Applying for a loan after a divorce
My wife and I are getting a divorce and we both have a mortgage currently. If she stays in our home I plan to buy a condo for myself. Will this hurt my chances for a new loan application? I just paid of...
Was getting a 2nd quote a mistake?
We are finally applying for a VA loan after some pretty awful years where we have taken hard hits on our credit. We got a pre approval and underwriters are looking at our documents at the moment. We tri...
Looking for lenders who can offer low down payment
I am looking for lenders who offer better than a 15% to 20% down payment for a conventional mortgage on two investment properties in the Atlanta area. Right now I am dealing with two preferred lenders a...
Conventional loan requirements for 5% down?
Does anyone know the requirements for a conventional mortgage with 5% down payment? I believe that lenders have different rules and requirements. I have an FHA loan on a duplex I currently live in and o...
How do I pick the best lender?
Are there any pointers on what to look for in lenders? I’ve talked to a local mortgage company and we’ve had a pretty good conversation about what they can offer. I don’t have the time to talk wit...
My gf and I bought a home, what happens if ever we break up since we are...
I have been living in my current home raising my kids for the past 10 years. A year ago my girlfriend got financed for this home and we are both on the deed. Does she have rights to the house when we br...
Debt payoff questions
Hi everyone, I have a question on mortgage approvals and debt payoff. I am currently in a revolving debt of around $50k with credit utilization of around 90%, zero late payments and scores are 750s. I p...
Need help with my loan application
I sold my house last year and made $5k profit. Since then, I’ve had late payments and a car repo that I need to start a payment plan for on a settled offer. Current scores are 549, 529, and 472. I wor...
Can a lender change the points after you've locked a rate?
For my $495K refi, my lender changed the points from $1,300 that was in the rate I LOCKED, to $6,000. They said that it's because I estimated my home value at $1.3M and the appraisal came in at $1.25M...
credit score 619 spouse 600
Want to refinance have about $125,000 equity is that workable
Question about PMI
I was wondering if a lender can still charge PMI even if the borrower already has 20% equity in the house upon purchase? I am new to home buying and I want to know how I can do away with paying PMI.
Refinance options?
I bought a home that I used to rent for P80k in cash. I’ve done a lot of work in it and had it appraised at $180k. I plan to do a cash out refinance but lenders require that you own the house for 6 mo...
Investment condo in escrow
I have an investment condo in escrow located in Houston TX. The buyer was applying for an FHA loan but did not qualify because of HOA not meeting the FHA requirements regarding insurance. Any thoughts?
Condo that's not FHA certified
Real estate investor here asking if a cash out refinance for a rental condo is more complicated than a cash out refinance for a rental house? What if the condo association is not FHA certified? I don’...
Sell before purchasing a new property?
My family and I are renting in Naperville IL. We plan to buy a new home here but we’re not sure if we qualify. Our budget is for a 450k to 500k home and we can put down at least 10%. Credit scores fro...
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