How do I go about getting foreclosed home with mortgage?
Question by Tab: How do I go about getting foreclosed home with mortgage? Im 20 with limited credit but I have a decent job and married. Im looking at forclosed home but I was wondering how would be the best to get a mortgage, whats the best way. any advice?? my limited just means i havent estableshed much credit yet, i do have one or two things that im working on paying to build up my credit but im not sure if that is good enough to get a mortgage. Best answer: Answer by AmbrosinoWith limited credit simply had with a decent job?...
read moreWhat is some great advice about mortgages and house hunting for a first time buyer?
Question by GCharwood: What is some great advice about mortgages and house hunting for a first time buyer? I am looking for something that won’t make me a slave. (200K) I have 10% to put down and great credit. How can I avoid fees and get the best deal on a house? How do you bargain? How do you evaluate the property without getting hundreds of appraisals? Best answer: Answer by v bSeriously look at your budget. Even with the tightening of lending standards, banks will tell you that you can afford X amount of mortgage. They have...
read moreNeed advice about mortgage lender?
Question by A_247: Need advice about mortgage lender? I already got quotes for a mortgage from a commercial bank broker that has 1% origination fee. His fees seem reasonable. He said closing costs will typically be 3.5% of loan amount. But I noticed on worksheet of loan fees he gave us that the loan is being sold to a wholesale lender that he works directly with. The origination fees he quoted us was a 1% fee for his services, and a 1% fee for the wholesale lender to process our loan. Is this ok? Our realtor thinks we should shop around...
read moreQuestions about a qualifying for a home mortgage. (Need advice)?
Question by Andre L: Questions about a qualifying for a home mortgage. (Need advice)? Here is my question, I need 7 thousand dollars down for a mortgage. (I just paid off 40k of debt 2yr process). All loans are in deferment for 1 year. My lender told me that I make to much to qualify for a FHA (although I am have an hrly salary I made 77k on tax returns. I really make 61k but needed the second job to pay debts…it worked against me). In addition, I have a 2 month window before my student loans start to count and I CANNOT COME UP WITH 7...
read moreRealtor, mortgage people help! Need advice about getting a bank owned home financed!?
Question by IknowEverything: Realtor, mortgage people help! Need advice about getting a bank owned home financed!? We are already pre-approved and found the perfect house today. It’s bank owned and our lender won’t finance it because it doesn’t have a furnace. There has to be a way around this. Any advice? We have the money to put one in, but we can’t even put in an offer because our Realtor knows our lender won’t let the financing go through……grrrrrrr. Help! Best answer: Answer by dog maA house must...
read moreShort Term Cash Advice
Mortgage Advice FAQ’s