What are our options?
We're looking for a loan in Orange County for $850k. I have a Chapter 13 discharge which will be a year this March. I'm an independent contractor making between $120k to $130k a year and can provide ba...
Help me figure out what this means
I'm getting refer/eligible for a file I've been working on. "This case has been referred because the risk exceeds the risk threshold for automated approval for an FHA loan. An FHA registered DE underwr...
When is OT pay considered when buying a home?
My hubby works in the same industry for 7 years now and we moved to FL last April 2022 for his new job with a new company. Lender told us that since he was not working for his new company for at least 2...
How can I get accurate rates?
I am under contract for a home in Cali. I have been keeping close tabs on mortgage rates and I'm confused since news articles report completely different things. Business Insider mentions a 30 year fix...
Refinance question
Hi everyone, happy new year! I have a home repair and 203b refinance question. Will the current condition of my house prevent me from refinancing my current FHA loan to a 23b loan if I fail to meet FHA ...
What's the best approach in my situation?
First time to buy a home and found a place that's perfect for my needs. I'm working with my agent to make an offer. Property costs $390k and there are minor issues that I would like the owners to addres...
Looking for a lender that deals exclusively for veterans
Happy new year to all! I'm looking for a lender who works only with veterans who have credit scores below 620. I'm from Hampton, NJ. I prefer to work with fellow servicemen if anyone owns a mortgage com...
What's the latest regarding student loans?
Does anyone know if lenders are still using a .05% to account for student loan payment if I want to buy a home? My loans are at $150k and I don't have that much income right now. Things have not been go...
Which is the smarter move?
I plan to buy my first studio type apartment in a few months and I am torn between paying off my student loans or use my savings toward a down payment. What move will give me a higher chance of getting ...
Clarity regarding the 28/36 rule
I need answers on the 28/36 rule, some say this is a myth and I want to get clarity on this once and for all. Once I sell my home I will be debt free. I prefer to go past the 28% front end and use all 3...
DTI problems
Hi, are there any mortgages that allows a higher DTI with a good credit score than an FHA loan? I'm having difficulty getting above 160k because of my DTI. Are hard money loans a good alternative if eve...
Questions on my VA loan
I was offered to buy points to lower interest rates on my VA loan. I have a loan currently but getting divorced soon so I need to get out of this loan and give it back so he can use it. I have a great r...
Are my escrow payments too high?
Is it common for escrow payments to double since March of 2021? From $741 I am now paying $1,500. Increases are normal but isn't this too much? I asked my lender and they said that it might be due to pr...
How long should loan processing take?
Hi everyone, my lender is stressing me out! Home inspection, VA appraisal and termite letters are all finished and we were looking forward to an early close because both buyer and seller agreed. Lender ...
Seeking advice as a first time homebuyer
I am planning to buy a home at $250k. I have $15k in cash and another $15k that I can pull from my investments. Hoping to get a conventional loan at 3% down. Mid credit score is 660. I make $60k a year ...
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