Gifting Home After Death

A father added his son to his mortgage because he retired and could no longer afford the payments on his own. They both had 800+ FICO and completed a cash-out refinance. I'm assuming the son is a cobo...

Refinance with less than a year being employed

I just got a job on an hourly wage for the past 3 months. Is there any lender who would grant me a refinance? I tried with a few and I’ve failed at underwriting. Lenders want to see that I’ve been e...

Potential refi on our home

I am looking at a potential refi on our home in Arizona. We bought it with FHA down payment assistance last Feb 2021. We have to pay a prorated portion if we refinance or sell in the first 3 years. Curr...

Refinance to fund retirement, is it a good idea?

I was surprised by the mortgage rates in 2022 as I compared it with the rates I bought my first home way back 1987. This made me think about a refinance to fund my retirement plans. Is this a good idea?

Help with refinance plans

We bought a home back in 2008 which was our second home but became our primary residence from 2010 to 2019. We moved to another town in 2020 so the property became a second home once more. We are not re...

How soon after a borrower dies is an appraisal required?

Lowest loan amount in 2022?

What’s the lowest amount you can borrow for a loan in 2022? I’ve read some articles that say $60k while others say it’s $80k. How can I know for sure? I live in Detroit, Michigan and I plan to buy...

How can I avoid paying for PMI?

My wife and I are looking to buy in Long Island NY. We had a meeting with a lender and they gave us options. I don’t want to do 20% down payment and pay for PMI, is there a way to avoid paying for PMI?

Question on FHA loan

I have an FHA loan and I want to know if the underwriter will use the monthly payment amount that’s through an IBR plan if it’s under this COVID forbearance since it’s not a requested forbearance?

Bank statements loans

How much do I qualify for?

Hi, I look forward to moving to Florida from NY. I spent 2 years with my current employer but will look for a new job when I move. What will determine how much I will qualify for? Will lenders base it o...

I am applying for an FHA loan but I have problems with my address

I am currently doing an FHA refinance on my home. The problem is my license has a different address on it because I moved for a while but came back. I tried to get my address changed but they asked for ...

Having problems with our lender

Why do I feel like our lender is not giving us the best shot to buy a home? We found a home, put in an offer, the owner accepted the next day and we sent our lender everything. We are applying for an FH...

Can you do a cash out refinance with a 580 score?

What is the best loan option for me?

I live in sunny California and this is my first time buying a home. Is it essential to get a pre approval before I go on looking for a home? How much down payment should I save up for? What are the diff...