Home Loans Knowledge Base
home loans? are no income verification loans, still beig offered for home mortgages? or have they tighted that option up?
Home Loans? Looking for home construction or home purchase loans for people with credit that is poor. Any ideas?
Home loans? Does anyone know of a financing company out of Maryland or abroad that can i assist me with a home loan? I really dont have any credit and credit i do isnt substantial. I have been denied from several companies and i just need a low interest rate? So i can actually afford my mortgage.. PLEASE HELP!
HoMe LoAnS ?? I am trying to get a home loan, but my credit is bad and i dont qualify for a HUD home loan do to self-employment. i have about 5k saved for a down payment does that help? is there anyone who will give me a loan? ( i DONT have a co-borrower) most of my poor credit is due to major hospital bills. my score is in the low 500
How are home loans priced where you live? In your country, do you get home loans at a fixed rate for say 15 years? Do you have to pay a large penalty for pre-paying? If the loan is at a floating rate, what is it pegged to? Do loan rates vary according to individual credit profiles?
Will student loans stop me from getting a home loan? I am about to gain a $13000 debt in student loans. In about 6 months we are applying for a home loan. Will that student loan be applied to my debt to owe ratio? Will it be a factor when applying for a home loan?
What are the disadvantages of subprime home loans? I'm getting ready to buy my house. I know to do a 30-yr fixed rate. I'm just wondering what is the buzz about subprime home loans? It seems to really be hurting people and mortgage companies. What are the advantages and disadvantages? Thanks.
Why for home loans the banks are calculating the interest rate? I Check with the bank for the home loans,they told me 7.5% as floating & 7.25% as fixed,I need to know what is the difference between these two terms? If i take RS.10,00,000 as home loan & the loan period will be 5 years,so with the interest rate 7.5%,what will be the EMI Per month need to pay to bank. Please explain. Thanks, Ibrahim
Why aren't the mortgage companies and Banks resetting home loans to current value? I was told that the mortgage companies and banks are going to reset (re-write) home loans starting on Oct 1st. Why are they waiting so long? If they re-set the loans now they will receive monthly payments and people will stay in their homes. If they continue to wait until oct 1st more people will be walking out on their homes cause they cant make the higher payments. This same greed has caused the problem, the banks should take what they can now and not loose more money.
Why do people that do home loans get so mad when you shop around? I've heard a friend of mine <that does residential and commercial real estate loans> go completely nuts every time her customers shop around for home loans. What do these lender expect someone to just trust them when they say. <hey, don't be looking at loan numbers from other lenders or I'll kick you in the ding ding.
I want to know all about Realestae license and home loans? I wnat to know why you need a license and what areas you can start in without a license, some good ideas to get my foot in the door. Really I want to start a buisness of Flipping homes, I know all the labor end of the deal I just need help with the paper work end. How do people get home loans for this with not that great credit?
when you go online and apply for home loans does that count against your credit? my husband and i are looking to buy a house in next couple months and we are wanting to apply for home loans at a couple different places but not if it is going to count against our credit. is there anyway that we can just see what kind of loan and payments we could get without it counting against us? which places are the best to go to? i just want to see what kind of loan and rates we can get right now without any commitment and then choose the best one for us later.
Are education loans effected by our economy problems as well as home loans and car loans? I go to school online and I use education loans to pay for my education for the most part. Reporters talk about home forclosures due to loans and vehicle reposessions all the time, but I do not hear anything about education loans. Are education loans also affected by our slowing economy? I am worried if when I graduate, will I be able to afford the loans I took out for my education.
Is Bank of America Home Loans your mortgage company? If so, are you happy with them as they are today. They were formerly known as Countrywide Home Loans. Unfortunately they are currently my mortgage company so I won't be able to rid myself of them too easily.
What home loans do I qualify for? I know there are a lot for new programs for first time buyers,How can I find out all the loans or government programs that I qualify for when it comes to buying a home in california... I have a lot of qualifying factors, I am a first time buyer, I am a regestered member of a native american tribe, and I am low income. I dont have the BEST credit history... Can anyone help me determine my options.
