First time buyer here and I have no idea how to start. I've heard about Rocket Mortgage but some say it would be better to deal with a local lender. I am buying the house I am living in, equity will be ...
I want to ask about the smartest way to purchase a vacation home? We have no debt except a current mortgage which is a 15 year oan at 2.75%. I pay $2,050 per month. Credit score is 770 and I have around...
What are our options? We have been applying for a mortgage but to no avail. We worked in the restaurant industry during the pandemic and we didn't have work from March 2020 to Jan 2021. This scenario ha...
We plan to buy an investment property in Arkansas and we have questions. Is it normal to charge a loan fee on top of the loan? A lender is asking for a $3k fee for a 20% down payment. Do we have to deal...
I need advice regarding my situation with my ex. We got a joint interest mortgage 10 years ago but we split a few years after. We decided that he would pay for the loan and we would consider that his su...
Are inspections a requirement in order to close on a home? We have placed multiple offers on homes but keep getting beat by others waiving the appraisal and inspection. Isn’t waiving inspections a ris...
My parents have a reverse mortgage and they plan to sell their home. Will they get the equity if there is extra money made on the sale? Will the lender get the money above the mortgage payoff? TIA!
I am a 1099 employee and I have been trying to buy a home but I keep on encountering problems with lenders. I have many deductions on our taxes which makes my income look very low. Would it help if I ta...
100% equity but not good credit. I would like to get a rental property and use the income to pay off loan & live on... is that possible with bad credit?
Hi guys, I have a question about the verification of a gift donation for my FHA loan. My father gave me a gift of $5,500 for closing costs, and he gave me the money in cash, now my lender told me that t...
I don’t want to refinance my house, so I was planning on lowering my payments by modifying my existing loan. Do you guys have any experience with modifying a loan before? Is it worth it?
Hi everyone, I recently got the truth in the lending disclosure packet from my lender, while I was inspecting it I noticed that the zip code of the house was incorrect. I told my lender that it was wron...
About a year ago my wife and I got approved for a loan modification. Our incomes recently decreased and we’re struggling with paying the mortgage. Is it possible for us to apply for a 2nd loan modifi...
Can someone help me? I sell investment properties and one of my clients who own multiple houses can’t get financing, even with 20% down. The properties are SFR townhomes in Charlotte, North Carolina a...
Someone once told me that having many open credit card accounts isn’t good, even if the credit cards’ balances are zero. Are they right? I know having more credit cards with a great history and zero...
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