No work during COVID and having a hard time getting a loan

What are our options? We have been applying for a mortgage but to no avail. We worked in the restaurant industry during the pandemic and we didn't have work from March 2020 to Jan 2021. This scenario ha...

Buying property out of state

We plan to buy an investment property in Arkansas and we have questions. Is it normal to charge a loan fee on top of the loan? A lender is asking for a $3k fee for a 20% down payment. Do we have to deal...

Question about a reverse mortgage

My parents have a reverse mortgage and they plan to sell their home. Will they get the equity if there is extra money made on the sale? Will the lender get the money above the mortgage payoff? TIA!

A 1099 employee who want to apply for a loan

I am a 1099 employee and I have been trying to buy a home but I keep on encountering problems with lenders. I have many deductions on our taxes which makes my income look very low. Would it help if I ta...

Can I modify my loan to lower payments?

I don’t want to refinance my house, so I was planning on lowering my payments by modifying my existing loan. Do you guys have any experience with modifying a loan before? Is it worth it?

I offered more for this bank property than the buyer who got it.

I have been retired for 10 years and I have received a pension since I r...

Need help on what type of loan to get

I don’t have an idea what type of loan I need. I am looking at a $600k home and have $100k on hand for a downpayment. Do I choose a private lender, bank, or broker? We see that rates are going up and ...

Are appraisals needed for government loans?

I’m in the middle of closing a deal on a home with a VA loan. My agent isn’t that knowledgeable with VAs so I need some help. Does anyone know if we can do away with the appraisal in the initial con...

Lender won't approve due to tenure despite lockdown

My husband and I worked in the same casino for a decade. We have never been late on payments with credit scores between 780 and 820. We owe less than $2k on credit cards and no car loans. We tried apply...

Lender rejected loan due to low appraisal

My client's private lender informed her that they did not approve her loan because of a low appraisal. I didn’t know that this would happen since it wasn’t mentioned to me and my client back then, n...

Is mortgage insurance and taxes included in mortgage payments

Is mortgage insurance and taxes included in mortgage payments

Is it ok to have 2 lenders checking rates for me?

I am purchasing a rental home and my agent referred me to 2 lenders. I will be getting rates from various sources. Is it ok to have 2 different lenders checking rates for me? Assuming they both need a h...

First time buyer looking for lender who has experience with a VA loan

Hi, I am looking for a lender who has experience with VA buyers and who are also in the market for the first time. I plan to buy my first home in 3 months and I need someone who can help me out and figu...

What kind of loan is best for me?

I moved into my cabin permanently about a year ago. Over the last year I have put in a new well and septic system as well as a new furnace. I am now looking at adding an addition, a garage, and new sidi...