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If I have been cancelled out of a chapter 13 bankruptcy, when can I qualify for an FHA loan? How long after Chapter 13 dismissed can I get an FHA mortgage? What happens if I cancel my Chapter 13? How long after bankruptcy can I qualify for an FHA loan? How soon can you get a mortgage after Chapter 13 discharge?

If I have a warranty deed in lieu of foreclosure on a timeshare, will I be able to get a mortgage loan? Is a timeshare foreclosure the same as a foreclosure? Can I get a mortgage with a timeshare foreclosure? What is one disadvantage of a deed in lieu foreclosure?

Does a deed in lieu of foreclosure affect credit? What benefit would an owner get from a deed in lieu of foreclosure? What might prevent an Arizona lender from accepting a borrower’s deed in lieu of foreclosure? What is a major disadvantage to lenders of accepting a deed in lieu of foreclosure? Why do lenders prefer a deed in lieu of foreclosure to a foreclosure?

• This discussion was modified 8 months, 1 week ago by  Sapna Sharma.

If a homeowner has two mortgage loans on their home, for a short sale to occur, do both lender need to approve the price?

We are going through the mortgage process, we are waiting for the appraisal at the moment. However we just received notification that an unpaid medical bill for $149 just hit the coborrowers credit report. Could this derail our loan process and cause our loan to be declined?

Is it legal to use a self-employed monthly paycheck as expense instead of net? Can I claim self-employment expenses without income? Is self-employed income gross or net? Can you write off payroll as a business expense? Can a self-employed person pay themselves a salary?

Is It Better To Apply For FHA Loan During Or After Chapter 13 Bankruptcy Discharge? How soon can you get a mortgage after Chapter 13 discharge? How long after Chapter 13 can I get a home equity loan? Can I get a loan after Chapter 13 discharge? What is the waiting period for a FHA loan after Chapter 11? What are the rules for an FHA loan after Chapter 13 discharge? How long after a Chapter 13 discharge can I get a mortgage? How long after Chapter 13 can I get a home equity loan? What is an FHA waiting period completion?

Is it possible to be pre-approved for USDA and a Conventional product? We really would like to stay in the town we live in, but it is excluded from USDA. We like the USDA mortgage for all the reasons that make it popular. So can a person get two types, in case homes come available in different areas or would it be best to just get conventional pre-approved? Can you have a USDA and Conventional loan at the same time? Does USDA allow non-occupant co-borrowers? What would cause a USDA loan to be denied? How strict are USDA appraisals? Can you avoid PMI with USDA loan? Can you have an FHA and USDA loan at the same time? What is the maximum debt to income ratio for a USDA loan? What are the requirements for a USDA loan in Oregon? Can USDA loan be used on Fixer Upper? Is there an income limit for first time home buyers in Oregon? How does USDA calculate household income?

IS THERE A DIFFERENCE BETWEEN FANNIE MAE AND FREDDIE MAC? What is the main difference between Fannie Mae and Freddie Mac? Are Fannie Mae and Freddie Mac guidelines the same? How do I know if my loan is Fannie Mae or Freddie Mac? Who qualifies for Fannie Mae and Freddie Mac? Are Fannie Mae and Freddie Mac guidelines the same? What is the main difference between Fannie Mae and Freddie Mac? What is a loan that doesn t comply with Fannie Mae or Freddie Mac’s underwriting guidelines called? What are Fannie Mae underwriting guidelines?

Is $735.00 monthly in ssi income enough to receive any type of home loan or home ownership program? Does SSI count as income for a mortgage loan? Can I use SSI money to buy a house? Can I get a loan if my only income is Social Security? Can people on SSI take out a loan? How is Social Security calculated for a mortgage? Can I get a home loan if my only income is Social Security? Does Social Security count as income when applying for a loan? How do they calculate Social Security income?

How Do Lenders View a 30-Day Rolling Day Late Payment on Credit Report? Do they count is as a one time late payment or a late payment every month? Can I get a mortgage with a 30-day late payment? How bad is a 30-day late payment? What is a rolling 30-day late? How do you explain late payments to a lender? How long does it take to recover from a 30 day late mortgage payment? How bad does one 30 day late payment affect credit score? How long does it take to bounce back from a 30 day late payment? How to get a 30 day late payment removed? How long does it take to repair credit after late payments? How long will one 30-day late payment affect credit score? How many points does a 30-day late take off? How long does it take your credit score to recover from a late mortgage payment?

Is 120 Day Late On Mortgage Payments Considered Foreclosure? How many late mortgage payments before foreclosure? What are the exceptions to the 120-day foreclosure rule? What does 120 days delinquent mean? What is the 120-day default period for mortgage? How far can you get behind on mortgage payments? How long can you go without paying your mortgage? What happens if you are 3 months behind on your mortgage? Can a bank foreclose if you make partial payments?

What is the correlation between house prices and interest rates. Is the time right to refinance when rates are high, inflation is high, and home prices are at all time high? Is It Good Interest Rates Are Rising? Is it a good idea to refinance at a higher interest rate? Is it a good idea to refinance a house right now? At what point does it make sense to refinance? Is it a good time to buy a house when inflation is high? What is the relationship between interest rates and home prices? Is it better to buy a house when interest rates are high? What is the interest rate forecast for the next 5 years? What’s a good mortgage interest rate?

• This discussion was modified 8 months, 2 weeks ago by  Peter.

