Refi and New Loan At the Same Time

I have a mortgage on my rental (principal balance $94,552, interest rate 5.00%, VA, maturity 2018, total payment $1,830) that I want to refinance, to lower the monthly payment. I am ready to apply for...

foreign investor

I am looking to purchase a property in Palm Springs. I have already found the property so this can happen quickly.My situtation is that I am an Australian citizen but live and work in Canada (giving me ...

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...

not "Fannie Mae compliant" property

I made an offer on townhouse in a nice town 20 minutes north from Boston and paid $375 for the house inspection.However , it appears that the property is not "Fannie Mae compliant" due to the high perce...

Revealig my assets

When and if I apply for a loan, is it necessary or required to disclose all your asset or just enough to cover downpayment + closing cost. Let's say if I have savings/cd accounts with multiple banks, ...

Rates in California?

a mortgage calculator has a default rate of 4.5%. Shouldn't it be higher?My fico score is pretty great, and I'm trying to guess what my rate might be today. I got quoted around 5% a few months ago for a...

Are there any options out there that require less down?

As the market is falling all around us, and we have to lower the price of our home to try to sell it, that means that the cash that we get to put towards a new home is going to be less. What options are...

If I want to buy down my rate from 5% to 4% how many points is that and ...

Is this interest rate too high for an 800 FICO?

I'm in the midst of getting a 80/10/10 loan for a home purchase (that's 10% down) for a $400k house. We were preapproved, etc, but are providing document after document at underwriters' request. That ...

Loan for Home and Adjacent Lot?

This weekend I went to view several properties in Chicago and one of the properties that I liked doesn't conform to the FHA loan that I am pre-approved for. Basically the seller owns two adjacent lots. ...

I have a question about fees?

It appeared to be unreasonably high but I wanted to check.....On Good faith estimate the loan originator stated the following figures to be charged by him/his bank (in addition to credit report fee): 1....

ARM Loan Scenarios...

We're finding it difficult to find a single family home in our desired Chicago, IL neighborhood that falls into a comfortable price range, so we're considering financing a condo that we love, but which ...

Prequalified vs Preapproved... What's the difference?

Lenders.... what's the difference between getting prequalified and preapproved? Do I need one or both?

Buying with 5% down Chicago Suburbs.....we have a FICO score of 735-690,...

My wife and I currently rent and are looking to buy in the northern suburbs of Chicago because the school options are better. We were planning to stay in the city and used a portion of our savings to p...

Quick question: Is 3.65% a good rate for a 5/1 ARM loan which is interes...