We are in escrow and want to buy a car. Would waiting until after the sale of our home be better, since we will rent and our debt ratio would be better. Or would calateral on this house we are selling make it a better finance push? Wait till a day or two AFTER you [...]

I hear i need at least 5% down. Id rather not use the cash for a down payment. Any advice from MORTGAGE professionals only//// Las Vegas is identified as an ‘at risk’ market in our business. You probably already new that. Lenders have scaled back the maximum LTV’s in the hardest hit areas. You may [...]

I am currently in a $105k new construction house and haven’t made any upgrades in the 3 years I have lived there. If I were to sell it for less than I bought it for like let’s say $95k (for example), for story sake lets rule out any principal $$ that is secured towards the [...]

Instead of charging a broker fee could I call it a "Finders Fee" or a "Consulting Fee"? I work for a Mortgage Banker but am contemplating starting my own shop as I have developed some relationships over the years. I am not licensed at present. if you discuss rates, fees, or review income documentation with [...]

I need to choose the best lender for a new home purchase that will provide me the least fees while giving me the best interest rate? Mortage banks tend to offer me fewer fees, but the rate is a little higher. Also, which is most efficient in doing the loan? I am doing a VA [...]

I got pre-approved, provided all credit info, pay stubs, W-2′s, etc, and have a signed P&S agreement. The mortgage broker says everything is fine. I have three weeks till closing, and am anxious. Could this deal potentially fall through? If so, for what reasons? No skeletons in the closet, no. And nothing fudged. it could [...]

We need to close in 3 weeks and have had such problems with GMAC- we were supposedly locked in with them, but now we are being told that we will have to pay points (supposedly, Fannie Mae charges 3/4pts on 100% financed loans), when we were never told that to begin with. We can always [...]

Please leave their contact information. Thanks! We are in Texas. FHA does offer Manufactured home financing- this deal also comes with land Any mortgage company that does FHA loans can do a manufactured home/land deal. Just call your local mortgage companies and ask them if they do FHA and tell them that you are buying [...]

They seem to be the same. Owner financing literally means the owner of the property will let you make payments to him, almost like rent. It means you don’t have to secure a mortgage to buy the house right now. I’ve seen it most often done when someone needs to clean up their credit in [...]

My husband and I just had a house built last fall and our yard is a mudpit. So this spring we were thinking of putting in a sprinkler system, well and perhaps a fence of some sort. If we just bought the house at the end of November of last year, can we possibly add [...]