FHA Streamline Refinance: The Easiest way to Refi?
Question by midnightrose: I have all the info I need, about it side effects but I need someone to help me calculate my payments before I sign my offer…? My mortgage guy is out of town for Easter and I need to check what the payments would be for the counteroffer …. We are doing an FHA (b/c of our scores, diagnosis it is the only option) taxes in our county are .4% Whatever the market FHA is, the offer is 170K with 3% downpayment assistance, and a 6% concession to be used for buying down the rate 4 points (or 1%) and then what’s left is for closing. I am curious what our payment will be approx, including PMI, P&I, and H/O ins. & taxes escrowed… I live in Fort Mill, SC. Would like to know payment and possibly what our leftover closing cost “might” be….. Best answer: Answer by Shana BTry this mortgage calculator… http://www.mortgage-calc.com/mortgage/simple.php Add your own answer in the comments! Question by kateward23: I have an ARM with a penalty phase getting ready to end. Where do I start to refinance? I know that everytime my credit is checked, link it is a hard hit on my credit. I want to shop around for the best rate, information pills but want to do so in a way that will not be detrimental to me. Best answer: Answer by Searchlight CrusadeActually, if you limit it to mortgage inquiries, all inquiries within 14 days count as one. Act of Congress several years ago, put through by National Association of Mortgage Brokers. Yes, it helps them, but it *really* helps you by enabling you to shop for a loan as much as you might shop for a toaster oven. Have good long conversations with at least half a dozen prospective loan providers. If you get a good one, brokers will beat direct lenders every time, because when you talk to a broker, you’re automatically shopping a lot of lenders. Brokers get better prices than a lender’s own loan officers in most cases, because 1) the lender isn’t paying their overhead, and 2) from the moment you walk in the door, most direct lenders consider you their captive. Broker clients are *never* captives. Give your answer to this question below! Question by d0nkeypunch4u: Which is better? Conventional Mortgage, click FHA Loan Or a VA Home Loan? Not sure which is better. I have close to a 700 credit score, buy information pills about 25k for a down payment. Looking for a condo in NY. Any suggestions? Best answer: Answer by Searchlight CrusadeWhat price condo in New York? If you qualify for an A paper conventional loan, viagra 100mg especially conforming, those are the very best rate/cost tradeoffs. Always. VA and FHA are good for low to zero down payments, or marginal to poor credit, but have an absolute limit of $ 417,000 (conforming loan limit). If you’ve got a $ 25k down payment on a $ 600k condo right now, you’re SOL as far as VA and FHA go. I can’t think of a situation where FHA beats VA. VA has no financing insurance requirement, and can even roll up to 3% closing costs in, if you need to. If that condo is anything up to $ 250k (10% down), you’re likely to get a better loan conventional. If it’s over (but you can still afford the loan), A VA is likely to prove the best alternative. And bless you for serving! What do you think? Answer below! A few nice condominium photos I found: Curridabat, illness San Jose,...
Read MoreGAO Expresses Concern On FHA Risks
Question by midnightrose: I have all the info I need, about it side effects but I need someone to help me calculate my payments before I sign my offer…? My mortgage guy is out of town for Easter and I need to check what the payments would be for the counteroffer …. We are doing an FHA (b/c of our scores, diagnosis it is the only option) taxes in our county are .4% Whatever the market FHA is, the offer is 170K with 3% downpayment assistance, and a 6% concession to be used for buying down the rate 4 points (or 1%) and then what’s left is for closing. I am curious what our payment will be approx, including PMI, P&I, and H/O ins. & taxes escrowed… I live in Fort Mill, SC. Would like to know payment and possibly what our leftover closing cost “might” be….. Best answer: Answer by Shana BTry this mortgage calculator… http://www.mortgage-calc.com/mortgage/simple.php Add your own answer in the comments! Question by kateward23: I have an ARM with a penalty phase getting ready to end. Where do I start to refinance? I know that everytime my credit is checked, link it is a hard hit on my credit. I want to shop around for the best rate, information pills but want to do so in a way that will not be detrimental to me. Best answer: Answer by Searchlight CrusadeActually, if you limit it to mortgage inquiries, all inquiries within 14 days count as one. Act of Congress several years ago, put through by National Association of Mortgage Brokers. Yes, it helps them, but it *really* helps you by enabling you to shop for a loan as much as you might shop for a toaster oven. Have good long conversations with at least half a dozen prospective loan providers. If you get a good one, brokers will beat direct lenders every time, because when you talk to a broker, you’re automatically shopping a lot of lenders. Brokers get better prices than a lender’s own loan officers in most cases, because 1) the lender isn’t paying their overhead, and 2) from the moment you walk in the door, most direct lenders consider you their captive. Broker clients are *never* captives. Give your answer to this question below! Question by d0nkeypunch4u: Which is better? Conventional Mortgage, click FHA Loan Or a VA Home Loan? Not sure which is better. I have close to a 700 credit score, buy information pills about 25k for a down payment. Looking for a condo in NY. Any suggestions? Best answer: Answer by Searchlight CrusadeWhat price condo in New York? If you qualify for an A paper conventional loan, viagra 100mg especially conforming, those are the very best rate/cost tradeoffs. Always. VA and FHA are good for low to zero down payments, or marginal to poor credit, but have an absolute limit of $ 417,000 (conforming loan limit). If you’ve got a $ 25k down payment on a $ 600k condo right now, you’re SOL as far as VA and FHA go. I can’t think of a situation where FHA beats VA. VA has no financing insurance requirement, and can even roll up to 3% closing costs in, if you need to. If that condo is anything up to $ 250k (10% down), you’re likely to get a better loan conventional. If it’s over (but you can still afford the loan), A VA is likely to prove the best alternative. And bless you for serving! What do you think? Answer below! A few nice condominium photos I found: Curridabat, illness San Jose,...
