Posts Tagged "cash"

Q&A: Can I take an equity cash back refinance loan or home equity loan, lease it, then buy new?

on Mar 9, 2024 in FHA Information | 0 comments

Question by KEVIN Z: How do I build a successful career as a good mortgage loan officer in a down housing market? I have recently become a mortgage loan officer in the DFW area. There is not a lot of experience in my office. Any advice where I can get assistance to survive this market? I would be happy to learn how to close at least one loan per month then build from there. Thanks for your assistance. Best answer: Answer by DionannanBad timing. As I understand the housing market is down and still falling. Keep working at it and continue studying. The market will rise – When ………….. Watch the experts. Add your own answer in the comments! Some cool condominium images: Neon Lighted Condominium At Kota Kinabalu, viagra buy Malaysia Image by thienzieyung I was very surprised when I initial spotted this the night ahead of – Alam Damai Condominium lighted up with new neon lights at the top. For every single block, online there are four main sources of neon lights placed facing each other on the &quotL&quot shaped ‘pillar’ at the top rated. These lights modify colour repeatedly, but largely stays purple. It can adjust from orange and even to green. These lights are most likely only noticeable from places south of the condominium. That is, locations such as Luyang, Lido, Karamunsing. Areas such as Likas and Menggatal may not be capable to see it. The condominium genuinely kicks ass at night as these are possibly the first buildings to have such night lighting in Sabah. The windows are nevertheless dark the blocks are nonetheless unoccupied as of now. Photo taken at the shops along Kolam Road. Much more great houses click here… by eyewashdesign: A. Golden Question by Anna H: How can a student with several loans get approved for a home loan? I am currently a student with several student loans out in my name. I have a good credit score but am only able to work part time due to school. I make enough money to cover monthly rent with my boyfriend. We want to get into a house but I fear my loans and low income will make it difficult if not impossible for us. Best answer: Answer by JudyPlease follow 2 things: 1. Try your best to put 20% so you don’t pay that nasty PMI. It is not tax deductible, viagra 60mg and does not apply towards interest or principal. Like throwing away thousands a year. 2. Don’t let the banks bully you into any mortgage that has the words “variable or indexed” interest rates. Stick to 15 or 30 year fixed. / Know better? Leave your own answer in the comments! Mortgage Rates: Low Mortgage Rates On Hold As December FOMC Begins While lender overlays and restrictions can make it difficult for some borrowers to obtain a HARP 2.0 loan, pilule there is an easier way to find HARP lenders who will assist and work with borrowers. For this purpose, cheapest the online form is available for … For … More informaiton please visit here… IndyMac Back in the News; First Time Homebuyer Comments; Ocwen's… Starting December 10th, the FHA will accept manual delivery of credit scores and will be adding a field to the Connection Insurance Application in order to differentiate between Credit-Qualifying and Non-Credit Qualifying Streamline refinances. The … More informaiton please visit here… Mortgage Rates : FHA, VA, Conforming Rates Ease Lower Monday he Fannie Mae (FNMA) 3.0% coupon closed +3/32 to 105.05. Fannie Mae bonds are tied to conforming mortgage rates and conforming loan...

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Is it difficult to obtain financing for 5% down payment in cash, 80% first mortgage and 15% second mortgage?

on Feb 11, 2024 in FHA Information | 2 comments

Question by Dorinda: What is The Home Affordable Refinance Program? HARP stands for Home Affordable Refinance Program Best answer: Answer by rtfmhttp://www.makinghomeaffordable.gov/programs/lower-rates/Pages/harp.aspx Know better? Leave your own answer in the comments! by marsmet526 Question by OpenMinded: Is it difficult to obtain financing for 5% down payment in cash, see 80% first mortgage and 15% second mortgage? I’ve accepted an offer on my house. However, this web I’m concerned about the potential buyer’s ability to obtain a loan. He can only put down 5% in cash. As a result, sildenafil he’ll need two mortgages. The first one is 80% and the second one is 15% (probably with a higher interest rate). I heard that although this type of loan was not difficult to get approved in those good years, it is not so easy these days. Is that true? Will it be more difficult than an FHA loan with 5% down in cash? Best answer: Answer by HEATHERDoubtful that will happen. If he only has 5% he will have to go FHA. Give your answer to this question...