How much reserves do you need on a home purchase? What is the maximum debt-to-income ratio you can have for a home purchase? Also, regarding student loans do you go by IBR income based repayment plans and what’s on the credit report payment reported monthly. Was the maximum loan amount you can have on a home purchase? How much money should you have saved before buying house? Is $5,000 enough to buy a house? How much income do you need to buy a $200 000 house?

Is 50K enough to buy a house? How much money should you have saved before buying house? How much should I spend on my first house? Is $5,000 enough to buy a house? How much should I invest in my first house?

How much money should you have after closing on a house? How much should I have saved to put down on a house? What happens if you don t have enough money for a down payment? How much money should you have leftover after a down payment? How much money should i have saved if I am not planning on any money down and lender or seller credit for all of closing costs?

• This discussion was modified 8 months, 2 weeks ago by  Peter.

How does an underwriter calculate rental income? How is rental income calculated for debt-to-income ratio? Do leases count towards debt-to-income ratio? Do mortgage lenders consider future income? Do banks consider rental income for a mortgage? Can I use future Airbnb income to qualify for mortgage? What is projected rental income? Can I use future income to qualify for a loan? Can you use future rental income to qualify for FHA? How to calculate rental income? Does FHA allow future income? Can future rental income be used to qualify for a mortgage? How do underwriters verify rental income? Can income from a rental property be used as qualifying income? What is included in debt-to-income ratio for mortgage? What is the maximum DTI for investment property? What is the formula for debt ratio in real estate? How do mortgage underwriters calculate on future rental income as qualified income on debt to income ratios calculations?

• This discussion was modified 8 months, 2 weeks ago by  Gustan Cho.

How can I get approved for a condominium mortgage loan? How does condominium mortgage loan work? How can I get a loan of approximately $60-65,000 on a condo in Florida with high DTI but excellent credit, 20% down (purchase of $75000). A mortgage lender denied me, waiting for denial letter.

How far back do mortgage underwriters need to see child support payment history? How do underwriters review child support payment history and how many months of child support payment history is required? What are the agency mortgage guidelines on child support payment history on HUD, VA, USDA, FANNIE MAE, AND FREDDIE MAE AS WELL AS JUMBO AND NON-QM LOANS?

Is The Home Purchase Agreement Void if FHA pre-approval on current employment & buyer won’t have 6 months of employment until 50 days after the pre-approval letter? What is the FHA 6 month employment rule? Does FHA allow seasonal income? Do FHA loans require 2 years of employment? What is the final verification of employment for FHA loans? Can you use an offer letter for FHA loan? What is the FHA 6 month employment rule? What are the requirements for a FHA employment contract? What are the rules for FHA verification of employment?

Is it possible to obtain a FHA mortgage during active Chapter 13 with another bankruptcy from years prior? How long after a Chapter 13 bankruptcy can I get an FHA loan? Can you get a mortgage after a Chapter 13 bankruptcy? Can you get a loan while in Chapter 13? Does FHA allow multiple bankruptcies?

HOW TO WRITE A SAMPLE LETTER OF EXPLANATION FOR MORTGAGE UNDERWRITERS? WHAT ARE THE STEP BY STEP INSTRUCTIONS ON HOW TO WRITE A LETTER TO MORTGAGE UNDERWRITERS?

HOW MORTGAGE BROKERS CALCULATE INCOME AND RATES?

I am considering taking out a VA loan, but I need to know how to go about this. I understand that I have to meet certain requirements to qualify, but I’m not sure what they all are, especially when it comes to getting the VA Certificate of Eligibility (COE). Would someone be kind enough to explain it to me and take me through all the procedures for obtaining the COE?

HOW DO COMMERCIAL LENDERS VIEW BORROWER’S CREDIT?

How Credit Scores Impact Mortgage Rates On Conventional Loans?

How can a bankrupt person establish credit with a 400 FICO SCORE?

How Mortgage Underwriters Calculate Borrowers Debt To Income Ratios?

I filed bankruptcy and got it discharged two years ago. I know different loan programs have waiting period after Chapter 7 Bankruptcy. I worked hard in re-establishing my credit and am successful with my job as a digital media marketing consultant. I can put $300,000 down payment on a home purchase and want to buy a $1.2 million dollar luxury home. I am worried about qualifying for a jumbo loan after Chapter 7 Bankruptcy due to the waiting period requirements. How many years will you have to wait after filing Chapter 7 Bankruptcy for Jumbo loan?

I own a house but want to sell my existing home and rent it out and buy a larger home. How much time must pass from Chapter 7 Bankruptcy discharge to be eligible for a second home loan? How would using house #1 as a rental affect DTI? Do we need to find the tenant first?

HOW TO DEAL WITH CHARGE OFFS ON YOUR CREDIT REPORT?

Many homebuyers with less than perfect credit or marginal credit and/or income are afraid of entering into a real estate purchase contract in the event they get denied. However, mortgage lenders like GCA FORUMS MORTGAGE GROUP, powered by Gustan Cho Associates offers TBD Mortgage Approval, which is a full loan commitment issued by the underwriter with the exception of the subject property. Our viewers and borrowers get a lot of Frequently Asked Questions from homebuyers on how TBD Mortgage Approval works. Can you please detail the most FAQs on To Be Determined Mortgage Approval from consumers, renters, first-time homebuyers, and homebuyers with bad credit?