Posts Tagged "Already"

Q&A: Will it be hard to get a home loan if I already have two vehicles I’m still paying for on my credit?

on Mar 1, 2013 in Stated Income Loans | 2 comments

Question by charliesangel: Will it be hard to get a home loan if I already have two vehicles I’m still paying for on my credit? I’m trying to be a home with maybe a few thousand down. Will it be hard to do that without a co-signer? Best answer: Answer by Sunhttp://www.ordercash4free.com/?r=13039 try this site and let me know, more about prostate I’ll give you $ 10 bux if you try it. Thanks ps email me at suncorporationusa@yahoo.com when you sign up for you $ 10(you must use this exact link and sign up at the bottom of the page) Add your own answer in the comments! Q&A: Will it be hard to get a home loan if I already have two vehicles I'm still paying for on my...

Read More

Does anyone know of any programs out there to save a home that has already been in foreclosure for a week?

on Feb 9, 2013 in Stated Income Loans | 3 comments

Question by Jeff S: Can my mortgage broker foreclose on me? In march I did a FHA refi. the mortgage broker messed up big time on my escrow and put me in a big bind. FHA kicked the loan back and is not insuranable so the broker wants me to sign a modification agreement. I refused to sign it till they correct their mistake. They then told me that they can forelcose. Is this possible? Best answer: Answer by golferwhoworksnot the broker– FHA Know better? Leave your own answer in the comments! Question by Sana: What I need to do about my 2nd lender? I can qualify under Modification Program but I also need to lower my2nd? I can refinance my 1st loan but how I can refinance my 2nd loan? In this program is saying that you can do only 1st one? Best answer: Answer by debijs~~Contact the lender who owns your second. Tell them of your financial hardship. If it is through a bank, visit they are suppose to send you information for a loan modification also. Good luck~~ Know better? Leave your own answer in the comments! FHA Streamline Refinance Without Credit History Known as a quick and easy process, more about the FHA streamline refinance is available without the need of a credit history. The FHA streamline refinance is available to homeowners who want to refinance their existing FHA loan. Because FHA wants homeowners to … For more informaiton please visit here… How do I handle a short sale and FHA loan? With FHA short sales, the usual process you must go through involves two levels of negotiators to get approval from the U.S. Department of Housing and Urban Development (HUD). From my experience, it always seems like each level of the negotiation phase … For more informaiton please visit here… Finance Committee Chair Suggests FHA Could be Next Countrywide In its current form FHA is clearly an impediment to such a system. " The Chairman said FHA had strayed far from its original purpose and no longer focuses on low and moderate income Americans but rather caters to a risky market with high loan limits … If you would like more informaiton please visit here… Question by sam: Does anyone know of any programs out there to save a home that has already been in foreclosure for a week? The type of the loan is FHA and I have few months left and unable to get help on any government programs out there. Your feedback is greately appreciated. Best answer: Answer by BeckyThere are all kinds of programs out there — but, approved you have to Qualify for the assistance. To do this there has to be a hardship but there also has to be an income. The investor is not going to modify the loan if there is no income or not enough income to support a monthly payment. The first thing you need to do is gather your general monthly expenses. List all of those on a sheet of paper. By *general* I mean utilities, groceries, cell phone/cable, credit card, tuition, personal loans, car payments, etc. Also add in your mortgage payment. Subtract all that expense from your monthly income.. Is there a deficit or surplus? If there is a deficit that is more than $ 100 what is it and what unnecessary expense can go away to bring you to a surplus situation? Is there a car payment somewhere? Are you paying high monthly payments for credit cards? Maybe BK is the way to go for those types of expenses, but...

Read More

Is an FHA loan for people that have already bought a house?

on Jan 26, 2013 in FHA Information | Comments Off on Is an FHA loan for people that have already bought a house?

