Posts Tagged "applying"

Applying for mortgage? Be smart

on Apr 8, 2013 in FHA Information | Comments Off on Applying for mortgage? Be smart

Question by Tomtom02: Refinancing our Mortgage – Help? My wife and I are wanting to refinance our current mortgage. We tried about 3 months ago and was told that the house didn’t appraise high enough. Not sure how they got that b/c they didn’t even come in to the house. We got a letter from the state about our taxes and they had our home and property listed as being valued at 198, salve help 000. Our mortgage is $ 123, side effects online 000 and our home equity is 40,000. They appraised the house at 160,000 (the bank that we tried to refi through). We were told that they can only give us 80% of the homes value. Since that time we have put on a new roof, new HAVAC unit and new windows in the back of the home. Can someone explain how we could get approved to refinance for the amount needed to combine our mortgage and home equity. We’ve been in the house for 7 years now. Our credit scores are average hers is 637 and mine is 645. Wondering if this would hinder any decisions? Are there any things that we can do to improve our chance of getting the money we need and lowering our payments? Best answer: Answer by Go with the flowFix your credit also. Your scores are low. Know that you will not get those interest rates advertised. Get a book on Credit Repair from a library or a bookstore. Know that carrying credit card balances seriously reduces credit scores. Give your answer to this question below! by micah rich Question by : How long did it take you to pay off your debt completely? My husband and I are on a mission to pay down the debt and live completely on cash. We are down to a 30, store 000 student loan. I’m dying to knock this loan out by december 2011. The pain that debt has caused us has been very real, viagra 40mg and I am absolutely ready to see it gone from my life! Any other debt recovery stories out there? Best answer: Answer by Summer LoverI only have $ 1,000 debt. I should be able to pay it next week. Give your answer to this question below! Question by ~Willow~: What is the best web-site for Real Estate? We are looking to move, hospital more property and a bigger home. I have been to many websites but I was just wondering if you all could tell me the best web-site you have come across. Thank you so much for your help!! =) I live in Maryland and we are looking for MD property or Southern PA property… anything will help!! Best answer: Answer by Patricia Cwww.realtor.com Add your own answer in the comments! Should mortgage shoppers choose the 1 or 5-year fixed rate? Mortgage rate predictions are as often wrong as they are right. Yet, generic many mortgage shoppers believe that these forecasts give them an edge. Unfortunately, information pills rate expectations sometimes prevent people from picking the lowest-cost mortgage. For instance … If you would like more informaiton please visit here… Freddie Says: Mortgage Rates Steady In fact, no rx the price index of personal consumption expenditures rose only 0.1 percent in January which was below the market consensus forecast. Moreover, these low mortgage rates are helping to revive the housing market. For instance the CoreLogic® home … If you would like more informaiton please visit here… Further mortgage rate rise 'could cut home prices by 20pc in two years' Home prices in Hong...

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Why is the Credit Score look at when applying for a job?

