Forbearance extension?

I just bought a new studio apartment in San Francisco before the pandemic started. I got laid off early this year and since my loan was federally backed I was able to apply for forbearance. The problem ...

Closing costs too high?

This is my first time to refinance my mortgage and I came across an item named Delivery Fee under Origination Charges. The fee is $15k for my $420k loan. This makes my closing costs $25k which I find to...

I bought my first primary home, can I rent it out before the 12 months p...

Loan application this pandemic

I plan to buy a studio apartment in the $100k range but I recently lost my job due to the pandemic. I have $80k savings in the bank and I currently live with my parents while actively looking for work. ...

Loan approval delay due to appraiser

I’m having delays with my loan approval since an underwriter from my bank has asked for a clarification from the appraiser and has not gotten any response at all. I’ve tried calling and emailing but...

Senior buying a condo

I plan to buy a condo next year and I want to know which mortgage is best for me. I can handle payments for a $150k 15 year mortgage but would prefer a 30-year loan for lower monthly payments. I am 62 ...

Do I qualify for USDA loan?

Hi, I’d like to know if I qualify for a mortgage and what kind of loan should I look into. I earn 90k a year with my current employer and I’ve been here for 10 years. I saw an ad for a rural home in...

How much to pay for closing costs?

This would be my first home purchase after coming across a beautiful home that costs $300k. It‘s close to where I grew up as a kid and I would love to retire in that neighborhood. My yearly income is ...

Loan under my name to help parents

My mom and dad want to retire in California from New Jersey. They applied for a mortgage but didn’t get approved since their debt to income ratio is too high. I, on the other hand, got approved for a ...

Need help on what offer is the best

As a first-time buyer, I am shopping around for the best mortgage rates. So far two options stick out. A 30 year fixed rate worth $425k with 5% down. One option has a 2.6% rate with no lender credit whi...

Pay in Cash or Apply for a Mortgage?

I saw this new real estate development in my old neighborhood in Kansas and I fell in love with the available houses. The prices are pretty good and they are offering a good deal for $150k. I am torn be...

Can I get approval for a loan?

My wife and I want to move from our current home into a new home we just saw in an ad then sell our old house. The new property is everything we have dreamed of and we can’t let this chance pass. What...

Can I get approved for a mortgage with job security problems?

My family is building our first home in Austin and we want to know if we get pre-approved on a loan but end up changing jobs would we encounter problems with closing? My current job is experiencing prob...

Best mortgage with 20% down payment

A first-time home buyer here and I am excited to go house hunting. There is a new real estate development in our neighborhood and I would love to buy a new home there. With so many mortgage options out ...

Reverse Mortgage for Dream Vacation

I am enjoying retirement and I plan on going on a dream cruise around the world once the pandemic restrictions ease up. An agent recommended a reverse mortgage for funding my dream vacation and I’m ju...