House GOP debuts housing and transportation bill
Question by Brian V: Are there any Federal Programs to low income/ disabled people get affordable home loans? We need some financial aid fast, pilule patient or we’re going to lose the house we’ve been living since 2010! Help! Best answer: Answer by Cathi KGo to your home lender. Maybe HARP. If you do not already own a home you must qualify just like anyone else. Give your answer to this question below! Question by Don: Income vs. Auto loan amount? I am 19 and will have around a 700 FICO score after I pay all my credit cards off at tax time. I have had a full-time job for over a year now and make $ 9.25/hour. That puts my monthly gross income around $ 1, symptoms 600. I am currently living at home with no housing expenses. I know most banks have a minimum income requirement of $ 1,500, but I am wanting to get approved for a maximum $ 12,000 used auto loan. I would like to carry the loan out over 60 months which would make my payment lower than I am paying now for a car payment. I would make sure the car I would get should have a great Loan to Value rate and would be reviewed highly. Is that good enough to get my loan? If I need a co-signor, the only one I have makes about $ 27,000 yearly, but only $ 300/week is verifiable via paystubs (she is a waitress). Her credit score is about 630. Would that be enough to raise the combined income to get approved if I would need a co-signor? Best answer: Answer by Inquisitive125Congratulations on being so diligent in your research! If only more people would do what you’re doing. I would suggest that you wait approximately 90 days after paying off those credit cards so you can be assured your credit score has had the positive effect. Secondly, visit a credit union near you (you can find one a www.ncua.gov in the Resources for Consumers section) and get pre-approved for a loan. This will give you more bargaining power in negotiating the price of the new car since your pre-approval amount is the maximum you can spend. (For more info on bargaining for a new car visit www.clarkhoward.com. He has some great advice and tips!) Is the co-signer related to you? If not, don’t bring someone else into your finances. Stand for your loan yourself as you may not be able to count on that person in the future to assist with the payments. ( A co-signer is legally obligated to make the payments just like the main borrower!) Also, check with the credit unions in your area to see if they have any good repossessed vehicles. You’ll be pleasantly surprised at what’s available. The only caveat is that you will be buying the vehicle “as is” so you’ll want to get it checked out by a reputable mechanic….there’s no returning the vehicle because of problems. Good Luck! Add your own answer in the comments! Question by Eric L: Does FHA offer Adjustable Rate Mortgages? I am curious to know if you can acquire an FHA loan that is a 7/1 ARM? Do these exist or does FHA only offer fixed rate loans? p.s. the ARM isn’t for me. Please only knowledgable people answer, page not looking for opinions on why the market is where it is. Best answer: Answer by chatsplas@sbcglobal.netYou DON’T want an ARM, prescription that’s what the whole mortgage crisis is about. Get a good FHA fixed rate and know what...
Read MoreBill Would Extend, Expand HARP Refinance Opportunities
Home–Refinance Plan by Government Tops 2 Million … FMCC, information pills more about XHB, medical XLF · Tweet. NEW YORK (TheStreet) — The government's Home Affordable Refinance Program (HARP) has helped a little over 2 million borrowers refinance their mortgages at lower rates, the Federal Housing Finance Agency said Tuesday. For more informaiton please visit here… Want a Stronger Economic Recovery? Encourage More Home Refinancing Finding ways to encourage refinancing is good policy. The Federal Reserve has done its part: Its asset purchase programs have helped to lower long-term interest rates to historically low levels. The interest rate on new 30-year fixed-rate mortgages is … If you would like more informaiton please visit here… Refinances surge under Obama program for underwater loans The number of homeowners refinancing their loans through a popular federal program that allows underwater homeowners to get new rates surged to more than 2 million in November. In November, almost 130,000 homeowners refinanced their loan through the … More informaiton please visit here… Question by QA Expert: Help how to ask Lender to modified loan terms? I am in financial diffulty and need help on how to ask lender to change the terms to a more affordable monthly payment without increasing principle balance. Currently pay uptodate, this