Unique Loan Programs

Information regarding all unique real estate loan programs available in the market place today (i.e., stated income loans, no doc loans, no FICO loans, high ration loans, gross qualifying loans, etc.).

Should I refinance or wait some more?

on Feb 8, 2025 in Unique Loan Programs | 1 comment

Question by stant_98: Should I refinance or wait some more? I have two mortgages: first with a balance 186K and second with a balance of 27K. My loan to value ratio based on the value of home and first mortgage balance is 91%. My first mortgage as a 5-yr ARM due to reset in June 2010. I qualify for “Make Home Affordable” Program. I’ve been told that under this program I will not have to pay PMI. Should I rush into refinancing my home or wait? Best answer: Answer by golferwhoworksI would while it has funding as that can go away at any time Give your answer to this question...

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Obama Birthday

on Feb 7, 2025 in RE Finance | 0 comments

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Castle Grounds.

on Feb 6, 2025 in Real Estate Info | 5 comments

by SS&SS Question by Steve M: How can I raise my credit score 30 points very quickly? I need 20-30 quick points on my credit and I dont have a whole lot of money to pay down balances. I am at 590-600 and i need to be at 620 for an FHA mortgage loan. Any suggestions will help!!! Best answer: Answer by JudyNeed more info. If you ever touch 75% of usage of your limits you are causing extreme harm to your score. Even bringing them down to 50% of limits can give you a boost. Optimal use only 25% of your limits. For 800+ scores – pay in full each month. Do not open any new credit. Do not close old accounts. Only secret is to lower your debt utilization ratio on your cards. Then wait for the score to reflect the change. Credit cards update on the credit card’s closing date – usually. (only once a month). / Give your answer to this question below! Some cool massive property images: Construction and Expansion at the Large Residence (University of Michigan, physician Ann Arbor) Image by cseeman More fantastic homes click here… Construction at Michigan Stadium (the Huge Home) – University of Michigan’s Football Stadium Image by cseeman If you would like to see much more properties click right here… Construction at Michigan Stadium (the Large House) – University of Michigan’s Football Stadium Image by cseeman If you would like to see more properties click right here… Question by loismae01: What do you classes do you need to become a Mortgage Loan officer? I would like to become a Mortgage Loan officer. What classes would I need to take to do that. It used to be just Real estate license. But Im seeing other things like NMLS, visit this site Loan officer training course, discount Processing course,Fha/va course. Can you tell me what I need to do. I’m in Cal. Best answer: Answer by loanmasteroneMost states have established a contracted with national firm for the classes and administer the test for those seeking to become mortgage loan officers. You would need to have a mortgage loan officers license to work for a mortgage banker/broker. If you decide to work for a bank, then a mortgage loan officers license if not required. You should google mortgage loan officer requirements followed by California to see what the requirements are to become a mortgage loan officer in California. I hope this has been of some benefit to you,good luck. “FIGHT ON” Add your own answer in the comments! Question by lore81: Can I get a second mortgage loan on a purchase outside of the state Im living in? I want to help my parents buy their first home, approved but because they may not have a good credit score, I was wanting to apply with them to help them. How can I do this? Best answer: Answer by daeve930The first thing to do is check their credit scores. I use annualcreditscore.com, and you can order each of the three major bureau reports there. You have to pay for the score. I think one is $ 5.95 and the other 2 are $ 7.95. Don’t buy any other services from them. What they call debt analysis is something you can do in seconds for free. Just add up all your monthly payments from the reports, and divide by the monthly gross. That’s you debt to income ratio and what they call debt analysis. Most lenders will line up all three scores for all the borrowers and use the lowest middle score. Yes,...

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LNR Property Closes on Land Deal in New England

on Feb 6, 2025 in Real Estate Info | 0 comments

by williamcho National Actual Estate Investor If you would like much more informaiton please check out...

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Nj Real Estate News

on Feb 6, 2025 in Real Estate News | 6 comments

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Compare mortgages?

on Feb 5, 2025 in Unique Loan Programs | 1 comment

Question by Rebecca C: What is a home equity loan? Can you get a home equity loan on a mobile home and 6 acres? Best answer: Answer by Wayne ZMaybe. What is the home and land worth and home much do you owe on it. Give your answer to this question below! Why a government agency won't lower mortgage fees for borrowers Two influential housing industry trade groups voiced alarm this month about the fees borrowers must pay when they take out a mortgage backed by the Federal Housing Administration – a popular source of loans for cash-strapped, cure first-time home buyers. If you would like more informaiton please visit here… 3 Ways Foothill Credit Union Offers Easy and Efficient Home Financing Whether you are considering homeownership for the first time or currently own a home and are looking into refinancing options, more about consider applying for membership at Foothill Credit Union. If you are an … If you are a first-time home buyer who cannot … More informaiton please visit here… Question by : Compare mortgages? A person buys a house for $ 50000 through a mortgage bond. The interest payable on the mortgage bond is 7.5% P.A. throughout the term of the mortgage. Length of maturity of this bond is 25 years. Another person buys another house through a mortgage that attracts an interest of 9% P.A throughout the term of the mortgage. The maturity period of this mortgage is 20 years. These two people have similar jobs and earn identical salaries. Who is better off on the monthly repayments? What other considerations would you take into account in comparing the mortgage deals? Best answer: Answer by loanmasteroneThis sound as if it is a home work question. Though there are many that are qualified and would solve this problem, remedy you would only know the answer not the method in which the problem was solved. This is the essence of homework so you would be able to explain the method in how you solved the problem. This would allow you to solve many problems of this nature in the future. I hope this has been of some benefit to you, good luck. “FIGHT ON” Give your answer to this question...

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