FHA Information

How do I check daily FHA mortgage rates?

on May 3, 2024 in FHA Information | 1 comment

Question by Anna B: How do I check daily FHA mortgage rates? My lender hasn’t locked rate for home purchase in CA. How do I check rates myself looking at internet. he says we will be able to lock once we get loan docks this week. I just want to see what kind of rate I’m looking at (ballpark) Best answer: Answer by ToniBankrate.com The site has been around for a decade – you can trust it… What do you think? Answer below!

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What is loan modification and how much does it cost compared to a refinance?

on May 2, 2024 in FHA Information | 1 comment

by eyewashdesign: A. Golden Question by krayz: do you have income with a reverse mortgage loan? I’m having trouble finding the law that states the answers for these. I’m only looking for the law that will answer my questions. When I take my monthly draw from the bank from my reverse mortgage loan is that considered income? Also can I deduct the interest when it is added to the outstanding loan balance each month. Best answer: Answer by FreakOfNature2000Yes you get a monthly income based on your situation but its a big rip off. Don’t do it. Give your answer to this question below! Question by The Mace: I’m trying to get a hold of someone at Chase Home Finance that deals with problems.? I’m trying to solidify my loan w/Chase Home Finance but they farm out the jobs to third world countries (Philippines). I’m always put on hold or the call is disconnected. I cannot get a hold of anyone that can help in the US and it’s getting really frustrating. Can someone provide an email address, more about of Chase Home Finance folks (professionals hopefully), this web that I can talk to or someone who can actually look into or solve my pay-off problem? Best answer: Answer by DavidSo is everyone else. That is why you shouldn’t use chase. Give your answer to this question below! Verify out these chateau photos: Château de Chenonceau Image by roger4336 Château de Chenonceau was constructed in 1515-1521. It was built across the Cher River, page east of Tours. It fell into the hands of the French crown. King Henri II gave it to his mistress, viagra approved Diane de Poitiers. Immediately after Henr1’s death in 1959, his widow, Catherine de Medici, took the chateau. Each of these ladies designed a significant garden, which nonetheless has her name. Chenonceau has been owned since 1913 by the Menier family members, which is recognized for chocolates. The chateau is called Chenonceau, but the nearby village is Chenonceaux. For a lot more residences click here… Chateau de la Beuvriere Image by Kentishman Chateau de la Beuvriere, St Hilaire de Court, Cher, France If you would like to see far more properties click right here… Château fort Image by ManuB. Château d’Anjony, à proximité du village de Tournemire. Ce château a été bâti au 15e siècle et est typique des petites forteresses de montagne de cette époque. For much more houses click here… Question by **4-22-2010**: Will home interest rates go back down or are the going to continue rising? Want to refinance my home, visit this site Wondering if I should wait a little bit, more about or do it now before they really start to climb back up. Best answer: Answer by JohnThey’re going to continue to rise, so if you’re looking to refinance you should try to do it now (though if your house doesn’t appraise for what you owe on it, you *may* not be able to) Add your own answer in the comments! FHA Streamline Refinance : Basic Qualification Requirements FHA mortgage rates are making new, price all-time lows while — at the same time — FHA mortgage insurance premiums (MIP) are gearing up for an increase. … Especially those in high closing cost states such as New York, thumb Texas and Pennsylvania. Get FHA … If you would like more informaiton please visit here… by KKfromBB Question by Satan Lives! God must Die: Can you buy a home with crappy credit? I want to buy a home but my credit and wifes credit is bad my credit score is...

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Does it matter what bank I go through to apply for FHA loan?

on May 2, 2024 in FHA Information | 5 comments

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Does my condo have to have an active HUD status for FHA refinance program eligibility?

on May 1, 2024 in FHA Information | Comments Off on Does my condo have to have an active HUD status for FHA refinance program eligibility?

Question by mindy: Home equity loan requirements? Besides having the house what are the requirements? what is the process they use to approve or deny you for the loan? Do you have to have perfict credit or just a house and income? Best answer: Answer by BillYou need the same requirements as if you were buying a new house. The property has to be appraised and meet the underwriting guidelines. You need good income , malady more about good credit and the house has to meet value requirements. Add your own answer in the comments! Question by ZC: Does my condo have to have an active HUD status for FHA refinance program eligibility? So I checked the HUD site and my condo project has an Expired FHA/HUD status. I would like to refinance to take advantage of the lower rates. Is there any way to for me to still leverage the FHA Short Refinance or FHA Streamline Refinance program, visit this site or do I have to go the traditional route? Note: I am currently in a conventional, symptoms non-FHA loan. Best answer: Add your own answer in the...

