Should I pay off my loan?

I have a rental property where I make $1k a month. I still own $40k on the loan with a total cost of $950k. Is it a good idea to pay it off and profit $1,950 a month?

Looking for lenders who can offer low down payment

I am looking for lenders who offer better than a 15% to 20% down payment for a conventional mortgage on two investment properties in the Atlanta area. Right now I am dealing with two preferred lenders a...

Conventional loan requirements for 5% down?

Does anyone know the requirements for a conventional mortgage with 5% down payment? I believe that lenders have different rules and requirements. I have an FHA loan on a duplex I currently live in and o...

How do I pick the best lender?

Are there any pointers on what to look for in lenders? I’ve talked to a local mortgage company and we’ve had a pretty good conversation about what they can offer. I don’t have the time to talk wit...

Specifics to my previous question - what lender will grant that small mo...

I have $140,000. I want to buy a house no for between $160,000 and $200,...

Looking for a lender in Florida

I want to buy a condo in Destin, Florida. Is there a lender who can give a 10% down fixed rate 30 year term? They allow short term rentals which is part of my plan for the property.

Low FICO scores applying for a loan

There are plenty of lenders who advertise that they offer loans based on the deal, cash flow, and other data. This goes against my recent applications where a medium FICO score is essential. Has anyone ...

Applying for a USDA but will be changing jobs soon

I will be changing jobs in a few months and I plan to apply for a USDA loan. I am staying in the same industry but my salary would be bigger. How long do I have to wait to apply? There’s a gorgeous ap...

Applying for a loan with less than 2 years employment history

I need help, my lender won’t give me a loan because I am not working currently. I have sufficient funds for a down payment of $50k funds for living expenses at $27k with $20k invested plus social secu...

First time home buyer surprised with costs involved in buying a home

We came across a housing program but had no idea that we would have to pay $50k in down payment and closing costs. How do we get help? My family loves the property and we long to close the deal. Are the...

What are my chances for a refinance?

Can I apply for a refi with a credit score of 620 and DTI of 45%? I bought my home for 395k and the value is now at $515k. I made $67k a year for two years and I’ve been at the same job for the past 5...

Looking for conventional mortgage with 3% down

Is there a conventional mortgage with 3% down in NY? I am not looking for FHA, USDA or VA. I have a student loan in default and I am working on getting it fixed but I can’t wait that long before I buy...

What is the waiting period for FHA loan after a chapter 7?

I filed a chapter 7 after my divorce and gave up my home. The bankruptcy was discharged 2 years ago and I want to know how long I have to wait for obtaining an FHA loan? When does the waiting period begin?

How long does an appraisal report last?

I am applying for a conventional loan and would like to know how long an appraisal report is good for? Loan is taking a while to close and I want to know if the appraisal is expiring. What do I do to ex...