What kind of home loans can I get? What kind of home loans can I get? My FICO is around 730 at all the credit bureaus. I live in Los Angeles and want to buy a condo in the Hollywood Hills in the $600k range. I make $100k a year. Do you think I will get approved for $600k?
How do home loans work with your available credit? When you check your credit score or report it shows that you have so much debt and then it shows available credit you have left if you were to get like a car loan or school loan. So how does a home loan fit into that. Do they go by that available credit or what they expect it to be within the regular 30 year mortgage period?
Where are the low-income home mortgage lenders that actually make home loans to families with low incomes? Where are these so-called low-income home mortgage lenders I hear so much hoop-la about? I've been searching for months and have yet to find one that actually makes these loans. Most won't make a loan for less than 100k. Others won't touch you if your monthly income is less than 2k a month. The rest won't touch you unless you have good credit. If your actually low income you can't afford to buy anything on credit (even if you could find someone to extend you credit), thus your credit is considered poor because you don't have any credit history. The catch 22.
What are some of the lending banks that help with home loans and bad credit? I HAVE A LOW 500'S CREDIT SCORE, WE HAVE BEEN A STRUGGLING FAMILY FOR YEARS NOW, WE HAVE 7 KIDS AT HOME, 4 ARE FROM PREVIOUS MARRIAGES.WE ARE IN THE NEED OF OWNING OUR OWN HOME, IVE RECENTLY GOT A PROMOTION AT WORK THAT ALMOST DOUBLED MY INCOME.BETWEEN THE BOTH OF US WORKING WE MAKE ROUGHLY 80 A YEAR. CAN WE STILL GET HELP WITH A HOME LOAN?
What is a wellness letter requested by the lender for VA home loans? My husband and I are about to close on our first home. My loan officer keeps coming back to me with what seems like unnecessary document requests. The latest 1 is a wellness letter from my husband's commander (he's active duty Army). Does anyone know what this is and what it includes? I appreciate all the help!
does anyone have any resorces on low or bad credit home loans? I am trying to find a home loan but i dont have good credit my score is pretty low and i dont have much of a down payment does anyone know of any place i could look to mabey get a home loan in florida? I am new to the whole process and dont know what to look for a lot of places say bad credit is ok but you have to have at least a 600 credit score?? I dont know where to look anymore. Thanks for the help.
Can someone help me figure out VA home loans? I am at Square One in the whole home-buying arena so I have no knowledge. I am stationed overseas with 15 months left before I go back to the states. I want to buy a 2 bed-room in Austin Texas (average home $190,000). I am active duty Army and can use the VA home loan. My credit is poor , but I have little debt besides student loans (I paid off my old credit debt). I know this is kind of vague but can someone give me a good place to start doing research and places that give good tips for first-time home buyers?
Any problems with country wide home loans? Country wide lost my house payment this month. I sent the check to the southern california adress and they say it never arrived. Their customer service was very poor and they could care less that it was lost and said the post office is not their problem. Has anyone else had this problem with country wide home loans?
How do they roll taxes into home loans? My wife and I are young college graduates, and with the falling housing market, home ownership is looking better and better. We live in NW Wisconsin, where a decent home will cost you $115,000 - My question is this; how does the cost of taxes play into this? The average home tax around here is $1500 - $2,000 / year here. Does this mean that our loan of say $100,000 becomes $160,000 ($2k/yr/30yr)
How can day-traders qualify for home loans? Technically, I have no employer. I can make $20,000 in a month, and then not make anything next month. Can you still qualify for a home loan with this source of income? Do state laws vary? I'd be interested to move to Texas or Maryland. All these answers suck thus far. Come on Y!A Community! You can do better. Someone please answer it good.
