Our Question is VA loans and termite inspection/treatment!
We don't understand the termite inspection/treatment rules. Please explain. We were told that VA would not let us pay for treatment or inspection out of our own pocket if we chose a house that needed it...
Is it possible for me to get a mortgage?
I have a credit score of 675, annual income of 85k, and currently have $1100 a month in debt payments (student loan, car payment, credit card). I haven't owned a home since 2002, but I found one around ...
Underwater mortgage, need advice
My mortgage is currently over 300k, and my monthly payment is 3200. The value of this house has gone from 475,000 to 180,000. Should I walk away from this loan, because I cannot afford this or refinance...
Refinancing without PMI
My house recently appraised for 240,000, have a 5.5% FRM 30-year with 196,000 remaining, I am paying PMI. I wish to refinance to a lower payment without the huge 5-6k closing costs I've heard off. I'm o...
Combining 1st and 2nd mortgage for HARP refinance?
Our first mortgage is an ARM with a low interest rate. Our second has a 14+% interest rate, combined both loans are less than 125%. We wanted to combine what we owe on both loans into a 30 year FRM and ...
Refinancing after 5 years into a 30 year FRM
Right now I am 5 years into a 30 year FRM at 7.5%. I've never been late on payments, my house has been officially appraised at 375k, I've paid down to 315k. My credit is 785 and I have no other payments...
Need a home equity loan.
How long does it take to get a home equity loan? I have a fully owned house worth roughly 200k and I would like to get a loan of 15,000 to pay off credit card bills and to put a down payment on a car. W...
FHA loan after banktrupcy
About two years ago I filed bankruptcy and included the home in the bankruptcy. The property was discharged along with the bankruptcy. Is this house considered a bankruptcy or a foreclosure? Would I hav...
Refinancing a second home which is leased
I currently own a home that was purchased as my primary home in 2006 with a 6.85 interest only on the first mortgage and an equity line of credit with interest only and it is a Fannie Mae loan. I had ...
Can I refinance without 20% equity in my home?
I bought my home back in 2008, mortgage amount of 293,000 with a rate of 5.5, home is currently worth 329,000 and my credit is 759. Do I need 20% equity in order to refinance?
Does down payment affect interest rate?
I am in the process of buying a condo for 250k. 780 credit score and I am being informed that to get the best rate I need to put down at least 25%. If the home appraises for more than 250k, would it be ...
Refi a rental, HOA problems in the past
I own a condo that I wish to rent out but would also want to refinance it. Small loan at a high rate. I attempted to refi a few years back, but due to HOA delinquency I was unable to do so. Can I move f...
Can we get an FHA loan immediately?
My wife and I are underwater with our mortgage and have tried everything in order to refinance. We do not have a Freddie or Fannie loan so we do not qualify for HARP. We do have a bankruptcy which was d...
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