What does it mean when my lender says that my “loan package has not been released”?
A handful of nice condominium images I located: Fotoloco The Alexandra Condominium Halloween Celebration by Ortigas and Business 100 Image by FOTOLOCO! Fotoloco photo booth images @ The Alexandra Condominium Halloween Party | Ortigas & Firm | Viridian in Greenhills | All-you-want photo prints from Fotoloco photo booth If you would like to see far more houses click right here… by Vietnam Plants & America plants Question by Emiliana Sanjetti: What does it mean when my lender says that my “loan package has not been released”? I am scheduled to close on my home today, mind but the loan officer says that “there is not a problem with the loan but the pacakge has not been released”. I am getting a 100% financing disaster home loan through FHA. I am told that this is why it’s taking a little longer. He doesn’t do a great job explaing things so what does this mean? Best answer: Answer by JeanbugWhat he is saying is that the loan application is still sitting over at the underwriter’s office, more about for whatever reason. If you’ve done your part, then they are most likely waiting for some missing information from the government. What do you think? Answer...
Read Moreare there first time home buyer programs for buyers that have to do stated income?
A couple of good condominium images I located: Fotoloco The Alexandra Condominium Halloween Party by Ortigas and Firm 082 Image by FOTOLOCO! Fotoloco photo booth photos @ The Alexandra Condominium Halloween Party | Ortigas & Organization | Viridian in Greenhills | All-you-want photo prints from Fotoloco photo booth For a lot more houses click here… Question by jjohnson5677: are there first time home buyer programs for buyers that have to do stated income? My wife and I live in California and have to do a stated income loan because we both work for tips for a living. We both have credit scores above 750. Our loan officer said that first time home buyer programs are only for buyers that go full doc. Does anybody know of any local or federal government grants or buyer programs for stated income first time home buyers? Best answer: Answer by Mary BYour loan officer is correct. I have never seen a bona-fide first-time buyer program that was anything but full doc. You DO NOT have to claim stated income b/c you work for tips…can you not count your money at the end of your shift???? Is there some reason that you have no idea of what you have in your pocket? By the IRS guidelines, symptoms you are supposed to be reporting 100% of your earnings to pay the appropriate taxes…what you are doing is nothing short of tax evasion and I am sorry to say, mind federal and state housing programs don’t support that. Now you know the drawbacks of cheating Uncle Sam. I’ll bet if you save up some of that tax-free income you earn, while the rest of us that are honest tax payers pay taxes on ALL of our income, you will probaby discover you don’t need downpayment assistance programs. What do you think? Answer...
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Some cool huge residence images: Sarah and the Big Home Image by crowdive Far more fantastic houses click right here… PPIA visits the Massive Home Image by Gerald R. Ford School of Public Policy Students from the Public Policy and International Affairs (PPIA) summer time institute pay a visit to Michigan Stadium in June 2012. PPIA is an intensive seven-week summer time plan that focuses on preparing students for graduate programs in public policy and international affairs. Find out more about PPIA: www.fordschool.umich.edu/ppia/ For much more homes click here… PPIA visits the Big Property Image by Gerald R. Ford School of Public Policy Students from the Public Policy and International Affairs (PPIA) summer institute visit Michigan Stadium in June 2012. PPIA is an intensive seven-week summer program that focuses on preparing students for graduate programs in public policy and international affairs. Learn much more about PPIA: www.fordschool.umich.edu/ppia/ If you would like to see a lot more houses click here… HARP Program Change Effective January 1, thumb 2013 The HARP loan program has been very successful for the past year of 2012. After the expansion of the original HARP, the Home Affordable Refinance Program, the elimination of loan to value caps has made it possible for severely underwater homeowners to … If you would like more informaiton please visit here… Mortgage Bonds Slump as Fed's Buying Boost Fades: Credit Markets Investors speculated the move added to the risks of more refinancing through the federal Home Affordable Refinance Program, or HARP, which helped boost replacement loans by 34 percent to $ 1.75 trillion in 2012, Mortgage Bankers Association estimates … For more informaiton please visit here… Mortgage Rates: Home Sales Up in 2012 While Low Mortgage Rates Remained … Existing underwater homeowners who have loans that were sold to Fannie Mae or Freddie Mac prior to June 1, 2009 can often refinance through the Home Affordable Refinance Program, also known as HARP 2.0. The HARP loan program does not not … For more informaiton please visit here… ?Se rindió homenaje a líder indígena Bartolina Sisa El presidente en ejercicio Álvaro García Linera dijo que la líder indígena Bartolina Sisa, buy compañera de lucha de Túpac Katari, salió a pelear contra los españoles para que gobierne el pueblo y no una pequeña élite, al señalar que cada 100 años pasa … For more informaiton please visit here… Suasana Kondusif, Aparat Bersihkan Material Sisa Bentrok Sigi REPUBLIKA.CO.ID, PALU — Aparat kepolisian dibantu pasukan TNI mulai membersihkan material sisa-sisa bentrok antarwarga di Kecamatan Marawola, Kabupaten Sigi, Sulawesi Tengah, Selasa. Aparat keamanan juga mulai membuka jalan yang sempat … More informaiton please visit here… Sisa Dana Pungutan OJK Harus Dikembalikan Kepada Industri TRIBUNNEWS.COM, JAKARTA — Sisa dana yang bersumberkan melalui pungutan Otiritas Jasa Keuangan (OJK) bisa dikembalikan kepada industri. Dengan cara ini diharapkan OJK bisa berfungsi maksimal layaknya lembaga pengawasan yang transparan. More informaiton please visit...
