For a Making Home Affordable loan modification, is amount of equity considered in the approval process?
[cr] by superflexnet Question by I’ll_Beat_U_At_Pacman: What’s the best way to find the lowest mortgage rate possible after getting an accepted offer? What do I need to do to know I am getting the best mortgage rate possible (just got an offer on a house accepted) – I live in Indianapolis, about it likely will get a 30 yr fixed. Any ideas on what kind of rate I should be looking for Best answer: Answer by Not IThe rate is dependant on How much of a mortgage, erectile how much down payment you have, sickness Your credit score, your debt to income ration. Start with the bank where you have your checking and savings. Look online what the National companies are offering. Wells Fargo and such Know better? Leave your own answer in the comments! by jann_on Question by Bman: For a Making Home Affordable loan modification, cure is amount of equity considered in the approval process? A representative at my lender mentioned if you have over 30% equity in your house, ampoule the modification can be denied based on that. But a counselor at the Making Home Affordable Hope Hot line told me that the equity should not be considered for approval. Best answer: Answer by godgedAsk the counselor to provide you with a link to the information that states the amount of equity is not to enter into the equation. SHOULD NOT is very weak footing though, if the information really says should not, the lender can deny you based on your equity. Best of luck to you. Know better? Leave your own answer in the...
Read MoreNon-Warrantable Condos: Why They Are Bargains
Happy Valentine’s Day! Wishing everyone a sweet and wonderful day! I LOVE this arrangement from Dolce Design Studios! A nice alternative from red. Good Old White! No doubt about it, approved color is super hot right now but how can you go wrong with white? I love these little details from a wedding last summer – all white with little hits of color and texture. It is hard to see but the signature cocktail had a gold flake garnish to add a little sparkle. Pure and simple! Good Old White! No doubt about it, ampoule color is super hot right now but how can you go wrong with white? I love these little details from a wedding last summer – all white with little hits of color and texture. It is hard to see but the signature cocktail had a gold flake garnish to add a little sparkle. Pure and simple! Unique Mortgage Banking Up To Date & Unique Mortgage Banking Programs Finance One provides the most up to date and unique mortgage banking real estate loans including Hard Money for borrowers and/or properties that do not meet conventional underwriting guidelines. We offer many types of unique mortgage banking solutions including low rate Stated Income Loans to $2M, cure Foreign National loans, remedy non-warrantable condo financing, page low rate private/hard money loans from $150K+ (commercial and residential)…we have many Private Mortgage Banking specialty financing solutions… Read More or Contact Us > Nationwide Unique Mortgage Banking Program Details: FHA HARP Program: We are one of the few experts of the HARP home loan. Borrowers will soon be able to refinance no matter how far “underwater” they are. Must have made last six payments, one missed payment in the last year max and have a job or other income. No income, no asset, no appraisal… Read More > Residential Portfolio Lending: Unique mortgage banking residential no income and high ratio loans are in high demand. We offer stated income loans to 80%+ with low competitive rates to $2M+; low rate and interest only super and ultra jumbo loans to $10M+; low rate gross income qualification loans to 80%; hard money loans to 70% (with the lowest hard money rates to boot)! We also finance Foreign Nationals, non-warrantable condos and condotels nationwide! Call for more Unique Mortgage Banking information… Read More > No Doc Loans: The Unique Mortgage Banking Express No Doc Loan is designed to make No Doc Loan financing fast, easy and accessible. The No Doc Loan program (no income, no asset, no fico) is the most streamlined No Doc Loan program offered… Read More > Stated Income Loans: Three Unique Stated Income Loan available nationwide (some states case by case). Loans up to 80% LTV NO FICO, NO ASSETS… Read More >, FL Read More > High Ratio Loans: Unique Mortgage Banking common sense underwriting nationwide. We can use the high ratio Loan program, aka Asset Depletion, to offset ratio guideline for borrowers with significant assets… Read More > Foreign Nationals : We can lend to Foreign Nationals! Passport needed at minimum. Unique Mortgage Banking conventional financing may require US bank account and in some cases US income… Read More > Condominiums: Non warrantable condos, condotels (condo hotel) and co-ops. Non-warrantable condos nationwide, condotels nationwide…very low competitive Unique Mortgage Banking rates… Read More > FHA Streamline: Take advantage of the FHA Streamline Refinance and turn the equity you have built up in your home into cash to aid in bills, college, a new roof, etc… Read More > Commercial: Prime or Non-Prime…we are very creative and do what it takes to close loans. The lowest Unique Mortgage Banking...
Read MoreHow will the new Geithner program help homeowners?
