Financing—questions & answers, advice and opinions page 92

I just wanted to know if there are possibilities for motages to be approved for people with less than perfect credit. I pay rent and have for years.
This so called condo property in hamden on milrock road has been listed for awhile and I just wasnted to know?
loans for owner commerical property
I live anv have a own a business on commerical property that I need refinacing on
Is it possibly to buy two properties at once both owner occupied ?
Some loAn officer said it's possible but I just wanted to make sure if that is possible?
I pre-qualify for a mortgage and place a bid on a home. I was not told until after I placed a bid that I would have to put 6 months of property
taxes and 1 year of home owners insurance in an account for the time I owned the home and would get the monies returned if I decided to sell. Is this legal? and Who is getting interest or benefit from…
Any mortgage companies looking for loan officers?
I have a some experience from a few years ago but I am looking to get back into it. I have a full time job but wish to START off part time to build up clients! Please anyone let me know of any company…
We want to move from NJ to VA. Both leaving jobs (current employer 9 yrs& 5 yrs). Selling NJ house.VG credit.Can we get a mortgage in VA w/o new?
jobs? My husband has been at his current job for 9 years. The owner is retiring and sold the business. My husband will be laid-off next month. I've been at my current job for 5 years. We will list…
Looking for a lender anywhere
that will possible accept less than a 2 years employment history on a 37k home loan. isabel@elsesser.com - 770-307-8751
As long as home is for sale in a USDA approved area can a USDA loan be used to purchase?
Can any home in a USDA approved area be eligible to be purchased with a USDA loan? For example, if on a home listing under finance is only says "Conventional, FHA, or VA", they do not accept…
Are the Title Company fees for a refinance more than for a regular purchase? (excluding Title insurance)
What fee would a title agency charge for a refinance that would not be charged to a buyer in regular home purchase? (excluding title insurance) Which is generally cheaper: refinance Title company fees…
Question to Loan Officers and Mortgage Brokers. Do you find the lending restrictions these days affect adversely the housing affordability. Elaborate.
Realtor Magazine Published today, "While today's report indicates that home ownership is within reach of more households than it has been for more than two decades, overly restrictive lending…
Can you recommend a CPA or advisor in Denver area who is familiar with buying real estate in a Self Dlrected IRA? We are retirement age.
We need a personal analysis if it is best tax wise for us to draw out funds & pay taxes now, or use a self directed IRA & the rental income goes back into the IRA? We don't want someone to…
I am in process of refinancing
I am in the process of refinancing and I locked in on 4th Jan at 2.625% for 5/1 ARM (APR is about 2.745). The same institution now has it available for 2.5% ( 1/8% less). I asked them and they said…
Feasible idea to lower interest rate?
I currently own 2 properties: 1) one with a 30-year fixed 6% interest rate that is underwater, and 2) another with is free and clear. The first one is underwater partly because of the market, but also…
Total Estimated Funds needed to close - does this always have to include the additional down payment needed?
We are closing in 4 days on a short sale (FHA) high loan balance of $492 k. We believed our amount in the Estimated Funds needed to close worksheet total INCLUDED the additional 13k down payment that…
Does anyone have the name of a loan officer (No mortgage brokers, please) that will respond to my questions/emails in a timely fashion?
My current Wells Fargo guy takes a week to respond, and that's only if I keep re-sending the same email over and over. I'm ready to buy a house and I have all of the paperwork needed for underwriting--…
Is 199,000 a good price to pay for a 5 unit?
with individual heating and taxes is 5,127 a year and expenses is 5,038?
what items in a real estate sale counts towards a downpayment?
I know ernest money counts towards the payment, but what else pays down the the downpayment?
If lowering rates are not really making a dent in buying, why is the federal government pursuing this strategy?
Rates are the lowest on record. Would new incentives from the government improve the dismal response seen so far? Check out: http://news.yahoo.com/rate-30-mortgage-falls-record-3-94-pct-140252887.html
We have excellent credit. We want to refi from a 30 yr. fixed to a 15 yr. fixed, obviously to cut int. rate. Any 100% loans available? No PMI ins. now
It seems our LTV ratio is still relatively high, although we currently do not have to carry PMI anymore. Any suggestions about Programs that may be coming to help folks like us...responsible...great credit,…
Who provides Form 1098?
New home buyer: My loan originator was Investors Savings Bank (Investors Home Mortgage) and sold to Fannie Mae. Investors Home Mortgage told me Fannie Mae would provide me with the Form 1098 for the interest…
How long does it take to close once your loan is finalized?
