Posts Tagged "100%"

Moody's assigns A1 ratings to St. Louis University's (MO) up to $100 million

on Oct 29, 2015 in HARP Refinance | Comments Off on Moody's assigns A1 ratings to St. Louis University's (MO) up to $100 million

Moody's assigns A1 ratings to St. Louis University's (MO) up to 0 million … Saint Louis University is a large, private Jesuit university with a variety of undergraduate, graduate and professional programs and campuses in Saint Louis, Missouri and Madrid, Spain. … Payments under the loan agreements are general obligations of … More informaiton please visit here… Today's Mortgage Rates Create Obvious Purchase, Refinance Opportunities Raw pricing for mortgage-backed securities (MBS) reached their best levels since early-May, helping to push mortgage rates for all common loan types — including conventional, FHA, VA, and USDA — to 5-month bests. There is a direct link between MBS … More informaiton please visit here… Moody's assigns A1 ratings to St. Louis University's (MO) up to $100 million...

Read More

Q&A: Any mortgage lender making 100% SISA 45-50% DTI?

on Jun 23, 2014 in Stated Income Loans | 2 comments

Question by meleane0314: Any mortgage lender making 100% SISA 45-50% DTI? Loan officer in need to know which lender bank is available to offer a program with 100% financing purchase, 700+FICO Stated Income Stated Assets. 45-50% ratio. Please help. I am specific interesting in stating ASSETS, with backing ratios up to 50%. Some lenders goes to 45% max. Best answer: Answer by mibankerWith SISA you should never have a DTI issue…… What do you think? Answer below! Q&A: Any mortgage lender making 100% SISA 45-50%...

Read More

when purchasing a home in Texas can you do 100% financing?

on Feb 13, 2013 in FHA Information | 1 comment

Question by needtoknow: when purchasing a home in Texas can you do 100% financing? Best answer: Answer by loanmasteroneThere are still a few lenders that will give a 100% mortgage. The requirements have changed and are a lot stricter. The credit score has increased and verifying employment and assests are required. In order to find out the type of loan programs you are qualified for you will have to fill out a loan application, with a mortgage broker, which you can find one in your local telephone book. He will fill out this application, which takes awhile so grab your favorite beverage and sit down. Once you have completed the application, he will run your credit report which will have your credit scores. These credit scores will determine your interest rate. The amount of your monthly debt payments you are required to pay as per your credit report and the amount of mortgage you can take on based on your income will determine the amount of house you will be able to purchase. When you speak with the mortgage broker you will need the following documents to complete the loan application, there will be others, but this will get you started. #1 One month of pay stubs for each person that will be on the mortgage. #2 Six months bank statements from each bank in which you bank as well as statements from any 401K from you place of employment. #3 Two years of federal income tax along with the W-2 that match. Once he has all that he need to do he can then issue you a pre-approval letter so you can purchase a home. In this pre-approval letter will be the amount of house you are qualified to purchased. Once he gives you this pre-approval you may now find a real estate agent to find yourself a home or he might have a referral. Now make sure before you get your pre-approval you and your mortgage broker go over all your options as to the mortgage programs you qualify for, the interest rate, monthly payments. If you are getting a FHA, fixed rate, two loans to eliminate PMI like an 80/20 or one loan, if you are qualified for and approved for a 100% loan. You should select the loan that best suit your financial condition at the time. That could be an adjustable rate loan. It could be a fixed rate loan for 5 or 10 years and then adjust. Some adjustable rate mortgages only adjust once. Make sure your mortgage broker explain all your options so you may make an intelligent decision. What might be good for one person might not be good for you, in other words just because your friends and all your real estate buddies are telling you about the great fixed rate they got, your financial situation might call for something else. So select the best option for you and your financial situation. You should also get a Good Faith Estimate (GFE) which will indicate the cost you will have to pay for getting this loan. It will also indicate the amount of your down payment. Once you have found a home the real estate agent will then prepare a contract for you and the seller to sign. Your mortgage broker will now order an appraisal to show proof of the property value. The mortgage broker might ask for additional information or documentation, don’t get all up tight this is normal, just supply the information or find the documents needed. After the appraisal has been completed you will be called by...

Read More

Does anyone know any wholesale lenders that do 100%?

on Jan 23, 2013 in Stated Income Loans | 1 comment

Question by uatafoya: Does anyone know any wholesale lenders that do 100%? I am looking for wholesale lenders that do 100% financing SIVA/SISA and Full Doc in California. Best answer: Answer by network marketing helperI saw a banner at http://www.mygalaxyproducts.com for dropship wholsalers, the products seemed good as did the prices i was looking into it, im sure that would work good for you.. Tyler.. Executive Director Automatic Builder Create passive income from home http://www.workathomefree.ws What do you think? Answer below! Does anyone know any wholesale lenders that do...

Read More

Is there a way to avoid paying outrageous PMI if you plan to finance 100% of a new home?

on Dec 30, 2012 in FHA Information | 7 comments

Question by Anj: Is there a way to avoid paying outrageous PMI if you plan to finance 100% of a new home? My husband and I are planning to purchase a new home in the next couple of months. I know that traditionally, without 20% down payment, banks require you to pay PMI. While I understand the bank’s perspective on this, as a buyer – it seems like money thrown to the wind every month. My husband has impeccable credit, so we can get a good interest rate. We just aren’t in a position to put 20% down at this time. I have heard about 80/20 loans, but I am not sure if that is a better option. I am only intrested in a 30 year fixed rate mortgage – no ARM! Do I have any other options other than PMI??? Best answer: Answer by JudyPretty much any lender will require PMI if you don’t have 20% equity in your home. Add your own answer in the comments! Is there a way to avoid paying outrageous PMI if you plan to finance 100% of a new...

Read More