Questions about a FHA loan, Mortgages, and first time buyers?
by Vietnam Plants & America plants Question by Yvette W: What was your credit score when you recieved a home loan? I have a credit score of 618. Is this enough for me to apply for a home loan? Best answer: Answer by Katharine ????Mine is 820 – and I am doing a loan right now. Doesn’t hurt to apply – they will let you know if its enough or not – I went through wells fargo – the no closing cost deal! Give your answer to this question below! Question by pd39: Questions about a FHA loan, here Mortgages, order and first time buyers? I will be a first time home buyer, seek I am looking in NJ, now living in NY. I take home, after taxes about 8k a month, my wife also brings in a few thousand a month. We have great credit and no outstanding bills except a few student loans. To find something in the area we want, we will have to spent about 700k or so. I have read that with a FHA loan you have to put down 3.5 % as compared to 20% with a regular mortgage. If you take out a FHA mortgage and put down the 3.5 % do you still have to pay PMI with a FHA ? Also, where should I go for a mortgage, I hear many bad things about brokers, And, the last thing, what am I looking at in fees and closing costs for this range ? Best answer: Answer by maxmom56You pay PMI and you pay all closing costs. The banks are on the website – fha.gov. Know better? Leave your own answer in the...
Read MoreQ&A: DTI 35% calc before or after mortgage?
by marsmet526 Question by Brian: Educated guesses about when the FHA 30yr fixed rate will drop and how much? I’m a first time home buyer and I was just preapproved for an FHA loan with a 6.5% rate. Three months ago I was approved for a conventional loan at 6.25%. I’m just wondering when analysists are predicting rates to drop? Best answer: Answer by Natalianot soon the rates are going to go up for the next year unless the government lowers them again Add your own answer in the comments! Question by Cat: How can I refinance from FHA to a conventional loan with little or no money down? Just over 6 months ago, viagra dosage we bought a bank owned property. We’ve put at least 15 grand into fixing it up. I was told that we can switch to conventional with an appraisal that shows our property is worth 20% more as we don’t have cash for closing. Would we not have to pay mortgage insurance if we went conventional and why? I need a little guidance with this. Thanks! Best answer: Answer by MeJoin a credit union and work with them. What do you think? Answer below! Mortgage-Bond Sales Soar on Fed's Refinance Push: Credit Markets The Obama administration fueled additional opportunities for refinancing by pushing Fannie Mae and Freddie Mac at the end of 2011 to expand the Home Affordable Refinance Program, medical or HARP, for borrowers with little or no home equity. Almost 791,000 … If you would like more informaiton please visit here… Taking advantage of the lowest mortgage rates Q I keep hearing about these really low-rate refinance opportunities, but nobody seems to say which bank or mortgage broker is offering them. I have a 15-year fixed rate loan at 4.25 percent. I financed my loan under the Home Affordable Refinance … More informaiton please visit here… Diminished expectations: Oregon politicians try to repair economy, restore … A state agency will conduct a limited test of a program to buy back and refinance underwater mortgages. Still, the …. It's similar to the federal Home Affordable Refinance Plan, the Obama administration response to upside-down mortgages. But HARP is … More informaiton please visit here… Annaly Capital Vs. American Capital Going Into 2013 According to the latest statistics compiled by Mortgage Bankers Association and reported by Bloomberg, sale of Agency MBS reached a three-year high. This was a result of the direct actions from the Fed, which intends to make home ownership affordable. For more informaiton please visit here… Question by Tia: Is it Wisconsin state law to have both spouses on the home loan application? When applying for a home loan in Wisconsin, price is it state law that you and your spouse be on the home loan application. OR can you just apply using just you or your spouse? Best answer: Answer by AndrewATTN: Dear Client, page I am a private registered loan lending firm base in UK, approved We offer short and long term loan. We can be of help to you. if you are interested e-mail or call us now so we can proceed to the next level. Kindly get back to us with the loan amount need, loan duration period,sex,age,annual income, country and phone number. Note: Even if your bank have decided not to offer you a loan because of your bad credit score, we are willing to help you. Awaiting your prompt respond asap. Phone Number:+Tel: 447045713070. Fax Number:+447005931319. Mr Frank Smith. Email: giantloanagency@live.com Add your own answer in the comments! Question by Tricia: DTI 35% calc before or...
