Two homes refinanced with lender demanding final payoff amount

I have two homes and I’ve refinanced one time so far. I’m in the process of going through a second refinance on my main house. I decided to refinance because of a lower interest rate and the removal...

wanted to confirm that we will need to do a refi on our new construction...

i am assuming my mother's mortgage and the closing cost are close to 12k...

Need advice regarding my son's home purchase plans

I want to get a consultation about a home purchase. My son and his wife have their house on the market in California and they plan on purchasing a home in the Boise, Idaho area. My son’s wife will sta...

Refinance question after several years

A couple bought a property for 100k with 3% down. If the couple attempts refinancing in several years and the balance is $80k, will the new lender question the payoff amount of the previous loan? Is it ...

Will I have issues during closing?

Hello, my wife and I are closing a house in two weeks. We’re debt-free except for an Amex which we pay in full monthly. The loan processor contacted us 2 days ago and told us that the underwriter want...

Can a lender help me rebuild my credit?

I’m currently trying to rebuild my credit, I have not missed a payment or had any new collections in the past 12 months and I only have a few lines of credit as of now. I plan on buying a house a year...

Hubby lost his job as we near closing on a house

My husband and I are in the process of purchasing a house but my husband lost his job and we thought that the lenders might consider it a deal breaker. But, my lender informed me that they will move for...

Are commercial loans cheaper than residential?

I am eyeing a ten-unit complex and got a quote from a lender at 8.5%. I talked to a friend and he told me he was getting rates at 5.5%. The SFH market in our area has rates ranging from 6 to 7.5%. Is co...

Running out of options to fund our multi unit property

I just applied for a new construction loan with a local bank but they said that they don’t offer 10% construction loans for multi-unit or duplexes. We are building a duplex as our primary home and weâ...

Looking for a construction loan on a custom home

I am building a custom home in the FL area and we’re looking for a lender that can help with self-employed construction loans. We’ve been trying to find the best loan product but have not had much s...

Taking over a loan from someone else

We are taking over someone else's mortgage and we want to know the right process. Do I need to contact the lender and make the arrangements directly with them? What are the chances we'll get the same ra...

Trying to use a VA loan for a condo

Hi, my husband and I are currently negotiating a contract on our condo and the buyer will use a VA loan. We were told that our condo building is FHA approved but it’s not VA approved. His lender told ...

Looking for government grants that could help us buy our first home

I want to buy my first house. The house I’m interested in is only $100k. My wife and I make about $55k a year right now. Are there any government programs or government grants that will help us buy ou...

How can I increase my chances of approval for a loan?

This is my first time buying a home and I’d like to know what increases the chances of getting approved for a conventional loan? I’ve read that Income, Assets, Credit, and Debt are the foundations t...