My USDA loan is going for final review today, my lender said we should be able to close tomorrow once we get the final commitment back , I just want to get other's opinions.
Thank you everyone that has answered my question BUT I don't need a mortgage broker , I need a Portfolio Lender.
If anyone lives in NYC and has experience working with a Portfolio Lender, I would like to know who they are, please make a referral. Thank you. Marcey
I'm interested in purchasing a townhome in Homestead, FL. But the broker I've been working with says they only do 70% for condos. Is this?
normal? If this is true, are there any differences between condos and townhomes as far as financing? Also, the TH I am most interested in does not have any HOA fees. So would it be even more difficult…
Does FHA still allow 6% seller concession?
I heard it went down to 3% is that true?
what kind of grants that is available to purchase a home?
low income, and disable, wanting to purchase a home fannie mac with a grant most of the amount, home is $49.900.
I would like to purchase a home in arizonia but not move there until I retire in 5 years Is this possible with VA Also looking at short sales,forclos
the areas i am looking at are williams,kingman ahwatukee. My bother,sister,nephew and niece are also interested. So any financing ideas would be welcome
I am on title only, not on the loan in Calif.. If my husband dies do I have to qualify for a new loan? Can I just continue to make the payments?
I was always on title for 10 years. Refinancing now with only husband on loan. I will go on title with quit claim deed at closing. If husband dies do I have to get my own loan? I will not qualify by myself.…
Question regarding taxes and pre-paids
I have a question regarding what I'm going to need to bring to closing. We received a GFE from the lender we are using. In the total settlement charges, it states that the "initial deposit…
any chances to get aproved for a homepath loan by myself?
My wife foreclosured on a property she bought before we got married. My name was not attached to it at all. I dont qualified for a fha loan because they have to run her credit even if she is not going…
Is it worth it to Re-Finance.?
Should I re-finance my primary residence – Current rate of 5.375 %, excellent (prime) credit current mortgage payments are paid and current through July 2012. I do enjoy the comfort of the paid…
We are currently under contract and expected to close Feb 24th on a property built in 1949. We were informed today by our lender that in order for our
FHA loan to be finalized, some outside paint needs to be corrected. Who typically pays for this sort of remedy? The buyer or the seller?
WHAT DO I NEED TO GET PRE APPROVED?
I WUOULD LIKE TO BUY A PROPERTY. IT WILL BE MY FISRT TIME AND I HAVE NO IDEA WHAT TO DO.
What can I expect right now regarding financing a second home purchase in the Panhandle? Would be looking for a 30 year fixed loan.?
I am curious about what banks are allowing right now. The home would be used as vacation rental property. Is there a minimum percentage down they are requiring for second home purchases given the housing…
Appraisal Value
Is a new appraisal on a house bought less then a year, affected by the purchase price (REO) Thank you
Which is best block in town for local business?
Please help us out for doing our job there...?
I'm a Mexican citizen and recently transferred with valid SSO and permit to the US company where I work, they granted my tenure in the company (20
years) but I don't have any credit history in US. I only have checking and savings accounts in USA where I receive my company payment. What should I do to get a Mortgage loan, as I don't want to be renting…
How solid is a bank's "loan commitment"?
I've been told that as long as you get a loan commitment prior to closing, you are good to go. This is assuming that absolutely NOTHING changes in terms of your financial situation, job, credit score,…
Mortgage Brokers and Lenders. Have investors looking for SPECIFIC financing information for short term 12-18 mths for Fannie Mae bulk (5 ) homes buys?
We have several investors looking to by 5 or more homes at one time and rehad to "Market Expections" and sell in 12-24 months and or the new Fannie Mae bulk purchase program for long term rentals.…
I want to re-fi my home and put the cash down to an investment property. Is this allowed? Can I get down payment assitance on the @nd home?
I believe I'd have to put 20% down on the second home and the equity in my current home might not be enough to cover that. What are my options?
Wells fargo Underwriting turn around time
I have submitted all my paper work to LO. She came back and said I the UW will release my approval if I can get someone to Gift me the $1000 which I did. Submitted their bankstatements and the gift letter.…
We are moving to Nampa/Meridian by April of this year and want to buy a home. Can I obtain a mortgage when I own (and am renting out) a home in Iowa?
The home in Iowa will have new renters in March who plan to sign a 2-year contract. The previous renters were in the home for 1 year. Our credit is excellent.
Need info on 203k Programs...
I have a client looking to get 203k loan, they are approved FHA now and the home in question to purchase is a HUD owned home, located in Boca Raton. The client has a pre-approval letter... What is…
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