Are home loan modification fees tax-deductible?
Not deductible. Also, if the company is not reputable, I would report them. Did you sign an disclosure agreement concerning their fees?

I am making less money than when I bought my house. I want to know if there is a program out there that I can refi and get my interest rate down and payment down. I have an interest only mortgage with a 5 year arm. The 5 year arm is up next December and I want to refi. I have good credit and never been late on my mortgage payment.
Sure there are many programs out there for borrowers, you have to connect yourself with a Mortgage Broker or Loan Officer who's knowledgeable and experienced in those programs....such as myself. Your present mortgage balance and the appraised value is most important. If interested in getting...

New mortgage guidelines affecting people with good credit?
Based on your scenario, you should not have a problem getting a Conventional loan. I would definitely go to another lender.

Is comparing Good Faith Estimates between 2 lenders the best possible way to compare 2 loans? if so, what should I be looking for?
Check the APR....most importantly. Question any fees that you do not understand.

My husband and I are trying to find out how to buy our first home. Anyone with info., please email me or message me on here please. Thank you
Call a Mortgage Broker or Bank to get prequalified first. Based on your information, they should be able to tell you how much you qualify for. If your credit is in good standing, you'll be able to move forward with the process. A great Mortgage Originator will guide you from start to finish...

Do I have to be pre-qualified before I start looking for a home? We have already started our search and found a couple of homes of interest. What is next? what is prequalify?
Absolutely!

I would like to refinance but I am currently about $60,000 upside down on my mortgage. I have good income, excellent credit rating and minimal debt.
I would contact my lender to find out what type of programs they have to refi your loan at the current market value. There are ONLY 3 Lenders that I know who will do a short refi at the moment. What's the name of your present lender?

what should my credit score be before a lender would loan me money
Acquire a 640 for better rates. However, there are still a hand full of lenders who would accept score from the 600's. 640 or above should be your goal.

discharged two years ago out of chapter 7 bankrupcy am i able to get a home loan
An FHA loan purchase requires 36mos out of BK however, if you go conventional, which is5 - 10% down there are a couple of lenders who will accept your loan. Underwriting decision is on an individual basis.

Does too much debt effect my FICO also or does it just effect my DTI?
Any debt over 30% of your credit limit reduces your credit score and affects your credit score and DTI.

Is a down payment required when porting your mortgage to new home?
Are you stating that your present mortgage balance is $150,000?

Mortgage payment? Credit Score 740
Mortgage payments are based on a few factors. One factor, of course is the interest rate and term of your loan.

Hi, I have a credit score of 575, related to medical debt that has been paid off, trying to buy a house.
With the amount of down payment you have, there are a couple of lenders I have in mind that will finance a home for you. Since you don not have any other debts other than the student loan, an explanation letter will definitely be required when your loan is submitted to the lender. What's the loan...

Replacing a 1st & 2nd mortgage with a home equity loan
It doesn't seem too good to be true. Not a bad option.

Would I qualify for a homepath loan?
First, it's good that you do not have any credit debt. Hopefully, you didn't close any accounts because it will cause your score to drop. Lenders look for a borrower to have at least three opened accounts, one of them should show at least a 24mos history and also in good standing, along with the...

Mortgage on a free and clear house..
When you visit your bank or mortgage broker's office, you would has them to explain the difference between the two types of loans. After a GOOD explanation, you would be able to make your decision based on your personal finances. Remember that a Home Equity Loan is USUALLY reported as a revolving...

I have a credit score of 645 is this good enough for a mortgage?
Depending on how you're going to finance your property. 5 - 10% down with conventional, 3.5% down w/FHA financing and if you're purchasing a HUD home, some lenders are still using the $100 down HUD homes program. Also, check with your local RE Agent to find out if that particular county has...

FHA loan refinancing with FHA streamline worth it ???
If you're planning on staying in the home for a long period of time, it's worth refinancing. Are you refinancing with the same lender? Yes, the appraisal fee is waived in a FHA streamline refi. Take a very CLOSE look at your closing costs. How long have you been in the home?

Can I re-fi a home loan that is in someone elses name if my name is on the deed?
Absolutely! Have you been prequalified and ready to start the process?

Refinancing a USDA Mortgage
Yes, your income will still be a factor if you're refinancing with a USDA loan.