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...
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...
Can you still buy a house and subsequently sell the house you own?
Does anyone have insight on the lender side with respect to buying a home before selling the primary residence? Our mortgage broker was telling us that lenders will no longer give mortgages out unless ...
I have underwater mortgage through Chase. Is there a chance I can refina...
My interest rate is 6.225%(5/1) and it's going to recast by April of 2012.
Mortgage Loan Advice:
Greetings,I've been renting a home for 5 years, but I'd like to make an offer to purchase. I've been employed with the same company for 18 years. I have a 600 FICO score & little money to put down. Is...
Mortgage help
Hi there, I'm not all that experienced in the financial arena so I thought I would come to this forum to get some insight on a few questions that I have. I would appreciate any thoughts/guidance folks ...
Seller paid downpayment?
My wife and I are currently in the beginning stages of the home buying process, we are now searching for mortgages to see how much we qualify for. We have little available for down payment so a mortgage...
Getting a second mortgage with a high debt to income ratio
We would like to buy a second home and rent out the first one after moving into the second. We currently pay 3000/month for the first mortgage and would need to pay about 4100/month for the second mort...
USDA Loans Eligibility
I'm a non US citizen with work permit, can I qualify for an usda loan single family home purchase if the home is in approved area, or USDA loans only for us citizens or permanent residents ?
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