FHA or USDA loan?
I live in NY and I’m shopping around for a conventional loan with a 3% down payment. I have a student loan and paying $300 a month to be fully paid in 2 years. Should I get an FHA or USDA loan?
Refinance or wait?
I live in a studio apartment in Boulder and I am looking to refinance. I refinanced last year and got a 25 year at 3.5% and plan to refi again to a 20 year at 2.75%. Should I go on with the refinance or...
Multi-unit investment
I plan to invest in a multi-family apartment and I can put down at least 50% for a down payment. I only need $100k from a lender and I would like to know if a 15 year or 30 year mortgage is better? I ow...
FHA loan application with previous bankruptcy
I went through a terrible divorce which led me to file a chapter 7 bankruptcy and surrender my home. The bankruptcy was discharged in 2018 and I plan to apply for a loan for a new apartment unit. Would ...
Having second thoughts on a home equity loan
My wife and I got approved for a loan based on our debt-income ratio a few months ago. We didn’t push through with the loan because of the uncertainty due to the pandemic. A home equity loan was offer...
How to qualify for home loan or FHA in TN? Coming from California
Worked and then COvid19 hit and was on EDD because kids stayed home and business shut down. I am now working again since February 2021. We are wanting to leave California and seeing what we needed to qu...
Do I qualify for an FHA loan?
First-time buyer in Austin, Texas, and looking to buy next year. My wife and I have a combined income of $150k which is enough to buy a townhouse in the $250k to $350k range. We pay for credit cards at ...
Refinance offer from my bank
My wife and I own a townhouse that we rent out that was bought way back in 2010. The loan was 30 years with a fixed rate of 5.375%. A bank offered a refinance at a fixed 2.56% with no closing costs. Sho...
Refinance for Retirement Home
I have a current mortgage with a lender that we’d like to refinance. We plan to move out from the home and retire near the beach. There is an amazing property up for sale and I would like to grab the ...
Cash refinance questions
I talked with my lender to inquire about a cash out refinance. They asked what it was for and I told them it was for debt consolidation. He ran our credit and came back and told me that I was approved a...
Loan application with income coming from own business
We are looking to buy land soon and would like to know what would a lender consider my income to be when my wife and I own a business? Our net profit for this year is $260k.
Will paying off my house hurt my scores?
My wife and I are planning to build a new home. We are selling our home but we have enough to pay it off now. I was thinking of paying just a chunk down on it to lower interest, last month's interest wa...
Self employed applying for a loan
My family fell in love with a mobile home across town that is listed for sale at $90k with $500 a month lot rent. We have around $50k saved and we would love to buy the home and turn it into a rental. W...
Change of plans after buying a new construction home
I signed a purchase contract a few months ago to buy a new construction single family home. The house was delayed in construction and many things have happened since then. We had a newborn in the family...
Closing costs average?
Hi, I want to ask about a good average percentage for closing costs on a commercial loan? I am paying more than 3 to 6% which seems pretty high for me.
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