If a FHA mortgage is going into foreclosure because the property owner h...
loan amount assuming the family will allow me to do so at an amount that I can afford? Would the lender want to finance the remaining principal amt or allow the property to foreclose? This is a FHA mort...
We are looking to buy a bigger home, should we sell our existing and wait?
I have been told it is better to sell and rent until home prices come down. Is that a good strategy? Your input is welcome.
Procedure for Getting Financing for a First Time Home Buyer
What is the procedure to obtain financing for a first-time home buyer with not so not perfect credit? The home has already been selected, no realtor was used, and it is for sale by the owner.
If I pay cash for a house as part of the offer package, can I refinance/...
If I pay cash for a house as part of the offer package, can I refinance/cash out? If so, is there a waiting period?
2 Unit, Owner Occupied Mortgage Type?
I am buying a 2-unit house and plan to live in one unit and rent out the other. I was told by my lender that the mortgage rate for this type of housing is higher than a single family house. A friend o...
Is there a governing body that protects home buyers when working with mo...
My mortgage was supposed to close a month ago and remains delayed due to the underwriter's questions with the appraisal. The broker mistakenly acknowledged that the initial delay was due to the underwri...
What should be the average closing cost on a $580,000 loan in CA?
This would be for a property we are making an offer on at $655,000
Refinancing an interest only modification loan into a conventional
Modification was into I/O for 24 months which is up this November. Modification was due to deaths in the family and all payments have been made on time. They are being told that since they only made i...
What is the lowest down payment requirement loan in Georgia?
We are looking at a property for about $210,000. We can afford the mortgage but low on down payment. What is the lowest we could put up?
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