Posts made in February, 2013

Does anyone know a good Mortgage lawyer in NJ for Attorney Review?

on Feb 28, 2013 in FHA Information | Comments Off on Does anyone know a good Mortgage lawyer in NJ for Attorney Review?

Question by Fly Guy: Does anyone know a good Mortgage lawyer in NJ for Attorney Review? Looking for one with a fair rate. I live in Woodbridge NJ 07095 Best answer: Answer by SheilaHello, malady medications I would like to offer my help for homeowners that have a higher interest rate than 4.5%. My name is Sheila and I represent Wallstreet Mortgage Bank. I specialize in debt consolidation, prostate counseling and refinancing, and want to see if I can help you with your mortgage. I can go over some of the programs that my bank has to offer, along with a free quote for refinancing. I work with FHA as well as regular conventional loans, investment as well as commercial properties. We can work out a 30, 15 or a 10 year mortgage that will best suit your needs, and if there are any outstanding debts or loans currently in default, I would love to show you how I can help you manage your expenses, all in one simple loan. My office number is (718) 376-2900 x12 and we are located at 275 Avenue U in Brooklyn, New York. Would love to see if I can do something for you, so look forward to hearing from you. Thank you, Sheila Alieva Give your answer to this question...

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can I use owner finance money as down payment for a commercial loan?

on Feb 28, 2013 in Stated Income Loans | 5 comments

Why Aren't There More USDA Loans? I can think of a couple of drawbacks to the program that might limit its use somewhat but that still doesn't explain the lack of usage. Maybe lenders are selling the FHA program instead. According to USDA “the fundamental objective of the Single Family … More informaiton please visit here… Government Housing Marches On FHA essentially has dictated land planning for much of suburban America. Marc Weis writes in his book The Rise of the Community Builders: The American Real Estate Industry and Urban Land Planning, approved for sale “Through the powerful inducement of mortgage … If you would like more informaiton please visit here… by Jared Zimmerman Question by M5: How to get more than 10 mortgages on investment properties? We own 10 investments properties and have 10 mortgages (with Bank of America) on each one. The bank is saying that they can do only 10 mortgages per person. How or where can we go over that limit, discount with reasonable rates and closing cost. Thanks for looking. Best answer: Answer by lepr0kanThat’s about the max I’ve found as well. Most lenders seem to be limiting investors to having 10 mortgages. Perhaps, if you began owning these properties under and LLC or S-Corp it would be possible to find lenders willing to grant more mortgages to a company rather than an individual. What do you think? Answer below! by jajacks62 Question by college_athletic_sport: can I use owner finance money as down payment for a commercial loan? The owner is asking for 3.8 million for the apartment complex. He is willing to owner finance up to 1 million. It is a 131 unit complex. Best answer: Answer by NNo. At best, what is ed he is willing to be a 2nd lien holder. Which wont apply if you cant finance it on your own. Give your answer to this question...

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How to get more than 10 mortgages on investment properties?

on Feb 28, 2013 in Unique Loan Programs | 3 comments

Why Aren't There More USDA Loans? I can think of a couple of drawbacks to the program that might limit its use somewhat but that still doesn't explain the lack of usage. Maybe lenders are selling the FHA program instead. According to USDA “the fundamental objective of the Single Family … More informaiton please visit here… Government Housing Marches On FHA essentially has dictated land planning for much of suburban America. Marc Weis writes in his book The Rise of the Community Builders: The American Real Estate Industry and Urban Land Planning, approved for sale “Through the powerful inducement of mortgage … If you would like more informaiton please visit here… by Jared Zimmerman Question by M5: How to get more than 10 mortgages on investment properties? We own 10 investments properties and have 10 mortgages (with Bank of America) on each one. The bank is saying that they can do only 10 mortgages per person. How or where can we go over that limit, discount with reasonable rates and closing cost. Thanks for looking. Best answer: Answer by lepr0kanThat’s about the max I’ve found as well. Most lenders seem to be limiting investors to having 10 mortgages. Perhaps, if you began owning these properties under and LLC or S-Corp it would be possible to find lenders willing to grant more mortgages to a company rather than an individual. What do you think? Answer...

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Lastest No Income Mortgage Loans News

on Feb 28, 2013 in Stated Income Loans | Comments Off on Lastest No Income Mortgage Loans News

