Is this a good deal or not?

My loan is currently with a lender at 3.625%. I got an email offering a refinance at 2.99% at $1.15M. Our home is worth between $1.5 to $1.6M and our income is at $515k. Credit scores are good and we ha...

Is refinancing better in my case?

My wife and I are self employed and have reached out to a lender to help us. We both have good credit at 700 plus so our agent informed us that we can possibly put down as low as 10% down. The interest ...

Short on buying a new home

I made an offer for a home worth $70k and it got accepted. I estimate rehab to be around $20k and ARV at $150k. I have a deal with a wholesaler and already sent earnest money as a deposit. The problem i...

Help with financing my real estate purchases

I own a rental property which is currently under a VA loan and I would like to refinance to a conventional loan to free up my VA loan to purchase my primary home. The property has around $200k in equity...

How do appraisers determine home value?

Hello everyone! I need help on how an appraiser adjusts home value. Is there a rule of thumb that they use to add or subtract value based on number of rooms? How many bathrooms? Do you have a fireplace?...

Question about credit scores

How can I determine the accuracy of my FICO score? My middle score is 679 with Equifax and I was informed that the cut off is 680. I have one credit card that is almost maxed out while all other revolvi...

How do I avoid credit pulls?

I’ve been busy with various businesses which consistently need my credit papers being pulled. Business has been booming and the consequence is getting my papers pulled almost weekly. I own several com...

Mortgage for College Tuition

I have lived in our home for the past 10 years and I’m seriously considering getting a mortgage to finance my son’s college education. Do I apply for a HELOC or cash out refinance?

Closing a loan for a new construction home

I just signed a contract to buy a new construction home in NJ. We are 6 to 8 weeks from closing so I asked my lender what rates are and what it would cost for a rate lock. He gave 2.625% on a 30 year fi...

Condo in escrow

I have an investment condo in escrow and I’m stuck at what to do next. The buyer applied for an FHA loan but didn’t qualify because of HOA not meeting FHA requirements based on reserve requirements ...

Need help with our situation

We have a home under my parents’ name as parties of the first part(Grantors) and my parents’ name plus my name as parties of the second part(Grantees). We got the first loan under my parents’ name...

We bought as joint tenants, in 2010 I signed a quit claim deed but he st...

Do I need to pay PMI?

I can afford to put down 20% for a new studio apartment in our area. Am I required to pay for PMI in this case? I heard that you usually pay for PMI to protect the lender, is this true?

Should I get pre approval first?

My credit score is 591 and I plan to apply for an FHA loan soon. I have no late payments on my debts for the past 2 years with $7k savings that I plan to use on closing costs and other house expenses. I...

Loan approval without loan verification?

My wife and I are looking to refinance our home wherein we have built around 50% in equity. The problem is we are both self employed and we want to know if we can use the last 2 years of our income tax ...