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my credit score is low low and due to divorce i have to sell my home if i cant get his name off 2nd mortgage?

on Mar 18, 2013 in HARP Refinance | Comments Off on my credit score is low low and due to divorce i have to sell my home if i cant get his name off 2nd mortgage?

Question by Troy B: Are there any good 1st time home buyers programs to help with down payment and closing costs? Are there any good 1st time home buyers programs to help with closing costs and down payment? (Either or) I already have pre-approval and now was looking for help with the down payment or closing cost. As of right now the seller is picking up about 3.5% but that still leaves us with a sizable down payment and closing costs. Best answer: Answer by golferwhoworksthere are grant money available and ask the seller to pay closing cost. Your mortgage professional should have the info needed and apply for you Give your answer to this question below! Some cool chateau images: Chateau invernal Image by ¡Carlitos Château d’Amboise, stomach Loire, capsule France A lot more fantastic houses click here… by jann_on Question by aayad53: Any idea for debt consolidation up to 10 years? I have over $ 88K in credit cards. I went to debt consolidation program and my FICO score went high. My only problem, check payment based on 5 years so my monthly payment so high. Do anyone know if someone can do debt conolidation but payments will be for 10 years? I don’t have any equity in my home to refinance Best answer: Answer by Budget DoctorFigure out how much you can pay each month and pay down the highest APR credit card the most each time. For the other cards, more about just pay the minimum. that will effectively produce the same result as a debt consolidation program What do you think? Answer below! Current Mortgage Rates at Berkshire Bank Current Mortgage Rates at Berkshire Bank Standard 30 year FRM interest rates at Berkshire Bank (NASDAQ:BERK) are coming out at 3.750% yielding an APR of 3.778% today. 30 year FHA loan interest rates at the bank are being offered for 4.375% and … If you would like more informaiton please visit here… HSBC Current Refinance and Mortgage Rates HSBC Current Refinance and Mortgage Rates The best 30 year FRM interest rates at HSBC Bank (NYSE:HBC) are on the books at 4.000% and an APR of 4.134%. 30 year FHA loan interest rates at the bank are published at 3.500% carrying an APR of … If you would like more informaiton please visit here… Reverse Mortgage “Kill Switch” Postponed, recipe HUD Expects Delays in Wake of … In this week's Reverse Focus podcast, Shannon Hicks discusses the “kill switch,” or the cap limit on the number of reverse mortgages that can be insured by the Federal Housing Administration (FHA) has been postponed. Under a continuing resolution … More informaiton please visit here… Current Mortgage Rates: Wells Fargo Refinance Rates for February 20, 2013 Current Mortgage Rates: Wells Fargo Refinance Rates for February 20, 2013 Wells Fargo (NYSE: WFC), which is … For conforming loan balances, the 30-year fixed rate home mortgage can be secured at 3.625% interest for an APR (annual percentage rate) of … If you would like more informaiton please visit here… Question by openminded: my credit score is low low and due to divorce i have to sell my home if i cant get his name off 2nd mortgage? due to divorce i have to refi the 2nd mortgage with his name on my home–now that the economy is worse and credit is tight i cant refi the 2nd mortgage—its apprx 12k—-the main mortgage is only in my name and i have been here 10years—but i will have to sell even though i need to reroof and etc i will owe if i...

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Why can’t people who got behind on house payments get help restructuring a means to keep their home.?

on Feb 4, 2013 in HARP Refinance | 4 comments

Question by reapacheep: What banks or lenders are the best in consulting about the HARP program? I qualify, more about ailment but I want to make the best first step by contacting a lender or bank that has a good track record for offering these type of refinances. Thanks Best answer: Answer by Rob SI’m pretty sure your own lender now can do the highest loan-to-value ratio (125%). If you go to another lender they can only go up to 100% or 105% of LTV I believe it is. Maybe check that restriction possibility out when you go shop it. Good luck, hope it works. Know better? Leave your own answer in the comments! by Chris Devers Question by emartel01: Did George Bush create a law regarding interest rates for home loans? Last I heard, visit this George Bush passed a law regarding interest rates for home loans. Can someone explain to me? Best answer: Answer by poolman4u03I don’t know if the law was passed, but the point was to freeze intrest rates for people with adjustable rate mortgages for a period of time. Add your own answer in the comments! Question by Cody: What is the highest mortgage I could afford on a small home? I generate with my fiance about $ 500 a week (well, web its more but I am rounding it down quite a bit). We are looking to get a small home, hospital 3 bedroom one floor house. We are in Michigan and plan to stay in our current area. I have fairly decent credit, about it not excellent, but certainly not bad. With utiliy cost in Michigan (winters mainly) what do you think our mortgage should be like? Whats the highest we can go on a loan? We are first time home buyers, and will likely try to find a foreclosure home to get us started for a good price. Any opinions and help would be appreciate, its our first steps out into ownership! Best answer: Answer by Uncommon SenseSince we are not psychic, we can’t answer. WAY too many variables in there like debt, credit score, type of loan. etc Give your answer to this question below! Question by Brian B: How do current mortgage rates help new home builders? I’d like to buy new construction as a result of the great mortgage rates right now. However, erectile by the time I’d close on my house in December, viagra 60mg it could be a totally different ballgame and rates could go through the roof. It seems to me, stuff then, that low mortgage rates only help people refinancing or buying an existing house. Best answer: Answer by Danielle MIt dosen’t help homebuilders. Right now nobody is really touching new construction. Theres to much inventory already on the market. What do you think? Answer below! Mortgage Rates: New Home Sales in 2012 Highest in Three Years Today's FHA 30 year fixed mortgage rates are as low as 3.250%, buy FHA 15 year fixed interest rates are as low as 2.750% and FHA 5/1 ARM loan rates are as low as 2.500%. While conventional loans are popular, purchase FHA loans are a major choice for first time home … If you would like more informaiton please visit here… Verify out these castle photos: Castle Stalker, side effects Appin Image by Eglos Castle Stalker, buy information pills Appin. If you would like to see additional properties click here… Question by Peggy Golden: Why can’t people who got behind on house payments get help restructuring a means to keep their home.? My husband and I got...

