can't buy a condo with conventional financing?

We're in a situation where financing has been denied for a condo purchase, based on a Fannie Mae requirement that no more than 15% of the units in the development be 30 days behind on their condo fees. ...

iving in Nebraska...buying investment property for my retirement

I'm single, 54 and am planning on moving from NE to WA in one to five years (depending on enconomy). I would like to buy property now. The property will be something I plan on moving into when I make ...

Resold mortgages

I asked my prospective lender out of curiosity if they sell their mortgages. The loan officer confirmed that my mortgage would be sold. I realize the terms will remain the same, but I picked this bank b...

Mortgage loan options 3 years after foreclosure?

Hi, my husband and I have credit scores in the 800's. We have always had a history of excellent credit but 3 years ago because of the housing crash ( we sell tools for construction) our income dropped ...

What happens if loan is deemed unsellable at post-close?

I recently refinanced my mortgage - all went fine and quickly, no unusual requests from the mortgage company or my broker. Now, after loan has funded, there seems to be a post-close phase where they (mo...

We purchase under a new LLC to purchase a 523 apartment complex i Dallas...

buying shortsale and re-applying for pre-approval

Our bank wants us to pull our credit every 90 days on a short-sale house. Does this drastically effect our credit score when the deal finally goes through?

What to do?

I need some help. I have put in an offer on a multiple offer property. The realtor called me and with no optimism in his voice basically told me that I wouldn't get the property because it was a multi...

California Purchase and Renovation Loan Lender?

I know Wells Fargo offers a conforming P & R Loan, but I wondering if there are any internet lenders that offer this type of loan?

Credit Report has no Score!

My husband is in the military and we are currently stationed in Europe. We are moving to San Diego in October and we will be looking to buy a house over the Christmas holidays. In an effort to see how m...

True that seller-funded closing costs limited to 3% if downpayment less ...

We are buying an REO for $275000, and the seller (GMAC) is allowing us $10000 toward closing costs. However, our mortgage broker just told us that recent changes in the guidelines mean that lenders will...

i want to but a 450,000 dollar 8 plex and put down about 20-25%. what's...

not "Fannie Mae compliant" property

I made an offer on townhouse in a nice town 20 minutes north from Boston and paid $375 for the house inspection.However , it appears that the property is not "Fannie Mae compliant" due to the high perce...

What kind of terms can I get on a refinance on a commercial loan?

I'm looking for a refinance on a commercial loan. What kind of terms do you offer?

Reverse Mortgage

Do potential buyers have access to knowledge that a property has a reverse mortgage and the reverse mortgage amount? thus allowing buyers to wait until property is returned to the lender to then sell at...