We bought as joint tenants, in 2010 I signed a quit claim deed but he st...

Buying a house after changing careers

We live in Virginia and have been staying in our home for 3 years now. This is our first home and I recall that when we got the loan the lender was concerned with our income and job history. I recently ...

Do I need to pay PMI?

I can afford to put down 20% for a new studio apartment in our area. Am I required to pay for PMI in this case? I heard that you usually pay for PMI to protect the lender, is this true?

Should I get pre approval first?

My credit score is 591 and I plan to apply for an FHA loan soon. I have no late payments on my debts for the past 2 years with $7k savings that I plan to use on closing costs and other house expenses. I...

Loan approval without loan verification?

My wife and I are looking to refinance our home wherein we have built around 50% in equity. The problem is we are both self employed and we want to know if we can use the last 2 years of our income tax ...

Fixed vs ARMs

This is my first time buying a home and I want to know the qualifications for fixed rate mortgages versus ARMs. Are interest rates higher for FRMs? Is it true that more income is needed to qualify for t...

Buying a fixer upper

My wife and I have fallen in love with a property in a town we want and on a nice piece of land. It’s a fixer upper since it was owned by a woman who lived there for 10 years and wasn’t able to main...

Buying a home after a divorce

I have an eye for a lovely home worth $500k. I can afford a $350k down payment but I have no documents for a loan since I am currently unemployed. I have a 20 year track record of good income. I just go...

Sell or get a 2nd loan?

We currently own a home and are selling it to buy a new one in Missouri. It sits on a 40 acre lot with a pond with an asking price of $200k. Should we get a 2nd loan to buy a new property or wait for ou...

Can I ask for a lower price on a rental apartment?

I’m from the East Coast and I have a deposit for a new apartment that I want to invest in. I have deposited $10k and they are pressuring me to use their lending company for a loan(with higher interest...

What a bout if this second loan is old is not in my credit report

Mortgage loan no credit 30%

Looking for a mortgage on a 25-60000 home. No credit. No job. I can put 30-50% down

Where to find the best rates

I am ready to buy my first home and I want to know what the best websites are to check rates other than Bankrate. I want to get an idea of the prevailing rates before I shop for lenders. Thanks in advance!

Help in choosing the best deal

It’s less than 30 days from my estimated closing date and I need to decide on a lender. There is an incentive if I choose the builder's lender which is $3k less in closing costs. Another lender is off...

Question on Points

I have received quotes from my lender and some are in points. I am not familiar with this and I want to know how much I am paying with points? How much are points? Are paying points any good? My quotes ...