Is a HELOC the best move?
I am planning to refinance a current loan because I need the funds for debt consolidation. Closing costs will be $30k and it seems like its not worth it. A HELOC would have been a good idea but my sco...
What are the rules on getting a second FHA loan?
An offer was made for a charming little bungalow that's great for a retirement home. It's located in the neighborhood where I grew up and settling down there would be a dream come true. My question is ...
What are my refinancing options?
Our current rate is 3.75% and refinancing at this point would seem ridiculous. I've been hearing that a HELOC would be the best option given our scores of 662, 639, and 614. A personal loan is also bei...
What mortgage is best for us?
We live in Denver and are renting currently. We plan to buy a home worth $375 to $400k. My score is 650 while wife is at 625. Our income is $180k a year and DTI of 39%. Cash assets of $4,000 Our scor...
Question about assumable mortgages
Anyone familiar with assumable mortgages? I'm exploring all my options of joint ownership with an ex. We aren't married but own the home. I am trying to buy him out first if not then sell the home. I di...
Apple Valley, CA - Jan 25th 2023
This question has not yet been answered.
Should we let the house foreclose?
My in laws are having problems with their loan. They still owe a lot on the remaining balance and they still have 12 years to pay off the loan. The home is under my husbands name but his mom is co-signe...
What are other ways to use substantial equity?
I've built enough equity on my current home and I am looking for ways to use it wisely. Do I get a cash out refinance or pull a HELOC? Can equity be used as collateral instead of having a second lien on...
Are super jumbo loans the best option?
I am selling my home to buy my dream luxury home soon. I am buying in an expensive location and was wondering if a super jumbo loan is the best option for me. My current home is on the market for $19M a...
Can I add my self employment income to our mortgage application?
My wife and I are both W2 earners. I have a side gig that used to be full time in 2021 but sales have gone down 50% so I had to go back to employment. I have 2 years worth of tax returns on my business ...
I need clarification with my plans to do a HELOC on my home
I've been getting conflicting advice and I want to get clarity on the matter. I bought a home in 2021 but it was too small coz my family got bigger. We moved out and my wife ended up buying another hom...
What are our options?
We're looking for a loan in Orange County for $850k. I have a Chapter 13 discharge which will be a year this March. I'm an independent contractor making between $120k to $130k a year and can provide ba...
Help me figure out what this means
I'm getting refer/eligible for a file I've been working on. "This case has been referred because the risk exceeds the risk threshold for automated approval for an FHA loan. An FHA registered DE underwr...
When is OT pay considered when buying a home?
My hubby works in the same industry for 7 years now and we moved to FL last April 2022 for his new job with a new company. Lender told us that since he was not working for his new company for at least 2...
How can I get accurate rates?
I am under contract for a home in Cali. I have been keeping close tabs on mortgage rates and I'm confused since news articles report completely different things. Business Insider mentions a 30 year fix...
Refinance question
Hi everyone, happy new year! I have a home repair and 203b refinance question. Will the current condition of my house prevent me from refinancing my current FHA loan to a 23b loan if I fail to meet FHA ...
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