johnpau2009 asked:


I am applying for home loans and getting some GFE’s from 2-3 lenders with different rates/points/loan period.

Is there a tool or website where I can put all these numbers and it will compare and will tell me which would be best and lowest for me

home loan

ben b asked:


my credit is not so good. i would like to keep the loan aroud 30000. my home is worth about 9 times that amount. is there a type of home equity loan thats loks lees at your credit score. 8 percent interest would not worry me as far as the loan goes.

home loan

Stephenie asked:


I am in a 3yr ARM and it adjusts for the first time in august. I am now paying 7.9% interest only payments at 1095/mo (bad i know but yea) My mortgage co said that in aug. it will not increase beyond 3%.
But what is the factors they use to calculate how much IT IS going to increase? also in this current market..how much in your educated opinion will it increase ??

mortgage rate

mharljoy asked:


i have a client that’s buying a home and we’ve been in since mid-feb and i was just told by the loan processor that we might not close until april. what’s going on? my client is highly qualified and this is an fha first time home buyer loan. we already have du approval.
the processor did her job and sent it in that same week we opened escrow. the bank’s AE said that their turn around time was just like that at the moment. it got worse from 10 business days to 20 and then now 30.

first home buyer loan

Ruben M asked:


With mortgage rates on the rise, is it prudent to pursue ANY type of adjustable rate mortgage (ARM) at this time? Or should home buyers be scrambling to lock in fixed rates?

In a simple world, I’d consider this question to be a slam dunk, until you factor in the various ARM options available on the market (1, 3, 5, 7, 10). The questions is essentially, is it possible to pick an ARM with a front-end period (where the rate stays fixed) that essentially jumps over the upcoming rate spike?

Naturally, we’re talking about rational home buyer options, NOT interest-free or 40-year loans.
For the record, the ARM options I was considering were 7/1 and 10/1. Because the first 7 (or 10) years are fixed, I would have assumed both to be a viable option. My thinking was that you’d basically be gambling that rates would be better in 7 or 10 years than they are right now. Is a decade of high rates really a possibility?

first time home buyer loan

crlshermoso asked:


I am planing to purchase a home in Stockton using my VA loan. The previous owners were foreclosed on and the asking price by the bank is $164,500. I am thinking of making an offer of $150,000. The real estate agent says that everything on the market is selling at or above asking price. Since the seller is requiered to pay closing costs the realtor says that that house will not go below asking price. I say its worth a shot but I do not want to risk losing it. Should I make a higher offer?

first home owner loan

~Me~ asked:


Looking at doing a conversion to bring down my rate (+ pay 2 points to bring that pymt down as well) ….and wondered if anyone has any predictions?
Do you feel the rates have dropped as far as they will for a while? Do you feel they’ll be on the rise again shortly?
Converting today would drop my rate by approx .83% and that’s with paying 2 points….. 15 yr fixed….

mortgage rate

ariasthree asked:


If the home is bought cash by someone else and deed put in my name immediately? Or only if you finance through a loan??

first home buyer loan

janyce k asked:


It’s my parents home land, they are buying another and offered me their non qualifying assumable loan on the old place, I just haven’t sat down and talked it out with them yet, other than the balance is under $30,000.00 left.

home loan

young_star_77 asked:


I recently co-signed on a car for a family member, and they didn’t miss a payment or even make a late payment, they have RECENTLY refinaced the care and I’m interented in appling for a home loan, would that car still effect my credit to income ratio?

home loan