Are my escrow payments too high?

Is it common for escrow payments to double since March of 2021? From $741 I am now paying $1,500. Increases are normal but isn't this too much? I asked my lender and they said that it might be due to pr...

How long should loan processing take?

Hi everyone, my lender is stressing me out! Home inspection, VA appraisal and termite letters are all finished and we were looking forward to an early close because both buyer and seller agreed. Lender ...

Seeking advice as a first time homebuyer

I am planning to buy a home at $250k. I have $15k in cash and another $15k that I can pull from my investments. Hoping to get a conventional loan at 3% down. Mid credit score is 660. I make $60k a year ...

Who was the owner in this case?

I found a property I want to buy and all seems good. The lenders surveyor went to the property and came back and said the won't lend as the owners has owned it only for 2 to 3 months. When I talked wit...

Are my computations correct?

My loan has a 3% interest rate and I've been paying for 2 years and 6 months now. I've computed the taxes and insurance and lender has pocketed $15k and applied $10k on my loan so far, is this a normal ...

How do I get my profile for Lender 411 updated as I have left my previou...

First time home buyer excited to buy a home

What are the benefits of being a first time homebuyer? I heard that if we haven't owned a home in 3 years we are considered first time homebuyers, is this true? Our income is close to $180k a year and o...

Which loan product is best?

Hi, we are looking to buy a condo or townhouse in California worth $930k. I am shopping around for the best lender, loan type and rates before I lock in. This is my first time buying and I want to ask f...

Can I back out on my closed home deal?

I closed on a home last November 2022. During inspection I got a recommendation to get the foundation checked and the seller provided it at his cost. The inspection report showed no concerns regarding t...

If my equity $280,000 how much line of credit?

Question on refinance

I own a home and got re-married in 2021. Title is in my name. If I were to refinance now and keep it in my name only, would my current wife have to sign something agreeing to it? I'm not familiar with t...

Trying to figure out occupancy to avoid high interest

Son and grandson are purchasing a house for a sick parent in Florida since winter is not good for grandfather here in Chicago. Son already owns a primary home and has paid it off. Only grandpa will liv...

I've fallen behind on my mortgage

Has anyone fallen behind on mortgage payments? It's been 9 months and I've paid only once. Income took a hit due to medical expenses then I lost my job 3 months ago. What options do I have? I have a new...

Will late payment affect our loan application?

Hi, I am freaking out at the moment because I saw a late payment on my credit report. It was a water bill payment and looks like my husband paid a month late. We are applying for a mortgage next month ...

Trying to save for renovations

This is my second time to get a loan but I don't qualify for an FHA. What loan product can give a 3 to 4% down payment? I also want to lower closing costs and would love to hear from anyone on how I can...