 Buying a forclosed home? |
| What are the drawbacks?... |
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 Trying to buy house. listed price 99900 offered 97000 w/seller paying closing w/cap of 2500 what do you think? |
House has been on the market since last november but their realtor is trying to tell us they arent in a hurry to sell...although they already have their eye on a new house.
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 Can i refinance my ballon loan into a fixed loan? |
| my 1st loan 280,000 is a fixed rate 6.65. my second loan 74,000 (15 years fixed with balooon payment of 54,000 at the end). can i just refinance the second loan. or combine the two into one loan. ... |
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 Realtor question.? |
| When selling a home, and one has to go down on price because of the market value....do you pay the realtor their percentage of the price you sold it at? Or do you have to pay the price you put down ... |
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 When is contract invalid? |
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I am renting a property and the landlord advertised and agree that the property would have a backyard. Now he says he is not sure what the final outcome will be. A... |
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 Can I get a loan for a home/ mortgage payment before I pick a specific home? |
I am interested in purchasing a home and have a price range in mind. Can I get a loan for a home in my price range before I choose a specific house??
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Thank you all so ... |
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 Can you buy a house with no down payment? |
| is it possible to buy a house or condo with no down payment?would it help if you have good credit and your credit score is 758?... |
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 When young should you bue or rent a house? |
| dont know what to do buy or rent for the first time its not time yet but some friends are moving into there own place should a couple of young pepole buy a house or rent a ... |
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 Should my landlord have warned me about a roach problem before I moved in? What can I do about it? |
Obviously I AM REALLY GROSSED OUT.
I noticed one roach in the sink on my first day. There were a couple the second day. On the 4th night, I opened my dishwasher and it was FILLED with ... |
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 We are looking to buy our first home ......? |
and we only have a couple hundred dollars for down payment but have heard about grants helping you with a down payment and closing cost does any one have any info about them ??
or a website that ... |
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 Y or N please: Are realtors more motivated to work with ...? |
| Are realtors more motivated to present to their seller an offer from a buyer who has no realtor they are working with and make the double commission vs. presenting an offer from another realtor where ... |
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 Property for 160000, can only afford an interest only mortgage. is this a bad move? |
| i am renting a detached 2 bed house and recently my landlord asked if i would be interested in buying the property. she has asked for 160000. i have 8000 deposit but can still only afford an interest ... |
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 House buying question please help!!? |
| There is a really nice house my wife and I like for sale or rent. We told our Realtor that we would like to rent to own it. The house has been on the market for over a year. He asked their Realtor ... |
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 Does any one know how to purchase a home w/out Realestate Agent? |
Does any one have any ideas how to find an owner who wants to sell a home w/ out using a realestate agent?
We have plenty of time to find our "perfect home" in Carle Place.
O... |
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 UK question: Can you get a mortgage if you are unemployed? |
| SInce being laid off I have been looking for work, but havent found anything in my field. But in the meantime I want to buy a flat and let it, as the rental income should take care of the mortgage. ... |
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 Does a first months rent get refunded at end of contract..? |
| if its been paid already... ok, so when i moved in i payed £700 deposit, and £700 months rent in advance.. i claim housing benefit because im a single parent, and i DO work, part time so get help ... |
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 My hubby jus turned 60,he may be made redundant,i have apregnant daughterat home,is she liable for the rent? |
my daughter will fin work the end of feb an start maternity leave
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to clarify,the property is rented,if my hubby has to claim income support for the 2 of us and my ... |
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 I want to get rid of my Roommates who just moved in, easiest way ? |
| I was trying to sell my house but 3 deals fell thru because people couldnt get financing... I dont have much equity in it, just about 30,000 (after paying all kinds of fees, transfer taxes, real ... |
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t.timble | Will I be able to purchase another condo next year with 2 recent 30-day lates on my credit report? |
*I have 2 loans for my mortgage from the same lender so that is why it's two late payments.
The late payment was a total screw-up on my part. I totally had the money in my account.
I want to purchase another condo next year but I'm wondering if this late payment has totally hurt my chances. |
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TheTruthAboutMortgage.com
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Two 30-day lates will eliminate many lenders from your selection, but you'll still be able to get financing with a variety of others, namely portfolio lenders that can manipulate their own guidelines. Companies like Countrywide or Wells Fargo.
Contact those companies now and explain your situation. See if they'll finance with two 30-day lates.
Unfortunately, those mortgage lates will affect your credit for the next 2 years, but after that they won't pose much of a problem except for any lingering damage to your Fico score.
Either way, find out NOW to avoid any hassle later. Pretend you need financing for a condo in the next month, and see what you come up with to determine what you'll be able to do in the future.
Learn more about mortgage, credit, and finance at:
http://www.thetruthaboutmortgage.com |
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ggfire
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You can call the lender and explain you situation; they may approve a "correction" to the late flags on your credit report. The late flags alone should not disqualify you, but they will not help either....even if the screw-up was totally your fault, give the lender a call and see if they can work something out...sometimes they do!
Good luck! |
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Michel D
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Well if you can explain it away, usually one 30 day late can be forgiven. However, if you do get another 30 day late you will have a tough time being approved for prime rates. |
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samantha_suger_nibbles
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tm not really sure but i my mom works for the bank but from what i know you would have to pay back your other loans if you already didnt!
p.s yeah i kindof sucks to be late on something because then the cost with be double the amount its kind like bouncing a check |
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gtofinancial.tomvoli
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Good and bad news here. Yes you will be able to buy...but Yes, the late will affect the rate. No matter what the explanation is it will affect what you qualify for. Here is what rating you will see from lenders:
A Paper = No mortgage lates for 4 years
Alt A = No mortgage lates for 2 years
Sub Prime = Mortgage lates less than 2 years.
The reason the explanation won't matter is that 90% of these lenders sell the loans on the secondary market and every loan must meet exact qualifying criteria.
Here is some additional info. Hope this helps. |
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David P
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just find a niche broker, there are lenders out there that dont even use trade line info, or late info, these people dont exactly know what they are talking about. if you have a 680 or greater score, you should take no hits on any rate because of anything. |
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nessadipity
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Now now now... Don't be to harsh on yourself... Geesh :p :) |
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c.arsenault
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if your downpayment is big enough credit is not an issue. |
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dajuan_n_only
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Well as long as you have everything else in line derogatory payments will have no affect on your chances of getting the house. We have been able to help clients with more derogatories than yours and have gotten them 100% financing. Fell free to log onto http://www.justgetaloan.net to gather more information about home financing. Also fee free to fill out an application form so that you can be contacted by one of our representatives to discuss your loan options. |
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smiley20903
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You can purchase...Was it a rolling 30 day...if so some lenders will count it a just 1 30 day...if not then they can be counted as 2.......I am a loan officer and deal with people who have mortgage lates....and have found financing for them...it is just finding a loan officer that will work with on it so that u are able to purchase...where your credit scores affected by the 30 lates.......also have you considered consolidating the 1st and 2nd on your existing home.... |
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NONAME
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one late pay should not be a problem - if that is all |
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Not Known To Me. The Voter ;~`}=
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Depends how bad they are and how much. |
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