Monthly Archives: May 2009

What are some new requirements for home purchase or refinance?

Yoli asked: I’ve seen alot of changes in mort. lender requirements;
i.e. 3 months principal, interest, tax and insurance payments seasoned for 3 months in a personal bank account prior to buying or refinancing a home. Verification of rental pmt. history from a property mngmt. co. or cancelled checks for the rent. [...]

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Any suggestions as to how to refinance when your upside down on a mortgage?

?Sweet? asked: My husband and I bought a home from my husband’s former employer for $160,000. The home appraised at $140,000. The employer co-signed and put up a $20,000 CD as collateral. We didn’t have good credit and had to pay some things off, so the employer did that for us, so we owed him [...]

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Who is the best mortgage refinance company?

get-r-done asked: We are looking to combine our first and second mortgage on our home. current first approx. $80,000 current second approx $60,000 house value @ $165,000 would also like to have a little cusion in the bank. With less than perfect credit who is our best choice of lenderKeisha

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My credit median credit score is 760. Shouldnt I be able to get the best rates available for a mortgage loan?

t_williams_1 asked: When I tell a mortgage company about my credit score, it doesn’t seem to help any in getting the best rates available. How much does your credit score “HELP” you? I know that it can hurt your chances of getting a good rate on a home loan.Desiree

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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?Milan

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