My GF and I have gotten a commitment letter on a 30 yr FHA fixed rate loan for 400K. I think the fees/points seem high. Commitment Fee – 1.0 point = $3,949.00 Discount Points – 1.5 points = $6,041.97 Underwriting Fee = $575.00 We both have low fica scores. 590-630 This is not a solicitation [...]

the buyer asked for renegotiation, and time to rework the mortgage, now the seller wants to sue the seller is a sale by owner, the final mortgage was sent to the closing without consent of the terms, which were changed to increase money at closing to almost 10,000 more, the buyer threatens to sue and [...]

Ie,25 years after Dave and Diane bought their house, they ?????’d their mortgage and moved to Florida. paid off paid down addthis_url = ‘http%3A%2F%2Fwww.ucufutsal.com%2Fmortgage-terms%2Fwhat-is-are-common-non-technical-terms-for-repaying-a-mortgage’; addthis_title = ‘What+is+are+common%2C+non-technical+terms+for+repaying+a+mortgage%3F’; addthis_pub = ”;

I believe it means you need to have the funds in the bank for at least 60 days. addthis_url = ‘http%3A%2F%2Fwww.ucufutsal.com%2Fmortgage-terms%2Fwhat-does-60-day-seasoning-mean-in-mortgage-terms’; addthis_title = ‘What+does+60-day+seasoning+mean+in+mortgage+terms%3F’; addthis_pub = ”;

Banks are famously wary of lending to small-business owners. So how did you manage to get a mortgage with reasonable terms? Or did many banks refuse you? As long as your credit history is excellent, you should have no problem getting a decent mortgage with reasonable terms. Even an 80-20 mortgage with zero down is [...]