Mortgage Loans – student senior approval

kimmyannb2 asked:


My mortgage is in my fathers name. I pay the mortgage and all of the other bills associated with this house. Can the loan be transferred to my name with out taking out a new loan in my name?

Lois

Liz asked:


I want to purchase a new house within a couple of months with my husband, now my credit is excellent, while he had to declare bankruptcy a year ago because his ex-wife was was just ripping him off. My question is will I be able to get a loan with him as my co-borrower now that he has that on his record for a few years? Anybody know

Frederick

Icecoldbeer asked:


It is my dream to own my own home. But all I here about is credit scores and stuff. I don’t have bad credit or good credit I don’t have any at all. Is it possible for me to buy a home?

Walter

2ManyQuestions asked:


I own a home, and i own the lot next door which has nothing built on it. They are both financed by different banks. I would like to get both of them and have 1 mortgage payment, like a re-fi for both of them in 1 note. I was told that i needed to re-plat my land in order for this to be possible. What suggestions do you have? I wanted to get money out of this to pay off debts that i have, but with the refi it problably wont be enough. if my home appraisal comes out higher than what i bought it for, should i sell it to my common law wife to get that extra cash?

Ann

$millmind$ 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.

Ray

Jewelinbend asked:


I need a verifiable source to quote any answers to this question.

Greg

ali h asked:


I have a mortgage loan and the bank was supposed to pay the builder or owner on a monthly baises and pay the last installment when I recived the building. Although I expressed my self on the phone and on an email that I need to make sure that the last payment should not be paid untill I offically recive the apartment. The bank whent on and payed the last payment and and the handover was supposed to be in December 08 I have still not recived my apartment?

Can I sue?

Francisco

alexandrajo asked:


My friend’s name is in the title of her house but the loan isn’t. It’s in her father’s name. Now she wants it to be transferred to her name. What is the process involved?
I forgot to mention that the loan balance is higher than the market value of the house.

Ruth

cajuncowgirl318 asked:


FHA kicked the loan out *supposedly* because there were too many outbuildings, and because there were grain storage bins on the property. (House, barns, grain bins, 5.8 acres) I don’t understand? Other than that, we would have qualified.

Herbert

Cass_17_7 asked:


My boyfriend of 5 years and I recently bought a house for 70,000. We put 20% down, so now we will have to make payments on just $56,000 on a 7% ARM for 15 years. I was wondering if it’s not too insane to get a loan in my name for 28,000 and have my boyfriend get a loan for 28,000 and pay off the mortgage loan. The reason I thought of this is because less would be going out for interest since it’s a smaller amount right and we would be able to pay it off way sooner than 15 years. I just don’t like the thought of most of my money going towards interest. If anyone thinks I’m nuts say “I” and I’m willing to listen to sound advice. Thanks!
Then my boyfriend would pay on his loan a month and I would also pay on my loan. Neither one of us has to worry about someone dropping the ball on payments because we’re conscientious about bills and paying them on time.
The 7% ARM has a cap of 9%. We went with this type of loan because we didn’t have to pay any closing costs this way, and I’m not for sure if we’re going to stay in this house long enough to make up the difference of the closing costs had we gone with a 6.5% fixed rate.

Dawn