Renting & Real Estate
Where can I get a good rate on a house loan for a manufactured home?
Dec 5th
I would like to refinance our home. It is a manufactured home on a permanent foundation. I am interested in finding a loan with a fixed rate as we have a loan right now with a variable rate that is skyrocketing.Submited by:cuddlebear_2
How long can a bank consider a bid on a home?
Dec 3rd
mesasa1978 asked:
We placed a bid on a bank-owned property ten days ago. We have not, as of yet, received a decision. We suspect the bank, Novastar Mortgage, is holding out for a higher bid. How legal or illegal is this practice?
We placed a bid on a bank-owned property ten days ago. We have not, as of yet, received a decision. We suspect the bank, Novastar Mortgage, is holding out for a higher bid. How legal or illegal is this practice?
How come my loan officer wants me to show my bank statements?
Dec 1st
I am doing a Stated Income loan. Why do I need to show bank statements if I have direct deposit from my employeer? That would be “showing my income” compared to “stating my income.” Do I have to show them? And, is there another way around it? Please help!Submited by:cheryl4785
How much can I undercut the bank on a bank owned property?
Nov 24th
I am planning on bidding on a bank owned property in Cleveland. I know, I know. I live here. In either case, the property is listed for $126k. realistically, how much can I undercut the bank?Submited by:mhenrycrc
What is an interest only loan and what are the benefits and drawbacks?
Oct 30th
homeless asked:
I was recently pre-qualified for a loan and the loan officer didn’t mention any other loan programs except for an FHA? I had to ask about the first time buyers program. I’m just wondering what are some other loan programs and where could I find out about them.
I was recently pre-qualified for a loan and the loan officer didn’t mention any other loan programs except for an FHA? I had to ask about the first time buyers program. I’m just wondering what are some other loan programs and where could I find out about them.
Is it possible to take a 200k loan and buy a 100k house?
Oct 25th
Some loan office told me to take a loan and it’s at 200K. I found a house at 100K and is just planning to buy that. It’s a 2 rooms and 1 bathroom house. With the other 100K, I’m going to invest it and collect on the interest. Is it possible of me to do that? O also, I want the other 100K because like my mom and dad, they didn’t have any money at all in the bank or what so to pay their house so they had to sell it. Now if I had that extra 100K invest, I’m going to get at least a bit of % back right. Also if inflation happens, I can be able to use the other 100K to pay off the mortgage
Anyways, can anyone tell me about this? New to the game.
9$ an hour and is getting about 30 hours a week.
Girl make about 9$ an hour also and about 30 hours a week also. Can we make it and is that loan possible or do I have to get a 200K house? Thanks for the help guys.Submited by:Nidwal
What kind of loan do you get to fix up a new home you just purchased?
Oct 18th
I am purchasing a foreclosed home and the previous owners took the kitchen cabinets and counter tops. Now my banker says I can’t get additional money to purchase what i need to fix the kitchen. So my question is where do I get a loan for that? Or what kind of loan?Submited by:Julie L
What happens to mortgages if the bank goes out of business and no one wants to buy them?
Oct 10th
boilerette72 asked:
I hear that if a bank goes under other banks will buy these mortgages. But with so many mortgages exceeding values of homes, many banks might not want to buy the mortgages. What would happen if a bank goes under, and no one wants to buy their crappy mortgages?
I hear that if a bank goes under other banks will buy these mortgages. But with so many mortgages exceeding values of homes, many banks might not want to buy the mortgages. What would happen if a bank goes under, and no one wants to buy their crappy mortgages?
How exactly do ‘interest only’ mortgage loans work? When do I pay on the principle of such a loan?
Oct 8th
I know APR loans are a bad idea, but how would an interest-only loan work? Would it still be a 30 year note, or do they extend the loan? Would I be able to get a fixed rate with an interest-only mortgage loan?Submited by:ronidl76
What happens if a loan rejection happens after the option period is up and an offer is already made?
Sep 29th
toni asked:
I heard FHA loans can take anywhere from 1 to 6 weeks to approve. If our option period is 10 days from today, and we get rejected for our loan 15 days from now, what happens? Do we just lose our earnest money and that’s it? Or is it a more serious problem, as we’ve already made an offer because we were preapproved?
I heard FHA loans can take anywhere from 1 to 6 weeks to approve. If our option period is 10 days from today, and we get rejected for our loan 15 days from now, what happens? Do we just lose our earnest money and that’s it? Or is it a more serious problem, as we’ve already made an offer because we were preapproved?