Read MoreWhat exactly is a home equity loan and can I still get one with bad credit?
Question by mommy23girlys: Can we get a FHA loan if we just now opened a bank account? We have just opened a bank account. One of the requirements for the FHA loan is 3 months bank statements. Is this going to be a problem? Best answer: Answer by foreclosurefish_comThis will most likely depend on a couple other factors – for instance what assets and liabilities you may have when applying. As long as you have some banking history I dont think that should be your biggest hurdle. FHA loans are more and more popular but there are more guidelines that will be necessary to follow in order to get approved. Add your own answer in the comments! by 666isMONEY ? ? & ? Question by Pantsguy: What exactly is a home equity loan and can I still get one with bad credit? I do own my own home but am still paying off my mortgage. My son needs more money for college and we’ve tapped out on student loans and my credit cards are all maxed. I was wondering what I could do and thought that a home equity loan with bad credit might be an option. I don’t know if it’s a good idea though. Best answer: Answer by AnjellYou have ownership of the home but what you don’t have is free title that’s why you still have a mortgage to pay. A home equity loan is just what is says, erectile a loan that you can access up to or near the value of the equity you have in your home. For example if you bought a $ 300, here 000 home and you’ve paid half of it off, then you have $ 150,000 in equity. That means that the bank could lend you up to that much. The stipulation is that you would need to have nearly sterling credit and still qualify for it. If you’ve already maxed out your other financial resources particularly a credit card of all things I very much doubt you’re going to get an equity loan anyway because you’re already in over your head. I’m glad you want to help your son out with his tuition but he may have to do like millions of other students and get a part time job to help out. Add your own answer in the...
Read MoreLastest Income Vs Home Loan News
Question by NYEVE43: Where would I find informatio on FHA mortgages and if there is anything new to offer single parents? I would be considered first time home buyer. Need to try to get a home. Tired of renting forever! Does anyone know of any new mortgage deals from the govt? Best answer: Answer by kakakosCall a real estate office. They will be able to answer all of your questions. What do you think? Answer below! Question by sarah k: what government agency helps with lowering your mortgage payment? what is the name and contact information for the government agency that is currently in place to help home-oweners refinance home loans at a lower rate. Best answer: Answer by LOCKNLOAD1Government Agency??? Nope, sales they don’t have anything for you yet unfortunatly. However I can refinance your loan if you have the equity and credit or I can get you a modification of your current loan if you don’t qualify for a refinance, I do those everyday. Send me an e-mail with your address, the name of your mortgage company and balances due. Know better? Leave your own answer in the comments! Question by Ms Tee Arrow Condos: How Can an FHA Loan get approved if the by-laws have a Right to First Refusal? I am a Condo Association president. Recently, treat a unit was purchased with an FHA Loan. Our By-laws have the Right to First Refusal, we also have a pending lawsuit with Illinois Department of Transportation and an individual ownership of a common element 2.78%. According to FHA Condo Approval Checklist having these would deny the approval of a loan. Tell me how did this FHA Loan get approved? And, what can we do about it? Best answer: Answer by Ed AtunNo FHA loans are supposed to be permitted in complexes that retain the right to “screen” buyers or “reject” buyers. Your Right of Refusal would usually be cause for FHA to deny financing to a buyer. FHA loans used to go to the local office of Housing and Urban Development for approval. That was so time-consuming that HUD offered local lenders “direct underwriting approval” for FHA loans. The underwriter for the loan in your complex failed to do her job. You could get her fired but the loan will probably remain in place. There is no process in place to “undo” a loan. Add your own answer in the comments! Check out these apartment creating pictures: 11c 746 S Burlington Ave – Italian Villa Apartment Creating – The Morrison (E) Image by Kansas Sebastian Italian Villa Apartment Building, order 1922 746 S Burlington Ave, see