Home that am trying to buy is not FHA approved, and do not have enough downpayment for conventional mortgage?
Question by catchi: home foreclosure HELP where do we go and how do we start refinancing? Wasn’t the bailout suppose to help homeowners refinance if they were facing foreclosure? How? Was there any agency or website to go to in order to start the process? Best answer: Answer by tkahrs12122No the bailout did not include help for delinquent homeowners. You need to deal with the refinancing on your own. Start with your current mortgage holder and see if the will lower the interest. What do you think? Answer below! Question by TD: What would be the best possible Home Loan I could get buying a co-op? I heard that you cant use the nothing down or 3% mortgages on a co-op purchase. Is this true I live in NY. WOuld I hav eto put down 10% no matter what. Also FYI Most one bedroom co-op go for atleast $ 130, hospital 000, and 10% of that is 13,000 and the HUD and FHA mortgage and program say that they can only give you 3% or 5,000 down. Best answer: Answer by Blue Octoberthe best possible home loan is going to depend on your credit. i want to suggest that you speak with your local banks…they know you the best, and they are local -in case you need them in the future. I am sure you are aware of the large amount of foreclosures across the nation. This lends itself to the way that banks and lenders are now doing business. The days of nothing or very little down are almost gone. You will need to come up with a min of 20% down and stick with a 30 years fixed no prepay penalty loan. Do not accept or get into any creative financing or ARMs (adjustable Rate Mortgages)…these loans have a high failure rate to foreclosures. stick with your local banks…good luck on your purchase 🙂 Give your answer to this question below! by eyewashdesign: A. Golden Question by anpresco: What factors do lenders consider when applying for a home loan? My boyfriend and I are applying for a home loan. The loan officer wants to use both of our credit and financial info for the application. I have both the better credit and longer employment history, seek but need my boyfriend’s additional income to qualify for the amount we need to purchase a home. Will his less than established credit hurt us, treat or will it not matter? Best answer: Answer by Beverly SYour loan officer makes the decision based on what you need to qualify. Most likely you won’t qualify with just one income. The fact that his credit is less established won’t hurt him as long as its not “bad”. Lenders are looking for 2 years steady employment, order 2 years good credit, & property of enough value & re-salability in case of problems. Sounds like you need him (boyfriend) & he’s gonna help not hurt. Add your own answer in the comments! Mortgage Rates : For The Week Ahead, view Lock Or Float? The Ginnie Mae (GNMA) 3.0% 30-year coupon finished better last week, symptoms too, viagra 60mg moving +17/32. Ginnie Mae mortgage bonds are linked to FHA and VA mortgages so mortgage rates for the FHA Streamline Refinance and VA IRRRL mortgage programs fell last … For more informaiton please visit here… Why is the FHA Streamline Refinance So Popular? 28, 2012 — /PRNewswire-iReach/ — Record low mortgage rates have encouraged many Americans to refinance their mortgage this year, and the most popular option by far has been the Federal Housing Administration's (FHA) Streamline...
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Question by Tomtom02: Refinancing our Mortgage – Help? My wife and I are wanting to refinance our current mortgage. We tried about 3 months ago and was told that the house didn’t appraise high enough. Not sure how they got that b/c they didn’t even come in to the house. We got a letter from the state about our taxes and they had our home and property listed as being valued at 198, salve help 000. Our mortgage is $ 123, side effects online 000 and our home equity is 40,000. They appraised the house at 160,000 (the bank that we tried to refi through). We were told that they can only give us 80% of the homes value. Since that time we have put on a new roof, new HAVAC unit and new windows in the back of the home. Can someone explain how we could get approved to refinance for the amount needed to combine our mortgage and home equity. We’ve been in the house for 7 years now. Our credit scores are average hers is 637 and mine is 645. Wondering if this would hinder any decisions? Are there any things that we can do to improve our chance of getting the money we need and lowering our payments? Best answer: Answer by Go with the flowFix your credit also. Your scores are low. Know that you will not get those interest rates advertised. Get a book on Credit Repair from a library or a bookstore. Know that carrying credit card balances seriously reduces credit scores. Give your answer to this question below! by micah rich Question by : How long did it take you to pay off your debt completely? My husband and I are on a mission to pay down the debt and live completely on cash. We are down to a 30, store 000 student loan. I’m dying to knock this loan out by december 2011. The pain that debt has caused us has been very real, viagra 40mg and I am absolutely ready to see it gone from my life! Any other debt recovery stories out there? Best answer: Answer by Summer LoverI only have $ 1,000 debt. I should be able to pay it next week. Give your answer to this question below! Question by ~Willow~: What is the best web-site for Real Estate? We are looking to move, hospital more property and a bigger home. I have been to many websites but I was just wondering if you all could tell me the best web-site you have come across. Thank you so much for your help!! =) I live in Maryland and we are looking for MD property or Southern PA property… anything will help!! Best answer: Answer by Patricia Cwww.realtor.com Add your own answer in the...
Read MoreQ&A: What would be the best possible Home Loan I could get buying a co-op?
