Q&A: When should I start my home loan (financing) process ?
by EscRiBiTioNiSt® Question by JohnPau2010: When should I start my home loan (financing) process ? – i have got a contract for a home what I am planning to purchase – i am getting the home inspection done this weekend – can i start the actually home loan financing process after the inspection is done or can I do it earlier also ? I did get some pre-approval letter from a broker earlier before looking for a home Best answer: Answer by David Zyou should start it the day after you had the purchase agreement. These take time so do not delay any more. What do you think? Answer...
Read MoreQ&A: What is the difference between pre aproval and pre qualify in home loan?
Some cool apartment building images: I really like this old brick apartment building on Colombia Street 2 Image by benchilada If you would like to see a lot more residences click right here… a L’art – apartment creating name Image by designwallah More fantastic homes click here… the washington monument peeks more than an apartment constructing at the bottom of meridian hill park Image by JamesCalder For a lot more houses click here… Homeowners' Refinancing Efforts Pay Off in Third Quarter In its report this week, viagra Freddie Mac released new data on refinancing and its effect on American home loans. The news was overwhelmingly good: … Like borrowers in 2010, sildenafil today's mortgage holders also benefit from the government's Home Affordable … If you would like more informaiton please visit here… Financials Sink After Obama Win; Fiscal-Cliff Worries The fiscal cliff refers to the combination of automatic spending cuts and tax increases next year which could tip the U.S. economy back into a recession, medicine barring a budget deal. On the campaign front, Wall Street executives … Analysts with Compass … More informaiton please visit here… Question by cliff_dweller: FHA loans What are the pros and cons of FHA loans? I am in California if that makes a diffrence? What are the pros and cons of FHA loans? I am in California if that makes a diffrence. Thanks! Best answer: Answer by Marty SA FHA loan is a 30 year fixed (or 15 year fixed) loan that is insured by the federal goverment. The pros are that the rate is not that bad, case and your loan is insured by the federal goverment. They also have easy FICO score requirements. However, more about they do not like it if you have had past collections. If I can be of any assistance, shoot me an email msmith@premierloangroup.com, and I’ll help Marty What do you think? Answer below! by eyewashdesign: A. Golden Question by Mute D: Stating extra income when applying for a mortgage loan? Should I state my extra income even though I don’t pay taxes on the extra income when applying for a home loan? Best answer: Answer by Dale HFor the most part, abortion you cannot just “state” your income. It has to be verifiable. This is done through tax returns, buy information pills W-2’s and pay stubs. If you are not claiming the income on your returns, cure most lenders and programs will not consider it for qualifying purposes. Hopefully, you have enough verifiable income to qualify for the loan you are seeking. If not, ask your lender if they have any programs that may allow “secondary stated income”. This is income that cannot be verified through traditional sources like tax returns. For instance, if you are a carpenter by trade and have W-2 income from your employer, but you also earn income from side jobs, but have not declared it for tax purposes, you may be able to use it to the exent that it doesn’t exceed 25% (for example) of the verfied income. Good luck. Give your answer to this question below! by eyewashdesign: A. Golden Question by guero62: What is the difference between pre aproval and pre qualify in home loan? I keep seeing people talking about being pre approved for a home loan or being pre qualified, prostate one being quicker and easier than the other. What is the difference/benifit of the two? Best answer: Answer by nite_angelicaThere is no difference. They say that and then you STILL have to go through the approval process with the loan department. What do you...
Read MoreFHA loans What are the pros and cons of FHA loans? I am in California if that makes a diffrence?
Some cool apartment building images: I really like this old brick apartment building on Colombia Street 2 Image by benchilada If you would like to see a lot more residences click right here… a L’art – apartment creating name Image by designwallah More fantastic homes click here… the washington monument peeks more than an apartment constructing at the bottom of meridian hill park Image by JamesCalder For a lot more houses click here… Homeowners' Refinancing Efforts Pay Off in Third Quarter In its report this week, viagra Freddie Mac released new data on refinancing and its effect on American home loans. The news was overwhelmingly good: … Like borrowers in 2010, sildenafil today's mortgage holders also benefit from the government's Home Affordable … If you would like more informaiton please visit here… Financials Sink After Obama Win; Fiscal-Cliff Worries The fiscal cliff refers to the combination of automatic spending cuts and tax increases next year which could tip the U.S. economy back into a recession, medicine barring a budget deal. On the campaign front, Wall Street executives … Analysts with Compass … More informaiton please visit here… Question by cliff_dweller: FHA loans What are the pros and cons of FHA loans? I am in California if that makes a diffrence? What are the pros and cons of FHA loans? I am in California if that makes a diffrence. Thanks! Best answer: Answer by Marty SA FHA loan is a 30 year fixed (or 15 year fixed) loan that is insured by the federal goverment. The pros are that the rate is not that bad, case and your loan is insured by the federal goverment. They also have easy FICO score requirements. However, more about they do not like it if you have had past collections. If I can be of any assistance, shoot me an email msmith@premierloangroup.com, and I’ll help Marty What do you think? Answer...
