Q&A: companies that do no/low-doc mortgage loans?
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 comments! by watchingfrogsboil Question by RAJAN s: Making home affordable loan program? My loan is owned by Freddie Mac. Like most people my house value is less that what I owe. But the above program lets me refiance. I called my bank and checked. But they told me that since my loan is owned by Freddie Mac I can only refiance with them and cannot shop for loan from other banks. Is this true? I heard that this condition does not apply to Fannie Mae owned loans. Wierd. Thanks, cheapest I did mention that I meet the criteria per makinghomeaffordable.gov. But my current back say that I can only refinance through them as my loan is owned by freddie mac. If it was fannie mae owned loan then I could seek other banks for loan. Is this true is my question. Best answer: Answer by Pandas4mego to makinghomesaffordable.gov and see if you are eligible for the program, pilule there are some guidelines you must meet. Give your answer to this question below! Question by gypsyecsa: What income are they looking for for the “making home affordable” program.? I want to refinance, sildenafil not modify. Do they want to see that I make alot of money or a little? I know to refinance you must show you make a decent amount of money. They are asking for my bill totals and income, look does anyone know the ratio or what they are looking for? Best answer: Answer by Gaytheist BuddhaRule of thumb is that you can afford a house that is 3 to 3-1/2 times your gross annual income. Rule of thumb #2: Your mortgage payment (principle, viagra interest, property taxes, and insurance) should not exceed 28 to 33% of your gross monthly income. If you have no other debts (no car loans and you don’t carry a revolving balance on your credit cards) you may have slightly higher limits. Your total debt load (mortgage plus auto and other minimum debt payments) may not exceed 38 to 43% of your gross monthly income. Good luck! What do you think? Answer below! Question by schecm: companies that do no/low-doc mortgage loans? trying to find companies that will do unconventional mortgages for individuals or corps. LTV can be as good as 60% on a loan no larger than 400K total. Best answer: Answer by bron357Given the credit problems everywhere, price no one does “no doc” or “low doc” loans anymore. They want great credit score, cheap proof of employment /income for 2 years and evidence of other assets plus you fronting up with a hefty size deposit. You can shop around, but success is doubtful unless you can meet the now, very strict and inflexible, lending...
Read Morehow do i compare mortgage companies rate without each of them pulling my credit?
Some cool mansion photos: Mansion Hotel Image by feldpress Mansion Hotel Grand Opening Could 12, ampoule illness 2007 For more homes click right here… Question by peeboo6es2003: how do i compare mortgage companies rate without each of them pulling my credit? I want to compare different mortgage lenders rates for me but I don’t want them all pulling my credit & lowering my score. My credit score is 739, doctor and a place told me 6.5% yesterday. What is the average rate for good credit?? Can I get a better rate from my bank or a mortgage company? Best answer: Answer by Mythogical BeastMost places can give you a quote by just hearing your average annual income, buy how much a property is worth, how much you want to borrow, and what your credit rating is, and how much outstanding debt you already have. They’ll just take your word for it, knowing that it would be a preliminary rate that would have to be adjusted when more facts (like the condition of the property) are known. Nonetheless, it’s a number that would allow you to compare rates. When comparing rates, you need to pick a specific loan period (30 years is typical, but go for 15 if you can afford it), and nail them down about the number of points. You can get a lower rate if you take a shorter period, and an increase in points can also decrease your rate. Give your answer to this question...
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Some cool chateau photos: Château de Quéribus Image by Surimage Le château de Quéribus est un château cathare situé sur la commune de Cucugnan dans le département de l’Aude.France Photo Jean-Paul Gaillard retouche Luc Jardon. www.flickr.com/images/41537374@N00/1839797028/ (Vendredi 12 octobre 2007 (Belga) Le département des archives secrètes du Vatican s’apprête à publier un livre sur le procès des Templiers au début du XIVe siècle, dosage en collaboration avec la société Scrinium, viagra buy affirme le site web de cette société liée au Vatican.) Il resterais encore des archives au vatican sur les Cathare ? Beaucoup pensaient que Napoléon avait fait saisir les archives et fait rapatrié en France.. J’ ouie dire aussi qu’i soit feasible d’un pardon posthume de la part du Pape. Un peu étonnant compte tenus des positions théologiques de ce Berger Allemant. Voir: www.scrinium.org/scrinium/Opere.php?idProgetto=3&idOp... Le 25 Octobre l’Archive Secret du Vatican et la Scrinium présentent en avant-première mondiale “Processus contra templarios”. Château de Quéribus fr.wikipedia.org/wiki/Ch%c3%a2teau_de_Qu%c3%a9ribus If you would like to see much more residences click here… Château Magnin – Brazey en plaine (21) Image by iWebgirl Château Magnin – Brazey en paline (21) If you would like to see a lot more residences click here… Château d’Edimbourg vu du nord-ouest Image by ecololo Château d’Edimbourg vu du nord-ouest Much more great homes click right here… Paul Shorey and Mike Gaskill function true estate shows covering subjects this kind of as regional news, medical occasions, view properties for sale, approved condos for sale, gulf front properties, luxury residences and condos, market trends, gulf of Mexico oil spill, destin beaches and considerably far more. Remax Realtor Agent View other folks at www.LatestRealEstateInfo.com Video Rating: / 5 For a lot more true estate new click right here… There are many foreclosures on the market in Hampton Roads, Virginia as nicely as across the nation. Christopher Garguilo, Broker Associate for Keller Williams Realty, discusses the challenges in a foreclosure acquire as effectively as the rewards. All consumers can use www.HamptonRoads-Realty.com to search and save properties in the Hampton Roads location of Virginia. More great real estate info click right here… The Best FHA Streamlined Refinance About The FHA Streamlined Refinance Option Take advantage of the FHA Streamline Refinance and turn the equity you have built up in your home into cash to aid in bills, online college, a new roof, etc. Remember that FHA mortgage refinancing is accessible to everyone who is presently utilizing their property for their primary residence. FHA STREAMLINE REFINANCE The FHA Streamline Refinance choice is regarded a “streamlined” since it enables you to decrease your rate of interest on your present mortgage loan swiftly, and often with no appraisal. Additionally, the FHA Streamlined Refinance decreases the mass of documents that are typically need by your current mortgage lender…helping you save time as well as money. To be eligible for a FHA Streamline Refinance your initial home loan has to be an FHA mortgage, up to date. The FHA Streamlined Refinance must decrease your regular monthly interest rate as well. This kind of FHA Streamlined Refinance alternative decreases your current month-to-month bills through reducing your loan obligation however, there is no money back. The FHA Streamline Refinance can be useful for those who are in excellent economic position, without any considerable personal debt, since it gives you some extra cash every month through lower loan payments. In case you have a conventional FHA Mortgage you intend to re-finance with the FHA Streamline Refinance, you will need to apply using the typical job confirmation, credit assessment, debte ratio specifications along with other factors. An FHA Streamlined Refinance will probably...
