Are any lenders still providing stated income mortgage loans? What general interest rate increase are we looking at with credit score of 770 ?
his name I have tried refinancing and I have been told I have to get my credit score up to 620 or higher. I have a collection against me which I have started paying on and I owe $214 in state taxes which
Our development consists of 32 units under a Declaration of Condominium that goes back to 1986. We don't appear on the FHA Approved List but have not has any problems in getting FHA loans approved
There is a house, which on appraisal is actually more than its asking price. So if house is listed for 400k and appraisal is at 500K do I get to keep extra money i.e. roughly 100K for my personal use/investment
We are eligible for a VA loan. Found an REO and they finally accepted 100,000 for home. We need about 11k for repairs to home and appliances. Can we get the 111,000 from a VA loan pay 100,000 for the
the appraisal came back at $140,000, less than what I owe, $2000 less. My question is even though technically the loan was not denied but rather I shut it down because it made no since to try and refinance
Hi there, I'm an Australian resident and am looking to invest in the Denver property market. With the GFC, it seams that there is very little in the way of options available for mortgages to foriegn
Gross monthly income 7916 a month, credit score 750 , 10% down, 10k savings reservers/40k Iin a IRA/401k Will a FHA Loan get approved with 41% PITI and 45% DTI?
had a lot of discouraging information and none really seem to be applicable to me or helpful. example: teacher next door program only works with HUD homes and only in the zip code of your school, which
i was renting this house when the owner/lanlord fell behind payments. she needed money so she offered to deed property over in exchange for cash. my wife and i thought it would be an inexpensive way to
I know that a loan officer needs a lot of information before approving you for a loan. Most of the information is pretty clear cut (income, employment history, credit), but I am not sure what is needed
A few weeks ago I applied to refinance my home and had the credit score and income to easily do it. I was ignorant however to the fact my home could not be for sale and it never came up in the conversations
Both 1st and 2nd with Suntrust mtge..They will not re-fi or do principal reduction. Both are interest only. I want to stay in home but re-fi to current market value with a conventional mtgbe. I can doc
I am closing in Febraury 28, the committment has to be by Jan 30, I need more time to save the rest of my down payment which I am using my payroll and extra income from a second job, but wont have the
I understand it is a difficult time to get a home loan, especially for a foreigner. I have bought 5 investment properties lately in Missouri with $800 rental income for each property. So my first question
Anyone have any experience buying discounted "secured first trust mortgage notes" as an investment or know where I might get more info? My brother was looking on the net for real estate auctions and mentioned
Bad credit from our prior marriages followed us and traditional lending is not an option right now but I hate to rent for years while we improve our credit score. any suggestions?
Hi, We are purchasing a condo in middlesex county, i'm trying to get an idea of how much we should put for the dwelling in the home insurance contract. One agent said 20% of the condo's purchase
I know there are government programs out there that can help but have no idea where to look and need help.
I am aware of the rate lock language in my contract with the broker. What I am looking for is what part of CA law or Federal law governs rate locks. Specific agencies would help as well
He wants to purchase the home for his personal use and told me that the house could not be financed because the property is unique and doesn't have comps. Then he submitted a back up offer to purchase
I was told all cash would make my offer strongest . But don't I have to wait for 6months minimum to get a home loan after I move in? Is it true if I do that I will not be getting the best interest
I'd like to have an understanding of points and how they work
denied? The lender said it was because I have less than two years of taking a salary, so they won't allow that as income. My biz is profitable and has been for years, but last year I decided to also
I make 31k a year and 2,000 extra a month from the same employer. I have been told that I have to wait until I have 2yrs. of w-9 income. Is there anyway around this?
We are getting a fha mortgage. Purchase price is $153,600, interest rate 5.25% discount points 2.0 and we need to come with $8,500 cash at the closing time. We leave in Riverside county Ca. Is this sound
which of the following are included in debt-to-income ratio? student loan payments child care payments gym membership car insurance 529(b) contributions credit card payments (when credit card balances
I intend to occupy 1 unit myself....i am interested in properties with 2-4 units. i have a good fico...800 or - a few points depencing on the reporting agency. I also have verifiably income to qualify
When looking at mortgage rates and calculating payments, do you look at interest rates or the APR rate?
first home. Thanks in advance.