by eyewashdesign: A. Golden Question by paul h: What is the best way to shop and compare for disability insurance? 30 year term life insurance? We want to buy a house and since stated income loans are no longer available, cost shop a friend has offered to cosign for us to help us get the loan we need. We want to be sure that no accident will keep me from being able to pay the mortgage so that we all can sleep soundly. Thanks for any advice! Best answer: Answer by Insurance Pickle.comAn insurance broker can do all the shopping for you. The price is the same through the broker and they’ll know the nuances of each company to get you the right plan with the right company. They’re free, visit web so use them. As far as your plan of having a friend cosign a loan….not a fan of that decision, what is ed but why you want coverage really has nothing to do with your question anyway. Perhaps you’d simply like your spouse to continue to live there. Finally….disability insurance companies don’t work on stated income either. You’ll need to pony up your tax returns, so if you write everything down to zero then you won’t qualify for disability. It’ll also affect how much life insurance you can get. Not sure which piece of information someone is thumbs-down or if they’re just being an idiot. Regardless, you can buy a 40 year term Mr. Zargg. Perhaps answering questions in insurance isn’t your thing. Add your own answer in the comments! How to Reduce Your Mortgage Insurance Payment Mortgage insurance, story also known as private mortgage insurance (PMI), cialis 40mg is an integral part of many common loan programs found in the market today: FHA mortgages, USDA mortgages and, yes, even standard conventional mortgages. Mortgage insurance is … More informaiton please visit here… New FHA Mortgage Insurance Premiums, Downpayment Minimums For Spring … Beginning April 1, 2013, most FHA-backed mortgages will be subject to an MIP increase of 10 basis points annually, or 0.10 percentage points. The increase applies to all loan terms, including 15-year fixed-rate FHA loans. In addition, insurance … For more informaiton please visit here… Question by caliman316: what does investor restriction mean? If you make your payments to BofA then your servicer is likely Bank of America, stuff if they aren’t servicing the loan then they definitely can tell you who is and it should be included on your statement. They are required by law to tell you this information, about it see the link below for more info: http://www.hud.gov/offices/hsg/sfh/res/r… Bank of America should be able to tell you who owns the loan as well the website for the program does state that only loans owned by Fannie Mae or Freddie Mac are eligible for home affordable refinancing, it does not sound like that’s the case here and its probably why you don’t qualify because you are looking to refinance and you aren’t passed due so you don’t qualify for the modification program which is a little more flexible. You can check to see if your loan is owned by Fannie or Feddie here: http://www.makinghomeaffordable.gov/loan… Thank you for your quick answers. I did check that my loan is through Fannie Mae. My other question is that since I am current on my payments but i feel that my mortgage balance is more than my home is worth, can i still try refinance without a loan modification? Isn’t the make home affordable program designed to reward responsible home borrowers? Rates are low and in these...

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Is it possible to get mortgage approval with recent late payments?

on Feb 27, 2013 in HARP Refinance | 4 comments

by eyewashdesign: A. Golden Question by paul h: What is the best way to shop and compare for disability insurance? 30 year term life insurance? We want to buy a house and since stated income loans are no longer available, cost shop a friend has offered to cosign for us to help us get the loan we need. We want to be sure that no accident will keep me from being able to pay the mortgage so that we all can sleep soundly. Thanks for any advice! Best answer: Answer by Insurance Pickle.comAn insurance broker can do all the shopping for you. The price is the same through the broker and they’ll know the nuances of each company to get you the right plan with the right company. They’re free, visit web so use them. As far as your plan of having a friend cosign a loan….not a fan of that decision, what is ed but why you want coverage really has nothing to do with your question anyway. Perhaps you’d simply like your spouse to continue to live there. Finally….disability insurance companies don’t work on stated income either. You’ll need to pony up your tax returns, so if you write everything down to zero then you won’t qualify for disability. It’ll also affect how much life insurance you can get. Not sure which piece of information someone is thumbs-down or if they’re just being an idiot. Regardless, you can buy a 40 year term Mr. Zargg. Perhaps answering questions in insurance isn’t your thing. Add your own answer in the comments! How to Reduce Your Mortgage Insurance Payment Mortgage insurance, story also known as private mortgage insurance (PMI), cialis 40mg is an integral part of many common loan programs found in the market today: FHA mortgages, USDA mortgages and, yes, even standard conventional mortgages. Mortgage insurance is … More informaiton please visit here… New FHA Mortgage Insurance Premiums, Downpayment Minimums For Spring … Beginning April 1, 2013, most FHA-backed mortgages will be subject to an MIP increase of 10 basis points annually, or 0.10 percentage points. The increase applies to all loan terms, including 15-year fixed-rate FHA loans. In addition, insurance … For more informaiton please visit here… Question by caliman316: what does investor restriction mean? If you make your payments to BofA then your servicer is likely Bank of America, stuff if they aren’t servicing the loan then they definitely can tell you who is and it should be included on your statement. They are required by law to tell you this information, about it see the link below for more info: http://www.hud.gov/offices/hsg/sfh/res/r… Bank of America should be able to tell you who owns the loan as well the website for the program does state that only loans owned by Fannie Mae or Freddie Mac are eligible for home affordable refinancing, it does not sound like that’s the case here and its probably why you don’t qualify because you are looking to refinance and you aren’t passed due so you don’t qualify for the modification program which is a little more flexible. You can check to see if your loan is owned by Fannie or Feddie here: http://www.makinghomeaffordable.gov/loan… Thank you for your quick answers. I did check that my loan is through Fannie Mae. My other question is that since I am current on my payments but i feel that my mortgage balance is more than my home is worth, can i still try refinance without a loan modification? Isn’t the make home affordable program designed to reward responsible home borrowers? Rates are low and in these...

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