Q&A: What is the Condo Development Requirement for FHA Loan approval in Atlanta GA?
Question by gregwhatshisname: Has Freddie Mac started to introduce any loan modification programs for banks? I have been unemployed for the last 60 days and my Credit Union has been telling me that Freddie Mac keeps delaying these “Webinars” that need to be held before any loan modifications can take place. The C.U. has told me for the last three weeks that they have not been told what the qualifications are in order to get a loan modification. Is this true? Do I have to wait for my credit union to have a “WEBINAR” with Freddie Mac before I can get a loan modification? Best answer: Answer by golferwhoworksso far they have done nothing What do you think? Answer below! Question by ewilliam: Questions about an FHA mortgage? My girlfriend and I are in the process of looking for our first place. We found the condo we’d love to purchase and are now looking to take the next step. The condo price has been reduced to $ 140, price 000 and we are located in Michigan. It seems we’d be looking into a FHA loan for 30 years, dosage but I have some general questions about getting a loan based on our credit and income. Hopefully someone can give me some insight so I know what to expect. Basically she is a 728 credit score and has always paid everything perfect. As for her income she makes around $ 40,000 per year. Myself am much lower with my credit score at a 587 and make around $ 45,000. With my credit, I have never really paid anything late, have never defaulted on anything but between three credit cards I hold with a combined limit of around $ 3500 the cards are maxed out which I know is hurting me right now. I am in a position where I can completely pay them off right now or at least pay them down almost all the way depending on what is more beneficial to my credit score. I can’t think of any other reason my score is where it’s at right now. If I do pay them off or down, will I even see much of a quick rebound in score, or enough to make any difference? I have two 30 days late on credit cards in the last 5 years showing on my credit report, and have never been late on an auto loan payment – payments ranging from $ 340-$ 650. My current highest minimum amount due on a credit card is $ 60 per month. Hopefully that helps give some background to my situation. So all in all if someone can offer me a little help or advice I would appreciate it. Also, do they use both scores on a joint mortgage and how do they take both incomes into account? Thanks in advance! Thanks for the responses so far. No, I have not been pre approved yet. That’s the next step. I was referred to someone, I emailed and called today, however their email response said they are out of the office until the 29th of this month for the holiday. Since this is all new territory for me I’m really not sure who I should take to other than the person I was referred to by the condo community. What exactly will I need to provide in order for a pre approval? Should I be shopping around, and if so, how do I go about doing so? Sorry for the ignorance on this subject, this is all unfamiliar. Best answer: Answer by src50If you are both...
Read MoreFHA eases burdensome condo financing rules
by marsmet526 Question by Dolan A: Is there a government refinance assistance program available? I have decent income and credit, visit web capsule but not a good home mortgage. I want to refinance but my loan is above the market’s value, viagra approved and my loan is not with Fannie Mae nor Freddie Mac. Is there any government program that will get me a loan without mortgage insurance? I checked out MakingHomeAffordable.gov, and the site says, I “don’t quality” for any of the available options. Any other suggestions? Best answer: Answer by BNICKSwww.makinghomeaffordable.gov check out the website … either option on the site refi or modification would help … i wouldn’t worry to much about having mortgage insurance … What do you think? Answer below! FHA eases burdensome condo financing rules The certification process is intended to provide the FHA, buy information pills a government-run mortgage insurance agency, with key information about a development's legal, physical and financial status. Without approval of an entire development — regardless of whether it … If you would like more informaiton please visit here… FHA Relaxes Condo Rules 13 and took effect immediately, should make it easier for large numbers of condo associations to seek certification by FHA. The certification process is intended to provide FHA, a government-run mortgage insurance agency, with key information about a … For more informaiton please visit...
Read MoreTIAA-CREF Purchases New York Retail Condo
by epSos.de TIAA-CREF bought a retail condo in new York in a deal reportedly worth a lot more than $ 40 million. National True Estate Investor More informaiton please pay a visit to...
Read MoreDo you have to pay an ufmip on a FHA loan for a condo?
Check out these massive residence photos: large home Image by rebecca anne If you would like to see far more properties click right here… Huge Home wave Image by mcgeez If you would like to see much more residences click here… Question by Smartstuff: How am I supposed to take advantage of the Making Home Affordable or HUD Under Water Refinance program? If my lender has opted “not to participate”… it doesn’t make sense! No wonder why no one has taken advantage of these programs… they clearly state that the 1st lien holder must be in agreement to reduce the principal or lower the interest rate. Requirements to qualify, thumb you can’t be behind on any payments, page your credit has to be good, and you have to be able to “afford” the new payments. All which apply to my situation… I just can’t get a refinance because of the economy and housing decline. So yeaha right… like my credit union is going to take the hit just because I want to pay less??? Someone please tell me there’s a way to do this… or the system is more f-ed up than I thought…. Best answer: Answer by JenniferFor the Making home afordable program You may be eligible to apply if you meet all of the following: You have a mortgage owned or guaranteed by Fannie Mae or Freddie Mac. You do not have an FHA, VA or USDA loan. You are current on your mortgage payments and have not been more than 30 days late making a payment over the last year. Have a first mortgage not exceeding 125 percent of the current market value of your home. The refinance will improve the long-term affordability or stability of your mortgage. You have the ability to make the new payments. *Eligibility criteria are for guidance only. Contact your mortgage servicer to see if you qualify for HARP. The HARP program is offered by many servicers. Homeowners should check with their mortgage servicer (the company to which homeowners make their mortgage payments) to determine if they are participating in HARP. If their mortgage servicer is not participating, the homeowner may contact other lenders that participate in HARP to determine if they are eligible for a refinance. Other company can help just call aroung if you meet the requirements. What do you think? Answer below! by marsmet526 Question by brandi K: refinancing what the bank calls a second home, case is it possible to get 100% financing? ? I bought a house in Georgia on what I thought was a fixed rate loan. It was 2 years in october that i’ve owned the home. It goes adjustable on the december payment. My husband and I moved back to oregon for his business and have some friends staying in our house in georgia paying a little bit of rent. I tried refinancing with a few companies but when we told them we live in oregon now (but rent here, not own) they still said that the house in Georgia was a secondary residence and could only refinance for 80% of the loan. The house doesn’t value high enough to make an 80% loan work as we have not even touched principle on the loan yet. I’m stressing because we can’t afford this for much longer. and we can’t sell it right now, we already tried. Does anybody know if it is possible to get 100% refinancing on a second home or any of the government programs that are helping homeowners out that would work in this scenario? thank you so much for...
Read MoreDo You Need A Real Estate Appraiser When Buying A Home Or Condo?
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...
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