Relocating: What income is looked at for the home loan?
Question by …: does anyone have any resorces on low or bad credit home loans? I am trying to find a home loan but i dont have good credit my score is pretty low and i dont have much of a down payment does anyone know of any place i could look to mabey get a home loan in florida? I am new to the whole process and dont know what to look for a lot of places say bad credit is ok but you have to have at least a 600 credit score?? I dont know where to look anymore. Thanks for the help. Best answer: Answer by steve g You may qualify for an FHA loan. The down payment is low and the credit scores aren’t as important. Know better? Leave your own answer in the comments! Question by Karen S: Relocating: What income is looked at for the home loan? I am thinking of moving from California to Utah. In qualifying for the home loan, about it do the banks look at my current income and job or do they want to see proof of income and job from a Utah company? I would think they would want to see proof of employment in Utah, sickness but not many companies will hire you 2 months before you can actually start. Any feedback would be much appreciated. Thank you. Best answer: Answer by GeniYour saving grace will be the amount of the down payment you can put down. The potential mortgage holder may want verification from the new Utah company, cialis 40mg showing your projected salary. And your previous tax returns to show your financial history. Good luck to you. Know better? Leave your own answer in the...
Read MoreQ&A: Why did banks and Mortgage companies give loans to people without checking thir ability to pay them back?
Question by ds: Why did banks and Mortgage companies give loans to people without checking thir ability to pay them back? No doc loans? Home loans that do not include taxes or Insurance given to people who have NEVER held a job in their life? Why did they do it? Best answer: Answer by Michael MGreed. Add your own answer in the comments!
Read MoreDid financial institutions fail to verify income and the ability to pay before they approved Mortgages?
Question by bbwg_hbic: Where can I get a loan for a home when I have filed bankruptsy? I need to get a home loan but I went through a divorce and filed bankruptsy. I make good money so I can pay a mortgage. Im in an apartment now and pay my bills fine. and my credit has been good before and after bankruptsy. Except for about 6 months before I filed. Ive tried to get a loan for a home and have been turned down because of my credit score caused by bankruptsy. Best answer: Answer by stevemorbitzerYou need to call a lender and ask for counseling. Ask a real estate agent in your area for a referral. The lender can tell you what to do to get your credit cleaned up or ever a loan. It may be higher interest. You can also look in the paper for “Money to Lend” in the classifieds. What state are you in? Feel free to e-mail me. Add your own answer in the comments! by maureen_sill Question by I just LOVE LOVE!: When you go to underwriting for home loan approval do you have to have the down payment funds? When you go to underwriting for home loan approval do you have to have the funds in your account for the down payment or can you get an approval contigent upon having the funds? Best answer: Answer by LandlordYou need prove of funds, visit this site including a paper trail of the funds for the last 3 months. Add your own answer in the comments! by Editor B Question by GustavoZ: Did financial institutions fail to verify income and the ability to pay before they approved Mortgages? Until recently, information pills borrowers could simply state their income. Mortgage brokers would often “fix” the necessary documents to obtain a no income loan. This led to an alarming number of homeowners in houses that never should have qualified for. Best answer: Answer by golferwhoworksso what is your point. Bill Clinton signed the bill into law and now we are all paying the price. It was all greed in the investment sector and since the loans were there many people bought more than they could afford and now are foreclosures. There are 3 C’s to lending and they need to be followed Add your own answer in the...
Read MoreWhen you go to underwriting for home loan approval do you have to have the down payment funds?
Question by bbwg_hbic: Where can I get a loan for a home when I have filed bankruptsy? I need to get a home loan but I went through a divorce and filed bankruptsy. I make good money so I can pay a mortgage. Im in an apartment now and pay my bills fine. and my credit has been good before and after bankruptsy. Except for about 6 months before I filed. Ive tried to get a loan for a home and have been turned down because of my credit score caused by bankruptsy. Best answer: Answer by stevemorbitzerYou need to call a lender and ask for counseling. Ask a real estate agent in your area for a referral. The lender can tell you what to do to get your credit cleaned up or ever a loan. It may be higher interest. You can also look in the paper for “Money to Lend” in the classifieds. What state are you in? Feel free to e-mail me. Add your own answer in the comments! by maureen_sill Question by I just LOVE LOVE!: When you go to underwriting for home loan approval do you have to have the down payment funds? When you go to underwriting for home loan approval do you have to have the funds in your account for the down payment or can you get an approval contigent upon having the funds? Best answer: Answer by LandlordYou need prove of funds, visit this site including a paper trail of the funds for the last 3 months. Add your own answer in the...