Question by ChrisB: Where can i find current FHA streamilne rates? I am looking for a site that I can go to and get daily updates to mortgage rates. Particualrly FHA streamline rates. I feel like I am hassling my broker when I email him daily (or twice a day) to get rate updates. Hopefully the sites people may post are consistent rates among brokers. Thanks! Best answer: Answer by Uncommon SenseWall street Journal…and why so anal about rates? They’re not going to do much in a day or 2. What do you think? Answer below! A handful of nice castle images I located: Castle siege Image by Matija Grguric Castle siege entry for Traditional Castle Colossal Contest VI in 2008. Contest entry consists of 3 pictures. As an alternative of taking three images of the same MOC, seek I decided to make a tiny story out of it in 3 scenes. It is nonetheless the same MOC, online but every time a bit modified. For a lot more homes click right here… Castle siege Image by Matija Grguric Castle siege entry for Traditional Castle Colossal Contest VI in 2008. Contest entry consists of three photos. Instead of taking 3 images of the very same MOC, I decided to make a little story out of it in three scenes. It is nonetheless the very same MOC, but every single time a bit modified. Much more excellent houses click here… Question by huh: How will the new Geithner program help homeowners? Can somebody explain how this program is going to help the homeowners directly, page whether your a seller or a buyer. Best answer: Answer by Julius S1. Are you the owner of a one- to four-unit home? YES 2. Do you have a loan owned or guaranteed by Fannie Mae or Freddie Mac? YES 3. Are you current on your mortgage payments? YES “Current” means that you haven’t been more than 30-days late on your mortgage payment in the last 12 months. 4. Do you believe that the amount you owe on your first mortgage is about the same or less than the current value of your house? YES YES, viagra dosage YOU MAY QUALIFY FOR A HOME AFFORDABLE REFINANCE Based on your answers to all of the refinance eligibility questions, more about you may qualify for a Home Affordable Refinance. The next step is to gather the information you will need when you speak to a housing counselor or the servicer of your mortgage. This includes: CHECKLIST * Information about your mortgage, such as your monthly mortgage statement and * Information about the monthly gross (before tax) income of your household, including recent pay stubs if you receive them or documentation of income you receive from other sources. * Your most recent income tax return. * Information about any second mortgage or home equity line of credit on the house. * Account balances and minimum monthly payments due on all of your credit cards. * Account balances and monthly payments on all your other debts such as student loans and car loans. Know better? Leave your own answer in the...
Read MoreSubprime Mortgage Lending : What?s Good About It?
Question by Matthew S: How long does it take a true no doc loan to close? I am going to be applying for a True No Doc home loan this week. Getting approved won’t be a problem since I have a 760 credit score but I was wondering how long it will take this loan to go through assuming all title and appraisal work is accurate. Thank you for your answer. I want to close on this home quickly. Best answer: Answer by FakePlasticTreesI’m wondering that myself actually. What lender are you using? Give your answer to this question below! Question by streetkings01: What if you are unemployed but are getting unemployment benefits and you want to refinance your FHA streamline? Just curious. I am still employed, pills but my wife lost her job a year ago and has been collecting unemployment benefits. We have an FHA mortgage thru Chase and were looking into a streamline refinace, medical but since the guidlines have changed as of 2010…….would we still qualify? @ Iffy – See thats the thing…….I keep reading different things. According to one site it says – We need to show that you are employed and have income coming in. We dont need to do a full underwriting of your income. I also spoke to a broker via email that told me the same thing. But I also read an article that said they have to verify that income is sufficient enough to pay mortgage. My issue is this……..I have never been late on a payment in 2.2 years and my have has been unemployed going on 2 years…..that should be enough to let them know that we still are getting it done. Best answer: Answer by IffyOdds are no based on 1 income only. What do you think? Answer below! Current Mortgage Rates for Wednesday, viagra buy September 26, sildenafil 2012 Same stuff, different day. I could probably consider cut and pasting yesterday's synopsis into this spot and call it a day. Once AGAIN mortgage rates are under downward pressure, for more or less the same reasons that they were yesterday. Uncertainty … For more informaiton please visit here… Current Mortgage Rates for Monday, September 24, 2012 Last week mortgage rates once again pushed into record low territory. With little in the way of significant economic data or news of real substance, the benefit of the Fed's newest round of easing may be filtering its way down to consumers in the form … If you would like more informaiton please visit here… One Christmas, ailment we saw this squirrel nibbling berries off the tree out front. It was extremely funny, so we videotaped it. Now it’s even funnier, since the squirrel’s action sync up so perfectly with the music that just happened to be playing on the livingroom stereo (I produced my mom a mix tape). Featuring Simon and Garfunkel carrying out “Cecilia”, Eartha Kitt carrying out “The Heel”, and Screamin’ Jay Hawkins doing “I’m Lonely”. Filmed in Sacramento. Far more great true estate information click right here… Marty Macisso Regency Realty Group Maine Actual Estate Market Evaluation For far more actual estate new click right here… by doug88888 Subprime Mortgage Lending – Expanded Guidance In June 2007 the federal monetary regulatory agencies collectively issued a Statement on Subprime Mortgage Lending. This statement contained references to an earlier document issued by the Comptroller Office’s for Currency, medicine the Board of Governors of the Federal Reserve Method, see the Federal Deposit Insurance coverage Corporation, order and the Office of Thrift Supervision. The latter document, the 2001 Expanded Guidance...
Read More0804 | French Apartment Developing | 2009 | South Side
A few great apartment creating images I found: 0804 | French Apartment Developing | 2009 | South Side Image by Facility Records | MSU Physical Plant 0804 | French Apartment Building | 2009 | South Side More fantastic homes click...
Read MoreI heard that Federal lowered mortgage interest rate by 0.5% who are qualified for this benefit?
A couple of good condominium pictures I found: Condominium I Image by markyeg Hunting northeast upward at a condominium. If you would like to see a lot more properties click right here… by eyewashdesign: A. Golden Question by goofyjr2004: I heard that Federal lowered mortgage interest rate by 0.5% who are qualified for this benefit? I heard a news about Federal goverment lowered mortgage rate by 0.5%, medical is it true? Who is qualified for this benefit? We get our loan from a mortgage company. Best answer: Answer by glennIt is not true. Mortgage interest rates are determined on the open market and not fixed by any agency. The Fed lowered the funds rate by .5%. That is an interest charged by one bank to another and has some effect on other rates because the cost of funds to the banks are cheaper. But the effect on long term loans like housing loans would be very limited. It may help the economy maintain some strength and help job growth. But the federal government does not control mortgage rates at all. The Federal Reserve does not control mortgage interest rates at all. What do you think? Answer...
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