 Mortgage advice? |
| My job is fairly low paid (16k), I am in the process of looking for another one as is my partner. I have a reasonable deposit (20k). The thing I want to know is what companies are likely to take me ... |
|
 Central heating not working properly - shall we pay the full rent? |
Hi,
We rent a house which has gas central heating. The thermostat is broken, so we cannot set a certain temperature. We have to turn the heating on manually, which then will go on full power. T... |
|
 Can the landlord keep me from putting a fence up? |
| I am renting an apartament with a small yard in front and the side of the building. I wanted to put the fence up to keep our baby from running out to the street. The lanlord is telling me I can'... |
|
 How Can I Get Onto The Property Ladder??? |
| What are the best first steps to take, for a complete novice like me???... |
|
 How much of an influence does a co-signer have on a loan? |
| My husband and I can easily afford the house of our dreams. However, we have limited..not BAD...but limited credit history. As we are young. Will having a co-signer with excellent credit help us with ... |
|
 Is a manager allowed to say you are being evicted to a potential new landlord? |
| The manager of the complex i am currently living in told a landlord who was doing a reference that I was in eviction? Is this allowed in the state of california?... |
|
 How much do I have to charge as a deposit of rent ? |
| We own a duplex in Washburn Missouri, vlose to Cassville , like 30 mints from Joplin, Its open land, normal size, 1 bedroom, living room, heather, we are just replace the carpet and paint the place, ... |
|
 Landlord didnt return the security deposit back???? |
HI,
I stay in California, I moved from my apartment on january 1st by giving a verbal notice to landlord on december 5th.
After we moved, when my dad asked him for security ... |
|
 Should I hire an unlicensed roofer? |
| I finally found a handyman who has been great -- does a good job at a very reasonable price. However, he's unlicensed & uninsured...has his own little "business" with little ... |
|
 Is this a good rate on my mortgage? |
100 Percent financing.
30 Year Fixed rate
6.0 Percent interest
$170,000 loan on a duplex in Great Falls Mt 59401.
No pre-payment penalty or any "hidden suprises"
... |
|
 My boyfriend was recently kicked out..? |
| and the owner of the house wants to keep his computer until he pays half of this months rent which is usually paid at the end of month according to their agreement. She just kicked him out yesterday ... |
|
 Why does it matter what your credit score and history is when looking into renting an apartment? |
| I have a good rental history and have never had any problems with my previous landord. I am looking to move to another city due to my job and every decent apartment community does credit checks and I ... |
|
 What type of improvements will help me sell my one bedroom one bathroom condo? I live in an urban location.? |
| I live on Capitol Hill in Wash, DC and need to sell my 1br/1ba condo in the next several months. I've seen a ton of sites that describe upgrades that can help you sell your home more quickly, ... |
|
 How long does a contract last after you sign it on a rented house? |
| i signed a contract for a 1 year lease on a rented apartment 2 years ago, when i moved out of the house the landlord refused to give me back my deposit citing a section of the contract to do with an ... |
|
 Mortgage question? |
If you had to pick what would be the best negative amoritization mortgage? For the short term home owner, 3 years max!!
Additional Details
I live in the Seattle area, I have full ... |
|
 My renter is not evacutaing my property . gave one month notice , now not paying rent? |
| Please I need your help and advice.. We have rented one side of our duplex. Now I want my son to move to that side and rent our bigger portion out. Our tenant has given us trouble in the past by ... |
|
|  |
Hope | First time buying a new house, and I am clueless.? |
My husband and I are in the process of buying a new house.We already went thru signing the contract, giving them the earnest money, and they already did the appraisal.The mortgage company already submitted the papers today. How long does it take for them to give me an answer? I am nervous and I really want to know if we got approved.They said that the deadline for the closing is on the 28th. |
 |
 
jbone907
 |
Did you at least get a 90% letter? You don't usually get those unless the mortgage co. is pretty positive you'll be approved, and most sellers won't even accept earnest money or contracts without a 90% letter from the buyer.
