 Summons to court for debts I did not make!? |
Has any of you good folks had a similar experience?
I was awakened today by the doorbell ringing, when I went down I saw a car driving away and a pile of papers attached to my front door. When I... |
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 I just moved into my rental house and on the 2nd night I saw a roach!!!Can I break my lease? |
| They have arranged for pest control but I don't know if I want to live in house that has had problems and possible continuing problems with roaches.... |
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 Its first time Im going to be showing potential buyer some homes, What should I do to prepare? |
Additional Details
I realize that I am selling a home and what not, I should have clarified. Like what should I put in the Buyers packet, should i get the guy under contract, what ... |
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 How do I remove one person from a mortgage, and add another? |
| My boyfriend and I are getting married in a year. He and his brother own a house. His brother wants to move, and we want to stay. How do I get the brother off the house and pay him his share of ... |
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 Called the landlord but still I have no heat, what can I do? |
| Let me start out by saying I live in the state of Missouri, I know laws can vary state by state. Also I'm in no way wanting to screw my landlord over, I just want to do whats fair and have him ... |
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 Never Signed a Lease ! Never Moved In !? |
| New Hampshire RE Rental question? I placed a $200 deposit for an apartment. The landlord and I could not find time to meet to sign the lease. He dropped the keys and lease at my current apartment. I ... |
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 Looking for grants for first time homebuyers? |
| I am looking at grants to help me purchase my first house and was wondering if anyone has herd of this site FreeGrantSearch.com? I go to it and they say that x amount of dollars is available in my ... |
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 Is it legal for a landlord to demand to be added to your contents insurance policy as an interested party? |
| My landlord is telling me that she needs to be added to me & my wife's contents insurance policy as an "interested party". I have serious doubts over this as I don't know if ... |
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 Should I get an FHA loan? |
| My credit score is about a 690. I can afford about a 10% down payment. My question is, should I get the FHA loan, or should I go with a coventional loan? Either way, I would like to do a 30 year ... |
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 What exactly is Payoff balance for a mortgage? |
| Specifically i would like to know why it is different than the principle balance, i can only expect it will be higher than the principle balance? But generally speaking how much higher? I know i ... |
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 Should i just abandon my house? |
| well, 2 years ago i bought a fixer uper house, and for the last year ive been trying to get a permit and ive been denied and denied and denied because federal law from FEMA says i cant build big ... |
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 If i have bad credit rating will it affect my partner getting us a mortgage, he works and im stay at home mum? |
Additional Details
we are not married, but when i was phoning the bank for my partner i asked her if my credit rating would affect it and she said no as its different when it comes to ... |
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 I have put in an offer on a house, now what? I am worried that I will not qualify for any loans.? |
| My husband and I are trying to qualify for a FHA or First-Time Buyers mortgage, but I am worried. He has awesome credit and I have weak credit. Can we still get a house?... |
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 Can't get guests to leave my house and Arizona law says I have to follow eviction route - please help? |
| Alice and her 19 year old son came to Phoenix from New Jersey in May looking for a fresh start, I let them stay in my home. Now three months later, I've been totally disrespected,am owed money, ... |
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 Want to sell duplex in florida, but tenant is giving me a hard time. What can I do? |
| I have a duplex that I would like to put up for sale in Florida, but my tenant on one side of the duplex is giving me a hard time. She signed a lease in February of 2007 and was told prior to ... |
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Amy T | Can I qualify for a home loan ? |
My husband and I have applied for a home loan and we are not too sure we are going to get it. His mid credit score is 579 (all debt is paid) and mine in 500. We have a combined income of $100k and are trying to buy a home for $265k. With our scores is there anyone who would take us? We are trying for FHA. |
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krohnjack
 |
Find out what your FICO score is and see what you might be able to do quickly to get it up 50-75 pts-it really makes a difference.
If you are in the market for a mortgage, home equity loan, or refinance
http://www.m-o-r-t-g-a-g-e-r-a-t-e.com has some great information. Find
out how to get up to 4 FREE No Obligation Mortgage Rate Quotes.
Good luck |
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Chris Burns
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Yep. Based on your info you would qualify for the My Community program. Get you a 30 year fixed rate below 7.5%.
Only missing info is your past rental history. I'm also assuming your a first time home buyer.
Do you have 12 months cancelled checks or can we get a verification of rental history from an apt complex or property management company? if so should be easy.
loans@fivestarsmortgage.com |
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novastarbanker
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Fha may be the only way to go with the fico scores, as FHA in not a credit driven loan. Depending on how much money you have for a down payment, there are other lenders who will execute the loan, but you would be required to put down anywhere from 10% to 15%. The advantages of FHA is that is a government insured loan, but you will have to pay an additional amount for MI or mortgage insurance which could effect your payment quite a bit, depending on how much you actually finance. With a substantial down payment and proving your income for a full doc loan, you can get a loan through a conventional lender but the rate will not be too attractive. I may have options for you if your interested. Email me at thenderson@acgmoney.com. Good Luck. |
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Mortgage Advisor
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Chris Burns is almost correct. The FannieMae backed MyCommunity loan product is an outstanding product for underpriveleged (with credit) homebuyers. However, the product requires borrowers to be under a set income bracket for the area you are about to purchase your home in, unless the home qualifies for the MyCommunity loan through FannieMae's geocoder.
The standard minimum credit score for MyCommunity is 620. Now if your score is under the minimum requirement, then there are requirements that FannieMae seeks. First, you should not have any public records within the last 24 months, nor any serious delinquencies. If so, they should be close to 24 months as possible. Also, you should have a significant amount of liquid assets in a checking/savings, 401K/IRA, etc.
The home value you are trying to purchase depends on your total DTI. I'm assuming that the past loan professional you consulted, qualified you for a $265K loan. Also remember that you need some cash for closing costs, which can be worked out with a good realtor (seller's concession). If you have any further questions, feel free to contact me at my email. Best wishes to your search for a new home. :-) |
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Cindy
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If you have paid off your credit cards, I suggest that you charge something on at least one and pay it off at the end of the month. It sounds like you have got your credit under control, but lenders like to see that you can manage your credit. Charging and pay off at the end of the month is how credit cards were intended to be used. If you do this it will inrease your credit score.
A perfect credit profile is:
1 mortgage
2 installments
3 credit cards (with balances below 50% or paid off every month). |
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Expert Mortgage Banker
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FHA is a great program. FHA does not have a credit score requirement. However, many lenders will impose one.
Our minimum score for FHA is 500.
A current 30 year fixed rate FHA is 6.50% no points and approximately $1,500 in lender and third party fee closing costs.
Based on your information, you should have no problem going through FHA. If there are any unpaid collections or charge-offs on your credit these "may" need to be paid at the closing table. FHA states it may not be necessary. The underwriting system will determine this.
A my community loan, may have issues with your credit scores. For example, there has to be a reason why they are so low (no offense). The my community program leaves the computer to determine if the scores are sufficient. Also, with the my community, if any items on your credit are unpaid charge-offs or collections etc, these will be required to be paid at the closing table.
Send me an email or visit my blog http://mortgagecounselor.blogspot.com or www.johnleblanconline.com for more info on this topic.
Good luck! |
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paul p
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Hello Everyone,
My name is Mr Paul Walters and i am a private money lender that renders financial assistance to those in need of loans at an interest rate of 3% thus if you are in dire need of a loan, contact us via paulwalters12@yahoo.com
NOTE: THIS OFFER IS OPENED TO ALL!!! |
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