Should I refinance?
I have 7 years left on a 15 year mortgage. I owe $90,000 on the loan and my home is valued at $450,000. My rate is 5.0 % I'm looking to refinace a higher $ amount because we need many repairs to our ho...
Getting a mortgage on a flipped property
I am interested in purchasing a triplex (30k annualy in rent) that is currently priced at 350k, but the seller bought it in November for 280k (looks like they went under contract in August so im guessin...
Selling property for more than purchase price - problem getting a loan
I purchased my property in November 2010 for 280 and since then have put in a significant amount of work into the place. I was planning on putting it on the market for considerably higher than i purcha...
FHA Mortgage Insurance Premium - Is it Deductable
I was just wondering when you get a FHA loan and with 3%, they require you to pay 1.5% Mortgage Insurance Premium at the time of closing. Is this PMI Deductible. I know PMI is deductible if you qualify....
Is it hard to get approved?
Anyone finding that the banks are tightening their reins? We were approved for a loan 3 months ago but now are needing our ratio to be below 36% our FICO score is in the high 700's. I'm wondering if i...
Underwater 1st home - Buying another
Our current home in socal is 200k underwater. Family has grown and we need a larger home. We plan to buy another home as primary residence, in pretty much same community we live in as the schools are ph...
Revealig my assets
When and if I apply for a loan, is it necessary or required to disclose all your asset or just enough to cover downpayment + closing cost. Let's say if I have savings/cd accounts with multiple banks, ...
OK to use Home Equity credit line for down payment?
I've got about $3k in equity in my current house. Instead of a mortgage, I have a Home Equity Line of Credit, with roughly $160k available for withdrawal. I'd like to move to a new place. My plan would ...
Pre-Approval without a hard hit?
Hi,Where can I get a pre approval letter without a hard hit on my credit? I have attempted to get a pre approval via my bank, but notice that my credit score decreased after the bank pull. I lost around...
How Many Mortgages Can I Carry?
I currently have 4 mortgages. Does anyone know how many more mortgages I can carry? Any specific lenders or mortgages folks who have experience with this?
1st & 2nd - no equity
Do not qualify for HARP because LTV is too high and do not want to be late and try to qualify for HAMP. Freddi Mac owned and mortgage companies will not combine the 2 for the same reason (or refi the 2...
Options for 1st & 2nd & no equity
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