Banking Paperwork

My husband and I are finalizing our home purchase, we are going to try and close in June. When we are ready to apply for a mortgage how many months of banking statements will we need to provide?

I file bankruptcy and would like to apply for a mortgage I am starting a...

What exactly is the qualificatgion process for a reverse mortgage?

Do my parents need to have income and good credit? Is it as tough to get reverse moretgages as normal loans?

Do Town Homes Require A Special FHA Loan?

I know that some condos do require a special approval for an fha loan. Does the same apply toward town homes?

I work as a "freelancer", can I still get a loan?

Long story short, I have saved enough for a 20 percent down payment and have a good credit score. About five months ago I have taken a new job in which I am considered a freelance worker, under 1099. Ca...

Student Loan Rehabbed, now what?

I've had to rehab a student loan that accidentally went into default when I changed my banking information; Honest mistake that has bitten me. It has just recently posted back into good standing after p...

Has govenment stopped buying mortgages already ? Was it supposed to be ...

If so, how come it is not in the news? Will it effect the rates badly?

Can someone pelase explain the FHA "Streamline" refinance ?

Does that mean as long as we have not been late on our existing mortgage we do not need much documentation for our refi ?

Parent-funded Purchase Money Mortgage

Can i fund a purchase money mortgage in order to buy a condo for my college student-daughter to live in and have her claim the $8,000 first-time homebuyer tax-credit?

FHA Mortgage Insurance Premium - Is it Deductable

Hi, I was just wonderign when you get a FHA loan and with 3%, they require you to pay 1.5% Mortage Insurace Premium at the time of closing. Is this MIP Deductable. I know PMI is deductable if you qualif...

If we make a payment and it is received by the time due, can they deny o...

I have a 7 year ARM that is due to reset in August 2010. My current int...

I have a 7 year ARM that is due to reset in August 2010. My current interest rate is 4.875%. My ARM margin is 2.75%. My ARM index rate is 1.02%. My ARM index is based upon the Weekly AVG of the 1 Yr...

My lender is asking if I want my tax impounded. What does that mean?

Questions about PMI and reserves

First time home buyer with a couple of questions about PMI and reserves. Regarding PMI, I've read that after you have 20% equity in your house you can ask to discontinue PMI. I assume it's the bank tha...

WHat are the advantages of going with a broker? Would it not be cheaper...

Any explanation is welcome.