Will lenders accept contract for physician residency as income towards a mortgage loan?

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 S
I’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.

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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 poolman4u03
I 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.

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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 Sense
Since we are not psychic, we can’t answer. WAY too many variables in there like debt, credit score, type of loan. etc

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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 M
It dosen’t help homebuilders. Right now nobody is really touching new construction. Theres to much inventory already on the market.

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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 behind, tadalafil lost a business, treat fell behind on payments and now our bank, programs,etc will not even talk to us about a way to fix this and keep our house of 35 years. We want to pay every penny we owe but first we have to have help getting back on the right track. Refinancing and stopping all of the fees and interest accumilating.

Best answer:

Answer by Quizzard
Most banks will work with their clients. They don’t want your house, they want their money. Without knowing your exact situation, we can’t say why you haven’t been able to do so.

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Question by Lea: Mortgage company wants us to pay hazard insurance premium up front?
I am getting an FHA home loan. My mortgage company sent me a good faith estimate stating that my hazard insurance premium will be included in closing costs, page but that I will also be paying a monthly hazard insurance payment, more about the same goes for the mortgage insurance. They are also wanting us to put $ 591 into hazard insurance reserves. What is this all about? Is this normal? I was pretty positive that when you got insurance you just paid your premium monthly, dosage not up front and then monthly also?

Help me understand what is going on here.

Best answer:

Answer by Common Sense
Very normal.

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Question by Tam: Will lenders accept contract for physician residency as income towards a mortgage loan?
Match Day is soon and looking to get pre- approved for a mortgage loan at the end of March. We want to close by June1, there but residency does not begin til July. Will lenders accept his residency contract as income?
I have the past 2 years W’2’s however I will be moving to a different state. Therefore will have a new job. We have excellent credit score, visit 20% down and can pay for anything else such as closing costs.

Best answer:

Answer by spalmer
No.

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