I received a balloon modification which I have not signed yet and I do not want. its for 19 years and 6800 and at end of the loan
Take your current monthly payment and multiply it by the remaining months on your current loan & then do the same for the new loan with adding in the 6800 and see which one is less.

How can I get my fico from 630 to 730 in the span of a year??
It depends on what is causing you score to be a 630. It seems as though you feel it is a matter of credit card debt. If payment history is not an issue, and it is just a matter of balances, amount of cards, or percentage of available credit usage, then YES, you should be able to raise that score, and it won't take...

will i need to write a letter explaining $600 cash deposited in my account?
Are you using the bank statements to show that you have enough funds to close on a refinance or purchase? If so, you can just get a letter from your bank manager that states 1) what the current balance is 2) what the daily average balance over the last 60 days isThis should help you avoid this issue it...

2 years income history at new all commission job to get mortgage??
Was any percentage of your income from your previous position commission based? If so that might make all the difference, depending on what your front end/back end ratios are based off that specific commission based income averaged over the last 2 years. Additionally, if you are receiving a draw...

Are there any mortgage lenders in Waukegan IL who would approve a loan for someone with poor credit?
Loan Officers are available for in-home or at-work consultations. I would suggest reviewing your credit with a loan officer prior to that. Poor Credit is a relative statement, so you will want to go over your credit in detail, so if there is something preventing you from getting a loan (refinance or...

EQUIFAX 14 DAY WINDOW FOR CREDIT REPORT PULL
It means that you can have your credit ran as many times as you like (from different lenders while shopping for what you consider favorable terms) within the same credit type (mortgage, auto, credit card, etc) and your score will only be reflective of 1 of those "X" amount of credit inquires. If lenders...

What are HARP rules regarding co signers?
You can have a co-signer, but typically this is only used for income purposes and not for the purpose of getting better terms being they will be based off the lower of the middle FICO score.

how much money (in interest) will I save by paying off my mortgage today? we owe $198,000 with a 3.25% fixed rate. The loan originated in Feb. of 2012 with a balance of $220,000.00. Our monthly payment is $1566.00 including principal and interest. We do not escrow.
According to the rough estimated you have provided, it appears that you have a 15 Year Mortgage and the Monthly Payment should be $1545.87 based on a 3.25% Interest Rate and an original loan balance of $220,000. In order to calculate the amount of money you will save in interest you can simply plug in your...

Which credit score do lenders need?
Typically the lowest credit score I have seen lenders I work with accepting is 580. With that comes other restrictions and overlays - depending if it is a refinance or purchase. As previously stated, pulling your credit from a free source will not give you accurate credit scores being they are not...

does fha mortgage insurance cover death
No. FHA Mortgage Insurance covers the lender in the event that you default on the repayment of the loan. You are looking for what the Insurance Industry calls Mortgage Protection aka Term Life. It is a simple insurance policy that pays a predetermined amount in the event of the death of the person insured. ...

What could disqualify me from a usda loan?
Is there something specifically you are referring to? First, you need to go to the USDA website and verify that the property is located in an eligible area. Typically these are more rural areas as you will see when you search the property address in question. Also, is this a refinance or purchase? There...

if you have abill in collections how long do you have to wait after it is paid off to qualify fha mortgage
Depending on any lender overlays, there should be no waiting period. Some lenders require that if it is over "X" amount of dollars, that it needs to be paid before closing to qualify. Can you please provide more details and specifics regarding your situation. Thank you.

How do I know Im getting a good deal in refinancing?
After getting a few different quotes and comparing them - I would then make sure that an immediate benefit exists for you. Calculate the total amount of remaining payments you have on your current loan with the total amount of payments on the new refinance loan. Make sure you are saving money not only...

What is minimum credit score required to obtain a VA home loan?
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Who can help me with a VA Construction loan in Illinois?
Are you looking to build new or put an addition on to an already existing property that you own or would like to purchase?

Are all closing costs the same or will different lenders have lower fees etc.
That sounds extremely high. Are they charging you discount points to buy the rate down ? There is a difference between closing costs from a lender and 3rd party fees and/or prepaids such as insurance, property taxes. Additionally, it depends if this is a purchase or refinance since you will have...

Family members of military and qualifying for VA
Does your father have intentions of living in the home with you?

Would i qualify for any down payment assistance program?
Apply for the Welcome Home Illinois Program offered through WWW.IHDA.ORG $7500, assuming you don't make to much money and qualify. Additionally, when you put an offer on a home - request a closing credit to cover additional costs. Since you will be putting very down, the most you can probably qualify for...

what kind of rate would i get on a jumbo loan with a 736 fico?
Feel free to contact me at 312-256-4065. I am here locally in Chicago and after a short conversation I can get you a more precise answer. I am available this weekend if you need the answer prior to Monday. Thank you, Justin Murray.

Would like to refinance my Illinois townhouse while living abroad
I am here in Cook County - feel free to reach out to me. I am available all weekend. If all your ducks are in order, this shouldn't be an issue. I can prepare numerous different quotes for you so you can compare them side by side and choose the option that best fits your financial situation. Thank you, Justin...