Rossonero NorCal SFECU asked:


Or does prop. 13 force counties to stick with the original price a buyer paid for the home? I want to take a very small home equity loan out ($5,000), but it may not be worth it if my tax bill goes up 50%.

first home buyer loan

meisha k asked:


I’m a first time home buyer, and I’m buying a small, inexpensive home which will require no mortgage or loans. In researching about closing costs, it seems that they’re related to the mortgage and lender fees. If I have no mortgage or lender, are there still closing costs, and if so, what would they be for? Thank you

first time home buyer loan

Fogel asked:


I have a question regarding the $7500 tax credit for home buyers. I was in a land contract since 2002 – 6 years. And recently I just refinanced my home, FHA Stream Line Home Loan in June/08. I bought the home in 2002 on a land Contract, me only.

I got married in 2006 and refinanced 2 months ago, with my Wife…… Do I qualify as a refinance land contract? Or will my wife qualify – because she was just put on the house, and she never owned a home prior? We file our tax’s jointly……

first home buyer loan

jacodenn7 asked:


I am about to flip out. I saved money for years and finally had enough to get a loan to buy me and my fiance a home on march 31, 2008. I recently lost my job and now she is having a tough time paying the mortgage. They just passed a bill to GIVE first time home buyers a 15000 dollar tax credit, that does not have to be repaid, but It is for homes purchased on april 9, 2008 and later. So I missed this by 8 days? This is so not right, why wouldn’t they just say for the whole year of 2008. We have almost zero funds now and we aren’t going to get anything? Is there anything I can do? Thanks in advance

first time home buyer loan

corbin_rox asked:


If a person got a home equity loan a year and racked up debt can they add to the existing loan or get another?

home loan

Don P asked:


Trying to figure something out…

home loan

what’s the point asked:


I work for a non profit agency the runs homeless shelters around southern california and my specific job is covered by a grant from the VA. I’ve been with the agency for 4 years and have no intention on leaving.
Will the bank look at me as a risk because of this?

home loan

Java asked:


First time home buyer.
Wondering how much I should ask for a pre-approved mortgage.
If I asked higher amount, seller/developer will know that I can afford higher price, so they won’t go down on their price.
If I asked smaller amount, if I am interested in a property that is priced higher than my pre-approved, will they entertain my negotiation?

first home buyer loan

Leeanne asked:


Does a pre-approval letter saying were approved from a mortage company, really mean we’ll get the home loan?

What is a mortage consultant? sorry were a first time home buyer, and really confused.

and once it goes to the underwriters, what are the chances they’ll say no. If I have that pre-approval letter.
The pre-approval is from the mortage company. That will finance the house, also my interest rate is 7% fixed, is that good?

first time home buyer loan

bestaimee2151 asked:


I’m in my 4th year of a 15 year mortgage, and I’m selling my home. If I had gotten a 30 year mortgage, would I have more equity by now?

mortgage rate