How soon can you use a VA loan to purchase a home after a shortsale on an FHA loan?
Question by Brandi: How soon can you use a VA loan to purchase a home after a shortsale on an FHA loan? My husband and I did a short sale on our home 15 months ago on an FHA loan, medications store because we were stationed over seas for three years it became to hard to hold onto the home. We would like to purchase another home using my husbands VA benefits now that we will be stationed stateside again. How long do we have to wait to use the VA loan? Best answer: Answer by Real Estate Guya shortsale is basically the sale as a FC. You will need to wait at LEAST 3 years, what is ed to 5 years. Talk with a lender. Give your answer to this question...
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Read MoreToday's Mortgage Rates: FHA Home Loans and VA Mortgage Rates at KeyBank …
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Question by loks: how can I negotiate to lower my interest rate for a home loan with the loan officer? what can I say for him to lower my apr for a loan? this is my first time applying for a loan and do not have experience negotiating to lower my APR any advise? also he told me he can lower my apr by buying points any help from anybody out there is appreciated. he told me 6.5 is the best I can get but I can buy points to lower I live in the state of texas is this the average APR? people with good credit? also FHA loans he told me I have to have the PIM for the mortgage for the life of the loan? I was told once you reached 20% percent ownership you can get rid of it but he told me no because it was an FHA loan is this true? Best answer: Answer by DirectLendingPlanetthe best way to get what you want is to look elseware if he refuses to match your best offer go with the best one! find anouther broker he is not being truthful or he is totaly incompentant Anyone with a little expirance would know this fact Its on the brokers test i am guessing yoru broker is not licansed! yes if you have PMI once you have 20% equity in your home it goes away! he is trying you get you in a loan where he makes the most money. tell him you are going with anouther broker who got you 6% and no pmi he will either come down on the rte and fees if he doesnt look elesware. ask for a good faith estimate and see what you apr is that will tell you if he’s over charging you. also look at the lender fees. It is in your best interest to shop around if you know your scores talk to a few people and see what they offer. if your scores are above 660 your not getting a good deal ! Give your answer to this question below! by eyewashdesign: A. Golden Question by Jason: What are the limits to mortgage interest deduction? My wife and I current do not owe a mortgage on our house (~$ 600K). I am considering getting a ($ 400K) home equity loan / mortgage. Our income would easily support the monthly payment. My questions are 1. Will the interest from the $ 400K loan be tax deductible or is interest on cash-out loans over $ 100K not eligible for deduction (I’ve heard)? 2. Will points on this load also be deductible? Thanks. Best answer: Answer by ang lit depends on what you are using the money for. if you are going on a vacation, cialis 40mg no. if you are fixing up your house, yes. Add your own answer in the comments! A couple of nice apartment creating images I located: Berlin Hansaviertel Modern Apartments Image by joseph a This present day apartment developing is positioned in Berlin’s Hansaviertel area. The Hansaviertel was the outcome of the 1957 Interbau (international developing competitors), buy information pills and I loved obtaining to discover all the present day buildings about there. For far more homes click right here… The To Do List For Rebuilding the U.S. Economy But here's a specific proposal that could create new products, more about new businesses, ambulance and new jobs almost immediately and need not await comprehensive immigration reform: The bipartisan Startup Visa Act, case first introduced in the Senate in 2011, would … For more...
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Read Morehow can I negotiate to lower my interest rate for a home loan with the loan officer?
Question by loks: how can I negotiate to lower my interest rate for a home loan with the loan officer? what can I say for him to lower my apr for a loan? this is my first time applying for a loan and do not have experience negotiating to lower my APR any advise? also he told me he can lower my apr by buying points any help from anybody out there is appreciated. he told me 6.5 is the best I can get but I can buy points to lower I live in the state of texas is this the average APR? people with good credit? also FHA loans he told me I have to have the PIM for the mortgage for the life of the loan? I was told once you reached 20% percent ownership you can get rid of it but he told me no because it was an FHA loan is this true? Best answer: Answer by DirectLendingPlanetthe best way to get what you want is to look elseware if he refuses to match your best offer go with the best one! find anouther broker he is not being truthful or he is totaly incompentant Anyone with a little expirance would know this fact Its on the brokers test i am guessing yoru broker is not licansed! yes if you have PMI once you have 20% equity in your home it goes away! he is trying you get you in a loan where he makes the most money. tell him you are going with anouther broker who got you 6% and no pmi he will either come down on the rte and fees if he doesnt look elesware. ask for a good faith estimate and see what you apr is that will tell you if he’s over charging you. also look at the lender fees. It is in your best interest to shop around if you know your scores talk to a few people and see what they offer. if your scores are above 660 your not getting a good deal ! Give your answer to this question...
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