 How can I save my home? |
My home was foreclosed on in Sept. My redemption is up in April. My credit is severely bruised. How can I save my home?
Additional Details
How can I find investors willing to help or ... |
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 Is it possible to rent your flat out and use the money to buy another property? Two mortgages at the same time |
If I rented out my flat, could I then use that money to put towards another flat? I.e. have two mortgages at the same time?
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 Oustanding Mortgage when parent dies ? |
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me and my partner letted out a flat for 6 months
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| She says there is over $3,000 in damages. She is so picky that she thinks damages are painting and carpet cleaning and cleaning of drapes, which by the way we did all of those before we left. She ... |
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 Has anyone been approved for mortgages recently in the UK? |
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 As a seller, can I back out of a real estate deal if a contract is not yet signed? |
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 Need help in dealing with dishonest real estate agent-what to do!? |
| Hi-I have a question...we had been renting a house for about two years when the landlord suddenly decided to sell it. He gave us a choice of buying it which we decided against because the home has ... |
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| I let my property via a letting agent who found me a tenant. since the tenants moved in they have not paid me any rent and now owe me over £4000. The tenant is now saying that he will not leave ... |
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 Council reckon my home under right to buy is worth £95000,its like house that jack built,can they do this? |
| the bloke over the road bought a simalar property 2bedroom semi for £45000 2years ago under the same scheme.i just think they are trying to swindle me.they told me that i could bring in my own ... |
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 Question about paying rent? |
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 Should I pay this? |
| I rent a house from a letting agency. I have not even been in the property 6 months yet and I have been sent a bill from the Rates Collection Agency for £440. I'm not sure if this is for the ... |
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greatimes | How should we go about refinancing our adjustable rate mortgage for a good fixed rate?? |
2/28 ARM now, want great fixed rate. |
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roritr2005
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Try that DITECH.COM thing they keep pushing. I understand it's pretty good and the fees are SO much less. I keep getting tagged with fees when I refinance so I plan to use it next time around. Good luck!! |
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Demure D
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toll free 1-877-242-2717 ask for Joe for free advice from a lisenced loan originator Joe works with over 100 lendors |
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fundie hunter
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I went with Wells Fargo |
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Keyon F
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I work for United Lenders Group and I work with over 45 different banking companies so I could get you a mortgage loan no matter what your credit is
916-860-0804
keyon |
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Koray
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it depand on your credit, and documents, maybe better re-finance with Arm product, I recomend you to discuss with your loan consultant.
But if I were you I get interest only, products..
Good Luck |
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spirus40
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When shopping for a fixed rate, the rate quote you are typically given by the mortgage broker does not factor in closing costs. The rate quote you want to use and get will be called the "APR". Banks will quote you a rate based on the amount of money you are borrowing and not what you are actually receiving for your use. The APR takes everything into account and is the best method to compare. For instance, lets say you are borrowing 100k. One bank quotes you 7% fixed and the other quotes you 6.75 fixed. The better APR may be with the 7% loan due to lower closing costs associated with the loan. If the 7% loan has 3500 closing costs versus 5000 with the 6.75, the APR on the 7% would be lower and you will not know this just by asking the broker for the bank rate. Avoid a middle man broker if possible and go with a direct lender if possible. Without taking into account closing costs, you are operating blind. At closing you will be given a Federal Truth in lending statement which many brokers do not understand and will tell you it's just some crazy way the government figures interest. This is the interest on the money you are actually getting as opposed to what you are borrowing. |
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Clif
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We strongly suggest refinancing with an FHA Mortgage Loan. LOW fixed rates for up to 30 years. FHA now requires NO INSPECTIONS, making it so much easier for your property to qualify.FHA Mortgage loans for your refi's, up to 95% LTV, even provides cash-out.
Great for purchases too, now with NO INSPECTIONS, plus you will have a low fixed rate, AND an assumable loan, a great tool for future sale. |
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Ophelia V
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Why keep doing the research, when I can do it for you. I work with over 45 different lenders and can get you the best saving you quailify for. Give me call!
(916) 860-0809 |
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MortgageGuy
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First and foremost make sure your loan officer is licensed!!
As long as you have good credit, income, and LTV ratio... Rates on a 30 year fized can me as low as 6.5% today...
Just know though if you dont have great credit, great income, great LTV, then you wont get the 6.5%... It could be in the 7% range....
Your best bet to get the lowest rate though is to talk with someone that has a portfolio of investors to work with...
There are a couple reasons i suggest that
1. If a loan officer can shop your loan to multiple lenders they are bound to find one or more willing tho lend to you. By looking at multiple options and programs you will be sure to find the lowest costs and rates...
2. if you on your own call multiple banks to see what you qualify for, EACH AND EVERY LENDER will HAVE to pull a seperate credit report. The more times it is pulled the worse your credit gets. Now, when you work with a loan officer that can shop among their investors, they only have to pull one credit report, and use that copy to shop mortgage lenders for you..
So not only do you keep your credit score where it is, you dont have to worry about any of the busy work..you let the loan officer do it for you..
My name is Jason Fry, and I am a loan officer with Providential Bancorp, a nationwide mortgage lender. I'd be happy to assist you in a refinance, or at least be able to let you know exactly what YOU QUALIFY FOR. You can then make a more informed, and educated decision whether it would be the right move for you.
Feel free to give me a call at 312-264-6448, or
you can email me at Jasonf@providential.com.
Thank You,
Jason Fry
Licensed Loan Originator
Providential Bancorp
312-264-6448 |
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Searchlight Crusade
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Good idea. Right now rates on thirty year fixed rate loans are essentially the same as hybrid ARMs such as the 2/28.
Now a 2/28 is a subprime loan. Typically, there are three reasons to put someone into a 2/28: 1) Bad credit that will improve over time. 2) You just cannot afford what is usually a much higher rate for a 30 fixed. 3) You are a marginal enough (through marginal credit or low down payment) case that this is the only way you'll actually qualify for the financing you need to make the purchase.
Now, the best place to go is always a broker, but the reasons for this get magnified if you're still in a subprime situation. Unlike top of the market A paper lenders, subprime lenders are all over the market in the borrowers they are trying to attract. You can go to fifty or a hundred before you really find the one that's right for you - or you can go to a broker who will do the shopping for you.
Don't just trust a broker, however. Both the best and the worst loan officers in the business work for brokers (or are brokers). Ask them things like in this checklist here
http://www.danmelson.com/posts/1147466020.shtml
There is an organization that polices its membership for compliance with good practices. That organization is Upfront Mortgage Brokers and their website is http://www.upfrontmortgagebrokers.org/index.asp
(Disclosure: I am a member) |
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jen
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I would seek a professional. Some one who can walk you through. They need to do a credit evaluation to insure that the circumstance that put you in a 2/28 is no longer a factor. If that circumstance is like you can't prove your income but you have great credit they should be able to find you a affordable fixed rate. There are many options like amortizing the loan over 40 years instead of 30 that will make the payment easier to make, as this will not be the best rate on the market. A Good mortgage broker will help you insure your financial future.
If you would like I will do the credit evaluation for you for free that way you are armed with information when you go to your local broker just e-mail me at keirstan0618@hotmail.com |
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