Archive for November, 2008
What is the best home loan for a short term mortgage?
Tom W asked: It is for an investment property and I am only planning on holding on to it for 3-5 years. What is the best home loan available with the lowest payment without any differed intrest?
Is being an F&I guy at an auto dealership similar to what a mortgage loan officer does?
chitownj12 asked: I am interviewing for a F&I position right now with an auto dealership. I don’t have much if any experience with auto sub-prime lenders and lending. However, I have been in the mortgage industry and have worked as both a loan officer, analyzing credit and assets of individuals and shopping sub prime lenders [...]
How do I build a successful career as a good mortgage loan officer in a down housing market?
KEVIN Z asked: I have recently become a mortgage loan officer in the DFW area. There is not a lot of experience in my office. Any advice where I can get assistance to survive this market? I would be happy to learn how to close at least one loan per month then build from there. [...]
What are the steps to buying a home via a va home loan?
cdngirl80 asked: We’re a military family, and I believe eligible for a VA home loan. We have about 30K in credit card debt, but are hoping to pay it off before applying for the loan. Just wanted some info on what to expect.
Is it possible to get a mortgage for a house if I am unemployed?
Mike asked: Let me be specific: I have 130,000$ cash, but am unemployed. I received this money as an inheritance. I intend to buy a house with several floors and tenants. Is a mortgage possible in my case? My intention is to at first keep payments going for the mortgage through the revenue generated by [...]
2nd mortgage Foreclosure: How long is the delay to put it on your credit?
hruss7 asked: We paid off a 2nd mortgageforeclosure before it went through. We continued to pay on our first mortgage with no problem. The attempted forclosure was not on our credit report until we refinanced with a new mortgage company. Is this fair? It looks suspicious that it only appeared on our credit after we [...]
Can they denied you a home loan if you already have a student loan?
jaydra asked: Im trying to purchase a home but already have a student loan?
My loan is deferred, Means i dont have to pay for it because im still going to school.
Can our mortgage company require us to go with their insurance company?
ecemajor asked: We are in the process of trying to refinance with a new mortgage company. We currently have homeowner’s insurance through Farm Bureau Insurance, as well as boat, automobile, and life insurance. The mortgage company we are refinancing with is saying that we must have and escrow account and pay their OWN homeowner’s insurance, [...]
What is the best value mortgage to get in the UK?
Andr asked: Am a first-time buyer. Outlay will not be more than 120K. Any information about type of mortgage and company owuld be appreciated!
No advice from 12 year old hookers, please.
How long do it take to get a credit score for a mortgage loan?
Dveney asked: My wife and I was trying to apply for a mortgage loan and the mortgage company said that she did’nt have a credit score. She don’t have any debt or anything. Her credit history is clean. How does she go about getting a credit score as soon as possible and how many forms [...]
