Chances to buy a townhouse??
I plan to buy a townhome priced at $230,000 with an HOA of $300. I got pre-approval for a conventional loan. I have $60k saved up to put down and pay closing costs. I still have $20k of student loans I ...
Newbie with loans and confused on requirements
My husband and I are buying a mobile home and a piece of land. This is our first time so we don't really know how this works. We can get $10k from my husbands 401k to use as a down payment. I don't thi...
Can I qualify for a loan? What do I need to do?
I want to become a homeowner badly but I don't know if I qualify. Do I need a co-signer? My only debt is an auto loan and a credit card. I pay $450 a month on my car loan. I make $20 an hour but the ...
What type of loan package is for me?
I am looking for a loan for a manufactured home. The home is in a park, was moved once but is in good condition. Price is $175k and I need to put down 10% What type of loan product is the best in my ...
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...
Phoenix, AZ - Mar 28th 2023
3 answers
- Latest answer by
Bob Heidrich | Equal Housing Lender
Apr 9th 2024
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 $...
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