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 kakakos
Call 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 LOCKNLOAD1
Government 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 Atun
No 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 have developed, but actually it could have been anybody.
More excellent homes click right here…
Question by Donte’: With bad credit, treatment can I refinance my mortgage to the lower rate or will my bad credit prevent me from refi?
I have heard conflicting reports on this.
Now paying rate: 6.25%
Mortgage Rates today: 4.5%
Can I get the lower rate with bad credit?
So I guess the gentleman on Good Morning America does not have his facts straight. He said even with bad credit your mortgage company will refinance because the lower rate will help you stay current on your house note.
Best answer:
Answer by SPIFIMAN1
Short and not so sweet, no you cant.
My Wife and I just recently refinanced our home and the lender told us they would not hav even considered it if out scores had not all been over 750.
What do you think? Answer below!
Actually it might be possible under the new “Home Affordable Refinance Program”, this requires most Fannie Mae and Freddie Mac lenders to work with you, if you have certain circumstances. Here is a website to check it out:
http://www.makinghomeaffordable.gov
GOOD LUCK!
You should contact the “loss mitigation” area of your Bank. Many branch offices are not even aware of the current solutions banks are setting-up to work with their customers. They might have a program that can assist you with a refinance, lower closing costs than on a typical refinance, and help rebuild your credit.