Are inspections needed to close on a home?

Are inspections a requirement in order to close on a home? We have placed multiple offers on homes but keep getting beat by others waiving the appraisal and inspection. Isn’t waiving inspections a ris...

Question about a reverse mortgage

My parents have a reverse mortgage and they plan to sell their home. Will they get the equity if there is extra money made on the sale? Will the lender get the money above the mortgage payoff? TIA!

A 1099 employee who want to apply for a loan

I am a 1099 employee and I have been trying to buy a home but I keep on encountering problems with lenders. I have many deductions on our taxes which makes my income look very low. Would it help if I ta...

Can we get a cash out loan on a paid off house we inherited?

100% equity but not good credit. I would like to get a rental property and use the income to pay off loan & live on... is that possible with bad credit?

I have an issue with gift donation for my FHA loan

Hi guys, I have a question about the verification of a gift donation for my FHA loan. My father gave me a gift of $5,500 for closing costs, and he gave me the money in cash, now my lender told me that t...

Can I modify my loan to lower payments?

I don’t want to refinance my house, so I was planning on lowering my payments by modifying my existing loan. Do you guys have any experience with modifying a loan before? Is it worth it?

Got lending disclosure packet with zip code wrong

Hi everyone, I recently got the truth in the lending disclosure packet from my lender, while I was inspecting it I noticed that the zip code of the house was incorrect. I told my lender that it was wron...

Can we get a 2nd loan modification?

About a year ago my wife and I got approved for a loan modification. Our incomes recently decreased and we’re struggling with paying the mortgage. Is it possible for us to apply for a 2nd loan modifi...

My client can't get financing

Can someone help me? I sell investment properties and one of my clients who own multiple houses can’t get financing, even with 20% down. The properties are SFR townhomes in Charlotte, North Carolina a...

Should I close accounts or keep them?

Someone once told me that having many open credit card accounts isn’t good, even if the credit cards’ balances are zero. Are they right? I know having more credit cards with a great history and zero...

I offered more for this bank property than the buyer who got it.

Can I get a loan even if I work overseas?

Hi guys, I was wondering if I can get a loan with my income abroad. As you guys can see, I don’t work in the U.S.A.. If I could still get a loan even though I work abroad, what are the steps I have to...

How much house can I afford with a VA loan?

I’m a single man in my late 20’s and I make $72,000 a year. I was wondering how much house I can afford. I’m also a veteran that gets a property tax exemption. Do you guys have any clue how much h...

Hoping to avoid PMI as much as possible

Hello, I have a question about something. Do RMDs count when qualifying for a mortgage? My wife’s social security check will be $1150 monthly. I make $32,650 yearly, but that money comes from a new jo...

which banks give mortgage on warehouse properties?