FHA Mortgage Insurance Premium - Is it Deductable

I was just wondering when you get a FHA loan and with 3%, they require you to pay 1.5% Mortgage Insurance Premium at the time of closing. Is this PMI Deductible. I know PMI is deductible if you qualify....

Is it hard to get approved?

Anyone finding that the banks are tightening their reins? We were approved for a loan 3 months ago but now are needing our ratio to be below 36% our FICO score is in the high 700's. I'm wondering if i...

Underwater 1st home - Buying another

Our current home in socal is 200k underwater. Family has grown and we need a larger home. We plan to buy another home as primary residence, in pretty much same community we live in as the schools are ph...

Revealig my assets

When and if I apply for a loan, is it necessary or required to disclose all your asset or just enough to cover downpayment + closing cost. Let's say if I have savings/cd accounts with multiple banks, ...

OK to use Home Equity credit line for down payment?

I've got about $3k in equity in my current house. Instead of a mortgage, I have a Home Equity Line of Credit, with roughly $160k available for withdrawal. I'd like to move to a new place. My plan would ...

Pre-Approval without a hard hit?

Hi,Where can I get a pre approval letter without a hard hit on my credit? I have attempted to get a pre approval via my bank, but notice that my credit score decreased after the bank pull. I lost around...

How Many Mortgages Can I Carry?

I currently have 4 mortgages. Does anyone know how many more mortgages I can carry? Any specific lenders or mortgages folks who have experience with this?

CAN I STILL QIULIFY FOR FIRST TIME HOME BUYER EVEN IF IT IS A RENT TO OWN

1st & 2nd - no equity

Do not qualify for HARP because LTV is too high and do not want to be late and try to qualify for HAMP. Freddi Mac owned and mortgage companies will not combine the 2 for the same reason (or refi the 2...

Options for 1st & 2nd & no equity

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does any lending agency offer a 7/1 arm based on 15 years

Rates in California?

a mortgage calculator has a default rate of 4.5%. Shouldn't it be higher?My fico score is pretty great, and I'm trying to guess what my rate might be today. I got quoted around 5% a few months ago for a...

Applying for a mortgage through credit union

If I apply for a mortgage at the credit union where I do my primary banking, can their loan application people look at my banking history with them, or only at the documents I submit with my application...

Can I get a 40 Year Mortgages in MA

We're having trouble getting approved for the amount we want based on my wife's salary being about 25% commission and her not having been at this job for over 2 years. With her commission we would quali...

Who offers non-Fannie Mae loans?

We are under contract for a condo built in 1999, which has 3 ground floor commercial units below 13 residential units. We are having a hard time finding a lender who will underwrite the loan because the...