Question by catchi: home foreclosure HELP where do we go and how do we start refinancing? Wasn’t the bailout suppose to help homeowners refinance if they were facing foreclosure? How? Was there any agency or website to go to in order to start the process? Best answer: Answer by tkahrs12122No the bailout did not include help for delinquent homeowners. You need to deal with the refinancing on your own. Start with your current mortgage holder and see if the will lower the interest. What do you think? Answer below! Question by TD: What would be the best possible Home Loan I could get buying a co-op? I heard that you cant use the nothing down or 3% mortgages on a co-op purchase. Is this true I live in NY. WOuld I hav eto put down 10% no matter what. Also FYI Most one bedroom co-op go for atleast $ 130, hospital 000, and 10% of that is 13,000 and the HUD and FHA mortgage and program say that they can only give you 3% or 5,000 down. Best answer: Answer by Blue Octoberthe best possible home loan is going to depend on your credit. i want to suggest that you speak with your local banks…they know you the best, and they are local -in case you need them in the future. I am sure you are aware of the large amount of foreclosures across the nation. This lends itself to the way that banks and lenders are now doing business. The days of nothing or very little down are almost gone. You will need to come up with a min of 20% down and stick with a 30 years fixed no prepay penalty loan. Do not accept or get into any creative financing or ARMs (adjustable Rate Mortgages)…these loans have a high failure rate to foreclosures. stick with your local banks…good luck on your purchase 🙂 Give your answer to this question...
Read MoreIs FHA right for you? | The Herald-News
Ed Lotterman: Greece, pharmacy visit this Puerto Rico share economic problems The juxtaposition of recent news headlines, cialis 40mg “Greece will not pay IMF loan due on Tuesday” and “Puerto Rico governor says island can't pay, store ” brought home a much-ignored truth. Just as Greece's economy is an unsustainable element within the European … More informaiton please visit here… 5 Signs Your Kid Isn't Ready to Move Out These are young adults who move back home after college rather than out on their own, whether because of a lack of job opportunities, crippling student loan payments or a desire to save up money. Whether your child is just entering college or the … More informaiton please visit here… Two-tier system in mortgage market means higher costs for some borrowers Even as the housing and mortgage markets are stabilizing, many borrowers with good credit remain shut out of the home loan market or saddled with a new array of fees and extra costs. Lending standards may have loosened … Those with fair-to-good … More informaiton please visit here… 6.5 Million Households Skipping A Great Chance To Refinance Note, discount though, price that, homeowners with an existing VA mortgage will want to specifically ask about the VA Streamline Refinance program, which is a reduced-paperwork refinance that waives the need for an appraisal. … That data point, however, focuses on … If you would like more informaiton please visit here… Veros now offers first direct connection to FHA appraisal portal Veros Real Estate Solutions, which already serves as the vendor for the Federal Housing Administration's electronic portal for appraisal reports and data submissions, announced Monday that it is implementing a direct connection to the portal, which … For more informaiton please visit here… Who Uses Medicaid? Students Form Burgeoning Pool Of Beneficiaries … Experts attribute this trend to several developments, stuff chief among them being the expanded eligibility in 29 states so far under the Affordable Care Act (ACA) of 2010, buy aka Obamacare. The shifting makeup of those who … But a 2012 U.S. Supreme Court … If you would like more informaiton please visit here… Fannie and Freddie Reward Affordable Housing Properties In 2014, Freddie Mac made $ 2.7 billion in loans to “targeted” affordable housing properties. That means the properties have been part of a government affordable housing program, like the federal low-income housing tax credit (LIHTC) program, which … More informaiton please visit here… June mortgage lending in Israel hits new .9 billion record – Business … Another government housing program – the affordable housing plan known as Mehir Lemishtaken – is not an immediate solution to the problem, the source added. Under this plan, the government sets the price of the land on which new residential housing is … If you would like more informaiton please visit here… Text therapy startup raises .5 million Roughly 46 million Americans had a mental illness in 2011, illness but only 39% sought treatment. Barriers for seeking treatment include the cost, stigma and time commitment. Roni Frank, co-founder of Talkspace, says many are also intimidated by the face-to … More informaiton please visit here… S.&P.'s .37 Billion Reckoning Over Crisis-Era Misdeeds Standard & Poor's, a ratings agency accused of inflating its assessment of mortgage investments that spurred the 2008 crisis, announced on Tuesday that it had agreed to pay $ 1.37 billion to settle civil charges from the Justice Department and from 19 … If you would like more informaiton please visit here… Obama Administration Takes on Racial Housing Segregation FHA prohibits racial discrimination in housing and requires that the federal government take...
Read MoreQ&A: How do I know if my mortgage is securitized by freddie or fannie?
Question by threecats: How do I know if my mortgage is securitized by freddie or fannie? I know my mortgage is serviced through Countrywide and the second through Wells Fargo. Could they still possibly be securitized by Freddie or Fannie? Best answer: Answer by RustyCall your mortgage company and ask them….they’ll tell you. Give your answer to this question below!
Read MoreQ&A: my fha mortgage is not insured – what do i do?
by enplaytime More about Mercè Article by Leah Penn More informaiton please visit here… 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 RealtorPart 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. Give your answer to this question below! by Editor B 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...
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