Self Employed Mortgage - Questionss

Hello all,I have a situation that I would like to hear opinions on because I'm hearing different things from different people. I am a technical writer who has been working for/"with" the same company fo...

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...

Big banks vs brokers, who is closing on-time in 30 days??!!!

A month ago we won a short sale with BofA. So we decided to go with BofA for our loan because we assumed a large direct lender, big bank could easily deliver in 30 days! We were wrong. I'm really ti...

Can I count my wife's income even though she hasn't gone back to work yet?

When our kid was born my wife quit her job. She plans to go back to work part time in May, right around the time when we would like to buy our first home. When we go to pre-qualify for a loan will we ...

Loan Contingency Removal Question

I am in the escrow of buying a condo as a first time buyer. The seller asked me to provide Lender's written Loan Approval and remove the loan contingency (actually all the contingencies) within 17 days ...

Credit scores and other questions

How do i find out what each of the three credit agencies scores are on me? On experian, they are 755, but the other two must be lower--how do the banks/mortgage lenders calculate the score they use? do ...

Changing employers while house hunting/buying

There seems to be a number of very well informed posters to this board so I thought I'd pose the question here rather than possibly red flagging us to the mortgage companies we've been working with. We'...

rental restrictions after a hafa short sale

Are there restrictions on renting out a property after a hafa short sale? Can the seller rent the property back from the new owner?

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?

How can I get a phone of Lender 411?

fallin behind

what happens if i fall behind due to being out of work now im employeed again and want to get caught up?

Does my mortgage payment change if I make a LARGE payment?

Does it change my regular total payment if I make a large, one time, principal payment of say $75 thousand? Or, should I just continue with extra monthly principal payments which I have already been doing?

Non-US citizen purchasing home

I'd like to know that, if I purchase a home as a non-US citizen and take out a US-based mortgage (assuming I qualify), can I add my US-citizen spouse as a co-borrower (assuming it reduces the rate and i...

Looking for 80/15/5 in Northern Virginia

Anyone doing a 80/15/5 these days in Northern Virginia? Looking to only put 5% down on a ~$700k property. Have credit score above 800, great financials, but given interest rates, would prefer to lever u...

FHA for Investment Property

Can you use an FHA loan to buy an investment property? I am a first-time home buyer and am looking to buy an investment property (before my own home, though I am currently looking) using an FHA loan. I...