With this buy out proposal will it allow people who have faulted on their home loans stay in? With people who got their faulted loans refinanced by Fannie May (or however it's spelled) buy out the poor credit loans and they are looking at getting the buy out will that mean those who have loans faulted by them stay in their homes they didn't pay for? I mean I have a legit loan through GMAC why can't I fault on my loan and get my house for free? I am not sure if this is the truth behind part of the buy out is this true can someone explain?
Why does GE Money (Aus) refuse to lower their interest rates on home loans? I find it hard to believe that GE has not been able to decrease their interest rates on home loans when they have been very happy to increase them over the past year. How do they get away with it. They are not going to give any of the.. RBA's recent reduction. Very disappointing GE very disappointing
How do home loans work? Hey there, Lets say for example John Smith takes out a home loan of $500,000 for 30 years at 8.6% per annum. What does it mean by "... at 8.6% per annum"? Like does he have to pay 8.6% of the 500K each year or somthin? Cheers, totally clueless about loans
I want to broker auto loans from my home office, but have no ideal how to get started... advice, please!? I currently work in the mortgage financing industry. I would like to be able to refinance my customers auto loans along with their home loans. Many of them do not have the equity to pay their auto loans off and many have rates on them ranging from 18-26%. This would allow me to provide another beneficial service and supplement my income. Any suggestions on how to get started? Companies that employ auto finance brokers remotely?
Are there home loans out there for bad credit? Where do you find them? We have found the perfect home for very little money and need to buy instead of rent since our oldest starts high school next year. My credit probs are due to divorce and my husbands due to him being unemployed for a period of time. We can afford the home payments just can't find the loan. HELP!!!!
Are there any special (or cheap) home loans for first-time buyers? I'm not low income, just looking to buy my first home. Are there any options from HUD or whatnot for low-interest loans for first-time buyers? I'm pre-approved for 150,000 and have 30,000 for a down payment saved - but is there anything better since this is my first time? Thanks.
Does lenders every give home loans with ZERO closing costs ? 1) Are there any banks which can give home loans without charging us any fees,etc ? 2)They are already making 3 times our loan price at the end of the 30 years, why do they still take the other fees ? (originating,closing....etc) Then they should give us an option if you stay with the same bank for "x" years we will refund the closing costs
What to look for when shopping around for home equity loans? Any advice on what to look for when shopping around for home equity loans? Are there referral commissions? I have a couple of individuals looking for a home equity loan ... I told them I'd look into it for them. I'd like to find a quality vendor, but if referrals commissions are paid out, I'd like to negotiate for that too. How do I figure out what is a "great deal"? PS. I'll happily take general replies but this would be specific to Calgary, Alberta, Canada.
Using Home Loans and House Rent Payment slips for tax exemptions? I took a home loan and showing the Interest paid for Income Tax exemptions. Now, I have rented the house which I took over loan and getting about Rs.5000. But I am still staying in a rented house paying approx Rs.10000. Can I submit House Rent payment slips to my employer so that I get tax exemptions for the rent which I am paying.
What Happens to reminder of Home Loans? Ok, when you get a home loan for let's say $100,000 and you buy a house for only $80,000, what happens to the $20,000 you didn't use? Can you use it to renovate your house or what?
Can a home loan consist of two separate loans combined to cover one loan total? My sister is buying a home for 131,700. This their first home and they went through a company that supposedly finds them the best loan possibly for them and then the get a builder to start building their home over the next six months. Their credit score is in the low and mid six hundreds and they are looking at a fixed interest rate of 9.3%. the taxes are about 310 monthly and the insurance is 127 monthly. Im helping her go through the paper work and I notice that there are two loans being combined, one for 104 thousand and the other is around 27 thousand. Can you do this? I want her to know as much as possible because they are set to close on March 13, 2007 and I want to make they can afford this and that they are actually getting a good deal. They make over 4000 monthly. Please provide any information possible and thank you in advance for any responses. I would hate for them to get in over there head. The house has been built, inspected, and appraised already. They started this process in October I believe Yall are giving my sister and I wonder information. We are really appreciating this. I just found out that they didnt have a downpayment and they arent paying any closing costs. Also why wasnt they offered something like a first time homebuyers deal. Im a college student dormer so I dont know anything about home loans.