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How should I go about purchasing my gram’s house? Mortgage? Home Equity? FHA? It is in an estate of my dad.?

on Apr 30, 2024 in FHA Information | 3 comments

by European Parliament The Home Affordable Refinancing Program Article by Pepple Holli For more informaiton please visit here… Related Government Refinancing Programs Articles Question by crave132: How should I go about purchasing my gram’s house? Mortgage? Home Equity? FHA? It is in an estate of my dad.? Ok so here is the situation. My gram died over a year ago and her house has been sitting in an estate that my dad and his 3 siblings are in charge of. He has been holding up the estate so I can get the house, more about but I have to save up money first. I have the money saved up now, this just need to see about what my best method is for getting the house? Regular mortgage rates at local banks are 5% for 30 years and up. The house was appraised at 72000 and I am getting it for 60000, 15000 for my dad and each of his 3 sibling divided equally. My question is should I get the house deeded to me for $ 1 to avoid having to pay all the closing costs and do it as a home equity loan? Is there somewhere better to get a mortgage than a local bank? None of the big banks will do FHA/government loans. Please tell me the best way to go about getting the house in my name, and getting my aunts and uncles their money. I have already been qualified for the loan, but if I do a home equity I wouldnt have to pay closing costs. Yes i know what a home equity loan is, I used to work as a credit analyst at a bank. There is no money owed on the house, and if it were in my name I would have all the equity to take out. The only reason I need money is because my aunts and uncles want their share for the house, and they want it soon. I have 5000 saved up, which is 5% down plus closing costs. I just want to know if there are any other loopholes besides having the house deeded to me for $ 1, which is not fraud and is legal. Thanks for the answers so far, but you havent told me anything I dont already know. Best answer: Answer by Greg KThere are a number of ways to do this, but it’s all about the level of trust between the parties. First off, the purchaser needs to be someone that can get a loan. If that is you, fine, but if not, you need to figure out who can meet the lenders requirements. What mortgage products are available to you are predicated on the creditworthiness of the borrower. A mortgage broker may be of real assistance to you in figuring this out. Closing costs vary with the mortgage product. You will need to figure out the nuances of closing costs as you decide your mortgage. Finally there is the question of title. Assuming you purchase the house, the title is now in your name. It sounds like the house is already in a trust for the estate. Transferring the beneficiary name on the trust may be the easiest thing to do. And it doesn’t involve much money at all. Nothing needs to change until you sell the house. If the trust owns the house, the trust gets the money. You need to look at the trust documents to understand what happens to the money in the trust. Good Luck Know better? Leave your own answer in the...

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How low can mortgage rates go?

on Apr 29, 2024 in FHA Information | 2 comments

Some cool condominium images: Terrace Row Condominiums Image by davereid2 Terrace Row Condominiums Construction Nears Completion If you would like to see a lot more homes click right here… Apparently a New Condominium Community on the East Side of Utah Valley Image by bterrycompton Apparently a New Condominium Community on the East Side of Utah Valley. The blue color of every little thing is determined by it becoming dusk. For a lot more houses click right here… by senatorchriscoons Question by Matthew: Are there any loan programs out there that would allow me to refinance my home at today’s present market value? Hello, medications I have a question for anyone out there that may be able to shine some light on our situation. My wife and I live in Rhode Island and are in the process of expanding our family. We recently had a baby boy and will soon attempt for child number two. Everything in our lives seems to be going as planned with the exception of our current housing situation. We currently live in a two bedroom 1000 Sq. ft. condo and we are busting at the seams. It is time to start looking for a larger home but we like many owe more than the home is worth. Probably about 50K plus upside down. We both have strong income and good credit so purchasing and affording a new home is not the issue, illness it’s what to do with our current situation. I feel very stuck. Ideally I would like to rent the condo and hold onto it as a future investment, link but being so upside down makes that thought less and less appealing. And selling it would have to result in a short sale and I’m pretty positive that negatively affects your credit. So my long and winded questions are: 1.Are there any loan programs out there that would allow me to refinance my current home at today’s present market value? The reason I ask is because I vaguely heard about such a program. 2.What do you recommend about getting out of my home and into a new one without destroying my credit in the meantime? 3.Is there another option that exist that would be a good fit for my situation Thank you all for your help on this. Best answer: Answer by Common SenseNo one will allow you to refi while you’re upside down. No way. A short sale, by the way, is only one baby step above a foreclosure. It destroys credit. Just rent the damn thing. Give your answer to this question below! Question by Manny: Is It Possible To Get A Stated Equity Loan With A Co-Signer? I am self-employed and own my home free and clear. My credit is pretty good but I have no income verification to provide. I realize stated loans are pretty rare these days. My Mother has a credit rating of about 770-780 and has offered to co-sign on a $ 50, salve 000 equity loan for me. I bought my house a little over a year ago for $ 168, look 000. Is this possible and if so, information pills can anyone recommend a bank to work with? Best answer: Answer by Whats Up DocYes it is. Try Suntrust or Bank of America. What do you think? Answer below! Question by morris: How low can mortgage rates go? Mortgage rates went back down the 5.5 range this past week. It seems this is a good rate at this time, ailment but really no better than it was about a year ago. Given the economy,...

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