When a family member issues a second mortgage to another family member a...

purchasing a home is there a min rate that a family member has to charge another family member to lend them money?When a family member issues a second mortgage to another family member are they required...

rent and buy a new home

My husband and I would like to buy a house and rent out our townhome. We can put down 5% and both have over 750 credit scores. Our income is pretty high but we're worried we won't qualify because of our...

FHA and Prepayment question

We have financed our loan as FHA and had some questions .We went with the builder's preffered lender due to the incentives given by them.On the Truth In Lending disclosure,I noticed that the lender has ...

mortgage broker question

Hey Lender411... I've been working with a mortgage broker and he's telling me i need roughly 12k in liquid assets to close on a house that I am trying to buy for 131k and property taxes of $1353 in NY. ...

This is what the mortgage lady told me... what do you all think?

Hi, we're shopping for mortgages right now. I've always been told to steer clear of ARMs like the plague. You could get one today at 3% and tomorrow they could raise it to 50% just because. But yesterda...

We are first time home buyers with poor credit and FICO scores under 600...

Lower lender fees versus lower lender rates

I am getting a lot of different rates from lenders and am not sure how to view them. Those with lower interest rates have higher lender fees (by about $1000...5.25% vs. 5.37%). Is it better to go with...

Looking to buy my first home

My husband is self employed, and I earn $45,000 base salary with OT $60,000. We are looking to buy in Los angeles, from SFV to areas near downtown LA (there are homes in this price range) We would be 1...

How long does it take to get a pre-approval letter?

I saw a question on this site as I was browsing which sparked an idea. How long to get a pre-approval letter, and do you need to do it in person? And do you need to do it in the state you live? or where...

Open house, pre-approval

Is it necessary to be pre-approved before attending open houses? Can one attend open houses before finding an agent?

Here is what I want a new home, 15 year loan with no closing costs :)

I am planning on purchasing a new home and I need a great loan.The best deal I've found so is 4.5% with NO CLOSING COSTS through Fremont Bank. Do you think it is possible to find a better rate with NO C...

is this impossible?

My wife and I were just were turned down for preapproval for a mortgage although we have 20-25% down and would not exceed 30% of our gross monthly income because my wife has no credit. I'm a stay-at-hom...

self-employed, looking to purchase a home

Lender411: I have a question regarding financing/loan for a condo that am looking to buy in few months. I am in a very peculiar situation where I am just starting out my small-business and don't have a ...

buy our first home.

My wife and I are currently considering to buy our first home. We both have pretty good credit (730-740) and our combined income is $140,000.I'm a bit concerned because one, my wife was in school last y...

My first home purchase question

I'm interested in making my first purchase (200K condo) in San Diego with 5% down (10K) with FHA. do I need to get PMI? if so, how much is that typically?Now, is it even a good idea? I've been renting f...