I bought an affordable dwelling unit in Feb 2010, and I was wondering if it's possible to refinance to a conventional loan so I can get rid of my monthly mi. The original appraisal came in at $380k,
I am looking to get financing on a condo which has a high % of renters as an investment property and need the name of an agent that does portfolio lending on investment property.
Townhome in quad unit
We own a home in Los Alamitos, CA and have been renting it out for the last 5 years. We live out of state in WA however we utilized a real estate agency to list, advertise and do background checks and
$575-600K later this year. I will be starting a job that will have my annual income around $225K, but I will probably only have around $25-30K to put down. My credit is excellent, scores in the 760-770
Posted on the Home Buying board as well... At least 6 months ago, there was a buyer on the property on the house we are trying to close on. The previous buyer decided to walk away but like us, was using
Borrower owns 30% of the corporation; venture capital backed company that started in 2010. Company started this year (no 2 year history of positive earnings) and thus there are only operating losses.
The bank said it has to be my primary residence for the life of the loan. I pulled out my documents and it says it has to be my primary for at least 1 year. I have lived there for 7. I bought it for my
Can the closing cost and lender fees be included in a conventional mortgage?
What are the disadvantages of having a cosigner on my home loan? I have heard that if they go bankrupt or pass away I would loose my house to the bank. Basically if they were to pass away the bank would
I am an investor looking for funding for a property.Can anyone help?
,wants to buy house around 300-350 in 85255 area,any advice would be appreciated. i do not want to pay 900 rent .
My husband and I net 6500 monthly and have 2300 in debt monthly, so we have the income to support both homes. I cannot get a home loan because my current FHA has more than 2 late pays in the last 12 mos.
My current lender keeps calling to do this, however it will cost me. What is reasonable? I have been paying an extra $200 mo. since day one.
completion, the property should be worth close to $2,000,000. Can you recoomend a construction loan broker or banker that specializes in these types of loans. I would want to convert the construction loan
I have two mortgages. the first mortgage is in the last modification process with a very low rate but the second mortgage is at 9.7%. I cannot find anyone that would help me with the second. 2nd $78000
royally he started the loan on April 27th Did the credit score in May and 12 other times after that to the point that our credit score kept dropping, he kept telling us we would have money in hand, bills
They want their fee up front and say they feel that they are sure they can get the short payoff but they can not guarantee it. They have pre-approved us for the refinance. This will allow us to stay
Most of the homebuyers we have worked with have used FHA to buy their first home with 3.50% down payment. I am wondering if the lenders out there know of any other program available for those who work
Bought house in 2005 for $265K with 2 loans: now $193K on 30 yr fixed 5.375% and $27K at 6.07%. No equity since house will probably assess at about $205. I do not know what to do. I can make payments
I have secure employment and make a good salary, but obviously my credit is damaged. I was involved in the recent predatory lending explosion, and simply cannot afford the house I purchased.
They have reported me for $5,000 on my credit report and I have NO idea why. No one answers their phones and as I've never received a notice, I've no account number. I found a fax number but
A two-family has been on the market for about 90 days. It's in a very good greater Boston location, price is significantly below market value. Essentially it's been in the same family and the
I am a first time homebuyer with good credit and just want to get a feel for what the average closing costs in my area are.
i am 25 dont have that much credit is it going to be hard for me to get a house i am just so sick of renting
Will mortgage rates slide back down or has that window of opportunity shut?! Who has a crystall ball? I was looking at about a half percent lower a month ago on my pre-approved purchase loan.
I have alot of debt to ratio but good credit I am also retired now so have less income looking for a lender to buy a home that is easy to get a home loan from does anyone no of anywhere
HELP! The Veteransâ€™ Benefits Improvement Act of 2008 removed the 90% limit. I currently owe 116,000 and the value of the home (estimated) is 122,500. This puts me at about 95%. Unfortunately,
Current lender's have been helpful and patient and are willing. The broker I have been using has not come through, is unethical and in the recent days, I've found 'criminal' charges
I paid for a very attractive rate lock as a buyer of a home and am heading into closing soon. Rates have risen a lot since I locked it in, and it looks like it may keep on rising. I am being very polite
My score is 525 b/c my pay/hrs got cut in half (struggled to keep up with payments, but I have all of my creditors on programs and getting on track. Now all of my bills fit in my current budget except
I dont own anything on the land. I have an excellent credit rating, low debt but because of being recently divorced my job is not 2 yrs old and i hae a 2nd job, p/t the bank is asking me to put 1/2 of
I know the general guideline is 28% of your income for housing and 36% for all debt. If you have no other debt, will a allow your total housing payment to be 34% of your gross income? Also assume excellent
I have 5.25% rate on my 250K FHA loan. My monthly payments including everything is $1,824. I have been paying regularly after I bought this house about a year ago. Do you think I can lower my payments
sign the papers, she said I have a condo and not a town home so the rate will go up to 5.25 . Is it fair lending practice ?
i wnat to buy a condo for 140 in ny and one for 40 in fla. i was approved for 217 fha. can i get the two properties at once? i want to rent the fla unit out
I have currently have two investment properties which having positive cash flow on one property and the other breaks even. I wonder if the properties are generate positive cash flow, will money earned
...but rather use it to pay down the principle of the mortgage what would be the necessary documentation and/or tax implications of receiving this money? We are thinking of using the CalSTRS 80/17 home
Would like to get a mortgage for the purchase and leverage at 4.5%, but I called 2 mortgage brokers in Miami and they both told me that the big banks are not lending to foreign nationals, even if they
Is the amount of earnest money standard throughout Connecticut? Our funds are very limited until we close on the house we are living in now. Thank you.
The loan includes a balloon payment that should be coming up sometime in the near future when the loan ends, but my elderly mother has no recollection of any details. The buyers are making payments, but
I currently work with a broker. She quoted me 4.125% APR 4.387%; 239 pymnts @1739.75; 1 pymnts @$1738.89. Broker switched lender; new lender emailed me their TIL showing 4.125% APR 4.525%; 25 pymnts @$1829.68;
My husband and I have attempted to refinance our home to get a reduced rate. Current loan rate is 6.375% and we locked in at 4.375% on our refinance. We paid $545 upfront to conduct the refinance paperwork
My mortgage is higher than my huse is worth-have been paying mort pymts on time-husband has died and ss for minor child will end in 5 month. Then I will not be able to afford to make mort pymts? Please
I bought a condo a year ago and recieved the tax credit of $8k that does not have to be paid back. However, due to losing my job, I'm forced to relocate with a new company. I do not want to change
I'm a RE Broker investigating options for a distressed homeowner. I'd gladly do a short sale for them, but don't want to hurt their credit if I can avoid it. They are not behind on payments
The new guideline is that they will look at your tax returns (Schedule E) for "net" income from your rental. Could you give me some examples? If we purchased a rental house on July and
I was just pre approved for a loan based on my employment and credit score, but I'd really like to relocate to another part of the state. Will I still be pre approved if I change jobs? I have been
Condo property is mixed income. The delinquent HOA fees could be related to potential foreclosures in the condo property and the high investor owned % is due to units owned by company for the public housing
I am relocating (by choice!) to Detroit (or Metro area) and I am struggling to become a first time home buyer. My credit is low due to identity theft. I have a steady career (5years with same company,
I recently purchased a home with a conventional owner occupied loan from northern trust. I think I may have underestimated the saftey issues of the area, and after moving in and now thinking I would like