Read MoreCan I refinance my fha mortgage to lower the interest rate even though I am recently unemployed?
Question by George Big: Can I refinance my fha mortgage to lower the interest rate even though I am recently unemployed? Credit history is excellent, cost for sale no missed payments of any kind. Best answer: Answer by IffyNO unless you have private income that meets the 3 times rule What do you think? Answer below!
Read MoreWhich is better? Conventional Mortgage, FHA Loan Or a VA Home Loan?
Question by midnightrose: I have all the info I need, about it side effects but I need someone to help me calculate my payments before I sign my offer…? My mortgage guy is out of town for Easter and I need to check what the payments would be for the counteroffer …. We are doing an FHA (b/c of our scores, diagnosis it is the only option) taxes in our county are .4% Whatever the market FHA is, the offer is 170K with 3% downpayment assistance, and a 6% concession to be used for buying down the rate 4 points (or 1%) and then what’s left is for closing. I am curious what our payment will be approx, including PMI, P&I, and H/O ins. & taxes escrowed… I live in Fort Mill, SC. Would like to know payment and possibly what our leftover closing cost “might” be….. Best answer: Answer by Shana BTry this mortgage calculator… http://www.mortgage-calc.com/mortgage/simple.php Add your own answer in the comments! Question by kateward23: I have an ARM with a penalty phase getting ready to end. Where do I start to refinance? I know that everytime my credit is checked, link it is a hard hit on my credit. I want to shop around for the best rate, information pills but want to do so in a way that will not be detrimental to me. Best answer: Answer by Searchlight CrusadeActually, if you limit it to mortgage inquiries, all inquiries within 14 days count as one. Act of Congress several years ago, put through by National Association of Mortgage Brokers. Yes, it helps them, but it *really* helps you by enabling you to shop for a loan as much as you might shop for a toaster oven. Have good long conversations with at least half a dozen prospective loan providers. If you get a good one, brokers will beat direct lenders every time, because when you talk to a broker, you’re automatically shopping a lot of lenders. Brokers get better prices than a lender’s own loan officers in most cases, because 1) the lender isn’t paying their overhead, and 2) from the moment you walk in the door, most direct lenders consider you their captive. Broker clients are *never* captives. Give your answer to this question below! Question by d0nkeypunch4u: Which is better? Conventional Mortgage, click FHA Loan Or a VA Home Loan? Not sure which is better. I have close to a 700 credit score, buy information pills about 25k for a down payment. Looking for a condo in NY. Any suggestions? Best answer: Answer by Searchlight CrusadeWhat price condo in New York? If you qualify for an A paper conventional loan, viagra 100mg especially conforming, those are the very best rate/cost tradeoffs. Always. VA and FHA are good for low to zero down payments, or marginal to poor credit, but have an absolute limit of $ 417,000 (conforming loan limit). If you’ve got a $ 25k down payment on a $ 600k condo right now, you’re SOL as far as VA and FHA go. I can’t think of a situation where FHA beats VA. VA has no financing insurance requirement, and can even roll up to 3% closing costs in, if you need to. If that condo is anything up to $ 250k (10% down), you’re likely to get a better loan conventional. If it’s over (but you can still afford the loan), A VA is likely to prove the best alternative. And bless you for serving! What do you think? Answer...
Read MoreLastest Fha Appraisal News
New Products; Regions Bank's Cuts; PHH, hospital online NationStar in the News; Radian … With nearly four years of originating and buying these FHA 1st & 2nd's, this search FMC has seen the loan performance mirror that of its standalone FHA 1st's. (For information about their FMC's Correspondent program, thumb contact Sharon Magnuson or visit First Mortgage … For more informaiton please visit here… GETTING A Mortgage A credit report will be ordered as well as an appraisal on the property you have chosen. In the residential … Of course, loan programs offered through the FHA or VA may provide LTVs up to 100 percent and some variances to the above guidelines … More informaiton please visit...
Read MoreI have all the info I need, but I need someone to help me calculate my payments before I sign my offer…?
Question by midnightrose: I have all the info I need, about it side effects but I need someone to help me calculate my payments before I sign my offer…? My mortgage guy is out of town for Easter and I need to check what the payments would be for the counteroffer …. We are doing an FHA (b/c of our scores, diagnosis it is the only option) taxes in our county are .4% Whatever the market FHA is, the offer is 170K with 3% downpayment assistance, and a 6% concession to be used for buying down the rate 4 points (or 1%) and then what’s left is for closing. I am curious what our payment will be approx, including PMI, P&I, and H/O ins. & taxes escrowed… I live in Fort Mill, SC. Would like to know payment and possibly what our leftover closing cost “might” be….. Best answer: Answer by Shana BTry this mortgage calculator… http://www.mortgage-calc.com/mortgage/simple.php Add your own answer in the...
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