Read MoreMortgage Rates: Low Mortgage Rates Steady After Release of Fed Survey
Mortgage Rates: Low Mortgage Rates Steady After Release of Fed Survey Current FHA 30 year fixed mortgage rates are as low as 3.000%. FHA loans have several different mortgage options available for consumers to choose from, look doctor such as rehab loans to energy efficient loans. Some of these products are designed to make funds … More informaiton please visit here… Current Mortgage Rate Chart – Lenders Lower Rates as Benchmarks Nose-Dive (Best Syndication News) Mortgage interest rates were lower again as investors moved their money into safe-havens (see the mortgage rate charts below). SunTrust, decease ed PNC, rx Bank of America, and U.S. Bank lowered their rates as secondary lenders matched cuts … If you would like more informaiton please visit here… FHA Streamline Refinance Offers Multiple Savings As mortgage rates continue to reach new record lows, interest in the FHA streamline refinance continues to increase. Many homeowners are currently holding higher rate FHA mortgages that were obtained prior to 2009. The FHA … These FHA mortgages are … If you would like more informaiton please visit...
Read MoreIn a mortgage loan, how do you get rid of an MIP?
Question by Hennessy: What procedure does a person have to go thru in order to purchase a foreclosed home? I would like to buy a home but can’t afford one unless the price is as low as a foreclosed home would be. I look for foreclosed home listings but now a days everyone wants you to pay for the list. How do I get a free list and where do I start? Best answer: Answer by Saracheck this site for tips and guides, order visit this they are good http://foreclosurewealth.cjb.net What do you think? Answer below! by bullcitydogs Question by Shannai Lyn: is it safe to buy things online from America? i want to buy a wristband from America it says that if you an international resident it would cost slightly more? you could either pay by credit card or debit card (your choice) and shipping and handling is including in the price which isn’t too bad but it’s if my dad would let me? please help. link: http://nina-dobrev.us/nina/team-nina-dobrev-wristbands/ Best answer: Answer by BrendanBuying anything anywhere on line poses a certain risk, diagnosis but so does buying from a shop. If the website is reputable you should be ok. Beware of anything that looks too good to be true. Add your own answer in the comments! by eyewashdesign: A. Golden Question by Racheal: How oculd i raise 00 so i can keep Bank of America from taking and foreclosing on my house ? were 4k behind and our application for a lower mortgage rate or new loan from the bank was denied.. what could i do, dosage like government programs ro online fund raising?? help? Best answer: Answer by Dynasty Master Xyou could rob a gas station! Know better? Leave your own answer in the comments! Some cool castle images: Castle Gwynn II Image by fallingwater123 Castle Gwynn – Arrington, sickness TN. TEXTURE: "Goya’s Ghost" by SkeletalMess. www.flickr.com/images/skeletalmess/3694562272/in/set-7215… "Wine & Roses" by pareeerica www.flickr.com/photos/8078381@N03/4360755737/ Much more excellent houses click right here… Castle Landeck Image by andywon Castle ruins of Landeck (and a more modern day church) in Baden-Württemberg, Germany Far more excellent houses click here… by eyewashdesign: A. Golden Question by BigStorm37: How will the recent cut by the Fed of the discount rate affect the intrest rates on home mortgages? If I were to shop around for a mortgage on Thursday, order what if anything would be different than the motgage rates that I would find on Monday? Best answer: Answer by Mary GIt’s not going to affect the mortgage rates for quite some time. The Feds are going to have to do a lot better than that before things get better. What do you think? Answer below! by eyewashdesign: A. Golden Question by snugglebug: Which bank or credit union is the best for a home loan? My husband and I will be first time home buyers. We live in the state of Michigan. We want to apply for a home loan, case but we would like to know a few good places to apply at. My credit score is 750 and my husbands is 700. I have checked a few banks, viagra dosage and Citizens and Flagstar seem to have the best rates and fees so far. If you know of any great banks to deal with plz list. Thank you! Best answer: Answer by kemperkcredit unions are always SUPPOSED To have better rates. Add your own answer in the comments! Question by littleman: In a mortgage loan, more about how do you get rid of an MIP? I am looking at refinancing my home loan and...
