Usually FHA wants to see a credit score of 620. Even with a 620 credit score you will not get a favorable interest rate on your mortgage. A good credit score is 720. ... more
It seems you are taking out an FHA loan. You pay two different Mortgage Insurance (MI) payments with an FHA loan. An up front MI fee equal to 1.75% of the loan amount. And ... more
Simple interest is calculated only on the principal amount, or on that portion of the principal amount which remains unpaid.
Compoun ... more
That would really depend on your current loan amount and rate. You might need to take advantage of what is available now instead of waiting for something that might never appea ... more
However I understand budgets don't happen over night or have HOA speak with B A determine what wou ... more
My guess is that your real issue is not the condo hit, but that this lender is making you feel like they're putting the genie back in the bottle. Consider these two scenar ... more
I don't know about CA but here in FL we have a sellers disclosure form and that is where the seller has to write down all repairs and modifications.
And th ... more
My advises would be, yes, pay.
With interest rates being so low, 1. you are making an excellent decision to buy. 2. You are getting the lower rate than if your colle ... more
E ... more
There are two items here. We are talking about the Deed and we are talking about the loan. Therefore, regarding the loan if the HELOC is against your property and your b ... more
Good for you. It's a good time to take advantage of the tax credit. FHA financing should take into account your time you are off work. It's best to speak to your lend ... more
You could go hard money, but it will still be hard to get a hard money investor ... more
More than happy to answer any questions.
The first thing you should find out is the exact FICO score, more importantly, the "middle score". You actually have three different scores, one for each reporting company ( ... more
The management must know if the association is approved by FHA if not the lender can do a spot approval.