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...
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 ...
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?
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...
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...
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...
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...
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...
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...
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. ...
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...
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 ...
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...
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...
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