Is it worth paying PMI upfront?
It’s my first time buying and I was wondering if it’s worth paying PMI upfront or just monthly payments? My lender gave me a choice to pay $4500 at closing or do monthly payments which is $85. The p...
Do I pay the higher rate on the 2nd home?
Hi, I have a quick question since I couldn’t find proper answers on google. I own a principal residence that I’d like to keep and put up for rent. I have a great rate (sub 3) and I have a mortgage a...
Not enough down payment for a new home until current house is sold
Hi, my family plans on moving from Phoenix to Orange County. They’re in their mid-thirties and they have a high paying job. They have a house with $360-410k equity. My family has several pets which me...
Will paying for roof repairs for my other home affect my loan application?
I plan on getting a second house in Texas. I got a clear closing date this month. I have to pay a $6k down payment for roof replacement for my other home. Am I able to make that $6k payment from my bank...
Is it more difficult to get a mortgage for land?
People say that it’s usually harder to get a mortgage for the land. But I was wondering if there are some land-friendly mortgage lenders that I should search for. My credit is good, I don’t have any...
Planning to file a case against my bank due to issues with the discharge...
Can I file a lawsuit against a bank and its vice president for failure and carelessness in filing a discharge of loan documents on a property? Shouldn’t this be considered slander of title? This can r...
I keep on failing during underwriting due to hourly wage job
I got a job on an hourly wage in the last 3 months. Is there a lender that I can refinance with? I have tried applying for one many times already, including my current lender, but they all failed at und...
Planning to buy but hubby has a low credit score
Me and my husband are currently looking for a new home this upcoming autumn/winter. I wanted to get feedback on our chances in getting a home and any suggestions in general would help us a lot. We plan ...
RV unit or condo? Which is a better option?
I recently got an amazing job that isn’t stressful in a high cost of living small town in wine country. Rents are overpriced. Folks are getting $1k to rent rooms out of their own houses. My husband is...
Lender mismanaged our escrow account
Sadly, our lender has mismanaged our escrow account. We’ve given them a chance to fix it but to no avail. They sent the payment of our wind and flood insurance to the wrong address. The insurance comp...
We are done with renting and want to buy our new home
We decided to rent so we can work on our credit and buy a house of our own. The problem is, our landlord is losing his house and will move back into the house we’re renting and we have a month to move...
Feel stuck getting an FHA loan
Help! I feel stuck. I plan to buy a new home this Fall but my credit scores are not going anywhere. I currently have a mortgage, student loan and a car loan. If I get a credit card will it affect my cha...
What type of loan should II I get for a 4plex?
I am buying a 4plex with 3 residential units and a store front. Should I apply for a residential loan or commercial loan since one unit is commercial? This is my first time to invest and I want to get t...
Do I need a broker to help with pre-qualifying?
I am in the process of getting pre-qualified for a loan as a first time investor. Do I need a mortgage broker to help me out? What are the advantages of having one? I need someone who can help me unders...
What questions do I ask a lender?
I am a first time home buyer and I want to know what questions I should ask a lender. I’m investing in Maryland and I was wondering if there are first time home buyer programs that I can apply for. Ar...
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