Nevada program would buy underwater mortgages
The proposed program would have the state create a $ 150 million nonprofit to buy up distressed mortgages en masse and refinance them. The newly appointed … Eighty percent of respondents said they had never heard of the Home Affordable Foreclosure …
For more informaiton please visit here…
Proposed Nevada program would buy 52000 underwater mortgages
The proposed program would have the state create a $ 150 million nonprofit to buy up distressed mortgages en masse and refinance them. The newly appointed … Eighty percent of respondents said they had never heard of the Home Affordable Foreclosure …
More informaiton please visit here…
Question by stargazer29us2006: Is there such a thing as home loans based on wages rather than your credit?
Is there such a thing as home loans based on wages rather than your credit? I don’t have good credit because of some old bills. I’m paying them off. My rent is never late. I make around $ 40, seek 000+ a year (depending on overtime). Where can I go for this type of loan?
Best answer:
Answer by Dixie Darlin’
Nowhere, there is no such loan.
Loan approvals are based on a variety of information like, they will review your finances, such as income, job history, credit history and other credit factors.
Add your own answer in the comments!
Question by Rose Arizona: What’s it called when you basically stop mortgage payments and give your house back to the bank?
We have a mortgage, information pills loaned from the bank, information pills and we’re considering just giving it back, malady because we can no longer make the payments. What’s the official term for that?
I guess I know it’s called foreclosure, but I thought that was only if it was initiated by the bank, and not the loanee.
Best answer:
Answer by charlie
Foreclosure
If you can try to keep making payments or sell your house it would be best. Otherwise it’s going to ruin your credit.
If you the borrower initiate then it is called deed in lieu of foreclosure. You still get a hit on your credit but it’s not as bad as a foreclosure.
Keep in mind you might still have to pay deed tax on thecanceled debt which is considered as income. The tax is calculated on the basis of unpaid balance.
What do you think? Answer below!
Question by Mark: Does a refinance count towards my limit of two VA home loans?
I bought my house with zero money down on a VA loan and refinanced two years later for a lower interest rate. I recently heard that a veteran is only allowed two VA loans.
Does my one refinance make me ineligible towards another VA loan?
Best answer:
Answer by falsi fiable
Limit of two VA home loans, ed regardless of purpose (purchase or refinance).
If you refinance through a non-VA loan program, visit this it won’t count against you.
Give your answer to this question below!
OVERNIGHT MONEY: Lining up for Lew
Democrats also are looking to pin Lew down on some of his less well-documented opinions, adiposity but mainly as a matter of due diligence than overarching concern about his qualifications. All told, price barring some bombshell, this site it looks as if Lew will … Lawmakers …
For more informaiton please visit here…
Lender Shortage Impacts Real Estate
But with major mortgage lenders including BofA, Citigroup (C) and Morgan Stanley (MS) today burdened by MBS liability and tough mortgage memories, there may be a shortage of willing lenders, especially at the margin of borrower qualification. As demand …
For more informaiton please visit here…
Mortgage Rates: Interest Rates Flat Ahead of State of the Union Address
Today's FHA 30 year fixed mortgage interest rates are as low as 3.250%, FHA 15 year fixed mortgage rates are as low as 3.125% and FHA 5/1 ARM loan rates are as low as 2.500%. There are several options available when choosing an FHA … 3 yr auction. No …
More informaiton please visit here…
