Applying for a loan when married
How does applying for a loan when married work? Let’s say one spouse has income and the other has none? Can I have only one name on the title or loan? TIA
How loan should I wait before applying for a loan?
I just moved into my new house last month. I need serious money to pay off some debts like federal and state taxes and car notes. Should I wait 2 years before applying for a mortgage equity loan?
Low interest loan for lot purchase
Hi, I need advice if you guys can give me one. I am looking for a low-interest-rate lot loan. My husband and I are working with a loan office that was endorsed by the company that sold us the land. The ...
Should I let one house go?
I need help regarding my situation. I currently own 2 houses, one is worth 150 thousand less than what I bought the other house is worth about 10 thousand less than what it’s worth. I would like to ke...
Why do most banks don't offer HELOCs?
I want to know if anyone has a good experience with HELOCs. I’m aware that most banks don’t offer HELOCs anymore and I just started doing research about it. Thanks in advance.
What is the max loan amount for an FHA loan?
I make about $45k gross each year. I have a good credit score of 680. As much as possible, I want to stay within my budget but at the same time, I want to know how far I could stretch it. What is the ma...
Loan with a huge downpayment, is it wise?
So, I was planning on taking out a mortgage with 70% down. The mortgage would be less than $100k. Is this a wise decision or not?
Is pre-approval state specific?
Hi guys, I wanted to ask if the pre-approval state is specific. The place I’ll be looking for a home in is like 10 miles from 3 other states. After getting pre-approved, do I have to commit to 1 state...
First time to hear about mortgage porting
Regarding mortgage porting, it’s my first time hearing about this concept. I assume it’s going to be popular among people who want to move, but also keep their existing mortgages. I was wondering if...
Over credited on our mortgage refinance
The day after my husband and I closed on our mortgage refinance, I received an email from my mortgage broker that indicated that I was “over-credited” lender credits because they were larger by a fe...
Is a refi a good idea right now?
Experts said that the current interest rate spike would go down in the next 6 to 9 months. After the market response to the recent fed hike I'm afraid that rates would go up and stay high for several ye...
Self employed trying to apply for a loan
I am self employed and got approved for a loan 2 months ago using a year's worth of W2s. If I decide to hold off another year on a new purchase I'll have 2 years of W2s. Will my lender ask for P and Ls ...
Giving a tip for our title closer
Is it customary to "tip" the title closer as suggested by my attorney? If so, how much? We are here in Long Island and the loan we got amounted to $650k. Aren't title closers working as an employee for ...
Lender asking for boyfriend info for mortgage
Hello, I recently got approved for a mortgage and my lender told me that FHA requires a household to be on the application. I'm just trying to see if that's true or is only one person can apply for the ...
Newly grad planning to buy a condo in a few years
I just graduated from college and am now working with a new company. I still have student loans to pay and credit card debts current. I plan to buy a condo in a year or two. What type of loan gives the ...
Phoenix, AZ - Oct 4th 2022
2 answers
- Latest answer by
Bob Heidrich | Equal Housing Lender
Apr 9th 2024
Ask our community a question.
Get an answer
Related Questions
