How difficult is it to get a home mortgage loan? April 17, 2010
Posted by Credit in : Renting & Real Estate , 2comments
kelly m asked:
I am looking to get a loan for a modular home and a piece of land. We would need about 250,000. My husband claimed bankruptcy in 2001 before we were married. I have good credit and make close to $60,000. However, I do have a few credit cards and a student loan to pay. He makes about 35,000, has limited credit cards and a car loan. For the most part we both pay our bills on time. Do you think the bank will even consider giving us a loan?
I am looking to get a loan for a modular home and a piece of land. We would need about 250,000. My husband claimed bankruptcy in 2001 before we were married. I have good credit and make close to $60,000. However, I do have a few credit cards and a student loan to pay. He makes about 35,000, has limited credit cards and a car loan. For the most part we both pay our bills on time. Do you think the bank will even consider giving us a loan?
What are the job opportunities for loan processors? April 17, 2010
Posted by Credit in : Renting & Real Estate , 3comments
larceny’sghost asked:
For example, what type of companies hire loan processors? What is the avergage income of a loan processor? Where (online) can I find data about this field?
For example, what type of companies hire loan processors? What is the avergage income of a loan processor? Where (online) can I find data about this field?
Can I take out a home loan for land and a manufactured loan? April 13, 2010
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Jak K asked:
By home loan I mean a home loan and not a personal property loan like on a trailer home/manufactured home in a trailer court. I qualified for a home loan and I want to keep it cheap, so I want to purchase a piece of land and a manufactured home. Wil this work as a home loan if its on private land?
Wow, there is quite the array of scams out there! Why would anyone take out a loan from the internet without talking to someone face to face?
By home loan I mean a home loan and not a personal property loan like on a trailer home/manufactured home in a trailer court. I qualified for a home loan and I want to keep it cheap, so I want to purchase a piece of land and a manufactured home. Wil this work as a home loan if its on private land?
Wow, there is quite the array of scams out there! Why would anyone take out a loan from the internet without talking to someone face to face?
How to obtain a home loan for more than the home costs? April 10, 2010
Posted by Credit in : Renting & Real Estate , 6comments
Tink asked:
Is it possible in our current market? If so, can it be in one loan? Say the home is purchased for $120k, can the buyer ask for another $20k for personal debt? Does this have to be done with a home equity loan?
Is it possible in our current market? If so, can it be in one loan? Say the home is purchased for $120k, can the buyer ask for another $20k for personal debt? Does this have to be done with a home equity loan?
What is a home equity loan and what is the process to applying/being accepted for one? April 8, 2010
Posted by Credit in : Renting & Real Estate , 2comments
Phoenix asked:
I paid roughly $90,000 for my home. It was a TLC home and I’ve fixed it up in the past 9 years dramatically. New roof, new walls, siding, porch, heating system, well etc. My home and property was valued at $275,000 last year. Does equity play a part in this. Am I eligable for an equity loan? I don’t want to go into it without fully understanding what it is–I also don’t want to go to my banker with stupid questions….Another thing. Im looking to build my own home–hence the loan inquisition.
I paid roughly $90,000 for my home. It was a TLC home and I’ve fixed it up in the past 9 years dramatically. New roof, new walls, siding, porch, heating system, well etc. My home and property was valued at $275,000 last year. Does equity play a part in this. Am I eligable for an equity loan? I don’t want to go into it without fully understanding what it is–I also don’t want to go to my banker with stupid questions….Another thing. Im looking to build my own home–hence the loan inquisition.
What is a good company where your sure to get a loan approved? April 7, 2010
Posted by Credit in : Renting & Real Estate , 5comments
•♡Jennifer♡• asked:
what is a good home loan company where you can aply for a loan and most of the time your loan gets approved. And i’m talking about a home loan.
what is a good home loan company where you can aply for a loan and most of the time your loan gets approved. And i’m talking about a home loan.
Any US bank would make a mortgage loan to a borrower whose income is from outside the US? April 6, 2010
Posted by Credit in : Renting & Real Estate , 2comments
Jack asked:
I am trying to refinance my existing mortgage on a house in Vienna. But my income is currently from outside the US. Does anyone know any US bank that would make such a loan to me? Thanks.
I am trying to refinance my existing mortgage on a house in Vienna. But my income is currently from outside the US. Does anyone know any US bank that would make such a loan to me? Thanks.
How long does it take for a bank to reclaim possession of a foreclosure? April 6, 2010
Posted by Credit in : Renting & Real Estate , 2comments
Donald C asked:
How long should it take for a bank to take possession of a home that was foreclosed?
How long should it take for a bank to take possession of a home that was foreclosed?
The home is a new construction with no previous/current tenants. The bank which owes the home is in Illinois and the home is in North Carolina. The builders went bust so there aren’t any challenges to the foreclosure from any previous owner.
What is the best type of loan to get if I want to use that loan to build a house on an empty residential lot? April 5, 2010
Posted by Credit in : Renting & Real Estate , 1 comment so far
Dark Knight asked:
I own the lot, but do not own anything else. What type of loan should I get? I live in San Antonio, Tx.
I own the lot, but do not own anything else. What type of loan should I get? I live in San Antonio, Tx.
What is the best bank in the US that offers good rates and programs for second- time home buyers/good credit? April 4, 2010
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kittyangel asked:
Anybody knows or have had a good experience with a good bank?
I’m planning to sell my current house and buying another one in another state.
Thanks.
Anybody knows or have had a good experience with a good bank?
I’m planning to sell my current house and buying another one in another state.
Thanks.