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Why can’t you refinance a upside mortgage if you current on payments to take advantage of low interest rates?

on Jan 5, 2013 in HARP Refinance | 2 comments

by Chris Devers Question by Mallory: Why can’t you refinance a upside mortgage if you current on payments to take advantage of low interest rates? I make my mortgage payments on time but mortgage is upside down. I’d like to lower my payment by refinancing the amount owed but banks want me to go thru gov loan modification programs. Go there and you can’t qualify because your NOT behind on your payments. If I’m on the hook for the mortgage what difference is it to the bank if I refinance the amount and put myself in a better financial situation? Best answer: Answer by MSADYou can’t borrow more than the asset is worth. At the time the bank agreed to give you money – the house was worth the amount borrowed. The bank did not loan you more than the house was worth. You can re-fi an underwater house. You just have to have the ability to write a check for the difference between the amount of the loan and the value of the house. Know better? Leave your own answer in the comments! Why can't you refinance a upside mortgage if you current on payments to take advantage of low interest...

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Is it illegal to get lots of loans that you cant pay back?

on Nov 9, 2012 in Stated Income Loans | 3 comments

Check out these apartment creating pictures: 0801 | Drake Apartment Developing | 2009 | East Side Image by Facility Records | MSU Physical Plant 0801 | Drake Apartment Building | 2009 | East Side If you would like to see more properties click right here… 0802 | Howland Apartment Constructing | 2009 | South Side Image by Facility Records | MSU Physical Plant 0802 | Howland Apartment Developing | 2009 | South Side If you would like to see much more homes click here… by eyewashdesign: A. Golden Question by reychael_rios2001: How can someone who is on disability income , look w/poor 2 no credit credit, diagnosis get a home loan? Can a person on disability income with poor to no credit,married, combined incomes get a loan big enough to purchase a small family home with enough to pay of other debts Best answer: Answer by sundayschild63If you can find a co signer that has good credit,that trusts you enough to sign for you. Thats the only way I know of. Add your own answer in the comments! Question by garnegus: NEED ADVISE ON FHA HOME LOAN VS PRIVATE LOAN? HELLO EVERYONE. I SEEN A FORECLOSURE PROPERTY OWNED BY CHASE PREVIOUS BROUGHT 50Ok AND NOW SALING FOR 289k. NOW I HAVE THE CASH, sales CREDIT, capsule INCOME, approved BUT THIS PURCHASE WOULD BE MY SECOND HOME THAT I WANT TO MAKE MY PRIMARY RESIDENT. nOW MY FISRT HOME i LIVE IN , I HAVE PLACE IT ON THE MARKEFT TO SELL. I ONLY HAVE ONE PROBLEM, FHA REQUIRES THAT YOU HAVE 25% EQUITY IN YOUR HOME IN ORDER TO PURCHASE A SECOND HOME OR TO USE IT AS A RENTAL INCOME. I HAVE SOME TO CO SIGN WITH ME, BUT SHE PURCHASE A HOME LIKE ME 4 YEARS AGO AND WE BOTH HAVE NO EQUITY. SOMEONE TOLD ME TO GET A PRIVATE LOAN THEN IN 6 MOS, THEN FINACE IN 6 MONTH. DOES ANY ONE HAVE ANY EXPERIENCE WITH PRIVATE LOAN HOME PURSCHASE. I AM SO REDY TO BUY, BUT I CAN’T DUE TO NO EQUITY AND I DON’T HAVE ENOGH OF MONEY TO GO CONVENTIONAL. . ANY ADVISE????? Best answer: Answer by thedude81321Firstly, you should probably take caps lock off and properly use upper and lower cases, it will get many more people to answer your question. It sounds like you are not really in a situation to buy a home. If you don’t have enough money to go conventional, you may find that you don’t have enough money to keep paying for the house. A private loan may work, but it also could end up screwing you in the long run. If you don’t have the ability to get a conventional loan, will someone want to refinance you in 6 months? You may end up with that private loan for longer than you think. My suggestion is to wait on this whole purchase. Unfortunately, you can’t really expect to buy a home and then turn around and sell it in just a few years. This is also a terrible time to sell, and you can’t really count on your house even selling, so if you can’t afford this new one without your house selling, you are into another issue. Sorry to rain on your parade, but from what you’ve told me, this just doesn’t seem like a smart decision at the moment. Good luck. Know better? Leave your own answer in the comments! Question by jojo: I’m wanting to buy a 0, pill 000 house. How much should I expect to pay for a down payment and...

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Q&A: does fha mortgage insurance cover your mortgage if you cant make a payment?

on Oct 6, 2012 in FHA Information | 2 comments

Question by ryan: does fha mortgage insurance cover your mortgage if you cant make a payment? i just lost my job and i was wondering if fha mortgage insurance would pay my mortgage for a period of time like the Rainy day fund does for private lenders who are enrolled in the program Best answer: Answer by jlfNo. It insures the lender against the borrower defaulting on the loan. It does nothing to benefit the borrower. Know better? Leave your own answer in the comments! Q&A: does fha mortgage insurance cover your mortgage if you cant make a...

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