Renting & Real Estate
How soon can you use a VA loan to purchase a home after a shortsale on an FHA loan?
Mar 23rd
My husband and I did a short sale on our home 15 months ago on an FHA loan, because we were stationed over seas for three years it became to hard to hold onto the home. We would like to purchase another home using my husbands VA benefits now that we will be stationed stateside again. How long do we have to wait to use the VA loan?Submited by:Brandi
What are the ins and outs of getting a construction loan to build a home?
Mar 10th
amyann16 asked:
My husband and I are 1st time homebuyers. We have been preapproved for a house loan, but are not having luck finding what we want. We have toyed with the idea of building our own. What are the differences between getting a preapproved loan and buying a already built house and going through getting a construction loan? Do you have to put money up front for a construction loan? Do you make mortgage payments while the house is being built, or do you wait until the house is completed? Is there a time frame that the house must be built within? If we were preapproved for a certain amount with a homebuyers loan, would we likely be preapproved for the same amount for a construction loan? What other differences should I know about? Since we are first time homebuyers we do not have much collateral (we do have some savings, but not a ton), would that affect our ability to get a construction loan?
My husband and I are 1st time homebuyers. We have been preapproved for a house loan, but are not having luck finding what we want. We have toyed with the idea of building our own. What are the differences between getting a preapproved loan and buying a already built house and going through getting a construction loan? Do you have to put money up front for a construction loan? Do you make mortgage payments while the house is being built, or do you wait until the house is completed? Is there a time frame that the house must be built within? If we were preapproved for a certain amount with a homebuyers loan, would we likely be preapproved for the same amount for a construction loan? What other differences should I know about? Since we are first time homebuyers we do not have much collateral (we do have some savings, but not a ton), would that affect our ability to get a construction loan?
Should I apply for new construction loan while waiting for refinance to close?
Mar 2nd
ounlopez asked:
My wife and I are refinancing our home. It looks like it will be done in a few weeks. We hope to use money we get out of the refinance to put down on a construction loan. Do you think we should wait to do something on the construction loan until after the refinance closes? What about getting pre approved for the construction loan?
What if I just get pre-approved so that I can make an offer on a piece of land?
How do I calculate payments on a amortized loan?
Feb 11th
So I have a Business Analyst BAII Plus, Texas Instruments calculator and I want to know how to figure out the payments on a loan. I know how long payments will be made, interest rate, amortization (years), and loan amount. Can anyone tell me how to calculate this using my calculator, or any websites that can tell me. Thanks!Submited by:Ross R
How can I get a loan for house that will not past inspection?
Feb 1st
I’m trying to buy a home that I know will not past inspection, so I know I won’t be able to get a loan. Is there a way around it?
Well the home I’m looking at is a really great deal and I know the problems are fixable.Submited by:bnc
How difficult is it to get a home mortgage loan?
Jan 17th
kelly m asked:
I am looking to get a loan for a modular home and a piece of land. We would need about 250,000. My husband claimed bankruptcy in 2001 before we were married. I have good credit and make close to $60,000. However, I do have a few credit cards and a student loan to pay. He makes about 35,000, has limited credit cards and a car loan. For the most part we both pay our bills on time. Do you think the bank will even consider giving us a loan?
I am looking to get a loan for a modular home and a piece of land. We would need about 250,000. My husband claimed bankruptcy in 2001 before we were married. I have good credit and make close to $60,000. However, I do have a few credit cards and a student loan to pay. He makes about 35,000, has limited credit cards and a car loan. For the most part we both pay our bills on time. Do you think the bank will even consider giving us a loan?
Student loans not in repayment or in deferral included in a mortgage loan application as an expense?
Jan 10th
Am applying for a mortgage loan and have two school loans already on my credit report but specify one is not in repayment and second is deferred. However, the loan application is requesting all expenses listed on my credit report. Are these loans not in repayment included in my expense ratio?
By: Ana C
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By: Ana C
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How exactly does a bridge loan work?
Dec 19th
luvmyboy9 asked:
My husband and I found a house that we really want. We are trying to sell ours right now for 65,000, leaving 32,000 that we still owe on ours. A family member has offered to give us $20,000, agreeing that will will pay them back as soon as we sell ours. Question is, how would this money be beneficial in a bridge loan and how exactly do they work?
What is the best type of commercial property loan to get for a small business?
Dec 15th
Dorian asked:
I am interested in getting a commercial property loan to buy new premises for my small martial arts business. Does anyone know the best type of loan to get?
I am interested in getting a commercial property loan to buy new premises for my small martial arts business. Does anyone know the best type of loan to get?
Should I REFINANCE a construction loan to a permanent loan OR convert to a permanent loan?
Dec 15th
It seems that interest rates are much lower for refinancing existing loans, as opposed to new loans. I have a construction loan which doesn’t expire for a few months, would it be better to refinance the construction loan to a permanent mortgage or do a construction to permanent conversion loan? Which will get me a lower interest rate?
By: Whitney
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By: Whitney
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