I know debt to income is a huge part of it, but used to be you could qualify for a mortgage loan with a 620. What kind of credit score are they looking for now?
Uh, Mercy, thanks, but I’m not contacting anyone for a loan who has a yahoo email account as their business account.
Hi, Scott….um…ARE YOU SERIOUS?
Updates from January, 2010
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What’s an acceptable credit score now for a mortgage loan?
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Can you get a loan without using home equity?
I know as a homeowner you can get a loan using your home equity, but if you do not want to do that, are there any other ways of getting a loan.
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How can i get low interest rate mortgage loan?
My household (my self and my wife) income is around 42K per year. I am planing to buy house. will i get any low interest rate because of low income. my credit score is really good above 800.
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Have you ever worked with CTX for a mortgage loan?
I’m purchasing a home in North Carolina and just wanted to hear any experiences from using CTX mortgage?
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should I take a home equity loan from a rental to help pay for a new home purchase?
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home equity loan questions?
I own a home in Oregon appraised at 8,000. It’s paid in full. We want to relocate to Raleigh, NC. On a recent trip we made a offer on a home and it was accepted, the sale is pending. To purchase this home I am planing to use the equity in my paid-off home, pay cash for the new home of 0,000, then sale my home in Oregon and therefore the loan would be cleared.
Any better options for doing this? My payments will be about 00 on the equity loan and I would sure like to avoid having to pay more then one payment. Can i request my payments to be delayed for 90 days? What is the maximum? I wish to sell my old home before having to make those huge payments.
Any tips or advice is appreciated on how to save as much as possible. Thanks!
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Where can I learn the mortgage loan process before starting work?
I’ve accepted a positon as a mortgage loan officer and it’s been several years since I’ve worked in this industry. I don’t want to walk in cluesless but I know things have changed such as required documents to receive a Good Faith Estimate. Thanks for your help and any tips on being successful are welcomed.
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Anyone out there get a home equity loan with not so good credit.?
Just wondering if there is anyone out there that has recently got approved for a home equity loan with a "bad" credit score. Or any good suggestions on where to try? Thanks and no stupid rude answers please.
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what is a home equity loan?
i’m pre-approved for a home equity loan of up to 125,000.00. what exactly does this mean? (i realize this sounds like a dumb question)
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what is a home equity loan?
i’m pre-approved for a home equity loan of up to 125,000.00. what exactly does this mean? (i realize this sounds like a dumb question)
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Is It sill possible to receieve a subprime mortgage loan, after the subprime meltdown?
I looking for a subprime lender who is willing to take a chance on giving me a home loan. After the meltdown are all lenders running for cover or are all of them putting everybody in the same basket? Me and my fiancee’ are fulltime employees for 9 years. Pay all of our bills on time. But credit scores take forever to rise. Are there still anybody out there thats willing to give some good people a chance?
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Can I convert my 2nd mortgage to an unsecured loan?
I am planning on selling my home. I have a 2nd mortgage through the same bank that holds my original mortgage. Would the bank consider converting the 2nd mortgage to a regular loan? My 2nd mortgage is only 13,000 but it does make a difference with the slow housing market.
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What is the normal/max that a lender will lend on a home equity loan if?
The house appraises for 111,000. I am looking to add on and other remodel jobs.
Oh yeah, forgot to add that DUH house is paid for free and clear!
Thanks to every one that was smart enough to assume that is what I meant. -
What is the main thing banks are looking for to approve a mortgage loan modification?
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Can a mortgage on the house be payed off by home equity loan?
Is it possible to pay off the mortgage with an home equity loan if the APR is less than what I am paying right now? I understand that if I refinance, there are closing costs and for home equity loan, there are none, am I correct? What are the advantages and disadvantages of doing that? Please advice.
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How much cancellation fee would you have to pay if you cancel a mortgage loan?
If you decide to cancel upon 2 days after signing the contract.
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What is the difference in a mortgage loan being funded and a loan being recorded?
Are these the same thing? If not, do they happen at the same time?
This is in California. How long of a process between the two? -
What is the difference in a mortgage loan being funded and a loan being recorded?
Are these the same thing? If not, do they happen at the same time?
This is in California. How long of a process between the two?