Read MoreWhere can I get a loan for a home when I have filed bankruptsy?
Question by bbwg_hbic: Where can I get a loan for a home when I have filed bankruptsy? I need to get a home loan but I went through a divorce and filed bankruptsy. I make good money so I can pay a mortgage. Im in an apartment now and pay my bills fine. and my credit has been good before and after bankruptsy. Except for about 6 months before I filed. Ive tried to get a loan for a home and have been turned down because of my credit score caused by bankruptsy. Best answer: Answer by stevemorbitzerYou need to call a lender and ask for counseling. Ask a real estate agent in your area for a referral. The lender can tell you what to do to get your credit cleaned up or ever a loan. It may be higher interest. You can also look in the paper for “Money to Lend” in the classifieds. What state are you in? Feel free to e-mail me. Add your own answer in the...
Read MorePeoples Bancorp Reports Fiscal 2012 Earnings
Check out these apartment creating pictures: 0801 | Drake Apartment Developing | 2009 | East Side Image by Facility Records | MSU Physical Plant 0801 | Drake Apartment Building | 2009 | East Side If you would like to see more properties click right here… 0802 | Howland Apartment Constructing | 2009 | South Side Image by Facility Records | MSU Physical Plant 0802 | Howland Apartment Developing | 2009 | South Side If you would like to see much more homes click here… by eyewashdesign: A. Golden Question by reychael_rios2001: How can someone who is on disability income , look w/poor 2 no credit credit, diagnosis get a home loan? Can a person on disability income with poor to no credit,married, combined incomes get a loan big enough to purchase a small family home with enough to pay of other debts Best answer: Answer by sundayschild63If you can find a co signer that has good credit,that trusts you enough to sign for you. Thats the only way I know of. Add your own answer in the comments! Question by garnegus: NEED ADVISE ON FHA HOME LOAN VS PRIVATE LOAN? HELLO EVERYONE. I SEEN A FORECLOSURE PROPERTY OWNED BY CHASE PREVIOUS BROUGHT 50Ok AND NOW SALING FOR 289k. NOW I HAVE THE CASH, sales CREDIT, capsule INCOME, approved BUT THIS PURCHASE WOULD BE MY SECOND HOME THAT I WANT TO MAKE MY PRIMARY RESIDENT. nOW MY FISRT HOME i LIVE IN , I HAVE PLACE IT ON THE MARKEFT TO SELL. I ONLY HAVE ONE PROBLEM, FHA REQUIRES THAT YOU HAVE 25% EQUITY IN YOUR HOME IN ORDER TO PURCHASE A SECOND HOME OR TO USE IT AS A RENTAL INCOME. I HAVE SOME TO CO SIGN WITH ME, BUT SHE PURCHASE A HOME LIKE ME 4 YEARS AGO AND WE BOTH HAVE NO EQUITY. SOMEONE TOLD ME TO GET A PRIVATE LOAN THEN IN 6 MOS, THEN FINACE IN 6 MONTH. DOES ANY ONE HAVE ANY EXPERIENCE WITH PRIVATE LOAN HOME PURSCHASE. I AM SO REDY TO BUY, BUT I CAN’T DUE TO NO EQUITY AND I DON’T HAVE ENOGH OF MONEY TO GO CONVENTIONAL. . ANY ADVISE????? Best answer: Answer by thedude81321Firstly, you should probably take caps lock off and properly use upper and lower cases, it will get many more people to answer your question. It sounds like you are not really in a situation to buy a home. If you don’t have enough money to go conventional, you may find that you don’t have enough money to keep paying for the house. A private loan may work, but it also could end up screwing you in the long run. If you don’t have the ability to get a conventional loan, will someone want to refinance you in 6 months? You may end up with that private loan for longer than you think. My suggestion is to wait on this whole purchase. Unfortunately, you can’t really expect to buy a home and then turn around and sell it in just a few years. This is also a terrible time to sell, and you can’t really count on your house even selling, so if you can’t afford this new one without your house selling, you are into another issue. Sorry to rain on your parade, but from what you’ve told me, this just doesn’t seem like a smart decision at the moment. Good luck. Know better? Leave your own answer in the comments! Question by jojo: I’m wanting to buy a 0, pill 000 house. How much should I expect to pay for a down payment and...
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