mortgage on the property. Is that…
Mortgage qualification: "monthly credit card payments"
I'm thinking about buying a home and am just trying to gauge what I may be approved for. On the online calculators I see that the "monthly credit card payments" is looked at and used to determine debt…
Can someone with an ITIN # get a loan?
FYI from Chicago Mortgage: We DO NOT do ITIN loans. This has been mentioned before a couple times but we keep getting flooded with phone calls on a daily basis. We can do loans for people with acceptable…
I have a just over $100k in business credit cards and want to take out $30k to buy a residential property.
Hi, I have a just over $100k in business credit cards and want to take out $30k to buy a residential property. They all are new accounts so I have 6 months up to 12 months of 0% interest. Any suggestions…
How to get approved after a short sale on an investment property with no missed payments, and a perfect history on my primary residence?
I have the following situation and need to know if I will qualify for a loan or when I will qualify. I previously purchased two condos in St. Petersburg, FL in 2006. I foreclosed on one in May 2010…
Looking for Portfolio Lender for 2-4 Units non owner occupy for Los Angeles area property. 1/6/2013
Want to purchase 2-4 units Los Angeles area. I do not qualify for conventional loan, because my total loan to vaulue is too high. I have a high Fico score. Is there any portfolio lender that will lend…
What is the different between apply CALHFA to approved lender and apply through mortgage agent / brokerage?
first time buyer and with budget 500-650k house, 5-10% down, FIC0 scores over 760. Thank you and appreciate any anwser
House is 66% underwater. We can afford payments. Would love advice on best exit strategy?
Hello, and thanks for any good advice! We bought our home for $160K in 2007 and it currently Zillows for $54K. We have very good credit, no late payments. We are paying about $1000 a month of interest…
Can I get a multi-family VA loan... using a combined income.
My daughter and her family and my wife and I are considering buying/building a 2 family dwelling! It will be one dwelling, but designed like a duplex. They will live in one side and we in the other! My…
Hello, Would it be possible for a newly qualified veterinarian to buy a coop/condo in brooklyn before I find a job?
I am tired of renting and want to buy property asap after I graduate. Is this possible or am I just dreaming a dream? credit score 686, with $30,000 saved for down payment.
Jumbo Loan - three tradeline rule?
I'm a first time buyer shopping in an expensive area. We are shopping for a jumbo loan. We have great credit scores (both have middle scores 790 ), 20-25% down payment, and sufficient income (the…
Private mortgage lenders in Chicago NW suburbs
I am an investor and I have a HUD contract signed. The conventional mortgage didn't go thru due to running water and kitchen issue. This property is not eligible for HomePath and other loans . I…
Are there any Hard Money Lenders in the Macon/Warner Robins area?
Not interested in any conventional loans.
Who will help me to resolve my High Balance loan? I have 1st and 2nd FRM. 1st balance is 576K and 2nd balance is 72K?
I know the rates are pretty good now a days but my home value( Irvine, CA) is showing me in the range of $660k- $690k. My FICO is excellent around 780 and i do not want to miss this lower rate opportunity…
Funds for refi on 2 houses in GA
Looking for funds to refinance mortgages on 2 rental property houses in GA. Loan to value is 50/50 on each, payoff is 35K we have 5 mortgages, excellent credit. will consider private investor. willing…
Conventional loan refi, going from 5 year ballon to 30 yr with 20% down. Is there occupancy time requirement before we could sell the house.?
Asking this question because we did try to sell the house last year but didn't get any bites so decided we better refi while rates are low instead of waiting until the last minute ( date balloon is…
Employment history for FHA loan
My loan office said everything is good other than my employment history. I dont have any gaps in employment but i switched 4 companies in last 2 years for higher pay. I am just 7 months with my current…
Wondering if you know of any portfolio investment financing
We own a portfolio of over 10 single family homes with long term leases. We are trying to close another property asap and wondering if you know of any portfolio investment financing banks/companies with…
Bank of America Appraisal Issues - Landsafe
The first appraisal came in 35K less than contract price and was exterior only. BoA, to their credit, paid for a second appraisal since a home purchase needs an int inspection (duh!). The second appraiser…
can you use the first time home buyers 20% down payment assisstance program with a 590 mid score?
I currently have a 590 mid fico with no foreclosures or bks and I want to know if there are any fha programs that I would qualify for with a 20% down payment assisstance. I am looking for a purchase of…
Any recommendation on the cheapest HO6 condo insurance policy providers for California?
The only reason I need this is for refinance, for 20% of property value - which comes out to about $110K. I'm not really interested in peace of mind issues - I sleep well at night without it, but I can't…
Looking for lenders of VA mortgages for someone who has had a short sale in the last couple of years. The co-applicant has excellent credit. Carla
One applicant is a Veteran where as the other is not but this would be a joint mortgage application.
How much money will I need to put down to buy a house or condo with no income verification? Currently a student but tired of renting.
I receive money from the VA to go to school, but am not working and currently do not want a job. My credit is good. and I have assets. Looking for a house or condo in the 80-100k range.
Can proceeds from selling jewelry be used as down payment?
Amount is about $ 20,000 and what sort of documents should be provided?
Is it possible in today's mortgage market to get 30yr fixed interest loan with 4% interest, by only paying 5% as a down payment.?
Hi there, We are wondering should we buy a house now, or wait a year to save for a better down payment risking higher mortgage rates and house prices. To be more specific, what I am trying to figure…
Rental options while in Chapter 13?
I am currently in Chapter 13 bankruptcy and need to move in the summertime, June/July of 2013. Some landlords I have talked to want to see the bankruptcy discharged but this may not happen by then since…
What are my options if my family is growing and need to buy a second primary home, i currently have a condo w fha loan. I have great credit, dp 15k
I can put 15k down, and wish to rent my current home, i have a home i own in banning ca, i currently rent as well, had to put it to rent since i relocated for my job. thanks in advance
Need a Commercial Mortgage Lender in Las Vegas?
I am looking to buy few duplex, fourplex and or small apartment building. If any one do financing this kind of commercial property's please give me a call. You can reach me at (702) 769-4808
If I stop my mortgage for 3 months, What are the chances of refinancing or modifying my loan if I do have equity in my house?
I am having a hard time making my mortgage payments. I've been thinking about stoping the payments, saving some money and refinance to lower my interest and perhaps getting a to 40 yr loan. My concern…
First time home buyers, 2 co-applicants, rebuilding credit, long job time
Is there a place that could help us get financing? We are an unmarried couple, I am just now establishing credit, his is a bit tarnished but not horrible. I have 20% of my purchase price available for…
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