Read MoreHome loan companies that have programs for exceptions on income verification?
Cant find what your looking for? Enter city or state here… Despite Falling Mortgage Rates, approved March 2014 HARP Loan Closings Lowest … In late-2011, the Home Affordable Refinance Program (HARP) was made available to U.S. homeowners whose mortgages were "severely underwater". The program was a hit, and help homeowners to refinance. At its peak, HARP loans for which … More informaiton please visit here… Florida Stated Income Loan The Only Florida Stated Income Loan Available! Florida Stated Income Loan from $600K to $10M in Miami-Dade, find Palm Beach, stuff Broward and Monroe (other counties considered). Our private mortgage banking relationships in Florida enable us to bring the Florida Stated Income Loan opportunity to our clients. See guidelines below… Super Jumbo Stated Income Loans guidelines are as follows: Florida Stated Income Loan Amounts $600K to $10M Only (higher case by case). Foreign Nationals, this Trusts, Non-Permanent Resident Aliens ok! ARM: 3yr & 5yr (OO & Inv)-20 yr Amortization Fixed: 15, 20 & 30 Year Loans (Inv only) 15 yr & 20 yr HELOCs (first position only) Construction Take-Out Loans Okay!! Florida Stated Income Loan Purchase or Refi: OO/NOO, PUD, Investment, 1-4 Units Condotel and Non-Warrantable Condos Okay!! Self Employed and W2 Allowed! Purchase: 90% LTV to $10M (larger case by case) Refinance: 75% LTV to $10M (larger case by case) No Seasoning Restrictions For Free & Clear Property Florida Stated Income Loan Up to 4 Properties Financed Okay! Low Competitive Rates, Not Hard Money! 36 months PITI Needed This is the 1st Stated Income Loan Florida has seen in a few years. Lender specifics are stringent. If you are a high net worth individual or institution the Florida Stated Income Loan was build for you. Florida Stated Income Loan are jumbo only. No loans under $600K will be considered. If you are self employed and may be able to qualify from business gross receipts you may qualify with a limited doc program (different from the Florida Stated Income Loan). Call or email with your loan details to discuss. Note: Florida Stated Income Loan county limitations apply. Banking relationship case by cases. Min 45 day close. Rates and program details can change without notice. Program many not be available in all states (case by case). Programs and guidelines subject to change without notice. Find program guidelines for your your city or state: Affiliations: NAMB | NBA | NAMP | GM Find your city below for eligibility: – A – Cities in Florida that begin with the letter “A”. Alachua, FL Alford, FL Altamonte Springs, FL Altha, FL Altoona, FL Alturas, FL Alva, FL Anna Maria, FL Anthony, FL Apalachicola, FL Apollo Beach, FL Apopka, FL Arcadia, FL Archer, FL Argyle, FL Aripeka, FL Astatula, FL Astor, FL Atlantic Beach, FL Auburndale, FL Avon Park, FL – B – Cities in Florida that begin with the letter “B”. Babson Park, FL Bagdad, FL Baker, FL Balm, FL Barberville, FL Bartow, FL Bascom, FL Bay Pines, FL Bell, FL Belle Glade, FL Belleair Beach, FL Belleview, FL Beverly Hills, FL Big Pine Key, FL Blountstown, FL Boca Grande, FL Boca Raton, FL Bokeelia, FL Bonifay, FL Bonita Springs, FL Bostwick, FL Bowling Green, FL Boynton Beach, FL Bradenton, FL Bradenton Beach, FL Bradley, FL Brandon, FL Branford, FL Bristol, FL Bronson, FL Brooker, FL Brooksville, FL Bryant, FL Bryceville, FL Bunnell, FL Bushnell, FL – C – Cities in Florida that begin with the letter “C”. Callahan, FL Campbellton, FL Canal Point, FL Candler, FL Cantonment, FL Cape Canaveral, FL Cape Coral, FL Captiva, FL Carrabelle, FL Caryville, FL Cassadaga, FL Casselberry, FL...
Read MoreKroll on Non-Bank Mortgage Companies; Free-For-All in Servicing Market
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