Should I REFINANCE a construction loan to a permanent loan OR convert to a permanent loan? May 3, 2010
Posted by Credit in : Renting & Real Estate , 1 comment so far
Whitney asked:
It seems that interest rates are much lower for refinancing existing loans, as opposed to new loans. I have a construction loan which doesn’t expire for a few months, would it be better to refinance the construction loan to a permanent mortgage or do a construction to permanent conversion loan? Which will get me a lower interest rate?
It seems that interest rates are much lower for refinancing existing loans, as opposed to new loans. I have a construction loan which doesn’t expire for a few months, would it be better to refinance the construction loan to a permanent mortgage or do a construction to permanent conversion loan? Which will get me a lower interest rate?
What percentage does a mortgage loan officer make from the sell of a home? May 1, 2010
Posted by Credit in : Renting & Real Estate , 3comments
teamwewin asked:
I was just curious, when a mortgage loan officer sells a home what percentage of the selling price does the loan officer keep for his commission?
I was just curious, when a mortgage loan officer sells a home what percentage of the selling price does the loan officer keep for his commission?
What are all mortgages loans for first time buyer? What is the current interest rate on mortgages loan? April 28, 2010
Posted by Credit in : Renting & Real Estate , 2comments
shitty asked:
I am looking for some personal experience from the first time buyer.
Where is the best place to get mortgages loan?
I am looking for some personal experience from the first time buyer.
Where is the best place to get mortgages loan?
Is there a federal mortgage loan?
I am looking to buy in the next few months and I need some one to guide me on loan and everything about home buying for the first time.
How can I locate bank owned homes in my area? April 27, 2010
Posted by Credit in : Renting & Real Estate , 4comments
Josh S asked:
I’m looking for a free website that is either operated by a reputable bank or by government institution that lists properties in foreclosure.
I’m looking for a free website that is either operated by a reputable bank or by government institution that lists properties in foreclosure.
I don’t want a site that has links to other sites.
Any other suggestions are also welcome, thank you!
Would a construction loan be the type of loan for building a new home? April 27, 2010
Posted by Credit in : Renting & Real Estate , add a comment
jiggywalker2008 asked:
If you wanted to build your own house, would you apply for a construction loan? What are the terms of a construction loan? How hard is it to get one?
If you wanted to build your own house, would you apply for a construction loan? What are the terms of a construction loan? How hard is it to get one?
What is an interest only loan and what are the benefits and drawbacks? April 26, 2010
Posted by Credit in : Renting & Real Estate , 3comments
homeless asked:
I was recently pre-qualified for a loan and the loan officer didn’t mention any other loan programs except for an FHA? I had to ask about the first time buyers program. I’m just wondering what are some other loan programs and where could I find out about them.
I was recently pre-qualified for a loan and the loan officer didn’t mention any other loan programs except for an FHA? I had to ask about the first time buyers program. I’m just wondering what are some other loan programs and where could I find out about them.
How does the loan process work for a home that is half-way through a remodel and down to studs? April 24, 2010
Posted by Credit in : Renting & Real Estate , 4comments
AC asked:
My husband and I are looking for our first home and have fallen in love with a house that is down to the studs in some areas in the middle of a remodel. The home has no structural issues – it is all cosmetic – but does need all new applicances (has none), new walls (70s style paneling in living room), new flooring (has concrete now) etc. Would we need to get a construction loan even though it is structurally okay? How would the mortgage process work for this?
My husband and I are looking for our first home and have fallen in love with a house that is down to the studs in some areas in the middle of a remodel. The home has no structural issues – it is all cosmetic – but does need all new applicances (has none), new walls (70s style paneling in living room), new flooring (has concrete now) etc. Would we need to get a construction loan even though it is structurally okay? How would the mortgage process work for this?
How long is the loan process when buying a house? April 24, 2010
Posted by Credit in : Renting & Real Estate , 6comments
shell_1004 asked:
I found a house, got a loan approved, made an offer, got the inspection done and the loan company had the apprisal done. Now however my mortgage loan officer said my info was with the underwriters and would let me know of the final approval. Could my loan still be denied?
I found a house, got a loan approved, made an offer, got the inspection done and the loan company had the apprisal done. Now however my mortgage loan officer said my info was with the underwriters and would let me know of the final approval. Could my loan still be denied?
How long does it take for a bank to physically take your home? April 22, 2010
Posted by Credit in : Renting & Real Estate , 3comments
T M asked:
When my house goes into foreclosure how long before the bank actually has someone come and kick us out?
When my house goes into foreclosure how long before the bank actually has someone come and kick us out?
How do you know whether the bank classes your home loan as a “subprime” loan? April 17, 2010
Posted by Credit in : Renting & Real Estate , 6comments
Mr. Vincent Van Jessup asked:
My loan is fixed rate, my monthly payment is fairly low, and I put down a large downpayment. But it was my first home, and I find myself wondering if I had a “bad risk” loan or a normal home loan, after hearing constant talk about “the subprime lending debacle”. Any info you can offer will be appreciated.
My loan is fixed rate, my monthly payment is fairly low, and I put down a large downpayment. But it was my first home, and I find myself wondering if I had a “bad risk” loan or a normal home loan, after hearing constant talk about “the subprime lending debacle”. Any info you can offer will be appreciated.