ARM vs FRM----advice needed!
Any thoughts on the logic? Anything that I should be concerned about or flaws in my thinking?I am in contract to purchase a new construction home and am set to close end of October. The builder is offer...
Living in Nebraska...buying investment property for my retirement
I'm single, 54 and am planning on moving from NE to WA in one to five years (depending on enconomy). I would like to buy property now. The property will be something I plan on moving into when I make ...
Lender needed
Looking for a lender that will do an FHA for a first time homebuyer with a credit score of 508 for mortgage and 619 regular. Please advise
Self Employed Mortgage - Questionss
Hello all,I have a situation that I would like to hear opinions on because I'm hearing different things from different people. I am a technical writer who has been working for/"with" the same company fo...
Resold mortgages
I asked my prospective lender out of curiosity if they sell their mortgages. The loan officer confirmed that my mortgage would be sold. I realize the terms will remain the same, but I picked this bank b...
Big banks vs brokers, who is closing on-time in 30 days??!!!
A month ago we won a short sale with BofA. So we decided to go with BofA for our loan because we assumed a large direct lender, big bank could easily deliver in 30 days! We were wrong. I'm really ti...
Can I count my wife's income even though she hasn't gone back to work yet?
When our kid was born my wife quit her job. She plans to go back to work part time in May, right around the time when we would like to buy our first home. When we go to pre-qualify for a loan will we ...
Loan Contingency Removal Question
I am in the escrow of buying a condo as a first time buyer. The seller asked me to provide Lender's written Loan Approval and remove the loan contingency (actually all the contingencies) within 17 days ...
Credit scores and other questions
How do i find out what each of the three credit agencies scores are on me? On experian, they are 755, but the other two must be lower--how do the banks/mortgage lenders calculate the score they use? do ...
Changing employers while house hunting/buying
There seems to be a number of very well informed posters to this board so I thought I'd pose the question here rather than possibly red flagging us to the mortgage companies we've been working with. We'...
rental restrictions after a hafa short sale
Are there restrictions on renting out a property after a hafa short sale? Can the seller rent the property back from the new owner?
Buying shortsale and re-applying for pre-approval
Our bank wants us to pull our credit every 90 days on a short-sale house. Does this drastically effect our credit score when the deal finally goes through?
fallin behind
what happens if i fall behind due to being out of work now im employeed again and want to get caught up?
Does my mortgage payment change if I make a LARGE payment?
Does it change my regular total payment if I make a large, one time, principal payment of say $75 thousand? Or, should I just continue with extra monthly principal payments which I have already been doing?
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