Posts Tagged "agen"

i was approved for a home loan thay sed thay will not check credit or bank info agen that info is good for 90?

on Jun 17, 2014 in Stated Income Loans | 2 comments

Question by Texas Girl: Current House Mortgage Rate ? can someone please tell me the current house mortgage rate for 30 years fixed, story no rx and which bank offers it ? thanks (: i would like to know the percent rate in New Jersey (: Best answer: Answer by golferwhoworksrates vary from region to region across this great land. Then it will also depend on the type of loan. Fannie Mae FHA and VA as well as USDA have different rate structures even though they are close. Call a local mortgage banker or broker in your area to find out I am a mortgage banker in TN What do you think? Answer below! Question by shamie f: refinancing mortgage (2 year arm)? When i first purchased my home, pilule we could’nt get a 30 year fixed, malady now the 2 year arm is gonna end in march 09. I purchased the home for 307, recipe 000, the balance left on it is 275,000, and the appraisal amount is 256,000. I would like to see if anyone knows a bank that will refinance my loan, even though the balance is more than what the home is appraised at. My credit is good, i have a job, and have my savings, i pay every payment on time, i do not want a short sale, or to foreclose on my home, can someone please help. Best answer: Answer by answer man77Riley they did not ask for the definition of a refinance. Unfortunately there is most likely not a current mortgage company that will refinance you(companies are all about reducing risk right now and not taking on more). The only chance you may have is to contact a mortgage lender in your area and ask them about a FHA mortgage. The government recently passed a law that requires a bank to take less money on a refinance for a person who is upside down on their mortgage if they are getting a FHA mortgage. You may also want to talk to your current company and tell them the situation regarding your current appraised value and they may(cant hurt to ask) rewrite your note to fix the rate. You also may not want to go back to the same place you got your last mortgage. Unless the reason you could not qualify for a 30 year fixed mortgage was your debt ratio. Many of the mortgage lenders out there just wanted to get people into 2 year arms(even though rates were at all time lows(ie this is when “good” lenders would have said take the best fixed rate we have had in 40 years because what are the odds it will still be here in 2 years)), because it meant they had a refi coming in 2 years(ie another loan to write). which would mean more income. Give your answer to this question below! Question by stevenzepke: i was approved for a home loan thay sed thay will not check credit or bank info agen that info is good for 90? days so i paid of my credit cards and it took alot of money out of the bank was this a good or bad thing i still have enuf in the bank to cover two months payments Best answer: Answer by Ms. TAM TAMTHIS IS NOT A TRUE STATEMENT WHOEVER TOLD YOU THEY WILL NOT CHECK CREDIT AGAIN, page IS CRAZY, pharmacy THE WEEK OF YOUR CLOSING THE BANK THAT HAS APPROVED YOUR LOAN WILL RUN A CREDIT CHECK AGAIN TO MAKE SURE THAT YOUR DEBT TO INCOME HAS NOT CHANGED LIKE...

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