on Mar 20, 2013 in FHA Information | 5 comments

Keeping It Real: Underwater mortgage holders may be able to refinance The Home Affordable Refinance Program was announced in March 2009. It was designed by the government to help 5 million underwater or equity-challenged borrowers nationally. In October 2011, visit this discount in an effort to help more borrowers, story the loan-to-value … If you would like more informaiton please visit here… Wall Street Breakfast: Must-Know News … says mortgage-bond trader Patrick Ahn. The Federal Housing Finance Agency will show in a report today how more borrowers, particularly those who are in negative equity, are taking advantage of the government's Home Affordable Refinance Program, … If you would like more informaiton please visit here… US mortgage refinance program on the up The US government effort to help struggling homeowners under the home affordability refinance program (HARP) nearly doubled in 2012 from 2011. Harp helps borrowers stuck in loans backed from Fannie and Freddie Mac and which are in negative equity. For more informaiton please visit here… Question by boss: How do I calculate a apartment building investment cash flow after taxes or before taxes? I am going to invest in a apartment building using a loan. Is it the noi-annual debt service-annual mortgage payments-the annual loan paybacks-income taxes? If this isn’t right, pharmacy then please provide the proper way of determining my actual annual profit after taxes or pre-tax. Best answer: Answer by fn0384You need to calculate the after-tax rental income first, remedy then after tax cash flow second. First after-tax income from the property. Income a) gross income from the rentals Expenses b) mortgage interest c) depreciation (assume 80% of the purchase price is depreciable building, thus annual depreciation is purchase price * 80% / 27.5 years or about 2.9% of the purchase price) d) real estate taxes e) rent loss due to vacancy, tenant f) management fee g) maintenance fee h) insurance Income – expense would give you roughtly taxable rental income from the property. Assuming the rental bldg generates a (paper) loss, you can apply it towards your personal ordinary income and use it to reduce your ordinary income. If you show a rental profit, then you would have to pay at your marginal tax rate. Cash Flow: Annual Rental income – annual mortgage payment -/+ tax liability or tax benefit from owning this property. Add your own answer in the comments! Question by Anthony: Question about taking out a mortgage on a home? We plan on buying a home in about six months and we will be first time home buyers. We have enough saved up for a down payment and we were planning on paying off our cars loans which would takes us about 4-6 more months which is why we are waiting. Although we found a home for sale that we fell in love with, troche and our question is, for example: if we bought this home lets say within a month or so, but don’t move in for a few more months, is there something you can work out with a lender so you don’t have to make any payments till you move in. Or once you sign and bought the house, next month payment is yours? We haven’t talked to a mortgage lender yet because we weren’t planning on moving out no earlier than six months from now. Talking to a lender will be our next step, but I was just curious to know about this question. We have no other outstanding credit card debt. We don’t have to pay off our car loans we are just preferring to do so...

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When applying for an FHA, can your student loans be in forbearance or not?

on Mar 10, 2013 in FHA Information | 1 comment

30–year mortgage rate ticks up to 3.52% WASHINGTON (MarketWatch) — The average rate on the 30-year fixed-rate mortgage ticked up to 3.52% in the week ending March 7 from 3.51% in the prior week, more about cialis 40mg staying near record lows, cialis 40mg Freddie Mac said Thursday in its weekly report. A year earlier, patient the … If you would like more informaiton please visit here… 30–Year Fixed Mortgage Rates Continue to Slide for Second Consecutive Week … SEATTLE, March 5, 2013 (GLOBE NEWSWIRE) — The 30-year fixed mortgage rate on Zillow® Mortgage Marketplace is currently 3.37 percent, down three basis points from 3.4 percent at this same time last week. The 30-year fixed mortgage rate remained … More informaiton please visit here… FHA and the future role of government in housing We raised FHA's mortgage insurance premiums, stomach increased net worth requirements for lenders and hired the agency's first ever Chief Risk Officer. We also stepped up enforcement against lenders who were committing fraud against the government and … For more informaiton please visit here… WALLISON AND PINTO: New Qualified Mortgage rule setting us up for another … Despite the claim that it is “protecting consumers from irresponsible mortgage lenders, recipe ” the new Qualified Mortgage rule finalized in January by the Consumer Financial Protection Bureau turns out to be simply another and more direct way for the … For more informaiton please visit here… Student Debt and the Economy According to the new study, approved student debt almost tripled between 2004 and 2012, and is approaching $ 1 trillion, while the percentage of borrowers who were more than 90 days delinquent had risen to 17 percent, from 10 percent in 2004. In addition … For more informaiton please visit here… New England editorial roundup During the housing boom, Americans cashed out more than $ 1 trillion in equity by refinancing or through second mortgages or lines of credit, all with variable interest rates below those of traditional fixed-rate instruments. But when the bubble burst … For more informaiton please visit here… Question by noseyone: When applying for an FHA, buy can your student loans be in forbearance or not? We have gotten conflicting responses on this from so-called experts. We want to apply for an FHA, but my spouse’s student loans were in forbearance. The loans have been in repayment now for three months. How much longer do we have to wait to apply for an FHA? No guessing please – I want solid facts! Thanks. Best answer: Know better? Leave your own answer in the comments! When applying for an FHA, can your student loans be in forbearance or...

