The land is paid off and we are trying to find the best and easiest way to qualify to purchase/build a home. In a construction loan, you can use the portion of equity you have in the land towards the total "finished" value. Basically, your down payment is within the land that is already payed [...]

My lender told me I qualify. Can someone let me know where is a good spot to find info on the new loan or even just tell me what exactly it is that I qualify for? The person I spoke with told me they would have to have a mortgage specialist call me in 7-10 [...]

I received another customer’s faxed payoff request with his personal information. I had requested a payoff request and my financial institution faxed me someone else’s. I’m concerned that mine may have been faxed to him. All of my information could be in someone else’s hands, therefore my personal information could be at risk. What should [...]

I’m a new Real Estate Investor looking for backing using my EIN only. I don’t want my personal profile mixed in with my business profile. Looking to buy multi-family property. The only way to accomplish this is by securing your loan by your business assets, not the property you want to buy. So, when you [...]

Called my mortgage lender and was told I didn’t qualify because my income to expense shows me at -$1500.00. I said I know cause I lost my job. It doesn’t make sense. So they are saying if I have the money they can restructure. Am I missing something? Yes, with no way to make payments [...]

I need to find information on mortgage/business loan payment deferment (or other possible solutions) due to a medical situation? This is in regards to an active loan. Am seeking solutions for a friend who has a small business and is trying not to default on the loan for the building he is in. He requires [...]

I have access to public information in my area but i dont really know how to use that information to gain mortgage leads. I am able to search for FHA, VA, Conventional, and Balloon programs. Which is my best option and why? Thanks I would think Balloons because they are like to be the ones [...]

I need to know: 1) The maximum Loan to Value Ratio currently applied? 2) Do lenders typically conduct an appraisal on the property to determine the lending value? why or why not? 3) What is the maximum Gross Debt Service Ratio currently applied. 4) What is typically included in the lender’s Gross Debt Service Ratio? [...]

I got a letter from my mortgage company saying that an employee "may" have sold the information off my application. They have fired the person, but the deed is already done. What should I do? What would you do? The mortgage company said I get complimentary credit reviewing for two years… but did not mentinon [...]

Before putting in an offer for a home, is it the buyers responsibility to verify the sellers mortgage information…. just incase the buyer accepts a price that is below his/her mortgage(s) I ask because I already did put an offer in and it was accepted by the seller. Shortly after I found out that the [...]