New home purchase loan in Alabama

I just found a nice house worth 250k, and my husband and I (credit score of 740 and 760ish) want to move in. We make a combined income of 60k a year and have no debt besides standard bills and credit ca...

Just refinanced and now need to move due to job loss? Can I rent my home?

We refinanced on our primary residence of 7 years in late summer. This fall, my wife can no longer work due to a medical condition and we need to move but can't sell our home. I would like to rent our h...

Home improvement loan

I have a home currently valued around 235k and I wish to make improvements, maybe even an addition. Depending on the amount of improvements I wish to do, I would require a loan of 10k-40k. My home has a...

Are FHA loans only for first time home buyers?

I found out about the FHA loan program and I like the rates that are available, but I've already bought my first home. The home is now long sold, but I'm thinking of moving out of my apartment and getti...

Refinance

I currently have a home with 19 years left on a 30 year FRM at 6.25%. I have paid off 100k of the original 325k, and currently have a credit score of 765. What are some comparable rates I could expect f...

Wish to transfer home into my Son's name

My son is willing to buy one of my homes, it has a mortgage on it still however. His credit is not too good, so I was wondering what would be the best way to get him transferred onto the loan. Should I ...

Refinancing FHA loan, is this a good offer?

My home is valued at $535,000 with a loan amount outstanding of $420,000. I have an offer from Cash Call at 3.5% FHA at 15 years FRM, no closing cost and free appraisal. My current loan is FHA 30 year F...

My lender is pulling my credit again is that normal?

I am in the process of purchasing a home and the loan officer says she needs to pull my credit again agin since it has been over 3 months. Yet when I contacted other lenders they said it should be good ...

Asked to pay points with good credit, is this right?

I was quoted by a lender at a rate higher than the current interest rates and then told me I could pay points to lower the rate. I don't know why this is, I'm putting 12ish% on the house and my credit ...

Will mortgage rates continue to go down?

I'm currently interested in refinancing my home, and the common sense part of me tells me that with these record low rates I should refinance now, but I'm always looking to shave some money off my bills...

What do I do about financing two homes?

I have to live within our city limits for my line of work. We would prefer to send our sons to the schools in a neighboring suburb which is literally one block from our current home. There is a modest h...

Do you have to be underwater/upside down to qualify for HARP?

We have a Freddie Mac 30 year fixed loan that was last refinanced through the now defunct Countrywide and owned currently by Bank of America in Sept. of 2006. The loan has a balance of 298K at 6.5% inte...

How to refinance a new Fannie Mae - Freddy Mac backed loan?

We have a first and second mortgage with one loan at 6.25% and one at 8%. Great credit scores and no late payments. We've been in the house for 5 years and it's basically worth the money we paid for i...

question about rates--our quote seems really high and we have good credi...

We recently met with a WF broker for a pre-approval for a house in CA (Bay Area) and was offered (yet to be on a letter) the rates as follows. 30 yr fixed conventional - 5.25%30 yr fixed conventional ju...

What is a good average down payment there days? for the best rate possible?