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Should you use a different lending company when applying for a home equity loan?

on Mar 6, 2013 in Stated Income Loans | 2 comments

A few nice chateau images I found: chateau de grosmesnil Image by erictaleux chateau de saint romain de colbosc effet dragan For more homes click here… Chateau de Breze Image by epeigne37 Chateau to the south east of Saumur – famous for its white wines from Chenin Blanc. @ all rights reserved More great houses click here… Chateau en ruine … Image by Grégory Tonon Chateau hanté / chateau maudit ou peut être bien les deux … More great houses click here… Some cool big house images: Big House Construction Season in Ann Arbor, information pills Michigan Image by cseeman Walking around Ann Arbor today…oh the cranes and work! More great houses click here… Mortgage Loan Modification – Saving Home from Foreclosure Both HARP (Home Affordable Refinance Program) and HAMP (Home Affordable Modification Program) were developed by the Obama administration in 2009 and have been updated since then. Saving home from foreclosure is exactly why these programs … More informaiton please visit here… Law credited for foreclosures drop The Home Affordable Modification Program, viagra buy or HAMP, dosage helps homeowners lower their monthly mortgage payments to 31 percent of their verified monthly pre-tax income. The Home Affordable Refinance Program, or HARP, helps homeowners refinance. For more informaiton please visit here… Current Refinance and Mortgage Rates at Wells Fargo Current Refinance and Mortgage Rates at Wells Fargo The best 30 year fixed rate mortgages at Wells Fargo (NYSE:WFC) are being quoted at 3.625% yielding an APR of 3.963%. The best 30 year FHA loan interest rates are on the books at 3.375% and APR … If you would like more informaiton please visit here… Home Loans: Wells Fargo Refinance and Mortgage Rates Home Loans: Wells Fargo Refinance and Mortgage Rates The best 30 year FRM interest rates at Wells Fargo (NYSE:WFC) start at 3.625% and APR of 3.963%. 30 year FHA loan interest rates at the bank are available starting at 3.375% with a bit higher APR … More informaiton please visit here… FHA streamline refinance: The easiest way to refi? The Federal Housing Administration (FHA) streamline refinance may be the easiest way for some homeowners to get today's best mortgage rates and quickly reduce their monthly payments. Designed for existing FHA customers, viagra approved the "streamline refinance" … If you would like more informaiton please visit here… Redwood's 0% Default Rate; The Nationstar Model and the Current State of … PMAC Lending Services is a direct lender and servicer supplying conventional and government products throughout the US and is Fannie Mae, malady Freddie Mac and Ginnie Mae approved and has fulfillment operational centers nationwide. … NSM services mortgage … More informaiton please visit here… All-cash Buying on the Rise While Delinquencies Drop; Nevada ants to do what? Now we have stats from Optimal Blue and Mortgage News Daily showing that loan originators saw a 21.9 percent rise in the number of "locked-in" loans last week. On a yearly basis, find rate lock volume was up 19 percent." Mortgages insured by the FHA grew 26 … For more informaiton please visit here… Question by stiqznstonz: i have bad credit, look and i want to get a mortgage what can i expect my interest rate to be? i live in NY if that makes a difference Best answer: Answer by KNIf you have bad credit, you will not get a mortgage. Give your answer to this question below! Verify out these chateau photos: Chateau de Monbazillac Image by E.L. Malvaney Chateau de Monbazillac. From the tour brochure: &quotBuilt about 1550, order Chateau Monbazillac stands right now almost specifically as it was...

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How does applying for a Home Loan Affect your credit score?

on Jan 26, 2013 in Stated Income Loans | 3 comments

by marsmet526 Question by Ana H: How does applying for a Home Loan Affect your credit score? I want to apply for Home Loan and see how much we qualify for. My question is that if we do not like the number and want to wait how will it affect our credit score if we decide to wait and save for a bigger down payment. I want to avail the $ 8000.00 tax credit. Does anybody know if it is an ongoing thing or it is only for the year 2009. Best answer: Answer by golferwhoworksthere is just 2 points for the credit pull that is all. Give your answer to this question below! How does applying for a Home Loan Affect your credit...

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