Posts Tagged "bought"

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...

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wife bought a house before marriage, the worth and what we owe is the same. Do we need 20% down to Refinance?

on Dec 21, 2012 in Unique Loan Programs | Comments Off on wife bought a house before marriage, the worth and what we owe is the same. Do we need 20% down to Refinance?

Question by Brandi: How soon can you use a VA loan to purchase a home after a shortsale on an FHA loan? My husband and I did a short sale on our home 15 months ago on an FHA loan, medications store because we were stationed over seas for three years it became to hard to hold onto the home. We would like to purchase another home using my husbands VA benefits now that we will be stationed stateside again. How long do we have to wait to use the VA loan? Best answer: Answer by Real Estate Guya shortsale is basically the sale as a FC. You will need to wait at LEAST 3 years, what is ed to 5 years. Talk with a lender. Give your answer to this question below! A handful of nice mansion pictures I located: Fairlawn Mansion Image by chefranden Welcome to Fairlawn Mansion &amp Museum. Fairlawn was built as the home of Martin Pattison who lived here with his wife Grace and six young children. Pattison, web a wealthy lumber and mining baron, help envisioned Fairlawn as a house befitting his good results. Construction began in 1889 and was completed in 1891 for a expense of ,000. The 42 room mansion is built in the popular Queen Anne Victorian style of architecture. The proud four story turret makes Fairlawn a familiar landmark along Harborview Parkway. Other classic features of the Queen Anne style contain the home’s prominent porch, steeply gabled roof, and the use of contrasting colors and textures on the exterior trim. Following Martin’s death in 1918, Grace Pattison donated Fairlawn to the Superior Children’s Residence and Refuge Association to be employed as an orphanage. Around 2000 children referred to as Fairlawn property during the 42 years it was a children’s house, from 1920-1962. For much more houses click right here… Mansion in Spring Image by Sasha Vasko Missouri Governor’s mansion. Pentax K100D with Asahi S-N-C Takumar 35mm 1:three.5 lens. If you would like to see more properties click here… Getting Your Financial House In Order There are also mortgage calculators that can show you how a larger down payment can lower your monthly mortgage payment. • Consider the positives—and the negatives—of … While many first-time borrowers believe 3.5 percent is the better option, more about the … If you would like more informaiton please visit here… How Much Does a House Cost? Mortgage loans insured by FHA are pooled and readily sold to investors worldwide in huge amounts because the timely payment of principal and interest is guaranteed by the US Treasury. Many other US mortgages are pooled and sold under similar protection … More informaiton please visit here… Top 5 Predictions for the Housing Market in 2013 After slogging through years of crippling property value declines and foreclosures, case the housing market finally gained traction in 2012 as strengthening home prices, seek better sales, and more construction propelled the sector to be one of the only bright … For more informaiton please visit here… As 2012 Comes to a Close, Mortgage Rates Approach New All-Time Lows “The modifications made to President Obama's Home Affordable Refinance Program are another boon to many borrowers, especially those underwater on their mortgages,” said Johnson. Set to expire on December 31, 2013, the program known as HARP 2.0 … If you would like more informaiton please visit here… Mortgage Rates: Low Mortgage Rates Remain Intact After Building Data Released Existing mortgages that were sold to Fannie Mae or Freddie Mac prior to June 1, 2009 can refinance through the HARP program which does not...

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Are the closing fees to refinance a house the same as the initial closing fees when I first bought the house?

