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Archive for the ‘Renting & Real Estate’ Category

Aug
28

Does anyone know of any programs to help low income families get a mortgage loan?

Renting & Real Estate

ribstealers asked:
We want to buy a place in the country and have low income for our family size. We also don’t have much credit. We live in OK.
Thanks, all who answered. I will research all of the sites ya’ll suggested. Since I don’t have time to do it all before time runs out, I’m [...]




Aug
23

will my home loan application be denied if i have hardly any money in my savings account?

Renting & Real Estate

shun t asked:
my credit score is almost 700, i was pre-approved for a home loan, i found a house i liked, i made an offer which has been accepted, just started escrow account with $4000.00 deposited, my income is $110/yr. with hardly any money in my savings account because of a very bad business [...]




Aug
20

Why do people think that some loan programs are scams?

Renting & Real Estate

walkinandrockin asked:
Mortgage programs are not bad, but the way they are applied can be bad. Every mortgage program I have ever seen has benefits if used correctly.
Folks - It is not the programs, it is the use. Is a gun evil? No - only if it is used incorrectly is there [...]




Aug
18

Can I get a loan with over 50% down but with high debt ratio?

Renting & Real Estate

at asked: I am planning to do a 1031 exchange sell one high price property and buy couple other properties. My FICO score is around 670 but because of the number of rental properties I currently own, it puts my debt ratio to unacceptabe high to qualifiy any conventional 20% down loan. Any body [...]




Aug
10

do I still need pay for the appraisal fee even if my loan application was denied?

Renting & Real Estate

chris y asked: I heard that an appraisal should never be ordered unless the mortgage broker is sure the loan is going to go through.but my loan application is denied.and I still need pay for the appraisal fee?
it is said that requirement has to be in writing.from my application form,I did not find that [...]




Aug
10

we are pre approved and we went and signed a loan application on sat for a home we are interested in?

Renting & Real Estate

cdf0 asked: what can go wrong from here? When we did the pre approval we submitted pay stubs bank statements and all that kind of stuff. We are waiting for the underwrietes to appraise it and run final loan.

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Aug
8

how long is the process to become a loan officer take once an application has been sent to the state?

Renting & Real Estate

Bishop asked: how long is the process to become a loan officer take once an application has been sent to the state?
I am in the state of illinois and I have sent all of my info in and the state has receive it on Dec 10th. Wanted to know how long does this process take?

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Aug
8

Where can I find loan payoff programs?

Renting & Real Estate

lisafamlc asked: I need to get loan payoff with each loan. Is there an easier way to get them and quicker?
I have to order residential mortgage payoffs for each loan. I am looking for an easier, quicker way to get them.

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Aug
4

Have u heard of Stephan Cantos of Dewitt Const. sell a Michigan Energy Loan program for home improvements?

Renting & Real Estate

UncleBuck asked: Stephan Cantos, salesman represents Dewitt Construction
Sells home improvements using Michigan Home Energy Loan program that was created by Gov. Blanchard’s administration.
He gets permission to run a credit check, driver’s license, but doesn’t disclose the rate of the loan.

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Aug
3

can I send my loan application to two mortgage company simultaneously?

Renting & Real Estate

feqaf w asked: i am applying for a house loan from a mortgage company,but the company always say everything done,but they did not let me to sign the formal document .can I apply the loan from another company now without bothering the first application?

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