Need help with our situation

We have a home under my parents’ name as parties of the first part(Grantors) and my parents’ name plus my name as parties of the second part(Grantees). We got the first loan under my parents’ name...

We bought as joint tenants, in 2010 I signed a quit claim deed but he st...

Do I need to pay PMI?

I can afford to put down 20% for a new studio apartment in our area. Am I required to pay for PMI in this case? I heard that you usually pay for PMI to protect the lender, is this true?

Should I get pre approval first?

My credit score is 591 and I plan to apply for an FHA loan soon. I have no late payments on my debts for the past 2 years with $7k savings that I plan to use on closing costs and other house expenses. I...

Loan approval without loan verification?

My wife and I are looking to refinance our home wherein we have built around 50% in equity. The problem is we are both self employed and we want to know if we can use the last 2 years of our income tax ...

Buying a home after a divorce

I have an eye for a lovely home worth $500k. I can afford a $350k down payment but I have no documents for a loan since I am currently unemployed. I have a 20 year track record of good income. I just go...

Sell or get a 2nd loan?

We currently own a home and are selling it to buy a new one in Missouri. It sits on a 40 acre lot with a pond with an asking price of $200k. Should we get a 2nd loan to buy a new property or wait for ou...

What a bout if this second loan is old is not in my credit report

Where to find the best rates

I am ready to buy my first home and I want to know what the best websites are to check rates other than Bankrate. I want to get an idea of the prevailing rates before I shop for lenders. Thanks in advance!

Help in choosing the best deal

It’s less than 30 days from my estimated closing date and I need to decide on a lender. There is an incentive if I choose the builder's lender which is $3k less in closing costs. Another lender is off...

Question on Points

I have received quotes from my lender and some are in points. I am not familiar with this and I want to know how much I am paying with points? How much are points? Are paying points any good? My quotes ...

Choosing a family member as broker?

A close family member owns a brokerage company and just got licensed in our state a few months ago. I am buying a house in a few months and I was wondering if I can save money if I choose him over other...

Can I use bank statements to verify income?

Hi everyone, I live in Limerick, PA and I am a car salesman. Last year my income was $90k and this year I am looking at $120k. The problem is I write off around 40 to 45% of my 1099 money. This means th...

Cash or Finance?

If you have $350k to buy a house and the house you want is worth $325k would you pay cash or finance a portion of it? I plan to make the property into an investment home while being a primary residence ...

Plan to make my first home purchase this year

For context, I am single in my early 30s and I want to make my first home purchase this new year. A lot of my friends are buying their first homes and I want to start building my portfolio as well. The ...