site no late payment. I’m in california. My lender is Countrywide. If not, I will go to foreclosure. Best answer: Answer by Shawna MarieIf your financial difficulty was caused by a true hardship (loss of job, spouse dies, disability), then the lender might work with you on a hardship program. If not, they can re-write your loan, for LOW costs, but it won’t be no cost. It’s called a stream-line refinance, which Countrywide offers. You need to call Countrywide and speak to a loan rep and ask them about it. In most cases they don’t even require an appraisal. Make sure you do it before you fall behind in your payments. CALL THEM RIGHT NOW!! Give your answer to this question below! Question by Seeker…: I was wondering if anyone knew anything about USDA mortgage in Maryland? I’m looking for details if possible? I’m a first time Home buyer ex Realtor and I understand a little bit about it. I did not have my Maryland License but I’m looking to get answers for my Mortgage lender who seems can’t find any??? Thank you for your help, information pills I greatly appreciate feed back Best answer: Answer by Doctor DethUSDA? You mean US Dept of Agriculture? since when do they have anything to do with mortgages? What do you think? Answer below! A few good large home photos I located: Building and Expansion at the Large House (University of Michigan, ask Ann Arbor) Image by cseeman More fantastic homes click right here… Bill Would Extend, information pills Expand HARP Refinance Opportunities Borrowers with significant home equity will be able to use HARP without facing increased fees. Fannie Mae and Freddie Mac will no longer be able to charge up front fees for refinancing on any property that they already guarantee, approved lowering refinance … More informaiton please visit here… Loan to Value Too High? Consider a HARP Refinance By this time, visit web while almost everyone has heard of HARP refinancing, there are still many homeowners who are not aware of its' existence or what it means for them. HARP is the Home Affordable Refinance Program which is designed to refinance underwater … If you would like more informaiton please visit...
Read Morecan I benefit from the homeowner mortgage help bill if I am currently in a forbearance?
Question by mimi: How much could I afford for a house with this income? I am planning to get a house in corpus christi texas. Between my husband in eye we make 69, dosage pharmacy 888 a year. Do home owners look at income before taxes? And what loan amount could I be qualified? I know I need to talk to a loan agent, but I am just getting opinions. Thanks! Best answer: Answer by godgedIncome is important, but what is more important is your debt to income, how much you owe vs. how much you make. Home owners do not look at anything, your lender does. Add your own answer in the comments! Question by susan_s53051: can I benefit from the homeowner mortgage help bill if I am currently in a forbearance? With Obama’s new bill he passed, try if I am in a conventional loan, and in a forbearance, will I qualify for either a refi or loan modification? Best answer: Answer by Cookie On My MindDefinitely contact your mortgage company and ask!!!! Most mortgage companies nowadays are very willing to HELP you keep your home. Homes going into foreclosure is expensive for them, they’d rather have you stay in your home. I’m sure there is a program to help you. Good luck! Give your answer to this question...
Read MoreDems Renew Calls for Passage of Expanded HARP Refinance Bill; Louisiana …
Check out these apartment constructing images: 0804 | French Apartment Developing | 2009 | West Side Image by Facility Records | MSU Physical Plant 0804 | French Apartment Creating | 2009 | West Side For more houses click right here… 0801 Drake Apartment Building | 1994 | East Image by Facility Records | MSU Physical Plant 0801 Drake Apartment Creating | 1994 | East For more houses click here… Dems Renew Calls for Passage of Expanded HARP Refinance Bill; Louisiana … Louisiana, order which ranks 38th in underwater mortgages, according to a study by CoreLogic, could benefit from an expanded Home Affordable Refinance Program (HARP) refinance program. The bill calls for streamlined underwriting by leveling the playing field … If you would like more informaiton please visit here… FHFA Reports Strong Pace in HARP Loans in Month of August (Source: FHFA) — The Federal Housing Finance Agency (FHFA) today released its August Refinance Report, which shows that Fannie Mae and Freddie Mac loans refinanced through the Home Affordable Refinance Program (HARP) accounted for nearly … More informaiton please visit...
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