What is a 203K Loan? Are these government loans, part of the new bailout?
Are you looking to make repairs on your home? If not you likely do not need the 203k. A 203B streamline would likely be better for you in that case. What is your current interest rate?Feel free to email me at netherton@nc-mc.com or call at 970-590-5021 and we can prepare a quick quote for you right away.Nic

Private Lender?
Yes the do exist.Advantages: They will do loans that conventional lenders will not do.Disadvantages: Usually come with much higher interest rates.

IN this rate environment which os better 40 or 30 year fixed?
30 year would be better if you can afford it. Spreading your payments out another 10 years would just increase the amount of interest you would pay. Where are you looking to buy?Nic Nethertonwww.nicnethertonloans.com

New Property
Is there a loan on the property? If so you'll need to refinance to get it out of your name. If it's free and clear you can just go into any local title company and ask for to prepare a quick claim deed to take your name off of title.

I am confused, which is better normal or FHA? and what is the difference
If you have good credit and have substantial down payment there is no need to incur the high costs of an FHA mortgage. On the other hand if you do not have the best credit and a lower down payment FHA is the way to go for you.How is the your credit and prefered down payment?

VA Home Loans
Yes it is true. VA loans do not require a down payment and no monthly mortgage insurance either. 620 FICO score minimum. Feel free to shoot me an email at netherton@nc-mc.com or phone call at 970-590-5021 and we would be happy to help you learn more about your VA eligibility.Nic

Want A Mortgage, Need Expert Advice
How bad is your credit? What is the score?

What is better co-borrower with not so great credit or no co-borrower at all?
Depends on what the reason for the need for a co-signer. If it's to provide sufficient income to qualify and they have at least a 620 it's better to have the co-signer. Shoot me an email at netherton@nc-mc.com and we can analyze your situation to see what would work best.Nic

how to refinance when you are told the property does not meet certain guidelines
You will probably need to look into some local credit unions or your current bank for options as that amount of rented units is going to be a problem with most conforming programs.

Fastest way to get my name off multiple properties
Go to a local title company and ask them to perform a quit claim deed to take your name off of the title.

Tax Lien and a Mortgage
It will likely need to be cleared up. Did you ever pay it? With that credit score you are good to go with an FHA loan but you will likely need to address the lien. If it was paid back then you would just need to provide the proof to the lender and you'd be fine.

Should I Shop Around
Mark- Your best bet would be contact Gregorio Denny with TriPoint who just gave you the best answer to your question. He is there in California and am sure he would be happy to assist you with your mortgage needs. Click on his profile and his contact info is right there. You won't regret it.

Hello, we are currently looking to by a home. The home needs some updates but, we are being told that the lender (s) no longer allow for repair credits by the seller at closing? This is something new. How do you get new carpet or replace out dated forms after closing?
What type of financing are you using? The FHA 203k loan sounds perfect for your scenario. Try finding a local TN lender who is VERY experienced with the 203k because that will be the key to a smooth transaction.

How do I make fake paysubs?
How do you look in stripes?

Life Use Of Property
That definitely doesn't sound right but it definitely would be best to contact an attorney to obtain a definitive answer. Best of luck.

Should I let my 7-1 ARM just reset ? They aer telling me it will be cheaper than what I am paying at 5.25% for a jumbo.
Adiene--What do your conforming rates have with anything? The poster is asking a question about his Jumbo loan.

two questions: one. Will the tax credit be extended? two. is the 10K off of taxable income or off of tax owed?
Haven't heard anything about it being extended. And the credit would come off the tax owed to the IRS.

Does my bank account balance affect qualifying for a mortgage
Not necessarily but you definitely don't want to be showing the lender statements with insufficient funds charges. As long as you are showing a consistent average balance with sufficient funds required to close the loan you should be fine. Having a couple months reserves would help with the...

Must I occupy my FHA home the entire time?
No shouldn't be a problem as long as you move in right away as that is your intent to have that as your primary residence. The 9 months could just be considered a vacation. Your vacation plans are of no concern to the lender as long as you keep making the payments on time. Just make sure the checks keep...

I am worried about my current credit score please advise
As long as the inquiries are all recognized as mortgage inquiries they will only impact your score as one. Let me know if you need a good referral for a loan officer in Arizona. Email at netherton@nc-mc if interested.Best of luck.