We are headed to ID and are looking at a VA loan for the house. Yes, we are Vet’s. Does anyone know what the current 30 year fixed rate is? How does the loan program work? Info is hard to find on the net- hard to believe.
Posts Tagged ‘They’
Can they denied you a home loan if you already have a student loan?
29
Jun
Im trying to purchase a home but already have a student loan?
My loan is deferred, Means i dont have to pay for it because im still going to school.
How does a person relocate and get a home loan without a job in the place to which they are going?
27
Jun
We want to move to a different state, but are having trouble finding a qualification for a loan because we have no established income there. Is our only option to go and rent until we have jobs, or am I missing some resources…We would have a down payment on a house, but no verifiable income for a month or two. Our credit isn’t terrible, but it isn’t perfect, either…Kind of feel stuck here. Looked into Low Doc loans, but credit needs to be close to perfect. Please let me know if you know something I’ve missed. How do other people do it?
Dumb Question, I know but, If an owner is selling there home, how do they get the equity from it?
25
Jun
I don’t know too much about equity. I know what it is, but I don’t know what happens with it. Is this cash in the owner’s pocket or is it just used for their a new home purchase. Why do people have Home Equity loans?
Why are home loans structure the way they are?
05
Jun
Generally speaking if I could afford to make the payments why can’t I get a loan more like an auto loan for a house. Why are houses so different when it comes to financing. Its still possible to get a house in some areas for 60 to 80k. I could get a loan for a car for 50k and not have to worry about points and 30 yr morgages and all the other jazz, just pay the loan. A house on the other hand gets treated differently, why is that.
can someone file constructive equity if they signed quit claim deed?
04
Jun
bought house together and he made bad decision and credit went bad. bank would not give mortage loan with him on loan. he decided to sign quit claim deed to me. we split up a few years later and i ask him to get the mortgage out of my name and i will sign over to him. he said no he is going to sue me for constructive equity. can he do that when he has the option to purchase home?
also we never got married.
We want to refinance our mortgage, but we need to use a ’stated income’ Are they even available anymore?
04
Jun
We refinanced, with cash out, about 9 months ago. We qualified through our Stated Income. We paid off all of our credit cards and outstanding bills and tax issues. The rate is adjustable and very high. Our plan is to stay in this home for approximately 7 more years.
The payment is manageable, and we pay extra toward the principal each month, but we want to refinance and lock in for 30 years at a better rate.
We have well over 50% equity, and will maintain that equity if we refinance.
Problem is, we will only qualify with our ’stated income’. Is a ’stated income’ loan a thing of the past?
I tried to apply for a home loan through lending tree, they said I did not qualify due to requested amount?
23
May
Can I turn them in under Equal Lending Laws? In essence, they are saying because I cannot afford a more expensive house, I cannot have a loan. They did not even consider my credit worthiness or debt ratios.
BTW…I was requesting 80,000 for a primary residence.
Also, if you are answering no, can you tell me the loop hole that get them around denying based upon the amount requested.
I was just going through the pre-qual process…when I said I was only looking at 80k range they said it was too low.
Will the interest rates fall back to where they were last week or wil they continue to rise?
19
May
Home mortgage rates and equity loans to be more exact. They seem to have gone up almost a full percent in the last week. I thought the fed res was supposed to lower the rate to boost the economy.
A friend of mine owned two homes. Can they sell one and payoff the other without incurring taxes?
19
May
Hi there, a friend of mine owned two homes with mortgages on both. He lived in one home (Primary Residence) and his wife (Works for a non-profit company) goes and works out of city for two days a week and she lives in that second home while she is out of town. Recently, the friend died and his wife wants to sell one house and use the equity to pay-off the mortgage on the other house. Will she have to pay taxes or is there some kind of survivorship/death laws that help a widow out? They live in Ventura County, CA
Thanks!
Can you refinance your student loans if they are allready consolidated?
04
May
Student loan payments are in excess of $600 per month, is there anything that can be done about this?
anyone had problems with irwin home equity and refinancing loans they hold?
28
Apr
I have a 2nd mortgage with irwin. 3 years ago i declared bankruptcy for medical reasons but did not reaffirm this mortgage. I did not know that i needed to and Irwin was not present at the hearing. they have tried to foreclose which I stopped and now they won’t let me pay off with a refinance but won’t disclose why. Anyone else have similar problems?
are FHA home loans as Peachy as they sound?
27
Apr
Im 21 years old 30,000 income and plan on buying a home in 2years with my wife and son. I plan on having 15,000$ before entering process. FHA loans look like the choice for me since im a first time home buyer and dont want to put 20,000 down for conven.loans i want a 200,000 $ home here in alaska and the fha limit for the area is 268,000 what are the strict rules of fha they most people dont know before going through the process. basically any info you guys can give my so i can walk in the office one step ahead well prepared. thank you
Are home mortgage loan rates going to continue to go down? Or do you believe they are at the lowest point?
26
Apr
A local bank here is at 4.85% apr on a 30 year mortgage with zero points, do you believe they will continue to decrease or will they turn soon? thanks!! Why?