Will a lender do a cash out refinance at this time?
I was wondering if there are lenders who will do a cash out refinance on an investment property in Texas for $150k? The property is a multi family 5 unit home. Recent appraisal pegs the value of the p...
Looking forward to buying a home in July but I'm getting conflicting advise
As a first-time home buyer, I have a unique situation and would appreciate some guidance regarding my eligibility to purchase a home. I have received conflicting messages, which have left me uncertain. ...
Is it still a wise move to buy a new home?
I think I am getting closer to buying a home but I'm still on the fence. My score is 620 and credit is under repair. I have a lower payment on my student loans and my salary is quite low. I am looking ...
Do I need two years employment to get a loan?
Working as a computer analyst now and I plan to switch to a career in sales. If I pursue this do I still need two years at the same company? What if I change companies but have the same income? I'm al...
What are my options as a first time loan applicant?
Hi, I live in LA and I am excited to apply for my first mortgage. I have plenty of questions like what are the requirements and documents I need to submit? How about the current interest rates and the f...
What are the rules on getting a second FHA loan?
An offer was made for a charming little bungalow that's great for a retirement home. It's located in the neighborhood where I grew up and settling down there would be a dream come true. My question is ...
What mortgage is best for us?
We live in Denver and are renting currently. We plan to buy a home worth $375 to $400k. My score is 650 while wife is at 625. Our income is $180k a year and DTI of 39%. Cash assets of $4,000 Our scor...
Should we let the house foreclose?
My in laws are having problems with their loan. They still owe a lot on the remaining balance and they still have 12 years to pay off the loan. The home is under my husbands name but his mom is co-signe...
Are super jumbo loans the best option?
I am selling my home to buy my dream luxury home soon. I am buying in an expensive location and was wondering if a super jumbo loan is the best option for me. My current home is on the market for $19M a...
Can I add my self employment income to our mortgage application?
My wife and I are both W2 earners. I have a side gig that used to be full time in 2021 but sales have gone down 50% so I had to go back to employment. I have 2 years worth of tax returns on my business ...
I need clarification with my plans to do a HELOC on my home
I've been getting conflicting advice and I want to get clarity on the matter. I bought a home in 2021 but it was too small coz my family got bigger. We moved out and my wife ended up buying another hom...
When is OT pay considered when buying a home?
My hubby works in the same industry for 7 years now and we moved to FL last April 2022 for his new job with a new company. Lender told us that since he was not working for his new company for at least 2...
How can I get accurate rates?
I am under contract for a home in Cali. I have been keeping close tabs on mortgage rates and I'm confused since news articles report completely different things. Business Insider mentions a 30 year fix...
Refinance question
Hi everyone, happy new year! I have a home repair and 203b refinance question. Will the current condition of my house prevent me from refinancing my current FHA loan to a 23b loan if I fail to meet FHA ...
What's the best approach in my situation?
First time to buy a home and found a place that's perfect for my needs. I'm working with my agent to make an offer. Property costs $390k and there are minor issues that I would like the owners to addres...
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