I divorced and I am to sell the home or have it refi-d by April. Ex is filing bankruptcy how am I affected?
Keep making the payments! If you don't it will affect your credit. You should make sure that your soon to be ex is off of the property completly so that none of their creditors can attach a lien to the property. It is advisable to get refinanced as soon as possible if both of you are on the current...

Credit Question when it comes to mortgages?
First, lets start with the credit score. It is possible to get either a USDA (Rural Development) Loan or an FHA loan with a credit score of 620. Having a high score gives you more favorable terms. Next, how much you qualify for is based upon several factors primarily being your debt-to-income ratio. This...

How does FHA treat a private mortgage loan on vacant land?
Unfortuantely FHA will count the land payment in your debt to income ratios. HOWEVER, FHA also allows non-occupant co-borrowers. Do you have a realitive who will be willing to be on the loan with you. Their profile (credit, income and liabilities) can be considered to offset your debt to income woes.

Who is eligible to give an FHA gift fund?
Straight from the FHA lenders guide: An outright gift of the cash investment is acceptable if the donor is? the borrower's relative? the borrower's employer or labor union? a close friend with a clearly defined and documented interest in theborrower? a charitable organization? a...

become a mortgage broker
20 hours of prelicensure education, pass a state and national exam, and at least six months experience is necessary in order to be a licensed loan originator. A licensed loan originator then places their license with a company. In order to own a company you need at least three years experience as a...