My lender is asking me to prove my relationship with a family friend???
I was gifted a sum of money from a close family friend to help with my down payment, and now my lender is asking for "proof" of the relationship. Is this normal? It seems like a strange request to make.
High DTI ratio
I'm in New Jersey, and due to taxes on investment properties have a debt-to-income ratio of around 64% . I have an excellent credit score. Looking for a lender that can work with this type of situation
I need a lender for an FHA streamline refi on a rental property in Ohio
We lived in the home for a couple years, and now we are renting it. We have a 6% interest rate and are looking to take advantage of the lower interest rates.
Have a 1st and 2nd Mortgage
I would like to have one mortgage, on my 2nd I pay 9.64% and would like to reduce that. My balance on my 1st loan is 140,000 and my 2nd is 39,000. I have been looking and it looks like homes that are li...
Retirement income questions?
I only have a tax free retirement pension. I know that for FHA uses gross income to calculate rations. Having only a net income due to the tax free income, will these ratios increase?
Possibility of getting two mortgages (primary residence and rental prope...
Is this possible?Or do I have to wait until the first one closes?
deliquent medical bills on credit report
Hello, I would like to apply for a loan, and I pulled my credit report. I have a few medical bills from a few years back that went to collections due to financial and health problems. Does this hurt m...
Will loan underwriter accept a letter?
We have IRS debt, which my accountant was able to get a monthly payment on our behalf. Apparently the IRS can take up to 30 days to send a letter of confirmation. Should the underwriter accept a lett...
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