Posts Tagged "basic"

what are my basic concerns an priorities when i look for a home mortgage loan? I am a first time buyer?

on Apr 7, 2013 in FHA Information | 1 comment

Question by dean i: what are my basic concerns an priorities when i look for a home mortgage loan? I am a first time buyer? Should I go straight to the lender or go through a loan agent? What are the traps I should be careful about before I put pen to paper? Which option from your experience and knowledge is better( FHA or Conventional)? Best answer: Answer by Beverly SGo thru a lender not a broker- less fees. If you have 20% down go conventional- no mortgage insurance required. FHA is better if you have less than 20% down. Rates on both are pretty close. Credit must be at least 620 score. 2 years provable income required. 2 years good rental history. Get pre-qualified with a lender before you start looking- this is free in almost all cases. Do not buy anything on credit- it could wreck your approval. Make sure you get a fixed rate. Good luck! Add your own answer in the comments! what are my basic concerns an priorities when i look for a home mortgage loan? I am a first time...

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Q&A: Basic accounting question – is a loan shown as income during the year the company (Inc.) borrows the money?

on Feb 15, 2013 in Stated Income Loans | 1 comment

by eyewashdesign: A. Golden Question by Independent_guy: Basic accounting question – is a loan shown as income during the year the company (Inc.) borrows the money? Hi All, treatment diagnosis When a company (corporation) gets a $ 100, dosage 000 loan, is the loan shown as a loan or INCOME in the company’s tax return/tax filing? THANKS. Best answer: Answer by yah0o.yeheyi dunno about tax return/tax filing thing but loans and payables are shown in the liability side in the income statement 😀 Know better? Leave your own answer in the comments! Q&A: Basic accounting question - is a loan shown as income during the year the company (Inc.) borrows the...

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What is the basic difference between origination fee and discount fee also known as line 801 and 802?

on Dec 30, 2012 in Unique Loan Programs | 4 comments

Wells Fargo Kicking off New Year with Low Mortgage Rates The shorter term 15 year loan deals at the bank start at 2.375% and APR of 2.856%. The 5/1 ARM interest rates at … The best 30 year refinance FHA fixed rate mortgage interest rates can be had for 3.250% carrying an APR of 4.274% today. The best 30 … If you would like more informaiton please visit here… Mortgage Rates: Low Mortgage Rates Stable After Home Price Data Released Today's FHA 30 year fixed mortgage rates are as low as 3.250%, order cure FHA 15 year fixed mortgage interest rates are as low as 2.750% and FHA 5/1 ARM loan rates are as low as 2.500%. Low down payment guidelines and easier credit qualifying make FHA loans … More informaiton please visit here… Mortgage Rates: Low Mortgage Rates Remain Through Christmas Holiday Current FHA 30 year fixed mortgage rates are as low as 3.250%, FHA 15 year fixed mortgage interest rates are as low as 2.750% and FHA 5/1 ARM loan rates are as low as 2.500%. Many home buyers need FHA loans because of the low down payment … If you would like more informaiton please visit here… Question by First time buyer: What is the basic difference between origination fee and discount fee also known as line 801 and 802? I know both will bring down my mortgage rate and both can be called points. I wanted to know what are the advantages and disadvantages of each. I asked this same question to our lender and either they refuse to answer the question or they don’t know the difference. I feel like they are not being honest with me about this matter. Best answer: Answer by happybostonianThe answer is this: both are fees charged by mortgage brokers and lenders. Also, physician mortgage brokers can not charge points/ only lenders can- the term is mistakenly called this. Origination fee is something charged by the broker/lender to pay for administrative fees (processing and the like). Discount fee is something that a broker will charge in order to offset the discount points they are paying… although the regulations are not written as such. Hope this helps you out. Add your own answer in the comments! What is the basic difference between origination fee and discount fee also known as line 801 and...

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Basic accounting question – is a loan shown as income during the year the company (Inc.) receives the money?

on Dec 29, 2012 in Stated Income Loans | Comments Off on Basic accounting question – is a loan shown as income during the year the company (Inc.) receives the money?

Question by Independent_guy: Basic accounting question – is a loan shown as income during the year the company (Inc.) receives the money? Hi All, seek approved When a company (corporation) gets a $ 100, approved 000 loan, is the loan shown as a loan or INCOME in the company’s tax return/tax filing? THANKS. Best answer: Answer by pbroniNo, loan proceeds are not treated as income, and they do not flow through the income statement. Only if the loan is forgiven by the lender might the loan amount need to be recorded as income. Give your answer to this question below! Basic accounting question - is a loan shown as income during the year the company (Inc.) receives the...

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FHA Streamline Refinance : Basic Qualification Requirements

on Nov 27, 2012 in Unique Loan Programs | Comments Off on FHA Streamline Refinance : Basic Qualification Requirements

by eyewashdesign: A. Golden Question by krayz: do you have income with a reverse mortgage loan? I’m having trouble finding the law that states the answers for these. I’m only looking for the law that will answer my questions. When I take my monthly draw from the bank from my reverse mortgage loan is that considered income? Also can I deduct the interest when it is added to the outstanding loan balance each month. Best answer: Answer by FreakOfNature2000Yes you get a monthly income based on your situation but its a big rip off. Don’t do it. Give your answer to this question below! Question by The Mace: I’m trying to get a hold of someone at Chase Home Finance that deals with problems.? I’m trying to solidify my loan w/Chase Home Finance but they farm out the jobs to third world countries (Philippines). I’m always put on hold or the call is disconnected. I cannot get a hold of anyone that can help in the US and it’s getting really frustrating. Can someone provide an email address, more about of Chase Home Finance folks (professionals hopefully), this web that I can talk to or someone who can actually look into or solve my pay-off problem? Best answer: Answer by DavidSo is everyone else. That is why you shouldn’t use chase. Give your answer to this question below! Verify out these chateau photos: Château de Chenonceau Image by roger4336 Château de Chenonceau was constructed in 1515-1521. It was built across the Cher River, page east of Tours. It fell into the hands of the French crown. King Henri II gave it to his mistress, viagra approved Diane de Poitiers. Immediately after Henr1’s death in 1959, his widow, Catherine de Medici, took the chateau. Each of these ladies designed a significant garden, which nonetheless has her name. Chenonceau has been owned since 1913 by the Menier family members, which is recognized for chocolates. The chateau is called Chenonceau, but the nearby village is Chenonceaux. For a lot more residences click here… Chateau de la Beuvriere Image by Kentishman Chateau de la Beuvriere, St Hilaire de Court, Cher, France If you would like to see far more properties click right here… Château fort Image by ManuB. Château d’Anjony, à proximité du village de Tournemire. Ce château a été bâti au 15e siècle et est typique des petites forteresses de montagne de cette époque. For much more houses click here… Question by **4-22-2010**: Will home interest rates go back down or are the going to continue rising? Want to refinance my home, visit this site Wondering if I should wait a little bit, more about or do it now before they really start to climb back up. Best answer: Answer by JohnThey’re going to continue to rise, so if you’re looking to refinance you should try to do it now (though if your house doesn’t appraise for what you owe on it, you *may* not be able to) Add your own answer in the comments! FHA Streamline Refinance : Basic Qualification Requirements FHA mortgage rates are making new, price all-time lows while — at the same time — FHA mortgage insurance premiums (MIP) are gearing up for an increase. … Especially those in high closing cost states such as New York, thumb Texas and Pennsylvania. Get FHA … If you would like more informaiton please visit here… FHA Streamline Refinance : Basic Qualification...

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