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Inflation is screaming 😱 out of control. Many people who are very conservative have been saving money for years if not decades. What is the best way to invest money during periods of out of control Inflation?

Can a borrower use 2 different income to qualify for a mortgage?

Can you please explain what POS means and how you can make money 💰 with POS with small business owners?

Can someone please explain the difference between recourse and non-recourse loans on commercial loans?

Mortgage Rates are finally dropping fast. JEROME POWELL, The Chairman of the Federal Reserve Board announced yesterday the Feds will not be increasing interest rates for the past two Fed meeting which caused mortgage rates to plummet. The 10 year treasuries started plummeting the past few days from a high of 5.0% to 4.66%

What loan program the borrower can qualify for a 6-unit apartment (Purchase)? What are the documents needed?
728 FICO with experience renting out properties (currently have 4 other rental properties).

Time flies, and everyone wants to limit the wasteful. The time they spend going to the wrong source for research on buying a home and getting approved for a mortgage. Over 80% of our clients at Gustan Cho Associates are borrowers who could not qualify at other mortgage companies due to the lender’s overlays or because the lender did not have the best mortgage loan option

Proud to announce my colleague, Associate and friend Dr. Martin Blank is running for Congress of The United States 🇺🇸 in Michigan. Dr. Blank is a retired colonel of the U.S. Army, a residential and commercial loan officer, a cardiovascular surgeon, a trauma surgeon, an attorney, and a police officer. With his vast work experience and excelling in every field he is in and his kind heart and generosity in always wanting to help family, friends, co-workers, and his community, I don’t think you will have a better candidate for Congress other than Dr. Martin Blank, M.D. I give Dr. Blank full support and endorse Dr. Martin Blank for Congress

• This discussion was modified 3 months, 2 weeks ago by  Sapna Sharma.

30 year treasuries skyrocketing this morning surpassingthe 4.5% mark. Mortgage Rates expected to increase this morning when they open. What’s going on? Rates are expected to increase until the 2024 election.

So many scammers when it comes to shopping for pets. This website is reputable and referred this site to my friend Wendy Lahn and she got her dog from this site.

HOOBLY PETS

Needed 100% financed loan for a Condo purchase
I was approved in July for a 100% financed loan for a condo conversion.

Not sold are 50% of the units in this condo conversion, so I was placed into escrow some time ago (extension). This lender requires 50% of the units to have sold prior to funding the loan.

Well due to the length of time it has been, and the volatile mortgage market, I am now not qualified for 100% from this lender. They say I will now need to put down at least 10%. The property is 335K.

My Question now is this: Is there any lender out there that WILL APPROVE 100% financing for a condo conversion? My Fico scores are: 636, 622, 605

Thanks in advance for all your help!

Can anyone on the boards tell me how much will ones credit score take a dive due to a auto repossession? Just curious to know. Will it be hard to get another auto loan after that.

Is Home Inspection Recommended?

Is there really a 4th reporting credit agency?

Is it easy to qualify for lender credit and/or seller concession to pay for closing costs?

I will be quick to lay out my situation, and I am curious if there are any FHA Manual Underwriters who can do loans in Phoenix, AZ. I’m still working with my broker now but it’s been several months and

still no closing. I’ve refinanced FHA in the past with no issues, and this time, it almost feels like the banks are not approving these loans, even though they are advertising historically low rates.

1. I have had stable employment for two years, coming up in August. With my existing employer, my employment type changed from 1099 to a W2 in April 2019.

2. I have never missed a mortgage payment nor applied for COVID-related deferments.

3. My DTI isn’t the best, but my income has increased since the last time I did an FHA refinance several years ago. My FICO is over 680.

4. The purpose of the refinance is to merge my primary and secondary (HELOC) into a fixed low rate. I do not know what the max LTV ratios are but I’m pretty close to the max if it is 80%. However, I can bring cash to close if required.