Read MoreQ&A: What kind of mortgage rate can a borrower expect to get with a credit score in the range of 661-669?
Some cool chateau photos: Le château d’Amboise (Indre-et-Loire) Image by sybarite48 Château d’Amboise (37) If you would like to see a lot more houses click right here… It's Our Interest: The Need to Reduce Student Loan Interest Rates Reduced student loan costs boost the likelihood of repayment while also stimulating the economy by freeing up income that can be used and spent in other sectors of the economy. Refinancing even just those federal student loans with an … Borrowers … For more informaiton please visit here… Terri Ludwig, prescription Social Entrepreneur: Generosity is Contagious From 2002 to 2009, Terri served as President of the Merrill Lynch Community Development Company, where she led community development, committed more than $ 2 billion in loans and investments, launched a successful social investment platform for Merrill … If you would like more informaiton please visit here… Question by acvader: What kind of mortgage rate can a borrower expect to get with a credit score in the range of 661-669? Professionals please answer. Any website links with more information would be appreciated. Best answer: Answer by just common senseIt will depend upon the lender and the type of loan (conventional, more about VA, FHA, etc.) Your credit score is not bad for a home loan. ALWAYS shop loans. Do not waste your time doing this on the internet; you will have so many hits against your credit report that it can actually knock your score down 100 points or more! Contact several lenders in your area, by telephone or in person, and ask to speak to a loan officer. Tell the loan officer the details of your credit score, anything negative on your credit report, what type of loan you are seeking, and ask what the current rate is for that day. Interest rates fluctuate daily. Ask them if, based on the information you’ve given them, they would be likely to approve you for a home loan. If they demand to run your credit report, tell them you are currently only shopping rates and you will contact them again when you are ready to have your credit report ran. If several lenders run your report at the same time (NOT lenders over the internet, remember!), then your score will not drop so much as it will be obvious that you are looking to obtain a mortgage loan and you are shopping loans. Ask each loan officer what the policy of their Company is for “locking in a rate.” If you don’t know what that term means, ask the first lender; they can better explain it. In short, most lenders offer a certain period of time once you have been approved where you can “lock in” a good interest rate. It’s a bit like gambling. Do you, for example, take today’s interest rate ~ let’s say it’s 5.75% ~ and lock that rate in or do you wait for a lower rate? It is *possible* for the rates to go down, but it is also possible for them to go up. Your loan officer should be able to best guide you on what they believe the rates will do over the next day or so. You will also want to know how long the locked in rate is good for: is it good for a week? 10 days? 15 days? This tells you how much time you have to find the property you want, have a Contract written by a real estate professional, and make an offer. Once you have found your lender, obtain a pre-approval letter. You want a letter to show to your...
Read MoreQ&A: How can I refinance from FHA to a conventional loan with little or no money down?
by marsmet526 Question by Brian: Educated guesses about when the FHA 30yr fixed rate will drop and how much? I’m a first time home buyer and I was just preapproved for an FHA loan with a 6.5% rate. Three months ago I was approved for a conventional loan at 6.25%. I’m just wondering when analysists are predicting rates to drop? Best answer: Answer by Natalianot soon the rates are going to go up for the next year unless the government lowers them again Add your own answer in the comments! Question by Cat: How can I refinance from FHA to a conventional loan with little or no money down? Just over 6 months ago, viagra dosage we bought a bank owned property. We’ve put at least 15 grand into fixing it up. I was told that we can switch to conventional with an appraisal that shows our property is worth 20% more as we don’t have cash for closing. Would we not have to pay mortgage insurance if we went conventional and why? I need a little guidance with this. Thanks! Best answer: Answer by MeJoin a credit union and work with them. What do you think? Answer...
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