First time to hear about mortgage porting

Regarding mortgage porting, it’s my first time hearing about this concept. I assume it’s going to be popular among people who want to move, but also keep their existing mortgages. I was wondering if...

Over credited on our mortgage refinance

The day after my husband and I closed on our mortgage refinance, I received an email from my mortgage broker that indicated that I was “over-credited” lender credits because they were larger by a fe...

Is a refi a good idea right now?

Experts said that the current interest rate spike would go down in the next 6 to 9 months. After the market response to the recent fed hike I'm afraid that rates would go up and stay high for several ye...

Self employed trying to apply for a loan

I am self employed and got approved for a loan 2 months ago using a year's worth of W2s. If I decide to hold off another year on a new purchase I'll have 2 years of W2s. Will my lender ask for P and Ls ...

Giving a tip for our title closer

Is it customary to "tip" the title closer as suggested by my attorney? If so, how much? We are here in Long Island and the loan we got amounted to $650k. Aren't title closers working as an employee for ...

Lender asking for boyfriend info for mortgage

Hello, I recently got approved for a mortgage and my lender told me that FHA requires a household to be on the application. I'm just trying to see if that's true or is only one person can apply for the ...

Newly grad planning to buy a condo in a few years

I just graduated from college and am now working with a new company. I still have student loans to pay and credit card debts current. I plan to buy a condo in a year or two. What type of loan gives the ...

Using a VA loan multiple times

I am a veteran eligible for a VA loan. I want to purchase a home but I currently have one that is due to be fully paid in 5 years. I heard that you can use a VA loan for multiple times, what are the req...

Need help with closing costs

I have a current loan application for a $180k property and the loan amount I got was $135k. The fees are $3.5k and closing costs are almost 9% which seems to high for me. Am I correct? I’m not familia...

Looking for a loan for physicians

I just graduated from med school a few months ago and I was wondering if I can apply for a mortgage. Student loans are quite high but I have enough for a low downpayment. What options do I have? Are the...

Moving out of state and looking to buy a multi family unit

My husband and I are moving out of state and looking to purchase a multifamily. We will be renting out our primary home in NY. We have great credit and no loans at the moment. We have enough for a $120k...

Can I work with multiple lenders?

This is my first time buying a property and I have been in touch with a few lenders who are helping me with pre-approval. What DTI should I have to get a higher loan amount? I want to get an FHA loan wi...

Is now a good time to buy?

I’ve noticed that interest rates have been going up and I was wondering how long would it take before they go down? Is there a good indicator that they will keep rising? Reports say that the Fed has b...

What type of loan should I get?

I live in Knoxville, TN and I’ve come across a triplex deal that’s hard to resist. The property needs at least a $50k rehab and I’m ok with taking it down and managing it. I have $40k in the bank ...

My problem is Cenlar lost the deed to our home and trying to foreclose o...