Are non qm loans any good?

Are non-QM loans a good option? Do they charge higher down payment and closing costs? I’ve been trying to look for lenders but I am having a hard time finding one. I can provide more than 2 years of b...

Should I buy in cash?

I can afford to pay for a new home in cash but with the interest rates lower than usual I considered a $200k loan. Now I am looking at 5% and I am leaning towards cash. I would have little savings left ...

Getting a condo with an FHA loan and HELOC

I recently refinanced out of my FHA on my first property. I was hoping to get a 2nd condo with an FHA loan and using a HELOC from my first property, is this possible?

Having a hard time getting an FHA loan

Hi, my name is John, 25 years old and looking to purchase my first property. I am having a hard time getting approved for an FHA loan though. I work as an electrician through a staffing agency to work o...

Can my girlfriend and I co-sign for a loan?

I am looking to buy my first rental property but just recently declared bankruptcy 6 months ago. I have enough money for a down but I would surely get denied due to the bankruptcy. Can I use my fiance's...

Do banks require you to open checking account when you get a loan?

Is it normal for banks to require borrowers to open checking accounts at their bank? They prefer buyers to get their payments automatically instead of having a customer send a check every month. When a...

Working for family business. Loan approval?

Me and my husband made an offer on a home after receiving a pre-approval for a home loan. We are in the middle of trying to close and only just now realized that if you work for a family business then i...

Questions about our FHA loan

We currently have an FHA but had to go on forbearance due to the pandemic. Lender has offered us a loan modification and an FHA HUD partial claim for past due amounts. We have made renovations for the h...

Is there a way to get a mortgage faster?

I really want to move out of my current apartment. I was married previously and had a house in my name under my VA benefits. I married my ex and she moved in. We divorced and let her keep the house in m...

I don't know why I got denied with my refinance?

Hi everyone, I just got rejected for a refinance because the borrower was not on the title. Son is removing parents from a reverse mortgage. Its owner occupied and the son has lived there all his life. ...

Want to do a HELOC and I want to know how much we can get

We bought our home for $200k and our mortgage currently has $137k. House value is between $250 to $280k. How much can we get in this situation? I plan to do a HELOC. Will it work in this case? Do you ne...

Owner has conditions on a 5 unit home purchase

I came across a 5 unit home with an asking price of $900k which is a good deal in the area we live in. The owner wants to do a 1031 and my current lender can help me out but they require a 25% down. Is ...

What are the distance requirements when buying multiple second homes?

My wife and I have a second home loan in another state. Does anyone know how far a vacation home needs to be from other vacation home properties? I’ve heard that there are distance requirements when g...

Help,Mortgage Fraud, Illegal Foreclose practices, defending against fore...

Do we qualify for a 2nd USDA loan?

We are planning to get a USDA loan for the 2nd time. Our location has an income limit for a guaranteed loan of $167k. My yearly income is $190k plus bonuses that pushes it to $220k annually. Is this eno...