If yes, is there anyway to get around this job history requirement. The ONLY way around it is either NOT obtaining financing through a traditional lender OR have two years of work experience working in the same job capacity….not the same employer per se. Banks just are not giving out loans to people unless they [...]
Monthly Archives: June 2010
If I put 20% down, do I still need two years of consistent work history to get a mortgage for under 80k?
Posted by admin on June 30, 2010
6 comments
Can somebody clarify how student loan interest rates work?
Posted by admin on June 30, 2010
2 comments
Let’s say the unsubsidized loan I get is at 7%, does this mean that every month 7% of my principal gets charged on top of it (which of course, would be a HUGE total I would have to pay back)? Also, if I’m approved for "Prime rate +4%," what does that mean? The 7% is [...]
Does it help getting a home loan with a bank you’re banking with?
Posted by admin on June 30, 2010
3 comments
say you have been banking with a bank like Chase for 3 years and is in good standing with them in checking and investment services. Does it help you getting a home loan there easier than other places? Yes, they have a relationship with you and they want to keep it that way. It will [...]
i renders services to the customer for getting their home loan from different banks my income more than 10lac?
Posted by admin on June 30, 2010
1 comment
my income is more than 10 lac will i have to do audit for the same because bank has given tds certificate as commission agent help……………………… Hello, I am Monica Roland by name, I live in Canada , I saw your question on how you need a loan i will refer to Mr John Derrick [...]
How soon can we get a mortgage when self-employed?
Posted by admin on June 30, 2010
4 comments
My boyfriend was told by his bank recently that he earns more than enough for the mortgage we want, but that he will need to provide 2 years worth of book-keeping from his business (yes…2 years!!!!!!!!) in order for us to get the mortgage based on his income. This is a huge blow, as he [...]
Can a 18 year old get a house on a mortgage?
Posted by admin on June 30, 2010
10 comments
Just turned 18 and am looking into getting on the property ladder asap. Are banks likely to turn me down for a mortgage. You need 2 years of income tax returns, so you will have to wait until you are 20 or pay cash. addthis_url = ‘http%3A%2F%2Fwww.ucufutsal.com%2Fget-a-mortgage%2Fcan-a-18-year-old-get-a-house-on-a-mortgage’; addthis_title = ‘Can+a+18+year+old+get+a+house+on+a+mortgage%3F’; addthis_pub = ”;
i renders services to the customer for getting their home loan from different banks my income more than 10lac?
Posted by admin on June 30, 2010
0 comments
my income is more than 10 lac will i have to do audit for the same because bank has given tds certificate as commission agent help……………………… Hello, I am Monica Roland by name, I live in Canada , I saw your question on how you need a loan i will refer to Mr John Derrick [...]
Can my elderly & sick parents get a 2nd mortgage/loan on their home?
Posted by admin on June 30, 2010
5 comments
Home in Mom’s name. Married to our Step-dad for 30 yrs. Home is paid for. They receive 2500.00 mo, (soc. sec. & his pension) Our step-brother handles their finances & now says they have no money & wants them to get a 2nd mortgage/loan on this home. Mom has a will leaving the home to [...]
Would a mortgage company refinance one of it’s mortgage customers that has bad credit?
Posted by admin on June 30, 2010
2 comments
Current APR 6.375 Would like to refinance around 5% APR With lates and a few charge offs from 5 years ago, would a mortgage company do a refi for one of it’s existing mortgage loan customers that has a weak credit score? Not likely. You would think it makes sense because you are more likely [...]
How does president Obamas morgage relief plan work? What do I have to do to qualify?
Posted by admin on June 30, 2010
2 comments
i am behind on my morgage by 3 months because of loss of wages. Now that I found a new jobs I have less income than before and wont be able to afford my home. Please help ! Your mortgage doesn’t need to be owned by Fannie Mae or Freddie Mac if your interested in [...]