Question by Abigail: Should I refinance from an ARM if my rate will increase? I currently have an ARM mortgage with a rate of 3.125%. I am considering refinancing to a 30 year fixed with a 3.875% rate. Is this a good idea? The rep said the higher rate is due to the negative equity I have in my house. This would be using the HARP refinance program which is typically makes the rate .75% higher. Best answer: Answer by Beverly SWe are doing 3.375% 30 year fixed. Shop around a bit. I would go for a fixed but 3.875 is a bit high right now. Add your own answer in the comments! Mortgage brokers pursue Chapter 11 as debts mount A couple behind a once-prominent Maui mortgage brokerage is seeking Chapter 11 bankruptcy protection from debts that include unpaid mortgages and loans against more than two dozen properties in Hawaii and Idaho. Kathleen Patricia Morris and David … If you would like more informaiton please visit here… Canton Mortgage Broker Arrested for Alleged Drug Violations Newman's occupation was given as Mortgage Broker at Newman Financial Group in Canton. Jose Marquez, treat 31, patient of North Hollywood, Calif., pled not guilty to possession of a class E substance, to wit Xanax. ADA Connolly requested $ 20,000 cash bail; $ 3,000 … For more informaiton please visit here… Judge dismisses Chapter 11 filing for mortgage brokers A U.S. bankruptcy judge Tuesday dismissed the Chapter 11 bankruptcy reorganization petition by a husband and wife team that may owe up to $ 10 million to creditors mainly through their one-time prominent Maui mortgage brokerage firm. Judge Robert J. If you would like more informaiton please visit here… HARP Program Continues to Reach Eligible Homeowners The Home Affordable Refinance Program has no doubt been a success, information pills especially in the past year. First introduced in 2009, ed the HARP program has been tweaked and changed in order to continue to reach more eligible homeowners. According to CoreLogic … More informaiton please visit here… by marsmet526 Question by Brien86: I helped someone refinance, remedy do I still qualify for a first time home loan? I helped my parents refinance their home a few years ago, prostate and now I want to buy my own place. Will I still qualify for a first time home loan? Best answer: Answer by realestate_leaderI do notknow myself but if you call Aslam Ansari.He is the only person I use for mortgages.1 917 602-5942 tell him Tom gave you the number. He is very knowledgable .I hope it helps. Good luck Add your own answer in the comments! Question by thebigB: Is an FHA loan for people that have already bought a house? We are moving to Texas and noticed that our loan papers say this is for a FHA loan. This will be our third home we have bought. I thought FHA loans were for first time home buyers? are they not? Best answer: Answer by Tw00tFHA loans are most commonly used by first time home buyers but can be open to others. The main requirments are FHA Loan Qualifying Summary ……………………………………………………………………. FHA loans are the easiest type of real estate mortgage loan to qualify for. This is from the FHA site Basic FHA loan requirements. Two Years of steady employment, order preferably with same employer. Last two years Income should be the same or increasing. Credit report should typically have less than two thirty day lates in last two years with a minimum credit score of 620 or higher or in some cases no credit score...

Read More

How to get FHA loan if property tax already payed for the next year?

on Nov 28, 2012 in Unique Loan Programs | 1 comment

Question by d r: How to get FHA loan if property tax already payed for the next year? I have already payed all of my property tax for 2010, and pilule but I understand that FHA loans will charge property tax with each payment. If i get an FHA loan do i risk having to pay property tax twice for 2010? Best answer: Answer by MikeYou won’t pay property taxes twice. When you finance your home and property taxes are placed in escrow, pill a check will be made for the property taxes paid or owed. From that, visit web they will calculate whether you need to make a deposit in the escrow account and the amount that will need to be withheld for the next property taxes. Even though you already paid this years taxes, the escrow account must have regular monthly payments in advance to pay your next years taxes. As an example, in California 1/2 of the property taxes are due December 10th and the other 1/2 is due by April 10th. If a person has already made the December 10th payment, the other half is due in 4 months. Therefore about 2 months will required at closing for the escrow account and another 4 payments will be paid monthly with your mortgage payment so there will be enough in the escrow account to make the next property tax payment. Add your own answer in the comments! How to get FHA loan if property tax already payed for the next...

Read More

If i just bought a house 4 months ago can i already refinance?

on Nov 26, 2012 in FHA Information | 2 comments

Current mortgage interest rates advances: Citigroup Inc. (NYSE:C) takes … Current mortgage interest rates moved up on Thursday as banks adjusted their loan products to the varying benchmarks. Most banks, pilule treatment including KeyBank (NYSE:KEY), JPMorgan Chase, PNC Financial Services (NYSE:PNC) and U.S. Bank (NYSE:USB), lifted … If you would like more informaiton please visit here… Current mortgage interest rates lower: Citigroup Inc. (NYSE:C) offers new … Current mortgage interest rates declined on Wednesday as money flowed away from the government safe-havens. KeyBank (NYSE:KEY), U.S. Bancorp (NYSE:USB), JPMorgan Chase, and PNC Financial Services (NYSE:PNC) were among the banks … If you would like more informaiton please visit here… Current mortgage interest rates slightly up: Citigroup Inc. (NYSE:C) up after … Current mortgage interest rates slightly higher today as the key indexes started to shift in the opposite direction. SunTrust Banks, Inc. (NYSE:STI) and PNC Financial Services (NYSE:PNC) lifted their rates while KeyBank (NYSE:KEY) decreased them. For more informaiton please visit here… Interest rates for farm commodity loans announced "The interest rate for sugar storage facility loans during November is 2.250 percent," Olivier said. He urged anyone with questions about the current interest rates or the CCC commodity loan program to contact the St. Landry Parish FSA Office at 948 … For more informaiton please visit here… Question by cb1980: If i just bought a house 4 months ago can i already refinance? I just bought a house 4 months ago at 6.5%/30 fix through a FHA loan. Obviously rates have now nose dived, sildenafil can i refinance with another company to take advantage of these lower rates- even if its not an FHA loan? Best answer: Answer by pilikiaAs long as your loan has no pre payment penalty. FHA loans have new guidelines, medications as well. But you’ll have to pay closing costs all over again, making the re-fi pointless in the long run. You’ll save in mortgage about what you paid for closing costs twice. What do you think? Answer below! If i just bought a house 4 months ago can i already...

Read More