can Fannie Mae audit a year later and have the mortage recinded

Planning to buy rental property and need financing

I have a fully renovated and rented project that I need to finance. The cost would be around $400k which I would use to expand and purchase more rental properties. I don’t have that many local lenders...

Looking to buy multi unit properties in PA

We are eyeing properties between 2 to10 doors where the lender will underwrite the key principle and property’s cash flow versus all LPs in the deal. Are there lenders in PA who would be willing to wo...

I have an issue with gift donation for my FHA loan

Hi guys, I have a question about the verification of a gift donation for my FHA loan. My father gave me a gift of $5,500 for closing costs, and he gave me the money in cash, now my lender told me that t...

which banks give mortgage on warehouse properties?

"Hello,Hope you are doing great!I am far more interested in writing a sp...

Can I get approved with a lot of hard inquiries on credit report?

Hi, I want to ask if you can get approved for a loan if you have plenty of hard inquiries? I applied for new credit cards and just got a new car. I got approved 3 months ago but didn't get lucky with of...

Should we buy a house that's quite pricey?

Hello, I came here for consultation. My wife and I don’t have traditional salary jobs, but we have a new business that’s doing great. We want to purchase a house that’s worth $450k in South Florid...

a 2nd mortgage on a property that was subsequently foreclose on by the 1...

Was this just noise? Where is creative commercial down payment assistanc...

I have a question regarding balloon mortgage

Hi everyone, I have a question regarding balloon mortgage. Is a mobile home on its own land qualified for balloon mortgages? And what are the benefits and disadvantages of having a 5-7 year balloon mort...

Can someone transfer a loan to a family member?

Hello everyone, my client needs to get rid of their car loan as soon as possible. She has about $35k and before the clear, her underwriter advised that she needs to get that debt off her credit. What is...

New job after retirement

I have been retired for 10 years and I have received a pension since I retired. If I start a new job can I use the income from my new job with my pension income to qualify for a mortgage?

My parents are paying a very expensive mortgage, is there a way to cut c...

My parents’ mortgage is pretty expensive, so I was wondering if there’s a way to cut the cost? Are there any great companies that could help us with this issue? I don’t like seeing them pay such a...

Looking for a loan product that can close quickly

I am choosing between 2 homes that has caught my fancy. I plan to apply for an FHA loan to fund the purchase. Houses are selling fast in our area in NC and I want a loan product that can close quickly. ...