Is this true when you apply for a loan?

I heard that first time homebuyers need to prove that they have a large amount of money in the bank for 6 months. If you can't prove this you won't get approved for a loan. Another requirement is good...

Is it a good idea to refinance?

I need to do a refinance to lower my monthly payment. I have closed on the loan a few months ago and was forced to apply with the Builders preferred lender for cashback. Didn't have a good experience ...

First time home buyer with concerns

Hi, This is my first time applying for a loan and I have a few questions. Does a 100% payment history and constantly lowering debt count as something when trying to apply for a mortgage? My credit sc...

Hard money or construction loan? Which is better?

My mortgage broker told me that the builder gets paid directly through the mortgage company and will need to approve all the decisions on where the money goes to the house and paying the builder. Is th...

Can my credit cards affect my mortgage application?

My wife and I are planning to buy a house this year. I have 11 credit cards which I use to leverage my business and pay them off within a couple of months. I am thinking if this will be a problem when...

Should I get another job before applying for a mortgage?

Hi, I make around $55k a year and get $4500 in child support. I have no debts right now so I think my chances are good. I want to get approved for a $400k loan, is this possible? How much do I need t...

I am buying my ex out and fear that loan may be denied

I am currently refinancing a home that is in my name and my exs name. I am buying him out. The problem is, I was not able to secure the loan myself coz of credit card debts my ex left me. I added my ...

First time home buyer looking for a lender who can be patient given my c...

I'm looking for a lender who is patient and willing to help me buy my first home. I am a newbie with a lot of questions but I'm ready to do whatever it takes to seal the deal. I want a lender who is w...

Can I get my escrow money back?

I need some advice. I was ready to close on a property yesterday but the title company sent me a declination since the seller didn't provide the documents they were requesting. The problem is, the sel...

Is a loan possible with our credentials?

I am self employed since 2020. Tax returns show a large amount of deductions but no loss. I can prove through monthly deposits that my income is growing everytime. My wife is a W2 employee and has th...

Will I get a loan in today's market?

Hi, I plan to buy a home in the $500k range and putting 10% down. What are my chances of getting a loan? I have no debts. I got a second job paying $7k a month. plus another side hustle that gives $...

What are my options? I'm buying an investment property

I'm looking to buy a rental property and I am weighing my options. I moved to the US last Jan 2022. I work for the same company for the past 18 years. I applied for a loan in May of 2022 and I have qu...

I have no knowledge about mortgages and I need help

I am a single mom and first time homeowner. My mom passed and left her modular home and 1.5 acre land to me. Loan is still under her name but deed has my name on it. My scores are under 600 I owe cl...

I want to purchase a mobile home but it has been moved twice am I still ...

Buying a new home but worried since it has asbestos sidings

I am looking at a property with potential and was wondering if I can get a VA loan even if it has asbestos sidings? I have done an FHA loan with asbestos before but not a VA. The house is in great sha...