I bought my first home last month with FHA financing. My plan was to rent this house out once my one year of living here is up. My PITI payment is only $1,074 and the same floor plan in this neighborhood
I am recently widowed, and now a displaced homemaker. I want to relocate back to my home state to be near my family. I will not be able to get a mortgage loan, and want to pay cash for a home, but am looking
refinanced our home. Do mortage companies offer loans for 30 years on $25,000 in the area of smallwood, ny
I need to re-fi in order to remove my husbands ex-wife (by court order) and now I can't get any bank to do it. We are so close. Is there something that I should do to the house to help with an appraisal?
we are trying to close the deal faster, close on the house, put renters in, then refinance if possible through a bank. Is all this possible? Or should we just make an offer, go to a bank, and start the
We want to purchase a new primary home. We are currently renting out our current home (financed by FHA). Does HomePath count the rental income or do they only see the loan as a second home and require
500k mortgage on 800k single family home.
hurt? My husband and I have rented for the last 7 years paying over 32k to the same landlord. For the last 2.5 years we payed $600 a month. That is were we want to stay, $600 for the mortgage and home
How have you successsfully used a reverse?
for a successful person or company with for sale like especial handyman, ungly houses or that can get hard money loan, rehab loan, who knows and understands the in and out on real estate invest, It's
I am upside down in my home - around 40k. I have great credit, with no cc debt, no car payment, and I have about 20k in savings. I have never been behind with payments AND I don't plan on walking
I'm currently refinancing with a broker. My loan started out as 125% LTV du-refi plus, then it changed lender with MI, then changed again to 80%LTV. I'm paying it down to 80%LTV at closing.
I am reading with the FHA changes the down payment is now 3.5% instead of 3%. I am also reading prior to these changes, a seller could only pay 6% of the buyer's closing cost and now it has dropped
I dont understand what this is.
I know this may sound stupid, but why does it take so long to pay of a house then a car? Can I get the same kind of loan for a home as a car, and paymy own taxes? I just dont understand why so many yrs
Is a 203K reflected in the sales price? for instance, if i buy a house for $60K and get a 203K loan for $30K is the sales recorded as$60K or $90K ? thanks!
I purchased a home becasue my parents gifted me the amount of $70,000 to purchase a short sale property for $45,000 and I need to take a loan out the will repay them the $70,000 but I have only lived in
payment. How hard is it to get a mortgage with a fico score of 636 and this history? My income/debt ratio is excellent and we are looking at a 80,000.00 townhouse.
should be good in about 80 more days so would I qualify for a loan in the amount of 50-75 thousand?
my name joe parsons email@example.com
I am in the process of buying a home with an FHA loan. I've been told by a co-worker that my payment will go up any time I get a pay raise. I understand that if the taxes or insurance amounts change,
physical search w/realtors? My husband is partial to the Warsaw area, but I am looking at an area that is more welcoming to us "both". ??
How does age play a role in mortgages? Would an elderly person that wishes to take a mortgage on a potential investment property be penalized even though they have a portfolio that has more than enough
I've read some things on forums that are disturbing.
I took a voluntary transfer for work from Montana to Utah. I am renting out my prior residence for $1,235/mth and my PITI is $900/mth on that house. However my LTV is around 88 percent. I started renting
- Looking for low to no doc. Open to full doc as well. - Interest rate not as important as ease of funding. Inother words, if you can make it easy, I will pay a higher interest rate.
This is in California.
We had a full bath added, a custom bar built, a theater room area, a separate laundry room and tile floor throughout. Permanent ceilings, not dropped. When I look online at these websites (e.g. zillow)
I've been told that this is conventional financing. It would actually be a HomePath Renovation mortgage with approx. $4-$5K in repairs. Do the repair costs get rolled into the loan? Also, can you
I am living abroad as I have to help my sick mom. I have SSN. What opportunities for real estate financing i have in the USA? Rina