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I own an investment property that is underwater and has negative cash flow. Is there any thing I can do?

on Dec 22, 2023 in HARP Refinance | 1 comment

Question by : I own an investment property that is underwater and has negative cash flow. Is there any thing I can do? It is non-owner occupied and not FHA backed so I do not qualify for HARP, seek ampoule HOPE or any other government program. I had to lower the rents because of all of the vacancies in the area and now the cost of maintenance is becoming an issue. The loan is with Bank of America and they told me the only thing I could do is a short sell. Is there any thing I can do to get my monthly payment reduced? Best answer: Answer by Stephen GSection 8 rental. Call the appropiate agency Give your answer to this question...

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In 2003 what did FHA Reverse Mortgages pay in interest on unused available cash?

on Oct 17, 2023 in FHA Information | 1 comment

HARP Study: Your Loan-to-value products in Affects Your Choice Mortgage The 30-year fixed rate mortgage increased its market share compared to other mortgage products. In part because of the HARP 2.0 refinance selected households. Benchmark product with the highest rate in 18 months 15-year fixed mortgages have … For more informaiton please visit here … Treason – for his father’s dream – The obsessional neurosis of Barack Hussein Obama II in the White House Image by Richard Loyal French “”The President isn’t exactly a socialist. So what’s driving his hostility to private enterprise? Look to his roots. Barack Obama is the most antibusiness president in a generation, and perhaps in American history. Thanks to him the era of big government is back. Obama runs up taxpayer debt not in the billions but in the trillions. He has expanded the federal government’s control over home mortgages, recipe investment banking, more about health care, autos and energy. The Weekly Standard summarizes Obama’s approach as omnipotence at home, impotence abroad. The President’s actions are so bizarre that they mystify his critics and supporters alike. Consider this headline from the Aug. 18, 2009 issue of the Wall Street Journal: "Obama Underwrites Offshore Drilling." Did you read that correctly? You did. The Administration supports offshore drilling–but drilling off the shores of Brazil. With Obama’s backing, the U.S. Export-Import Bank offered billion in loans and guarantees to Brazil’s state-owned oil company Petrobras to finance exploration in the Santos Basin near Rio de Janeiro–not so the oil ends up in the U.S. He is funding Brazilian exploration so that the oil can stay in Brazil. More strange behavior: Obama’s June 15, 2010 speech in response to the Gulf oil spill focused not on cleanup strategies but rather on the fact that Americans "consume more than 20% of the world’s oil but have less than 2% of the world’s resources." Obama railed on about "America’s century-long addiction to fossil fuels." What does any of this have to do with the oil spill? Would the calamity have been less of a problem if America consumed a mere 10% of the world’s resources? The oddities go on and on. Obama’s Administration has declared that even banks that want to repay their bailout money may be refused permission to do so. Only after the Obama team cleared a bank through the Fed’s "stress test" was it eligible to give taxpayers their money back. Even then, declared Treasury Secretary Tim Geithner, the Administration might force banks to keep the money. The President continues to push for stimulus even though hundreds of billions of dollars in such funds seem to have done little. The unemployment rate when Obama took office in January 2009 was 7.7%; now it is 9.5%. Yet he wants to spend even more and is determined to foist the entire bill on Americans making 0,000 a year or more. The rich, Obama insists, aren’t paying their "fair share." This by itself seems odd given that the top 1% of Americans pay 40% of all federal income taxes; the next 9% of income earners pay another 30%. So the top 10% pays 70% of the taxes; the bottom 40% pays close to nothing. This does indeed seem unfair–to the rich. Obama’s foreign policy is no less strange. He supports a 0 million mosque scheduled to be built near the site where terrorists in the name of Islam brought down the World Trade Center. Obama’s rationale, that "our commitment to religious freedom must be unshakable," seems utterly irrelevant to the issue of why the proposed Cordoba House should be constructed at...

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Refinance Mortgage Rates (FHA, HARP, VA, Cash Out)

on Apr 7, 2023 in FHA Information | Comments Off on Refinance Mortgage Rates (FHA, HARP, VA, Cash Out)

Refinance Mortgage Rates (FHA, more about here HARP, store VA, Cash Out) In a cash-out refinance, the refinance mortgage may optionally feature a lower mortgage rate than the original home loan; or shorter loan term, such as moving from a 30-year mortgage to a 15-year mortgage. The defining characteristic of a cash-out … If you would like more informaiton please visit here… 30-Year Mortgage Rates Fall For 5th Straight Week, Reach 4.12% Mortgage rates will also be different for loans which are not "conventional"; that is, backed by Fannie Mae or Freddie Mac. This includes mortgage rates for FHA loans, for VA loans, and for USDA loans. Rates for these loan types are similarly low, however. If you would like more informaiton please visit...

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