What should I know about ARM before applying for one?
What should I know about adjustable rate mortgages before choosing one? I am considering an ARM as a way to save money on my monthly mortgage payments. However, I am concerned about the risks associated...
How can I get lower rates?
How can I negotiate a better interest rate on my mortgage? I recently applied for a home loan and was offered an interest rate that was higher than I was hoping for. However, I have a strong credit scor...
Is this true when you apply for a loan?
I heard that first time homebuyers need to prove that they have a large amount of money in the bank for 6 months. If you can't prove this you won't get approved for a loan. Another requirement is good...
Is it a good idea to refinance?
I need to do a refinance to lower my monthly payment. I have closed on the loan a few months ago and was forced to apply with the Builders preferred lender for cashback. Didn't have a good experience ...
Can my credit cards affect my mortgage application?
My wife and I are planning to buy a house this year. I have 11 credit cards which I use to leverage my business and pay them off within a couple of months. I am thinking if this will be a problem when...
I am buying my ex out and fear that loan may be denied
I am currently refinancing a home that is in my name and my exs name. I am buying him out. The problem is, I was not able to secure the loan myself coz of credit card debts my ex left me. I added my ...
First time home buyer looking for a lender who can be patient given my c...
I'm looking for a lender who is patient and willing to help me buy my first home. I am a newbie with a lot of questions but I'm ready to do whatever it takes to seal the deal. I want a lender who is w...
Phoenix, AZ - Mar 28th 2023
3 answers
- Latest answer by
Bob Heidrich | Equal Housing Lender
Apr 9th 2024
Will I get a loan in today's market?
Hi, I plan to buy a home in the $500k range and putting 10% down. What are my chances of getting a loan? I have no debts. I got a second job paying $7k a month. plus another side hustle that gives $...
Scared to apply for a loan due to stringent rules
Do people actually make it to closing nowadays? I'm thinking that things have become too hard and impossible these days. With the high interest rates and high prices, I'm having second thoughts on app...
Who should be applying for the best deal me or my husband?
We are preparing to begin the pre-approval process and my husband and I are trying to find out who's name should the loan be in. I for one have excellent credit, long credit history but lots of debt. I...
Is it a good time to refinance?
I owe $98,000 on my home and my rate is 3.2%. The home's value is up to around $250,000. My credit is not high enough for a HELOC though. I want to leverage my equity and do a cash out refinance. Is ...
Is it a good idea to apply for a nonconforming loan?
I'm looking for a non-conforming loan since I've been having difficulty getting a traditional loan since I am self employed. I can put down 20% with a credit score of 786. I have a W2 for a year and b...
I want to buy a rental property in my name only
I plan to buy a rental in my name only without my wife. She makes $250k a year while I make $150k and self employed We both have our names on the home now with a $500k mortgage. We currently have a ca...
Maricopa, AZ - Feb 1st 2023
3 answers
- Latest answer by
Bob Heidrich | Equal Housing Lender
Apr 9th 2024
Looking for a lender that deals exclusively for veterans
Happy new year to all! I'm looking for a lender who works only with veterans who have credit scores below 620. I'm from Hampton, NJ. I prefer to work with fellow servicemen if anyone owns a mortgage com...
What's the latest regarding student loans?
Does anyone know if lenders are still using a .05% to account for student loan payment if I want to buy a home? My loans are at $150k and I don't have that much income right now. Things have not been go...
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