Shouldn't the applicant be involved and/or aware of ALL activity at LEAS...

Why am I having a hard time getting approved for a loan?

I want to know why it's so hard for me to get approved for a loan. I make around $60k a year and I have decent credit scores in the mid 700s. I do have a car payment and not so much savings. Could this ...

Lender is telling us to increase our credit scores to qualify

We are buying a nice studio apartment down town but encountered a hitch with our loan. Lender says that we need to increase our credit scores to qualify for a $250k loan. Our score is at 630 currently a...

Is a cash out refinance a good idea right now?

Hello, I need help as I plan to do a home remodel. Is a cash-out refinance a good idea given the market situation right now? I also need to pay off some high-interest debts and pay off my HELOC as well....

My family doesn't want their info released and it may cause me my loan

I got an FHA loan and had an offer accepted by a seller. I need $25k for closing and got a 5k gift from my grandma and 12k from my mom. The problem is my lender is asking for their bank statements and m...

Two homes refinanced with lender demanding final payoff amount

I have two homes and I’ve refinanced one time so far. I’m in the process of going through a second refinance on my main house. I decided to refinance because of a lower interest rate and the removal...

wanted to confirm that we will need to do a refi on our new construction...

i am assuming my mother's mortgage and the closing cost are close to 12k...

Need advice regarding my son's home purchase plans

I want to get a consultation about a home purchase. My son and his wife have their house on the market in California and they plan on purchasing a home in the Boise, Idaho area. My son’s wife will sta...

Refinance question after several years

A couple bought a property for 100k with 3% down. If the couple attempts refinancing in several years and the balance is $80k, will the new lender question the payoff amount of the previous loan? Is it ...

Will I have issues during closing?

Hello, my wife and I are closing a house in two weeks. We’re debt-free except for an Amex which we pay in full monthly. The loan processor contacted us 2 days ago and told us that the underwriter want...

Can a lender help me rebuild my credit?

I’m currently trying to rebuild my credit, I have not missed a payment or had any new collections in the past 12 months and I only have a few lines of credit as of now. I plan on buying a house a year...

Hubby lost his job as we near closing on a house

My husband and I are in the process of purchasing a house but my husband lost his job and we thought that the lenders might consider it a deal breaker. But, my lender informed me that they will move for...

Are commercial loans cheaper than residential?

I am eyeing a ten-unit complex and got a quote from a lender at 8.5%. I talked to a friend and he told me he was getting rates at 5.5%. The SFH market in our area has rates ranging from 6 to 7.5%. Is co...

Running out of options to fund our multi unit property

I just applied for a new construction loan with a local bank but they said that they don’t offer 10% construction loans for multi-unit or duplexes. We are building a duplex as our primary home and weâ...