Read MoreWhat are the current rates for a 30 year fixed FHA mortgage? Can you pay discount points?
81 Percent of Refinancing Homeowners Maintain or Reduce Mortgage Debt in … The median interest rate reduction for a 30-year fixed-rate mortgage was about 1.5 percentage points, order nurse or a savings of about 28 percent in interest rate, try the largest percent reduction recorded in the 27 years of analysis. Among the refinanced … For … For more informaiton please visit here… Home Sweet Home Before getting into that, cialis 40mg it's important to define what HARP 2.0 is and why interest rates are remaining so low. HARP 2.0 is short for the revamped Home Affordable Refinance Program that was put in place in March. That program is designed for home … More informaiton please visit here… Pending Freddie Mac Relief Refinance Changes to Aid Lenders Refinance … Freddie Mac announced plans to build on the results of its Relief Refinance Mortgage Plan, which contains the Property Reasonably priced Refinance Program (HARP two.), by aligning requirements for mortgages with loan-to-value ratios that are equal to or much less … For a lot more informaiton please pay a visit to right here… Pending Freddie Mac Relief Refinance Changes to Aid Lenders Refinance … … 2012 /PRNewswire by means of COMTEX/ — Freddie Mac (OBB:FMCC) announced plans to build on the results of its Relief Refinance Mortgage Program, which contains the Residence Reasonably priced Refinance System (HARP two.), by aligning specifications for mortgages … For a lot more informaiton please go to right here… Question by amanda: What are the current rates for a 30 year fixed FHA mortgage? Can you pay discount points? I am considering a FHA loan. I would like to avoid mortgage insurance if at all possible. Am I allowed to put 20% down or get a piggy back loan for 10-15%? Basically, stuff I’m not sure if a FHA or conventional loan is best. First-time homebuyer Credit = 725ish Pre-qualified for $ 80k Probably getting a $ 70k home. Please give me some advise. Thanks in advance! Best answer: Answer by teran_realtorWith your score, prostate and 20% down payment, it’s a no brainer. Don’t go FHA. Get a conventional loan, 80% LTV, no PMI. I wish all my buyers were like you. And smart too! Buying less than you qualify for. I’m proud of you! Give your answer to this question...
Read MoreHow to find a real estate agent with FHA experience?
Question by Frenchie: What programs available to keep homeowners from losing homes? Is there government agency to refinance? Best answer: Answer by LandlordThe government does not have a loan department. They insure loans, viagra more about but you need to get the loan from a bank or mortgage company. What do you think? Answer below! Question by psuskind: How to find a real estate agent with FHA experience? I am pre-approved for an FHA-loan. I heard that’s a mixed blessing because homes that are FHA-approved are hard to find. Is that true? Or can any home be approved for an FHA-loan? What is a good way to find a real estate agent who is experienced with FHA-loans? Because VALoanguy mentions it: My loan won’t suffice for a house, look so my purchase definitely will be a condo. Best answer: Answer by SixfeettallYou should be fine. An FHA loan doesn’t have anything to do with the type of property you buy, order as long as its within an affordability range as per your pre-approval. If you are pre-approved, just tell the agent that and show them the evidence. They will love you. What do you think? Answer...
Read MoreIs it difficult to obtain financing for 5% down payment in cash, 80% first mortgage and 15% second mortgage?
Question by Dorinda: What is The Home Affordable Refinance Program? HARP stands for Home Affordable Refinance Program Best answer: Answer by rtfmhttp://www.makinghomeaffordable.gov/programs/lower-rates/Pages/harp.aspx Know better? Leave your own answer in the comments! by marsmet526 Question by OpenMinded: Is it difficult to obtain financing for 5% down payment in cash, see 80% first mortgage and 15% second mortgage? I’ve accepted an offer on my house. However, this web I’m concerned about the potential buyer’s ability to obtain a loan. He can only put down 5% in cash. As a result, sildenafil he’ll need two mortgages. The first one is 80% and the second one is 15% (probably with a higher interest rate). I heard that although this type of loan was not difficult to get approved in those good years, it is not so easy these days. Is that true? Will it be more difficult than an FHA loan with 5% down in cash? Best answer: Answer by HEATHERDoubtful that will happen. If he only has 5% he will have to go FHA. Give your answer to this question...
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