Can I rent my home w/Wells Fargo Loan
The previous answer has merit. But the most relevant factor is how long have you had the Wells Fargo loan. When Wells gave you that loan, it was based on the fact the home would be your primary residence. If it was a short period of time (less than a year) since you took that loan, you need to check with an atty. If...

HELOC with no equity
I agree with Bert Carpenter. Loans for clients with no equity don't exist any more. The credit union angle is the highest probability option for an unsecured consolidation. Good luck!

USDA Qualification help
This is an interesting situation. The bottom line is that each lender will utilize their own credit report and will use that report through the process. So scores from different sources dont work. What they recive they use. If that loan officer is willing to work with you on improvement great. If not, find a...

FHA Home Loan with a score of 615, Is it possible?
I have written home loans in the KC metro for 15 years. I have one lenders that allows 600 scores. File has to be very clean to allow for the credit score but the product is there. If you would like to review in more detail i can be reached at jimcasson@jcmtg.com. or you could enter data online at my website. Www...

What mortgage companies are available in Missouri for a loan that is hard to get financed because of un-reimbursed employee expenses?
Income calculation by underwriters is a formulaic process. They have worksheets from Fannie Mae stating what is allowable, what is not allowable, how to calculate ,etc. In this case, if the income analysis with the unreimbursed employee expenses is close, you could amend your taxes to reduce the...

Are title insurance fees negotiable or am I just stuck with them?
The standard is that title insurance companies have to file their rates with the state. However that is for the insurance portion only. There is certainly latitude on the settlement/closing fee and any other fees they charge. And, in practice, the companies are usually willing to grant exceptions to...

What is the down payment requirement for a veteran loan?
One of the benefits earned by qualified veterans is eligibility for VA loans. VA loans allow for up to 100% loan to value (no down payment). In addition, it can be negotiated for the seller to pay the closing costs. That can actually allow the qualified veteran to purchase a home for little or no down...

we had a bk 11-15-12 my father passed and I am executor of his house trust and I need at least 25,000. to bring it up to sell.
This is a situation that doesn't fit the "traditional" lending market. The fact that you are < 2years from BK and the fact you are going to sell the home confirm. Best options for you are: 1) Loan from local bank/credit union as they lend to their own portfolio guidelines. 2) Hard money. There are lenders...

can i refinance with a term of 8 years?
Good afternoon. Rates are usually better on 10 year terms vs. 15 year terms. There are several lenders that allow for terms that "outside the norm" of 10, 15, 20, 25, 30. We have several lenders that would set up loans on 8 year terms. The rates would be better than 15 year rates. The same as 10 year rates. If...

Will I be able to refinance within 1 year of buying? I'm putting 10% down
Unless you are buying with a VA loan you will not be able to do a cash out above 85% of the home value. I assume you are talking about trying to recoup some of your down payment. That is not likely. You may be better off keeping your cash liquid and renting until you are done with school. Unless you are buying a home...

Is there any way to use my VA entitlement on a rental property?
The VA loan program does not have a provision to buy investment properties if that is the sole purpose. However, it does allow, upon qualifying of course, if the the Veteran bought up to a 4 unit property. Live in 1, rent out 3. Works for triplexes and duplexes as well.

Rates seem pretty high right now. Does anyone have an idea when they're expected to lower again?
Don't hold your breath. Historically, rates are still in great shape. When the national and world economy is strong, rates tend to increase. That is the situation currently.