Stated income loans to people with good credit are essential for a recovery – can you push banks to start?
by eyewashdesign: A. Golden Question by International: Stated income loans to people with good credit are essential for a recovery – can you push banks to start? For the economy to recover banks must start lending to people with good credit who are willing to sacrifice a larger portion of their income for their mortgage. The old income to loan ratios dont work and people with great credit history will not default. What is essential is a higher down payment not tax returns! Stated income and low-doc loans have to come back and when they do the economy will bounce back instantly. Best answer: Answer by Ryan MStated income loans helped create the housing bubble to begin with. Those people who are willing to sacrifice a higher percentage of their income are a HUGE risk to the lender. Know better? Leave your own answer in the...
Read MoreFHA has no mimimum mortgage requirement, but banks will only make a loan for so little?
Mortgage Refinancing: Wait or Move Now? The CoreLogic Home Price Index is up 2.5 percent from a year ago and the Federal Housing Finance Agency's purchase-only index reached its highest level in nearly two years, order medicine after growing 3.7 percent from last year — the fastest pace since September … If you would like more informaiton please visit here… Arizona State Credit Union reports members' HARP savings Arizona State Credit Union saved 600 of its members more than $ 2 million each year by participating in the federal government's Home Affordable Refinance Program. The average member saved $ 369 on monthly mortgage payments, website the credit union reports. More informaiton please visit here… Question by Go with the flow: FHA has no mimimum mortgage requirement, website but banks will only make a loan for so little? True or False. Let’s say you find a house for $ 8, information pills 000 From what I have read, there FHA does not have a minimum requirement. But, from what I have read most banks do not make mortgages for loans under 40K or 50K. My guess is all the paperwork and costs would be too great for an amount so small. Anyone an expert on this? I am sure there are banks out there that will do mortgages for only 30K, but I can’t imagine it being worth their time to do a mortgage for less Best answer: Answer by djstwainAs with any business they get to decide what loans will make them money. When you take into consideration the cost of doing business, it may not makes sense for them to write a loan for under $ 20,000. I would try a credit union or local regional bank. What do you think? Answer...
Read MoreI received a lot of letters to refinance my house through HARP. Are these banks safe? ?
Question by Anabela: I received a lot of letters to refinance my house through HARP. Are these banks safe? ? They offer 3.625% with 3.844%APR. I’m single mother and the price of my house went down 100, price hospital 000.00. Appraisal 250.00. I own to one of Boston banks $ 255, visit web 022.81. I have to refinance until next year. Fixed until March 2013 with 5.625% interest rate. HARP is a safe refinance? Best answer: Answer by Go with the flowDon’t deal with anyone that contacts you first. If you want a good bank, you research it yourself and pick the best. Often the people that call, send junk emails, or mail you stuff are the worst companies. Get smart, and start doing some homework. Go to bankrate.com and click on mortgages – for a good start. Add your own answer in the...
Read MoreI received a lot of letters to refinance my house through HARP. Are these banks safe? ?
Obama-Fueled Mortgages Boost Profit at US Home Lenders (JPM), dosage more about the largest U.S. home lenders, pharm will post third-quarter profit buoyed by government policies intended to help borrowers. Those firms, shop along with No. 3 U.S. Bancorp and fourth- ranked Bank of America Corp. … Obama has pushed for more refinancing … For more informaiton please visit here… Question by renan h: can i get a home loan with 10 to 20% down .good credit .no income verification.150, cure 000 mortgage loan.? answer from someone experienced.knowledgeable.thanks Best answer: Answer by tommy rdepends on the value of the property and the lender involved as far as no income verification, the rate may be a little higher check the banks where you do business first for a dry run on the rates good luck Add your own answer in the comments! by marsmet526 Question by jaimeprater2000: A mortgage loan for bad credit? My partner and I are first time home buyers, website like this we’re really wanting to purchase a home. Our credit is less then great but we know we can qualify for FHA loans and other grants to help us with a down payment, physician etc…we just need some help. Best answer: Answer by DavidYour best best is with an FHA as you noted above. The last time I was working with FHA loans the minimum credit score cutoff was 620… it could have been changed recently. The minimum down payment is 3.5%. I would pull a free credit report and work on paying any past due collections, make sure your payments are on time, and lastly ensure your credit cards are not highly utilized What do you think? Answer below! Question by Anabela: I received a lot of letters to refinance my house through HARP. Are these banks safe? ? They offer 3.625% with 3.844%APR. I’m single mother and the price of my house went down 100, ask 000.00. Appraisal 250.00. I own to one of Boston banks $ 255,022.81. I have to refinance until next year. Fixed until March 2013 with 5.625% interest rate. HARP is a safe refinance? Best answer: Answer by Go with the flowDon’t deal with anyone that contacts you first. If you want a good bank, you research it yourself and pick the best. Often the people that call, send junk emails, or mail you stuff are the worst companies. Get smart, and start doing some homework. Go to bankrate.com and click on mortgages – for a good start. Add your own answer in the...
Read MoreRefinance loans are booming as home values increase, banks are more willing …
Refinance loans are booming as home values increase, cialis 40mg mind banks are more willing … Among those, see the bank has seen "a steady volume" of applications to qualify through the government's Home Affordable Refinance Program, information pills she said. Half of refinance customers are choosing Third Federal's "smart rate" product, which offers a rate about 1 … More informaiton please visit here… Your Say: Housing help off target? Hurdles to overcome Government programs such as the Home Affordable Modification Program and Home Affordable Refinance Program have been a farce. Fannie Mae and Freddie Mac should have leadership removed. Banks created our mess and continue making money. If you would like more informaiton please visit...
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