5. Increase in income, stable employment, no missed payments on my mortgage EVER, and Quicken denied my refinance and would not tell me why a week before closing. I told them I’m never doing business with them again. I tried working with Northstar, Interactive, and now United Wholesale Mortgage, and it’s been literally three months and still no closing.

Is there something going on with FHA refinances right now that I’m not aware of? United said they are working on a manual underwritten FHA refinance but I have gotten absolutely no feedback in a week and am beginning to think the deal may be dead. If I don’t hear an update by the end of this

week, I’m going to pull it and place it somewhere else, unless there is a reason why this can’t be done that isn’t being disclosed to me.

Am I missing something here? Do I just have the worst luck in the world or is there a bigger problem brewing?

How long does a manually written FHA refinance typically take? If you feel you can do a manual FHA refinance, please contact me. DO NOT WASTE MY TIME WITH CONVENTIONAL AS I TRIED SEVERAL TIMES AND IT WON’T GET APPROVED.

IS 12 MONTHS CANCELED CHECKS REQUIRED TO QUALIFY FOR A MORTGAGE? Is there a faster way of getting rid of the record of debt settlement on your credit report? Is achieving a 700 PLUS FICO credit score possible one year after a bankruptcy discharge?

High Debt-to-Income Ratio but under refinance. Want to use all money to pay off debt. Would this work for approval of Bankruptcy w/Foreclosure 24 months ago?

Can I buy a new house in TN? With FHA, are the concessions paid by the owner tax deductible?

PROS AND CONS ON BUYING VERSUS RENTING A HOME

Impact Of Credit Card Balance On Credit Scores

When you are considering a remodel or renovation of your home then you must weigh the options. What will it cost ? How will you pay for it? How much will the remodel improve the property? What is the property value before you begin the remodel? What will the property value be after the renovation/remodel is completed? These are good questions to ask and know, in most situations

you don’t want to use your equity to remodel and then find the property is not worth any more than before, doing this you have just realized your equity position is gone. Before the project begins you must consider where the money is coming from, most people don’t have money just laying around so a new mortgage or another mortgage as a 2nd mortgage may be considered.

FHA streamline with credit score in the low 500’s, is it possible? I have an excellent mortgage payment history.

Are non-QM loans hard money loans? What is the difference between NON-QM Loans vs Hard Money Loans?

Am I potentially able to obtain a mortgage at this time while I am nearing the end of my Chapter 13 Bankruptcy repayment and will get discharged in six months? Or do I need to wait 2 years from the date of discharge of my Chapter 13?

Are you in a spot where you have to make some important financial decisions concerning your home? Is it better to do a big remodeling of your home before you put it on the market and increase the asking price or just leave it as is and ask for a lower price?

The price of houses in Miami has been increasing rapidly, some are priced higher than prehousing market crashes a few years back. Should a buyer wait a little longer to see where this trend is heading?

I’m thinking about buying a house, I wanna check my credit score online. What is a reliable place to check it? Do you guys have any free tools online?

Most all potential home buyers are familiar with looking for homes online and scheduling a visit to view interesting properties with their realtor. Once you pick the home that is right for you, your agent will guide you through completing and submitting a purchase contract.

But what happens after the contract is accepted?

The National Association of Realtors (NAR) just published an excellent summary of the activities that happen between signing the contract and closing on your home.

Agents, please share this Consumer Guide with your clients!

https://www.nar.realtor/the-facts/consumer-guide-steps-between-signing-and-closing-on-a-home?grp=residential&narmail=(STO)%20EdgeUp-DataFeedTemplate&date=11-21-2024&user=3294294&itid=11726886

nar.realtor

Consumer Guide: Steps Between Signing and Closing on a Home

Once you sign a purchase agreement on your new home, there are still several steps to complete before you can finalize—or “close”—the transaction.

Can I get an MLO licensed in TEXAS if I have a collection in my credit report and a letter saying well Fargo is suing me?