Ive heard of a federal program which will give 50% of your home loan if you are a public servant. Anyone know?
Question by swank1269: Ive heard of a federal program which will give 50% of your home loan if you are a public servant. Anyone know? Best answer: Answer by mmuscsHaving worked for the federal government for 20 years…. my answer is… no. If it was out there I would have found it. Give your answer to this question below!
Read MoreQ&A: anyone have an eye on current mortgage rate trends?
by davidking Question by kizmet_or_beer: anyone have an eye on current mortgage rate trends? I am buying a home and the rate right now for my loan is 6% (Wells fargo Home opportunities loan 100% financing). Conventional is 5.875 and that is down from last month so I am wondering if I should just lock in my rate or if it is expected to go down more or up soon? I need a good backing for my decision either way. Please help. Best answer: Answer by oaklandtedLock in now, pill treat or soon; the rates are bottoming out. Add your own answer in the...
Read MoreDoes anyone know a mortgage company or broker that goes by FHA rules?
Check out these massive residence images: Construction at Michigan Stadium (the Big Residence) – University of Michigan’s Football Stadium Image by cseeman Massive rennovations at the Huge Home – Michigan Stadium – at the University of Michigan’s Ann Arbor Campus. If you would like to see more houses click right here… Hasty Loan Denials of HARP Refinance Applications Mislead Thousands of … National Mortgage Lender Network, abortion HARPMortgageLender.com (http://www.harpmortgagelender.com), drugs blames hasty loan application denials for the most recent report of low HARP Refinance numbers for severely underwater homeowners provided by the … If you would like more informaiton please visit here… Question by QandA: Is there an income limit on 203k renovation mortgage loans? I know theres limits on a regular FHA mortgage, cure was curious if the same standards apply. Best answer: Answer by glennThere is not an upper limit on income for an FHA 203 K or a more common FHA 203b. These are not subsidized loans. You do have to make enough money to qualify for the payments. a 203 K is to help with renovation. You have to come up with solid bills (not simply rough estimates) for the repairs and sometimes these can be pretty much impossible to come up with. But if the house works out and the lender knows what they are doing and the seller is willing to have patience and you as a buyer understand how this works- it can be done. What do you think? Answer below! Question by Phillissa: Does anyone know a mortgage company or broker that goes by FHA rules? I’m trying to get a mortgage loan but having a bit of trouble because I am paid commission. I’ve now have two years of commission on tax returns, treat but one year and a half was with one company and the other 7 months were with a different company in a different field. I called FHA and they said I would qualify for an FHA loan under there guidelines and that I don’t have to hold a certain position for a certain amount of time as long as I have two years commission on taxes. They even sent me an email with the rules on that to confirm. Some mortgage companies agree and some don’t even though they claim to do things the same. I found two companies that does things FHAs way but they are so busy they are taking a long time to get me a pre-approval. Is there anyone that is fast and on top of things that is okay with our situation? I’m in Austin, view TX. I wouldn’t mind going convential either if need be. Best answer: Answer by godgedThe FHA is a guarantee, they are not the lender. You are going to have to comply with the rules of the specific lenders and wait it out. Give your answer to this question...
Read MoreQ&A: Does anyone know of a mortgage company that offers FHA financing for mobile homes?
See How To Qualify For New HARP 2.0 Program – Government Recent … “New Home Affordable Refinance Program 2.0 requirements for eligibility have been relaxed by the Obama administration; now the program will extend its help to more number of homeowners. Borrowers who want to refinance their mortgages to get more … If you would like more informaiton please visit here… Bill will help more homeowners refinance Supporters of the bill note that although recent changes to the Home Affordable Refinance Program were a step in the right direction, approved they left in place barriers that will keep millions of borrowers trapped in higher interest loans. The revised version … For more informaiton please visit here… Options for Foreclosures People who don't qualify for HHP may qualify for other programs available, including the Home Affordable Modification Program, Home Affordable Refinance Program and others. McGavin pointed out that Gov. Pat Quinn signed the Homeowner Protection Act in … If you would like more informaiton please visit here… Question by Whitney: Does anyone know of a mortgage company that offers FHA financing for mobile homes? Please leave their contact information. 🙂 Thanks! We are in Texas. FHA does offer Manufactured home financing- this deal also comes with land Best answer: Answer by Doctor DethMobile homes are NOT real estate – you cannot get any kind of “Mortgage” on them – only a personal loan, visit this site which will be a higher interest rate and probably require 20% down – they decrease in value over time What do you think? Answer...
Read MoreQ&A: Anyone had any success with the making home affordable/loan modification program with chase.?
Question by vinny: my house was bought i 2005. my 5/1 arm expires oct.1 2010. the govt. refinance program(harp)? expires june 2010. does it mean that i have to rush and refinance before june 2010 even though 5/1 expires in october 2010, discount cheap (assuming that i may owe more than the value). what is the best thing to do? Best answer: Answer by The Mortgage BankerYou may also consider other programs as well through Fannie Mae and Freddie Mac. If you’re loan is currently with Fannie or Freddie there are options for you that allow a refinance of you’re home even if you owe more than it’s current market value. You can check to see if Fannie Mae or Freddie Mac own you’re mortgage by going directly to Fanniemae.com or Freddiemac.com and use the property look up tool. If it is owned by Fannie or Freddie get in touch with a good lender to see if they can help you refinance. Should you refinance now – YES. Why? Because interest rates will most likely not return to the current lows we are now experiencing for many years to come. And with all the goverment borrowing we can expect to see inflation hit the market in the future which will lead to higher interest rates. Please let me know if you have any questions. I am a California Lender. Add your own answer in the comments! Question by ashleys7786: Anyone had any success with the making home affordable/loan modification program with chase.? I have been calling since March and get different directions every time I call. I did the application over the phone twice now but when I call to check the status, site they say it isnt in the system. I’m going to send everything in the mail tomorrow. I was just wondering if anyone has had any success with the program, especially with Chase. Best answer: Answer by LenaI’ve completed my 3 month trial with Chase and now they’re just stalling. I was suppose to get me permanent mod in July but that is not happening. All of a sudden I became “MAY not qualify for the mod” from being qualified originally. I’ve contacted the executive team and they are looking into it. You should call the executive team 800-242-7399. they will help you expedite your application. good luck What do you think? Answer...
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