Archive for the ‘home mortgage’ Category
What new forms are used in obtaining a home mortgage loan in 2010? Sam Tuttle
http://SamTuttle.wordpress.com – In this video, Sam Tuttle, Senior Loan Officer at PC Home Loans in Puyallup, Washington, addresses a question of what new forms are being used and expected from lenders now in 2010.
The new Good Faith Estimate for 2010 and HUD Final Closing Statement have been revised and are now being used to supposedly give a clear picture on total costs for a loan, for homebuyers.
For any questions, please contact your loan officer or you can contact Sam at (253) 381-8223.
Duration : 0:1:58
Can I get a home mortgage if I have a lot of student loan debt?
I have debt from school, but I am interested in buying a home. Would I be able to get a mortgage?
most likely. You will just have to show them that you are able to pay your mortgage payment, insurance and taxes and also your student loans. They wont give you a mortgage loan if your credit ratio is out of whack, meaning that you owe a percentage more than what you earn per the credit you do have. You can get someone to cosign for you if anyone will do that for you, that would be your best option if you see some negative responses. Do not get tied into an adjustable rate mortgage, just some added advice.
Also, apply for the federal first time home buyer grant. It is money for you to use to apply to the mortgage or down payment that the government grants first time home buyers with some general stipulations that you do not sell within 5 years, or rent within 2 or 3 years. But its money you dont have to pay back. Its a grant.
Good luck!
Tucson Home Mortgage Update 2-22-10
http://www.tucsonmortgageblog.com Todd Abelson and Tyler Ford’s Tucson Home Mortgage Update
Duration : 0:3:11
Mr Mortgage – Home Equity Delinquencies Surge
Check out my new blog…
http://mrmortgage.ml-implode.com
S&P, BofA and Fitch all concur that the ‘Home Equity Implosion’ is knocking on, or kicking down rather, the front door.
Duration : 0:6:22
After closing on a home mortgage how long after the 3 day cancellation period may the lender delay payment?
I refinanced my home to get equity out of it. I closed on my loan and waited through the 3 day cancellation period. My new lender has excuse after excuse about why they are not paying! I now can’t cancel the loan as I a past the cancellation period but I also cannot get my equity money or the payoff of the original mortgage. Now what? Is this illegal?
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February 16 – Cyrus Updates his clients on Home Mortgage Trends, Real Estate Prices
With the expiration of the Government’s Mortgage Backed Securities repurchase program, rates are sure to go up, but by how much and how could someone take advantage of the current real estate and mortgage interest rate market?
Duration : 0:4:27
Mortgage rates likely to rise soon
The government will soon scale back stimulus programs that have kept mortgage rates low, business reporter Walter Hamilton says. Buying a house is likely to get more expensive. Read more at http://bit.ly/cRS6ue
Duration : 0:1:31
What percentage of your net income should go towards a home mortgage?
Lets say you have $5000 coming in per month, how much is a safe amount to spend on a mortgage, while still saving some for car payments, other loans, insurance, groceries, emergencies, etc? My dad said a 1/4 of your net income is a good idea per month to spend on your home payments…agree? disagree?
Your father is exactly correct! Listen to him! The people on here that recommend, 33% as a mortgage payment are also the ones who have contributed to the mortgage crisis in this country today! 33% of your net income is too much. It doesn’t leave you any buffer.
Tucson Home Mortgage Update 2-16-10
http://www.tucsonmortgageblog.com Todd Abelson and Tyler Ford’s Tucson Home Mortgage Update
Duration : 0:2:46
How can my fiancee get out of a home mortgage?
He has moved out of the home and his soon to be ex-wife is still living in it. He had to give her his key, so he isn’t even allowed to go into the home without her permission. He isn’t paying anything towards it and doesn’t intend to.
Is there anything he can do to alleve himself of this mortgage that’s hanging over his head?
If his name is on the mortgage, he’s still legally responsible for paying the mortgage payments. The bank isn’t going to care whether he’s actually living in the house or not — they’re only going to care that he promised to pay them back all that money he borrowed, and now he’s not doing so.
Your boyfriend needs to get his lawyer to work on this ASAP. If his STBX can’t afford the mortgage on her own, then the house needs to be sold. The divorce agreement should spell out specific, detailed instructions on how this should be done and how the proceeds should be divided.