How to go to conventional mortgage from reversible one

my credit score is 550 and i'd be a first time buyer what do u suggest

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Home equity for a third property?

As a homeowner with two properties, I am considering the possibility of obtaining a home equity loan to fund the purchase of a third property while also completing some much-needed renovations on my fir...

Is it ok to defer one mortgage given my financial situation?

As a homeowner, I have a solid 6-year track record of making mortgage payments on time. However, I am currently experiencing some financial difficulties and am exploring the option of deferring one mort...

What are my options given high DTI?

As first-time homebuyers, my partner and I recently applied for a $365k home loan, but unfortunately, we were denied due to high DTI. Despite having credit scores ranging from the 600s to 700s and a joi...

What's the best approach given my situation?

I am currently in the market for a single-family home in Colorado and am wondering what kind of interest rates I can expect with my impressive financial standing. With a FICO score of over 830, no outst...

Can I get a loan with a low credit score?

How can I get a mortgage with a low credit score? I have had some financial setbacks in the past and my credit score is currently below average. However, I have a steady income and I am confident that I...

What should I know about ARM before applying for one?

What should I know about adjustable rate mortgages before choosing one? I am considering an ARM as a way to save money on my monthly mortgage payments. However, I am concerned about the risks associated...

Pre- approval mortgage letter and paystub

I have been pre -approved letter for a mortgage loan, but I'm having some concerns about my pay stubs. I was preapproved on 4/11/23, I just found a house I want 05/09/23. My highest pay was 30 days prio...

How can I get lower rates?

How can I negotiate a better interest rate on my mortgage? I recently applied for a home loan and was offered an interest rate that was higher than I was hoping for. However, I have a strong credit scor...

Are there risks associated with owning a second home?

What are my options for financing a second home purchase? I am interested in buying a vacation home in a popular tourist destination, but I'm not sure how to finance the purchase. Should I use a convent...

How to qualify and get the best deal?

How can I find the best mortgage lender to buy my first home? I live in a competitive real estate market and I'm worried about being able to afford a house. I've heard that some lenders offer better rat...

Is it a good idea to buy down rates?

My dream is to buy a home in CA, but the market is very competitive. I am a single parent with an income of $100k a year. I have low DTI, and credit is 710 to 720. I have enough for a 20% down so I can ...

Green card holder applying for a loan

Looking to purchase a duplex that costs around $550k to $660k. We would stay in the other half and rent out the other for around $1800 a month. Our income goes up and down through the year, but the mini...