FHA loan and mortgage insurance

If I pay 30% down on an FHA loan with a non-occupant co-borrower, am I still required to get mortgage insurance?

HECM and reverse mortgage

is there any reason not to choose a HECM reverse mortgage as compared to any other program? i understand that reverse mortgages are generally a bit risky but i was wondering what the benefits would be f...

energy efficient mortgage

how are energy efficient mortgages managed? do they become combined with an existing home loan or do they have to be managed separately?

underwriting

what is the process to become an underwriter? does it require a degree in something?

remodeled without permits

I'm trying to purchase a home with several room additions that was built without permits, will i have any problems buying the house or will this somehow affect the appraisal amount in a negative way?

appraisal

is there any way to challenge an appraisal value if it seems to be off? can i have the property re-appraised somehow or is my home value now fixed to this poorly-assigned value?

lender interest rates

when a lender presents an interest rate quote, is that in any way negotiable? is there some way to perhaps compromise on a lower interest rate or otherwise bargain the price down? or should i just consu...

loan for manufactured home

is there any way to get a home loan for a manufactured home without owning the land as well?

HARP Qualification

I did the check for HARP Qualification and I do qualify. However I am behind 4 months in payments and have 40000 in credit debit my balance amount to the BOA is 40000 my home is valued at 250000. I no...

refinance commercial property

I am in Baltimore, Maryland. I would like to refinance my commercial mixed/use property. I operate a banquet hall and a childcare center. I currently have a mortgage of 14.9%. I need a lower interes...

Need a lender in Texas to do a HARP loan when I already have Lender paid...

Lender paid mortgage insurance and HARP

Which rate should I go with?

30YR fixed 3.5 with $1200 closing costs 3.625 with $0 closing costs3.75 with -$750 creditThe difference between each rate is around $15 a month (so 3.625 would be $15 more than 3.5 and 3.75 would $30 mo...

adjustable rate mortgage

for adjustable rate mortgages, do interest rates fluctuate from month to month or is the interest rate annually fixed on a certain date?

strategic default

what is a strategic default? when would this be a viable strategy?