Archive for the ‘Renting & Real Estate’ Category

What is a good way to get a mortgage loan for a first time home buyer with bad credit?

Posted in Renting & Real Estate on 10/21/2010 03:58 pm by admin
neworleanshawtie asked:


I have paid off all delinquent things on my credit report and all I have on there is my carnote and my student loan which are both in good standing. I still have a low credit score which is what is damaging me right now. Any suggestions of lenders or companies that can assist me with purchasing a home?

Ben
 

how long does it take to finalize a mortgage loan?

Posted in Renting & Real Estate on 10/14/2010 09:37 am by admin
baby boo asked:


I have already received my disclosures for my loan and the the good faith estimate. How long after receiving all these document do i receive documents that the loan has been finalized?

Alexander
 

do you think i ca get approved 4 a mortgage loan 4 135k if i make 25k and my husband make 28k. we have been?

Posted in Renting & Real Estate on 10/11/2010 12:23 am by admin
valcinn asked:


renting the home and paying the whole mortgage 1078 a month and now want to purchase the home.. we have no dept he has student loans 18k-20k but its deferred. i just dont want to rent anymore i would rather own being that we pay the whole mortgage anyway

Darlene
 

Whats the difference between the interest rate and the APR in a mortgage loan. How is ARP calculcated?

Posted in Renting & Real Estate on 10/10/2010 08:24 am by admin
Just the Facts, Ma’am asked:


Take for example a 30-yr conforming loan at 5.5 interest rate and an APR of 5.98. What does that mean and what are the factors involved in determining APR.

Phyllis
 

What’s the difference between doing a mortgage loan modification and a refinance?

Posted in Renting & Real Estate on 09/30/2010 11:12 pm by admin
Sweet n Sour asked:


Do they lower the rates by the same amount and charge the same fees?

Esther
 

How can foreigners apply for house mortgage loan in Washington?

Posted in Renting & Real Estate on 09/25/2010 04:45 am by admin
Seeker asked:


What are the bank requirements? Do banks need certain visa or just bank statements? And how long the do the process approximately take?

Milton
 

When applying for a mortgage loan do they actually check your savings balance?

Posted in Renting & Real Estate on 09/24/2010 09:55 am by admin
naughtee_kittee asked:


I know this is crazy but I don’t have money in my savings, but here I am ready to buy a home with my husband. So do the banks or creditors actually check into your savings and checking accounts to see how much money you have?
If so, I might have to wait and that will ****.

James
 

What should I do about my current mortgage?

Posted in Renting & Real Estate on 09/20/2010 03:26 pm by admin
Sandra asked:


I am currently tied up in a mortgage loan with my current residence. I have been looking to purchase another home, but I am unsure what to do with my current residence with the market being so poor. Would my best option be to rent the home, sale on a land contract or just wait until I sell the home to move forward with purchasing another home. Would a bank even loan me the money for a new home with a mortgage in my name already? I don’t know what to do….HELP.

Cheryl
 

I found a house for $12,500, my credit score is 520. Is it possible for me to get a mortgage loan on this amou?

Posted in Renting & Real Estate on 09/19/2010 08:55 pm by admin
Rhonda asked:


I found a house for sale for $12,500, my credit score is 520, is it possible for me to get a mortgage loan on this amount.

Sam
 

Is it getting harder for people to get approved for a mortgage?

Posted in Renting & Real Estate on 09/18/2010 08:18 am by admin
$millmind$ asked:


I here that it is getting harder for people to qualify for a mortgage loan.That a lot of guidlines are getting tighter. Who now knows the real scoop on the mortgage industry. Who qualifies and who don’t? Is investment properties harder to get whats the deal. I believe people talk to much to scare consumers. If so I understand because there are lots of forclosures so banks are trying to avoid those deals. And bring more stable ones.

Karen
 
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