Quoted high appraisal fees, will it be credited during closing?

My lender charged $600 for an appraisal but upon checking the actual cost is only $500. Are they required by law to refund the difference? I was hoping they could send a check or at least credit the am...

What are my chances of getting approved?

I have saved up enough money for a downpayment on a condo. My credit score is 800. I am self employed but I spent too much money at the casino lately. Will this ruin my chances of getting a loan?

I need advice on my FHA loan

I currently have an FHA loan with a housing ratio of 47.34%. Is there a way to make this work without having to change anything on the loan? In the past, I applied savings for retirement 401k. Will thi...

I am 7 months older then my Wife. We where both born in 1945, me in Feb ...

I've been getting conflicting info regarding a conventional loan

I plan to get a conventional loan to buy a single family home. I worked part time for 2 years and left the job into a 1099 position doing the same thing. Does the W2 part time job doing the exact same...

What are my chances of gettting approved?

I own a cleaning business since this was in demand during the pandemic. Being self employed, would this hurt my chances of getting a loan? I've been renting for the past 20 years and I believe it's time...

Is it a good time to get a loan now?

With interest rates this high, is it ideal to get a loan or do I wait until rates go low? There's a studio unit that's available and the owner is leaving soon. He's giving me a great deal and I can't wa...

I need inputs on a situation involving an FHA borrower

I have a question about a situation with an FHA borrower. The borrower is moving less than 100 miles from their current primary residence which they own outright. Their home is a three unit family home ...

Getting an FHA loan with the following scenario

I own a primary home and I've been living in it for over 2 and a half years. I have a conventional loan on this property. My mom wants to buy a new primary home as she sells her mobile home. To help her...

Can a letter from an employer help get loan approval?

I am on W2 status for the past 11 years and my wife recently changed to 1099 a year ago. Despite the change my wife still receives the same monthly salary as before. We both have a credit score of 800 a...

Planning to buy a new home in Florida

I am eyeing a home in Florida worth $19M in a desirable subdivision. Am wondering if FHA lenders will allow closing costs to be rolled into the mortgage? My credit score is 640 so I am leaning toward...

Is it still a wise move to buy a new home?

I think I am getting closer to buying a home but I'm still on the fence. My score is 620 and credit is under repair. I have a lower payment on my student loans and my salary is quite low. I am looking ...

Do I need two years employment to get a loan?

Working as a computer analyst now and I plan to switch to a career in sales. If I pursue this do I still need two years at the same company? What if I change companies but have the same income? I'm al...

What type of lender would take on this type of asset?

I have a property under contract which is a dorm style apartment with 15 bedrooms and 10 bathrooms including shared space for cooking and dining. I'm having a hard time financing and I want to know if i...

What are my options as a first time loan applicant?

Hi, I live in LA and I am excited to apply for my first mortgage. I have plenty of questions like what are the requirements and documents I need to submit? How about the current interest rates and the f...