Your mortgage co. should know how long it usually takes in any case. In my history, it's always been pretty quick but since you're in a crunch, just make the phone call and find out. That's your best bet. |
|
nascarfan319
|
It only took 2 weeks for us. Our closing day was May 23, 2006. |
|
gouldgirl2002
|
Takes mortgage company only a day or 2 to give you answer. |
|
John M
|
The loan application process takes approximately 2 to 4 weeks. Typically you can expect 30 to 45 days from loan application to closing. The closing date should not be set until loan commitment is recieved. If you have a clause in your purchase contract for a close on May 28 you need to check with your mortgage broker regarding the status of your application. It is possible that you might have to get an extension on the purchase contract. |
|
mikki080
 |
Well, I am 21 years old and my fiance' and I purchased our first home on November 3, 2006. We first drove by the house on Sunday, October 22. We looked inside it with the realtor on Monday, October 23, and gave an offer on Tuesday, Tuesday, October 24. The next day we began talking with the Mortgage company. The closing date was set for Novemer 10. All of the paperwork was finalized one week early and we ended up closing on the house on November 3, 2006.
Make sure that you keep your realtor informed every step of the way because they're your main key to your future home! Good luck with everything, owning a home sure is a lot of work, time, and money!!!! =) |
|
CHRISTINA V
|
It depends on alot of things... Your credit, the Lender that you are working with and also the Broker shop that is doing your Loan. Im pretty sure that you have been hearing about the subprime lending going bankrupt, and yes they are really making it hard to purchase a home on a days. But if all your docs are good It should close before your projected date. Im a Mortgage Consultant from Houston you can email me @ cvilla@simplifiedmtg.com if you have questions. I dont mind answering them. |
|
Tor
 |
It depends on the mortgage company. It can be anywhere from a day or two. Mine was about 2 days. My mothers took longer, but that was due more to the bank being poorly managed.
Good Luck! |
|
Tony R
|
You can get a pre-approval letter from your Mortgage Co. BUT, that really doesn't say a lot!
There is always something that can get you a Bank denial...(Verifications of rent/Mtg. history, employment and/or bank information etc...)
Alot depends on the type of loan for which your applying for(100% financing etc...)
A strong loan scenario would be...
1a.) Income good enough to match employment position/title (If stated loan)
1b.) 2 + years employment history(same company/no gaps)
2.) Sourced and seasond funds (Savings, 401K etc...)At least 2-4 Mo. to which equal the new Mtg. payment
3.) Rental history/verification (non private party)
4.) Fair-Excellent credit score (681 and above)
5.) Of course Money down !
There is a lot in play when getting approved for a loan and not just a good credit score will do!!!!
Depending on the Mortgage company your working with, it should take a few days to about a week. After the approval there are going to be loan conditions which need to be met(Verifications etc...). This may or may not slow the process down. If you meet the above scenario requirments and anyone who does your verifications does ok, you should be goooooood!
Congratulations on your new home! |
|
Ken
|
If you are at the appraisal stage then you should be pre-qualified. That means the mortgage broker or loan officer looked at all of your paperwork and compared it to the current underwriting conditions of the lender. Although there can be glitches at that point, it is unlikely. Underwriting times vary but if your closing is scheduled for the 28th they know that. They can underwrite a loan in 20 minutes if they have to but will take a week if they have the time.
Don't worry and just be patient. You will be approved. They may ask for more paperwork, but you will be approved unless something has changed dramatically since you applied.
Good luck. |
|
ringo82514
|
They just need a day or two to verify all of your financials. If you are qualified, you'll be approved in no time.
And two weeks is more than enough time to close. Once they put the paperwork together and forward it to a title company, it's only a matter of days.
Good luck. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 5 minutes(s) ago
| | | |
10 | 17 minutes(s) ago
| | | |
10 | 51 minutes(s) ago
| | | |
10 | 58 minutes(s) ago
| | | |
10 | 1 hour(s) ago
| | | |
9 | 2 hour(s) ago
| | | |
10 | 4 hour(s) ago
| | | |
10 | 8 hour(s) ago
| | | |
10 | 10 hour(s) ago
| | | |
10 | 11 hour(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