on Dec 19, 2012 in FHA Information | 1 comment

A few great apartment building images I identified: 0805 | Bauman Apartment Developing | 2009 | West Side Image by Facility Records | MSU Physical Plant 0805 | Bauman Apartment Constructing | 2009 | West Side If you would like to see much more houses click right here… Question by Ken: How much will a Home Equity Loan cost? I am considering using a Home Equity Loan as down payment for the purchase of a second property. I have two questions. Is it true that the interest will be tax deductable if I take out no more than 100k? Secondly, information pills how much typically will a Home Equity Loan cost me in fees? Best answer: Answer by matzaelInterest on home loans is generally tax deductible. This includes equity lines. The fees range from nothing to about $ 1-1500 tops. This is going to depend on the rate. Obviously the ones that have no closing costs typically have a higher rate. Typically for a smaller loan amount you want to go with a no closing cost option and for the bigger ones you’d pay the fees and get a lower rate. Add your own answer in the comments! Question by Think about it: What is the difference between the Making Home Affordable refi and modification? My mortgage loan qualifies for the Making Home Affordable program, viagra but I don’t know what the difference is between selecting a refinance or a modification. My situation is that I have significantly lost income and at the same time my home value has dropped way below my mortgage balance so I can’t sell and my payments are too high to continue making, am already about to miss a payment this month. Best answer: Answer by bobby769Modifications are generally designed for people who are late on their mortgae and/or owe more than the home is worth. Their’s no closing costs and the ‘new’ loan would be with the same bank. Generally less paper work is required. A refi involves more paperwork and and just about anyone who can afford the closing costs and has the required creid tcan qualify for the refi. A refi very often is with a differnet bank. Because you’re upside down on the mortgage (meaning you owe more than the house is worth) you may qualify for a mod. If you do, and the terms of the mod are better (that is, you can actually afford the home after the mod) then I’d say jump on the mod. One thing to keep in mind. Sometimes you are required to bring the mortgage current in order to get the mod. If this is something you have to do but don;t have the funds to get current, beg and borrow to get that money from family or friends. What do you think? Answer below! Question by Cool Dude: Does anyone have a handle on how much the Feds spend on banking regulation? I tried to find out how much is spent on enforcing just the Home Mortgage Disclosure Act (HMDA) and the Real Estate Settlement Procedures Act (RESPA), buy which entails an army of government lawyers and statisticians, cure but neither my Congressman or my Senators could come up with an answer and didn’t seem particularly concerned that no one knew. My guess is that more money is spent by the lending industry itself in government mandated reporting and by the Feds in excessive monitoring and regulating than would be needed to fund every loan ever turned down by any lender for any reason whatever, physician including fraud and bad credit, let...

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Q&A: What will happen to my home loan if WaMu closes or gets bought?

on Dec 5, 2012 in Unique Loan Programs | 3 comments

Question by Midian: How long does it take to get a Condo approved for a FHA Loan? Me and my husband are trying to Buy a condo in Utah. We have been approved for the FHA Loan and we have been waiting for the home to be FHA approved. . . . . we’ve waited almost 2 months. How long does it usually take for a Condo to be FHA approved? Best answer: Answer by I is Smart!Condos can take a long time. FHA has strict guidelines on condo associations and most of them are becoming insolvent. FHA only guarantees top tier loans sometimes and requires a lot of strict underwriting. You should be able to go to the FHA website and find out if your condo development is approved under FHA guidelines. Add your own answer in the comments! Examine out these chateau images: Chateau Image by Let Concepts Compete Chateau in Sully, viagra sale France. If you would like to see more houses click right here… Chateau d’Anet Image by ell brown A French Chateau near Dreux built from 1547 to 1552 for Diane de Poitiers, link the mistress of Henry II of France. The Chateau was utilised as a place in the 1965 James Bond film Thunderball This was just a rapid photo quit on our tour group, information pills so we did not go in. Took lots of shots and we were on our way towards Chartres. The Château d’Anet is a French château near Dreux built by Philibert de l’Orme from 1547 to 1552 for Diane de Poitiers, the mistress of Henry II of France. It was a gift from the king and was built on the former château at the center of the domains of Diane’s deceased husband, Louis de Brézé, seigneur d’Anet, Marshal of Normandy and Master of the Hunt. The château is particularly noted for its exterior, notably the statues of Diane de Poitiers as Diana, goddess of the hunt, by Jean Goujon and the relief by Benvenuto Cellini more than the portal. Anet was the site of a single of the first Italianate parterre gardens centered on the building’s facade in France the garden-designer in charge was Jacques Mollet, who educated his son at Anet, Claude Mollet, destined to turn out to be royal gardener to 3 French kings. Anet right now The château was built partly upon the foundations and cellar vaults of a feudal castle that had been dismantled by Charles V and was subsequently rebuilt as a Late Gothic manor of brick and stone. The château was not pillaged for the duration of the French Revolution, but Diane de Poitiers’ remains were removed to a pauper’s ditch in the parish cemetery and the wealthy contents of the château, which had been the home of King Louis XVI’s cousin, Louis Jean Marie de Bourbon, duc de Penthièvre, were sold at auction as biens nationals. A large component of the château was subsequently demolished, but only immediately after Alexandre Lenoir was capable to salvage some architectural components for his Musée des monuments français ( presently situated in the École des Beaux-Arts in Paris). The components were reinstalled at Anet right after World War II. The restoration of the château itself, in pitiable condition, was due to comte Adolphe de Caraman, who purchased it in 1840 and undertook a colossal system of restoration. In 1851, the minister of the interior granted Anet the status of a monument historique. Under economic duress, Caraman sold the château in 1860 to Ferdinand Moreau, who continued the restoration, buying furnishings and performs of art...

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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...

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