How can I get lower rates?
How can I negotiate a better interest rate on my mortgage? I recently applied for a home loan and was offered an interest rate that was higher than I was hoping for. However, I have a strong credit scor...
Are there risks associated with owning a second home?
What are my options for financing a second home purchase? I am interested in buying a vacation home in a popular tourist destination, but I'm not sure how to finance the purchase. Should I use a convent...
How to qualify and get the best deal?
How can I find the best mortgage lender to buy my first home? I live in a competitive real estate market and I'm worried about being able to afford a house. I've heard that some lenders offer better rat...
Is it a good idea to buy down rates?
My dream is to buy a home in CA, but the market is very competitive. I am a single parent with an income of $100k a year. I have low DTI, and credit is 710 to 720. I have enough for a 20% down so I can ...
Green card holder applying for a loan
Looking to purchase a duplex that costs around $550k to $660k. We would stay in the other half and rent out the other for around $1800 a month. Our income goes up and down through the year, but the mini...
What kind of loan should I get for a farm?
I need a loan for a farm with a house. The farm business makes around $60k gross income annually. I don’t mind living in the farm if a lender requires it. The farm sells for $500k. What kind of loan s...
Applying for a construction loan, how do we compare rates?
We bought the land back in 2019 with a loan and have equity in it. Our house plans are done, and we plan to apply for a loan to build. How can we compare rates from bank to bank? Lender to lender? Do we...
Applied for an FHA but had to quit my job
I applied for an FHA, but I had to quit my job due to sickness. My elderly mom volunteered to be on the loan, but she has no credit due to a lack of credit cards and much debt. We added her to my husban...
Chances to buy a townhouse??
I plan to buy a townhome priced at $230,000 with an HOA of $300. I got pre-approval for a conventional loan. I have $60k saved up to put down and pay closing costs. I still have $20k of student loans I ...
Newbie with loans and confused on requirements
My husband and I are buying a mobile home and a piece of land. This is our first time so we don't really know how this works. We can get $10k from my husbands 401k to use as a down payment. I don't thi...
Can I qualify for a loan? What do I need to do?
I want to become a homeowner badly but I don't know if I qualify. Do I need a co-signer? My only debt is an auto loan and a credit card. I pay $450 a month on my car loan. I make $20 an hour but the ...
What type of loan package is for me?
I am looking for a loan for a manufactured home. The home is in a park, was moved once but is in good condition. Price is $175k and I need to put down 10% What type of loan product is the best in my ...
Is this true when you apply for a loan?
I heard that first time homebuyers need to prove that they have a large amount of money in the bank for 6 months. If you can't prove this you won't get approved for a loan. Another requirement is good...
Is it a good idea to refinance?
I need to do a refinance to lower my monthly payment. I have closed on the loan a few months ago and was forced to apply with the Builders preferred lender for cashback. Didn't have a good experience ...
First time home buyer with concerns
Hi, This is my first time applying for a loan and I have a few questions. Does a 100% payment history and constantly lowering debt count as something when trying to apply for a mortgage? My credit sc...
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