My husband and I are going in to meet with a mortgage program. He is one of the participating lenders with the state that can help us with a special loan that the state gives for teachers. Should he run our credit? What if we don’t like him and want to use someone else, and [...]

My loan is supposed to close in a few days. My first payment is showing as due in March. What happened to February payment? Thanks! That’s standard. We closed on our house July 30 and our first payment wasn’t due until September 1. addthis_url = ‘http%3A%2F%2Fwww.ucufutsal.com%2Ffirst-mortgage%2Fwhen-you-purchase-a-home-and-your-closing-is-at-the-end-of-the-month-when-should-your-first-mortgage-be-due’; addthis_title = ‘When+you+purchase+a+home+and+your+closing+is+at+the+end+of+the+month+when+should+your+first+mortgage+be+due%3F’; addthis_pub = ”;

Just trying to find out. Of course the first month that our moortgage payment is due, some crazy stuff happens to where we cant pay it until 3 weeks over due.. what happens? We will be less then 30 days late.. only about 12 days. Will that show on our credit? I managed this stuff [...]

Iv been for a job interview this morning, for an 11month maternity leave cover, with the chance but not promise of a permanent contract. Im hoping to buy my first house in the next year, and although i can afford it, would the temporary job stop me getting a mortgage? It would be a joint [...]

i’m on 3 month trial on my second mortgage when i apply for the second do they put me on a 3 month trial as well? They will not do anything, they are a cash loan, not your primary. They will not modify anything, they are the same as your credit cards. addthis_url = ‘http%3A%2F%2Fwww.ucufutsal.com%2Ffirst-mortgage%2Fwhen-your-first-mortgage-is-modify-does-the-second-mortgage-give-a-3-month-trial-too’; [...]

I have a 1st mortgage of about $100,000 on a condo valued at approx. $380,000. I have a home equity line of credit ( $20,000) that is interest only with no pre pay penalties. Can I refinance for a 15 or 20 year fixed? Yes, but i’d go 30 years with a fixed rate and [...]

I want to look at an investment property that is only listed at $15,000. Would the bank just laugh at me if I went in and asked for a mortgage on this property? No, there is normally no minimum, but it may not be worth it because most of the closing costs are fixed (application [...]

We are closing on a house on July 29th. When will the first payment be due usually? Thanks! Holly, it will most likely be due Sept. 1st. But at the closing table, the closer will be going over all paperwork with you…one of the documents will be a "payment coupon" which tells you when your [...]

I have read that a lender must automatically remove PMI once your LTV is 78% of the original amount financed. I have a single loan, and I bought the property well below market value. Since my loan is not 2 years old the lender will not remove PMI with a simple apprasial. Is the lender [...]

My husband and I are first time home buyers. We are looking to get a mortgage from our Bank (Bank of Oklahoma) we have positive standing with them. We have decent credit, we’ve always rented and had outstanding rental history. I’m currently carrying a note in my name for a car which has 13 months [...]