Question by chas: When a possible employer does a credit check does your score take a “hit”?
I want to know because 3 places just did a credit check after I interviewed and I will be trying to get pre-approved for a home loan soon.
Best answer:
Answer by odisho68
no it’s just a check…there’s nothing they can do with your credit score so don’t worry about that
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Question by b_j_sanchez: How do I know how much an FHA loan will lend me?
Lets say I make 45k and my husband makes 40k. Lets also say that I have $ 50, site 000 cash for down payment. How much can I get from an FHA loan in Los Angeles or Riverside counties? I know they will generally lend more to people who normally would never qualify for a loan.
Best answer:
Answer by NeighborLady
https://entp.hud.gov/idapp/html/hicost1.cfm
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Question by Al M: Can I refinance using HARP 2.0 considering I have PMI?
Best answer:
Answer by linkus86
Not typically as you must have 20% equity. If by wild chance your property has increased in value since you have purchased the property, search you possibly could.
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We have refinanced borrowers using the HARP program who have PMI. Both MGIC and Genworth mortgage insurance companies will transfer your existing PMI policy to your new loan for a half point fee. Other companies will probably do the same. It makes perfect sense for them to do this since they are collecting new fee income while they are allowing borrowers to reduce their payments and improve the chances they will remain current on their mortgages, making it less likely the PMI company will have to pay claims on the policies when they default. The link below provides details for the MGIC “Refi to Mod” program. If you qualify for the new loan you automatically qualify for the policy transfer.
http://www.mgic.com/origination/refi_to_mod.html