Whats the deal with first time home buyer loans? My fiance and I are wanting to buy our first house. We have heard about first time home buyer loans and that some of loan 100% with no money down. Is that true? If so where do we ask about it? At a bank or what? I dont know the first thing about buying a house, thats why I'm on here asking for peoples opinions/answers. Also, I live in Nebraska
More than one home equity loans at a time? I want to know if I can get more than one home equity loans at a time for a single house from different banks. Because I've applied for a home equity loan from a bank, but it seems to be not enough for me to do what I want to do with the money. So I thought I can apply for another equity loan from a different bank to double the amount. Is it possible?
Do you know of ant lenders who offer bad credit home loans? My husband and I both have bad credit (both from previous marriages). We both work and have stable jobs. Do you know of any lenders who legitimately offer home loans to people with bad credit. The place appraises at about 160K and we can get it for about 120K. Thankms for your help
How can I get one of those subprime home loans? I currently have a 30 year fix rate mortage which I have been paying responsibly. Can I refinance to get one of those high-risk subprime loans so the government can help me pay for my house?
Home loans in the US for indian property? Hello, I have a very basic question. I am an NRI living in the US. Is it possible to take a home loan in the US(from a US bank or institute) for a house/property in India?
Do you know anything about VA home loans? Seven years ago, a family member bought a condo with a VA home loan. The mortgage company sold the account to Fleet who stopped sending bills or coupons for payments. Essentially, they screwed my family member and after two late payments (it took 18 days to process because there was no payment coupon included) they started foreclosure procedures. Really bad company to do business with. She had no choice but to file bankruptcy. They forclosed on her in less then two months and the condo sat vacant for over a year and a half. No one helped her and the mortgage company even hung up on me when I called them. Can she qualify for a VA home loan again?
what kind of home loans are out there for first time buyers? we are looking at a house in southern california. it is our first house. we pay 1500 for our apartment right now, and everyone is telling us we should buy while the market is low. we havent even talked to an agent yet but we found a really cute starter home for 250,000. we dont really have money to put down, but we were told we can still look. are we wasting our time?
Income tax benefit to two home loans? I have already taken a home loan from HDFC, and getting tax benefit. Now I plan to buy a second house at the same place. Will I get a tax benefit for the second house also? Can I claim the tax deduction for both houses?
How much are payments for home loans? Me and my husband are wanting to get a house and make payments. Remax is selling one for 127,000. I don't know how the whole thing works you know like what all the costs are. I never bought a home before and were on a low budget and need more room for our growing family. I live in Lawrence KS where living costs are one of the highest in the state. This home is a forcloser. do I have to wait for it to be up for bid or can I get it now.
home loans? anyone know what mortgage companies do loans for not such great credit but plenty of equity in our home to use.credit scores near 600.
Does the VA give home loans without having a job? I want to get a house before I get out so I don't have to rent an apartment, but I can't get approved for a regular home loan because the banks can tell I'm getting out, and I can't get a job until I get to my new location. I don't want to get stuck in a 6-month rental contract over this crap.
where can I get first time home buyer loans? if I have no credit or not good credit what would be best interest to in order to get a loan for a home. Does this meet a ceartain finanacial level? Name websites or toll free numbers or a addresses where I can get free information on this. Thanks.
Has anyone used Home Loans Canada (HLC) before and if so did it benefit you? How was your experience and would you recommend it to anyone. I am wanting to get a loan and I have been talking to somebody through Home Loans Canada but don't know if I should go through with it or not. I am just wanting to know if anybody out there that had bad credit used them and if it was successful.
i have a question about home loans for first home buyers? hi, i am wondering ,as a first home buyer, is it better to have a deposit for your first home loan or is it acceptable to get one of those loans where you can borrow up to 106% and dont need a deposit, we find it very hard to save up for a deposit with three children and paying alot of money in rent,thanks for any advice.
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