Joshua Rowland
Which number does the mortgage lenders look at (DTI)? *noob ques*
Hey guys, I believe for self-employee income the mortgage lenders use your net-income to qualify you for your DTI? Which number would this be on the screenshot below?
Michael Rivera
Possible to change the lender at the time of mortgage renewal?
Hi,I’m planning for my mortgage renewal. But, I have a doubt. Can I change the lender at this moment? I am using Canada mortgage direct( http://www.canadamortgagedirect.com/) and renewal is a necessity for me. My cred...
Abner Sanchez
19 YEARS OLD FHA LOAN
Hey Guys, I'm Abner. I just have a quick question. Is it possible to obtain an FHA loan with only 18 months of work history? I have done my research and seen that I can use my College Education (school history) to mak...
Karl Johnson
Paying off Pre Foreclosure
Is it possible to open up an escrow account & deposit the needed funds to pay off a pre-foreclosure debt?EX: -Homeowner defaults on loan -They somehow get cash needed to make mortgage current -They go to title c...
Stephanie Garcia
new members
Hello all,I am a new member. I have been researching real estate since I purchased my first house in 2012 but more recently listening to books since last September. I have a real estate agent I like working with, do I...
Nathan Hansen
Need urgent help with Auction financing
All,
Apologies if this question has been asked and answered before. I tried to look through the messages and could not find what I was looking for. Your help is truly appreciated.
I am trying to buy a property at a ...
Account Closed
80/15/5 PURCHASE...DIVIDE & CONQUER - REVISED
(REVISED POST due to someone reporting me for Self Promotion)80/15/5s are coming back!For those who don’t know what these programs are, these loans allow a buyer to purchase with only 5% down, no pmi (also on Jumbo p...
Shalom Benton
Financing on “future rent” ??
I’m looking to purchase a quad and I want to use the future rents to show that the property can pay for itself. I’ve been told that you can do this, but when I asked my loan officer if that was a possibility, he said...
Jay Welch
I got 2 lenders with 2 very differaent rates: What's up??
Trying to buy a house at 339k. Salary 110k and FICO 629. FHA loan. I applied with two well known local mortgage lenders. I got two very different interest rates/offers: #1: 3.5% down, Interest rate 4.625%. Mont...
Minna Reid
Probably a Stupid Question
How exactly does seller financing work? When would it be a good choice?
For example, let's say I want to sell my condo to the people who rent it, rather than evict them to put it on the market. They have bad credit a...