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Question by reni768: Is there a time frame on closing on an FHA mortgage loan?
I am in the process of buying a house and I know the lender said she had a deadline on completing the paperwork. She got the approval on Friday and says we can close this coming week though we have to come up with $ 3800 down. I have about 1/2 of that and I was wondering is there a time limit on an FHA loan on when you have to close or can our closing be pushed back a week or two for me to get the rest of the down payment??
We have not locked in a rate. My realtor is involved. I dont want my rate to change b/c we got a good rate. I may just have to go ahead and close this week. The money is part that I have saved, medicine some my dad has given me and my sister is going to allow me to borrow some if needed. I guess I could say that money is a gift from her and me & her know between ourselves that I am paying her back!
Best answer:
Answer by Dale … Your Maryland Net Realtor
Part of the “deadline” for your loan will be whatever lock there is … the amount of time that the interest rate you were quoted will remain in place. Normally lenders don’t lock you in at a rate for too long … possibly up to 30 days … because the rates change so quickly.
Possibly the thing that would be more important than what the lender says is what the contract to purchase the home has as a settlement deadline. If you are required under the contract to settle on or before “October 6” and you don’t do it, drug the contract could be declared null and void by the sellers and you could theoretically lose your earnest money deposit. You should verify your settlement date and make sure that your Realtor works with the sellers’ agent extend the settlement deadline if possible.
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Question by riddlinroy: my fha mortgage is not insured – what do i do?
We went to re-fi our FHA mortgage because the rates are lowered. Turns out our FHA mortgage was not insured by the company who did our mortgage paperwork. The company admitted it was their fault for not filing the paperwork correctly. We are not able to get a re-fi unless we can show we have insurance. The company that did our mortgage keeps telling us that they will file the papers – it’s been 6 months and nothing. Should I call a lawyer or pursue legal action? Should I keep calling the mortgage company that originally filed our paper work who keeps blowing us off? (BTW – they are jerks – big time – I’ve talked to their president a few times and he is a sarchastic #@(*&#)@# – excuse my french) but my wife and I are just extremely frustrated. We don’t know where to turn.
there seems to be a misunderstanding. my mortgage company who did the FHA loan did not insure the loan thru FHA – they didn’t file the paperwork. I have homeowners, viagra sale life, treatment disability, medical, dental – etc. what i don’t have is an insured FHA mortgage. Because it is not insured – if we foreclose on our house – the gov’t doesn’t pay out the mortgage company. this makes us a liability if we go to refi.
wow doesn’t anyone out there have an FHA insured mortgage?
I don’t need any other type of insurance. basically i was effed by my bank and now i can refinance because our mortgage is FHA and our company did not insure the loan via FHA. Please do not talk to me about other insurances – i have them all. I NEED SOMEONE WHO KNOWS ABOUT FHA LOANS PLEASE!!!
how do i put this polietly – i don’t need homeowners insurance – i need someone who knows about FHA mortagages specifically!!! Our lender did not file the paper work with the government for our FHA loan. It is not insured thru FHA. I have homeowners. I have life. I have car. I have disability. I have every insurance that I need except our loan has not been insured thru FHA. If we foreclose on our house – the lender will not get paid by the govt. This is the problem. Please – i do not need term life or any other insurance.
Best answer:
Answer by Billy Rebel
You can still refinance into a new conventional loan, providing you qualify. If your FICO scores are such that you need to stay with FHA, I would call the company that is servicing your loan and also call the regional HUD office. Your lender needs to have an MIC (mortgage insurance certificate) in order for you to do a Streamline Refi.
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Some cool condominium pictures:
1 Borneo Condominiums Almost Total!
Image by thienzieyung
The tallest condominiums about Kota Kinabalu is almost done! The crane on Tower A is removed, click the condo is fully constructed and prepared to move in. Tower B is nearly accomplished. Tower A and B is 25 stories high. Tower C is nevertheless under construction. Tower C is taller by 3 stories. Tower D? I don’t know. What a huge project! Go Malaysia! 🙂 To see the view from the unit noted in the picture above (Level 21, link Tower A), click www.youtube.com/watch?v=fTGGD5Nx-dU
If you would like to see far more properties click here…
Park Tower Condominiums
Image by Mr. T in DC
The Park Tower Condominiums at 2440 16th Street NW, across the street from Meridian Hill Park. Architect: William Harris, 1928. Anyone keep in mind the 1990s ad campaign when presumably the apartments had been converted to condominiums?
A lot more fantastic homes click right here…
Can I have this photo?
That is a nice, little tower. I’m used to seeing the big or wide apartment buildings in Arlington and around Falls Church, Virginia.
I went to an open house there once; it has a pretty nice view from the roof deck even though it”s not a very tall building.
The stone accents emphasize the verticality of the building.