Small loan lender in Ohio
I live in Ohio and real estate developers are offering ready-to-move-in homes under $50k. A two-bedroom brick ranch home was listed at $40k but I couldn’t find a lender willing to approve a small amou...
Akron, OH - Nov 15th 2021
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Can we pay of mortgage from our savings?
My husband recently passed due to COVID-19 and I am looking to sell our current home to move to a smaller apartment that we can afford. Selling won’t get as much than we owe on the mortgage and we’d...
Alameda, CA - Nov 12th 2021
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Applying for a loan with 500 credit score
I have been renting for the past 5 years and I would like to buy my own home to have something I can leave for my children. There’s a $150k apartment on the market but my problem is my credit score is...
Bloomfield, CT - Nov 12th 2021
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Second closing payment?
My son just bought a new studio apartment and he was surprised when his lender asked him for an additional $15k for a second closing. This is the first time we heard about this and we want to know if th...
Forrest City, AR - Nov 12th 2021
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Sales agent having difficulty with mortgage application
I work in sales and I am a seasoned veteran with more than 10 years of experience under my belt. I have been earning base pay plus commissions regularly without any gaps in income in the past decade. My...
What loan to get with salary of $120k?
There’s a property in our neighborhood that an elderly couple offered to me at a very low price. They are moving to another state to be closer to their grandkids. The home was appraised at $150,000 an...
Newbie buyer with 100k down payment
Newbie buyer here applying for a $200k mortgage for a $350k property with $100k on hand for a down payment. I have a car loan at $350 a month that has a few months left to fully pay. I tried an online c...
How much income do I need for loan approval?
I have been self-employed for the past 10 years and the business has been doing great. My family and I are planning to buy a multi-family apartment worth $3 million. We have no debts other than the curr...
Borrowing money from a friend for closing costs
I was ready to buy a condo with a conventional loan but I lacked the funds for closing costs which amounted to $4k. My money is tied up in stocks that I can’t liquidate in time and I am afraid that I ...
Single mom applying for FHA loan
I was approved for an FHA loan at 3.5% fixed for 30 years. My monthly payments would be $1,700 which is higher than I expected. I am a single mom and I’m not sure if I can afford the payments. I still...
Can a builder force me to pick a lender?
I got pre-approved at 2.5% for a conventional loan at 30 years. I have a FICO of 837 and 822. My builder has a preferred lender that offers 3.125% with a 20% down payment. Can they force me to use thei...
FHA or USDA loan?
I live in NY and I’m shopping around for a conventional loan with a 3% down payment. I have a student loan and paying $300 a month to be fully paid in 2 years. Should I get an FHA or USDA loan?
Refinance or wait?
I live in a studio apartment in Boulder and I am looking to refinance. I refinanced last year and got a 25 year at 3.5% and plan to refi again to a 20 year at 2.75%. Should I go on with the refinance or...
Healthcare worker buying a home in Florida
I plan to buy a home in Florida next year. I’ve been working in the healthcare industry for 2 years now and I was told that I should work in the same industry for a longer period and make more money t...
Can I refinance even with just 2 years of employment?
I want to know if I can refinance a home with plenty of equity even when employed for just 2 years with nothing to show before that? My credit score is 720 without any debts at the moment.
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