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: qualify
Is it possible to get someone to take over the mortgage on you home?
Kind of like deeding it over to the person, like when you have someone take over payments on a car? Or is the only way to do it is to have them qualify for a loan and you sell the home to them? Answer: If you have a VA loan and you are selling to …
Does being on the mortgage only mean I own the home?
I have separated and want to buy a home of my own but need to be a first time home owner to qualify for the loan. Did i actually own the home if i was never on the deed but only on the mortgage? He has recently refinanced and i am no longer on the …
How much equity does someone have to have in their home in order to qualify for a reverse mortgage?
My elderly family member owns a home (paid it off years ago) but now has a line of credit against the house for 100K. I am concerned that this member of my family is running out of money and will need a reverse mortgage in the next year or two as they will require an …
How to qualify for a Home mortgage?
Answer: so first of all, you need to have some money for the down payment. There are some zero down payment loan but you need to have excellent credit score. so you will need to have at least 5% for down payment You will need to have two years of steady employment, if you change …
Can you still qualify for a home equity loan if you behind on mortgage payments?
I’m behind on mortgage payments because, i’m going through a loan modification, but i need money to pay for school, will i be able to still get a home equity loan. Because my credit is not amazing. Answer: No. That’s the FIRST thing a lender will check before granting a home equity loan. If the …
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 …
Taking out a 3rd mortgage for a 2nd home?
We already have a home that has 2 mortgages on it already. The 2nd one is due to the fact that we put an addition on the house. Now we are looking to purchase a 2nd home but aren’t quite sure if we would qualify. Any thoughts on this? Answer: How about if you pay …
I short-sold my home in October – when can I get a mortgage again to purchase a home?
I’ve been fortunate to regain employment and save for a downpayment on a home. If I did a short-sale on my previous home in October 2009, when it it likely I can qualify for a mortgage again. Answer: I hope soon. You should talk to a loan officer because it really depends on your credit …
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