Responsible homeowners seek refinance help!

My wife and I currently live in the Chicago suburbs. The purchase price of our home was 411k in April 2008. In early 2011 we refinanced to the rate of 5.875%. During this refinance our home was appraise...

warranty deed

what is a warranty deed? is it the same as a quit claim deed?

mortgage bank bankruptcy

what happens if the bank where I obtained a mortgage loan goes bankrupt?

reverse mortgage

how does age factor into the reverse mortgage application process? I know that borrowers must be at least 62 to qualify, but does being older influence the rates or costs of a reverse mortgage?

FHA loan

What is FHA minimum amount loaned? I found a condo i'm interested in for 30,000.

These are questions from an auditor test I found and do not know the ans...

if 2 of 4 comps are more than 1 mile from the subject property

In a case like this is the appraisal not an acceptable way to establish value

Brother of borrower

if he is the realtor on the purchase of the subject property can the brother/realtor gift the funds from his commission on the sale towards the borrower's downpayment? Would this differ from loan type ...

closing agents

does a closing agent have the authority to stop a closing it it is suspected that the underwriting was poorly done

reimbursed employee expenses

if a borrower receives an average of 3000 per month in reimbursed expenses....would we add or deduct this from his monthly income....

credit report

is the credit report an acceptable source for validating a social security number

Amendatory Language

must the amendatory language always be signed by the buyer and seller prior to completing the appraisal

Identity of Interest

how does this affect the ltv on an FHA loan

Different apprasiser did appraisal than was assigned on an FHA loan

the loan has been insured by FHa..can we assume that the mortgage company was able to get the appraiser that did the appraisal assigned to the case but did not put documentation in the file

ssi disability letter from doctor

Hello, I'm on ssi disability and in the process of owning my own home. my mortgage broker told me i needed a letter from my doctorstating my disability. i have a letter from my doctor and also my disabi...