Should I get pre-approved?
I'm buying in a hot market here in Michigan and the homes are selling pretty fast once they are placed on sale. I've lost out on a few offers and I was wondering if I should get pre-approval to give me ...
Are my calculations correct?
If my monthly payments are $827 a month and I want to pay off the loan faster, will paying $827 more towards the principal allowed me to pay off the loan in 10 years? The principal is $120k balance at $...
Do I need to put down 20%?
Is it really hard to get a mortgage for a second property? I’ve been trying to sell my current home but there are no takers so keeping it as a rental and buying a new home to live in is my next option...
Should I get a bridge loan?
I’m selling my primary home and looking to buy a new one. What is the best loan for my situation? My lender offered a bridge loan so that I would be able to purchase a new home and move in at once. Iâ...
Looking for lender with higher DTI requirement
My grandma passed and her home is being offered to me. I have a credit score of 580 and make around $90k a year. I get rejected when I apply for a loan since my DTI is high, are there lenders who offer ...
Investing in student housing
I have an opportunity to invest in student housing but my lender said they can’t do refinancing. I plan to purchase a multi unit property with cash rent it out to students and refinance so I can pull ...
Buying a vacation home in Michigan
I want to ask about the smartest way to purchase a vacation home? We have no debt except a current mortgage which is a 15 year oan at 2.75%. I pay $2,050 per month. Credit score is 770 and I have around...
Should I buy my ex out from our joint mortgage?
I need advice regarding my situation with my ex. We got a joint interest mortgage 10 years ago but we split a few years after. We decided that he would pay for the loan and we would consider that his su...
Got lending disclosure packet with zip code wrong
Hi everyone, I recently got the truth in the lending disclosure packet from my lender, while I was inspecting it I noticed that the zip code of the house was incorrect. I told my lender that it was wron...
Can we get a 2nd loan modification?
About a year ago my wife and I got approved for a loan modification. Our incomes recently decreased and we’re struggling with paying the mortgage. Is it possible for us to apply for a 2nd loan modifi...
My client can't get financing
Can someone help me? I sell investment properties and one of my clients who own multiple houses can’t get financing, even with 20% down. The properties are SFR townhomes in Charlotte, North Carolina a...
Should I close accounts or keep them?
Someone once told me that having many open credit card accounts isn’t good, even if the credit cards’ balances are zero. Are they right? I know having more credit cards with a great history and zero...
Can I get a loan even if I work overseas?
Hi guys, I was wondering if I can get a loan with my income abroad. As you guys can see, I don’t work in the U.S.A.. If I could still get a loan even though I work abroad, what are the steps I have to...
How much house can I afford with a VA loan?
I’m a single man in my late 20’s and I make $72,000 a year. I was wondering how much house I can afford. I’m also a veteran that gets a property tax exemption. Do you guys have any clue how much h...
Hoping to avoid PMI as much as possible
Hello, I have a question about something. Do RMDs count when qualifying for a mortgage? My wife’s social security check will be $1150 monthly. I make $32,650 yearly, but that money comes from a new jo...
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