i am trying to take out a home equity loan,is there anywhere i can go that i can get one.?

Posted on Sep 30, 2012 in Stated Income Loans

Question by nathan.pitchford: Do ALL FHA loans require mortgage insurance?
I’m looking into refinancing my home to get out of an adjustable rate and I’ve received two good faith estimates. Both for FHA loans. It’s a 95% loan and one company says they can get me the loan without mortgage insurance and the other says it’s a requirement.
Well I’m being assured that this FHA loan doesn’t have any PMI on it and it’s 95%. I even referenced the fhaloan.com site and he said he is 100% sure no MI. Any ideas?

Best answer:

Answer by Mortgageman
The loan will have mortgage insurance. You can take a higher interest rate and have the lender pay it up front. Or you can add it to your loan amount and finance it over the life of the loan. Or you can pay it monthly with your mortgage payment and petition to have it removed once you think you have 20% equity.

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no income loans
by eyewashdesign: A. Golden

Question by jjohnson5677: Will the new rules by the FED mean no more stated income loans?
I just read a report about the FED making new guidelines for mortgage lenders. One of the details was that buyers would have to show proof of income. Does this mean no more stated income loans? IF so, no rx how long before this becomes law?

Best answer:

Answer by golferwhoworks
it will happen when lenders adopt it. Best answer I can give you. So self employed are going to be hurting one way or another

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SBA's 504 mortgage refinancing program to end Sept. 27
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no equity home loan
by bill barber

Question by jmpoct03: i am trying to take out a home equity loan, pilule is there anywhere i can go that i can get one.?
i trying to get a home equity home loan. i have no mortgage and my house is paid off. the problem im having is that my boyfriend just put me on the deed and they said i have to wait six months. my credit score is 596 and my boyfriends credit score is 459.is there anywhere i can go to get a home equity loan with my situation.

Best answer:

Answer by bud68
Your credit scores are also a problem.

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4avg.rating 21 votes.

One Comment

  1. You can try CitiFinancial, Beneficial or Wells Fargo Financial. These are lenders that typically lend to people with not so perfect credit. You may have a higher interest, but I’m assuming you were already preparing yourself for that. Try to make payments on time and a little more than asked- it will help your score. Good Luck!