I have a mortgage appointment with my boyfriend in 2 days and we have been asked to take bank statements from the last 3 months with us. My statements are awful. so i have two Qs: 1. What do they look for in the bank statements 2. What would happen if i don’t take statements [...]

Obama promised a 3 month moratorium on foreclosures. Do you think that by blocking banks from foreclosing on mortgages that are in default will make even more people who are struggling decide not to meet their mortgage obligations? He speaks only for the people who have shown good faith and one who are trying and [...]

I recently had my property appraised,but my lender refuses to give a copy of that appraisal report.Can they do that or are they required by law to give me a copy? The appraisal usually goes to the bank. The Loan Officer will tell you what the value came in at. This is the most important [...]

I bought a house in feb of 2009, the lender was TBW. TBW was forced to close. B of A assumed the loan and I am very dissatisfied with the service Im getting. How difficult is it to get a new lender. Im not looking to refinance or pull out equity. You can only refinance, [...]

Do they make money off of them somehow? Is this some twisted scheme? Here is what happened with the "mortgage crisis" (in a nutshell)… Those who study mortgage trends have said that there has been a pretty consistent pattern of a "bust" in mortgages about every 18 years since World War II. We’ve seen problems [...]

I’ve heard there are some "niche programs" that will look at either your highest score or the average of the 3. My middle score is 5 below what it needs to be and all that’s standing between us and this beautiful home my husband and I found is that score!!! =( Does anyone know of [...]

I do not understand why a mortage company would forclose on a buyer because of the housing bubble burst without offering a lower rate. The mortage company after forclosure will have to sell the house at a lower price to someone else. They will lose monies doing this, will they not? How can they make [...]

Considering that people who work 100% on sales commission have months that can vary quite a bit, what do you they do to figure out your monthly income? Chir– When they figure out your monthly income do they take 3 years and divide it by 3 to get the average or do they tend to [...]

I have a conditional approval on a loan and they are requesting bank statements, what do they look for on the statements? It is for an FHA loan. They look for how much money you have and how long you have had about that much money. Any large amount of "new" money would need an [...]

Let’s say someone wants to get out of having to buy a new property they had put down a deposit for a couple years ago. The only way I see to get that money back as stated in the contract is to disqualify for the loan per the developer’s selected lender. How can I do [...]