What is a HELOC?

How does a HELOC work? I inherited a home and have heard this term tossed around a lot when I ask about trying to get money out of the house. The house is paid in full and I just wanted to see what exac...

Unaffordable mortgage payments, need help

I cannot afford my monthly payments anymore, I have a 300,000 mortgage with 280,000 left on it. The house was worth 350k when I bought it, now worth 245k. I know I can't refinance because of LTV limits,...

Need a home equity loan.

How long does it take to get a home equity loan? I have a fully owned house worth roughly 200k and I would like to get a loan of 15,000 to pay off credit card bills and to put a down payment on a car. W...

I lost my house 2 years ago, come this may. My credit score is about 646...

Our LTV is above 125%, is there anything we can do, we have a FM loan

We have a first mortgage amount of 208k with 5.5% fixed with Chase, a second mortgage amount of 75k with 7.5% with Wells Fargo. Our estimated value is only 169k. We are halfway through a chapter 13 bank...

Which loan would be better for refinancing?

Would a 3% 3/1 VA ARM, annual cap of 1% and a lifetime cap of 5% be better to a 4.25% FRM for 25 years in order to lower my monthly payments? I plan on keeping the home for the rest of my life.

Can we buy a 65k home with a 50k combined income?

My wife and I are interested in buying a fixer-upper in order to get a couple of acres. We don't have much saved but we can put around 15% down on a home that's valued at around 65k. My credit score is ...

203k loan, need to finance a well into the loan

I'm hearing conflicting advice from my real estate agent and my bank. here is the situation. We won a bid on a HUD home for 105,555,with 1600 for escrow. the apprasial was 104,000. The house was being o...

California Jumbo Refinance

We have owned our house for the past four years and it's current value is $1.5. We have $1.3 left in the loan balance, so an LTV of 85-90%. We are currently paying an interest only loan and would like t...

Refinance with cash out on a condo

I bought a condo back in July, 30 years at 5%, I'm looking to refinance for 20 or 15 years and take 5% cash out. Do I have to wait 6 months, and my credit is 805.

Here is my questionwill a mobile home qualify?

will a mobile home qualify?

Refinancing problems with a condo in a three-plex

I live and own a condo in a three unit building with the other two units being owned by one person, who currently is renting them out. I keep getting rejected for refinancing because 50% of the units ar...

Home equity loans for out of state properties

My LLC which I own has three residential properties in Michigan, while I live in California. Two of the three properties are in horrible condition, the other is a duplex which produces $1500 every month...

FHA Loan completely underwater, any help?

I have a home currently worth $73,000 on todays market, but my loan is for $154,000. It is FHA and I have been here for 3 years. Do I have any options? I haven't been late on payments and my credit is g...

Second home mortgage with a rented out first home

It's been about 14 months since I got financing on my first house and since about six months ago I've been renting it out. Now I'm interested in getting a second home, and I was wondering if I could use...