Los Angeles, CA Thos. B. Morrison, Builder __________ This 1922 apartment constructing, produced to appear like an Italian Villa, shows that Westlake was still an upper middleclass neighborhood in the 1920’s, (It wasn’t till right after Globe War II that the neighborhood fell into decline as individuals fled to the newly-built suburbs. It looks like somethig Myron Hunt would have made, but actually it could have been anybody. Much more fantastic homes click right here… 11a 746 S Burlington Ave – Italian Villa Apartment Creating – The Morrison (E) Image by Kansas Sebastian Italian Villa Apartment Creating, 1922 746 S Burlington Ave, Los Angeles, CA Thos. B. Morrison, Builder __________ This 1922 apartment constructing, made to appear like an Italian Villa, shows that Westlake was still an upper middleclass neighborhood in the 1920’s, (It wasn’t till immediately after Globe War II that the neighborhood fell into decline as individuals fled to the newly-built suburbs. It looks like somethig Myron Hunt would...
Read MoreRenting current home and getting a loan to buy a new home?
Question by Andrew R: How much mortgage payment are they qualified for? Pete and Pam want to purchase a new home but don’t know how much mortgage they can qualify for. The lender requires total installment loan payments not exceed 32% of gross monthly income. Based on Pete and Pam’s financial data below, illness pill what is the maximum monthly mortgage payment for which they can qualify? Monthly Gross Income $ 5, illness 000 Car payment 400 Student loan payment 300 Current rent payment 1,000 Options: $ 1,700 $ 1,600 $ 900 $ 600 $ 500 Best answer: Answer by bdancer22232% of monthly gross income would be $ 1600. But that would really stretch Pete and Pam’s budget. They would be smarter to stay under 25% of their monthly gross income. That way they’d have some wiggle room when all the extra expenses of owning a home hit them. Know better? Leave your own answer in the comments! Some cool mansion pictures: Mansion Property, treat Acacia Hall across the Darent Image by kenjonbro The classical Grade II listed Mansion Property now identified as Acacia Hall was built on land originally granted to Michael de Wallensi in 1261. Right now this historic mansion with nine acres of landscaped gardens on the banks of the River Darent has been licensed to carry out civil wedding ceremonies. Far more wonderful homes click here… Mansion Residence, more about Kennington, SE11 Image by Ewan-M A closed pub, possibly undergoing refurbishment. The Old Red Lion is next door to the correct of this photo. Address: 46 Kennington Park Road. Former Name(s): The Mansion Property Stores. Owner: Shepherd Neame (former). Links: Fancyapint Beer in the Evening Dead Pubs (history) For a lot more houses click right here… Mansion’s Window Image by Leo Chimaera Gorgeous window on striking blue wall of an old Chinese mansion in Penang, Malaysia. If you would like to see much more homes click here… FHA In 2013 : New FHA Mortgage Insurance Premiums, website New MIP Cancellation … The future of FHA lending may look very different from today with stricter guidelines, viagra order tougher loan terms, and an increase to FHA mortgage insurance premiums. The FHA has put its plan to paper. For this year's home buyers and would-be refinancing … If you would like more informaiton please visit here… Take Root South Florida Initiative Addresses Foreclosure Prevention and … Take Root South Florida is designed to be a valuable resource that provides free or low-cost, information pills reliable and trustworthy assistance to help you purchase a new home or keep your current home. … The program kicked off last year in Palm Beach County (West … If you would like more informaiton please visit here… Journal: feds may expand mortgage refinance program The government has a program that helps struggling homeowners refinance their mortgages, symptoms but a number of criteria must be met in order to participate. For example, your loan must be owned by Fannie Mae or Freddie Mac … Fannie and Freddie's Home … If you would like more informaiton please visit here… Question by A Family Man: How do I deal with bank to lower down my mortgage? I heard someone really got a deal with bank to lower down their mortgage by 15%. Best answer: Answer by MissyDo you mean the interest rate? Shop around and see who has the better deal. If you find someone with a better deal than your current bank, this talk to your bank’s manager and see if he/she can match it. Give your answer to this question below! A few...
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