joint mortgage divorce
My husband and I are getting divorced and we happen to have a joint mortgage. What is the easiest option to remove my name from the mortgage? I do not want my credit to be damaged if any payments are mi...
preapproval reliable?
how reliable is a preapproval? how often do borrowers get preapproved for a loan and then denied later? I'm looking to buy my first house and I've been preapproved and I just want to make sure that I do...
mortgage and home improvement
I've been approved for a $200,000 loan and I was looking to purchase a home valued at $175,000. Would it be possible to accept the full amount of the loan and use the remaining funds for remodeling proj...
appraisal refund
can I get a refund on my home appraisal if I was ultimately denied the loan?
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.
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....
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