I do not have great credit history and would like to apply for a home loan to see if I qualify, but I want to know who is best to go threw for a good shot if my history is poor? Answer: Most lenders/banks have the same mortgage products, your ability to get a mortgage …
Tag Archive: purchase
My home mortgage was transferred to Fannie Mae last month. Why did my bank do this?
My loan was with Bank of America. Answer: Bank of America decided they needed additional money to lend, therefore they bundled a lot of mortgages they had to include yours and sold them to Fannie Mae, an agency formed by the federal government to purchase such mortgages. Bank of American might still service the mortgage …
If I foreclose on a rental property, can a mortgage company come after my other home?
if I currently own a home, and rent it out, then purchase another home to live in, and after a year the renters move out, and I can’t make the payments, and am forced to foreclose on my rental, can the mortgage company come after my new home? I live in MD. Answer: Yes, if …
What happens if a home forecloses and the auction only pays off the first mortgage and not the second?
Will the second mortgage holders come after you or be able to put something (other than a foreclosure) on your credit like a judgement? Would they be ale to garnish wages or do anything crazy like that in the future? The reason for two loans was a first and second (100% loan) was used to …
Will our current mortgage lender automatically finance us for another home purchase?
We are moving and selling the first home. We are in good standing with the current mortgage company. We have lived here for almost 3 years- we have had two payments that have been a few days late. Also, will they keep us at our current interest rate? Answer: No, the rate will be based …
what mortgage companies in washington state will approve you for a home loan with a recent bankruptcy?
i have a good job, ive been rebuilding my credit for 3 months with a car purchase and credit card, have a good debt/income ratio. filed chapter 7 and debts were discharged 9 months ago. looking for a mortgage company that will approve a home loan with less than 2 years from bankruptcy Answer:
Should I take out a line of credit to buy a home or do a cash back mortgage?
I’m already pre-approved for the purchase of a home. I’m not sure which way is better – to use a line of credit to pay for my down payment OR take out a cash back mortgage. Making payments is not an issue. My debt ratio with a 0000.00 mortgage is only at 27%. Ability to …
I need to find a way to transfer my mortgage, and purchase a new home.?
Could I transfer my mortgage to my father out right, and or be a co-signer on the home as an investment property? How will that affect my qualify for a loan? Answer: Mortgages are borrower and house specific. Change anything and you have to close out the old one and get a new one. good …
Recent Comments