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Simon Garfunkle classic hit Sound of Silence
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replied 1 year, 8 months ago
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Can you do an FHA streamline refinance multiple times? What if you do a FHA streamline refinance now at 6.0% from the current mortgage rate you have at 7.25% and rates drop to 5.0%. Can you do another FHA streamline refinance over and over again?
Considerations For Refinancing:
Good Timing: Given recent drops in mortgage rates, now may be ideal. Therefore, FHA/VA Streamline Refinances could also apply here since they require little paperwork and no appraisal, making them easy options for homeowners wishing for fast rate reductions.
Possibility Of Multiple Refinances Over Time If Rates Keep Falling: Generally speaking, homeowners should expect lenders to allow multiple refinancings when lower mortgage rates continue falling, so long as each time meets lender standards and fees payable upon every occasion if necessary.
Current Mortgage Rates:
- 30-Year Fixed 6.49%.
- FHA 30-Year Fixed 6.18%.
- VA 30-Year Fixed 5.91%.
- 15-year fixed rate=5.58%​.
These changes are meant to increase transparency and fairness during real estate transactions. Home buyers need to understand these new laws and their corresponding agents for smooth operation within the industry towards compliance issues avoidance.
View Last Reply: replied 1 year, 8 months ago
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This forum thread is about scams and scammers. There are so many scammers in this planet. Your next door neighbor can be a scammer. Your co-worker can be a scammer. Your employer or employee can be a scumbag scammer. There is no gender, race, social class, or what business these scammers are. Hopefully we will disclose as many scumbags scammers as possible.
View Last Reply: replied 1 year, 8 months ago
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What is occupancy fraud. How is occupancy fraud determined. Is occupancy fraud a serious crime? Would a mortgage lender send an investigator to check on the borrower’s occupancy type? How do lenders verify owner occupancy. What happens if the borrower committed occupancy fraud, what are the consequences. Who gets in trouble if there was occupancy fraud committed. Who investigates occupancy fraud.
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What is the loan estimate in the mortgage process? What is the closing disclosure? What is the difference between the loan estimate and closing disclosure? Can the loan estimate and closing disclosure be issued the same day? Does the closing disclosure mean the mortgage loan is approved? Should the closing disclosure closely mirror the loan estimate?
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replied 1 year, 8 months ago
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What is a credit supplement. Why do mortgage lender need to do a credit supplement on a borrower. For what reasons? How does the credit supplement process work. Can you run several case scenarios where a mortgage processor or underwriter need to do a credit supplement and the importance of credit supplements. Do credit supplements delay the mortgage process and the closing?
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Can you rent a Second Home for part of the year?
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Can Non-Occupant Co-Borrower Have A FHA LOAN without getting out of being a non-occupant co-borrower when buying a new house for himself?
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Can I qualify for an FHA LOAN With a Loan Modification?
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Can I get a rural development loan with a judgment?
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What is predatory lending in the mortgage industry. What is meant by predatory lending. What are the most common predatory loans. How do I know if a loan is predatory. Which answer is an example of predatory lending. Is predatory lending against the law and not legal? How does a loan officer realize that the loan he or she is originating borders on predatory lending.
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replied 1 year, 8 months ago
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What are high-cost mortgage loans? What is the difference between high-cost versus high-priced loans. What is true about high-cost loans. Why can’t mortgage loan originators not understand high-cost loans and the violation of high-cost. What is high-cost lending. What is high-cost predatory lending. What is a high-priced loan? Can you please explain high-cost requirements. What are protections against high-cost mortgage loans.
View Last Reply: replied 1 year, 8 months ago
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What are judgments? What are deficiency judgments? What are examples of judgments? Can you please run a few case scenarios how a derogatory or delinquent account turns in a judgment? Can I get a mortgage loan with a judgment? How do I clear up a judgment? Can I vacate a judgment? What are considered judgments? What are the four types of judgments? What happens if a defendant does not pay a judgment? What happens after a judgment is entered against you. What does a judgment for the defendant mean? What is a default judgment? How long is the statute of limitation on judgments? How can you resolve a judgment and get on the road to rebuilding your credit.
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How Can I Get Rid of a 30 Day Late Payment
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replied 1 year, 8 months ago
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What is the largest size carry on luggage that you can have with you in an airplane without checking in. It’s the carry on luggage with wheels and handle. I want to purchase one but want to make sure I can board it with me on the overhead bin of an airline I am traveling. Thank you in advance.
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replied 1 year, 8 months ago
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What does being judgment proof mean? How can you qualify for a mortgage with an outstanding judgment? Can you get approved for a mortgage if you are judgment proof? How can you get rid of a judgment.
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replied 1 year, 8 months ago
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What are the middle score requirements for usda and conventional, to keep manual underwriting from occurring? What kind of reserves will each require? Without down payment added, how much will closing costs be on a 200k home? Is it possible to get into a home via usda and never pay anything? Do you offer down payment assistance in Kansas? Sorry for the wall of questions.
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What does it mean if a mortgage lender does a rapid rescore on your credit report. How does the rapid rescore process work? How long does a rapid rescore take.
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replied 1 year, 8 months ago
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What happens if someone is advised to do a voluntary chapter 13 dismissal instead of obtaining courts approval for mortgage while in the underwriting process? Will that automatically disqualify them from getting the loan?
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What is delayed financing and how does delayed financing work? What are the disadvantages of delayed financing? What is the 90 day rule for delayed financing. What is the difference between delayed financing versus cash-out refinancing. What are the benefits for delayed financing. What type of mortgage loan program does delayed financing apply to? Does Texas have special rules and guidelines on delayed financing?
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replied 1 year, 8 months ago
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What is considered payment shock by mortgage lenders. How do lenders calculate payment shock. What is considered low payment shock. How is low payment shock considered a compensating factor. Can you give a few case scenarios of payment shock.
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What constitutes mortgage fraud? How can innocent borrowers and loan officers get in trouble committing mortgage fraud. What are the different forms of mortgage fraud.
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replied 1 year, 8 months ago
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Ate you planning on buying a puppy and introducing to your adult dog in your household?
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View Last Reply: replied 1 year, 8 months ago
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What’s the minimum credit score and debt-to-income ratio required to get the best rates on a mortgage loan.
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replied 1 year, 8 months ago
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like bank statement loans is differ from Qualified mortgage loan
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replied 1 year, 8 months ago
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please help me about this
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When Can I Qualify For FHA Loan While I Am In Chapter 13 Bankruptcy?
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If yes, how?
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replied 1 year, 8 months ago
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WHAT IS THE MINIMUM DOWN PAYMENT FOR A JUMBO MORTGAGE?
View Last Reply: replied 1 year, 8 months ago
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Peter Schiff, the economist who predicted the 2008 housing market crash now predicts an 80% to 90% housing crash. Don’t underestimate Peter Schiff. Schiff has been spot on his housing and economic forecast for years. Government should not intervene on the open market. The FED printing money has a disastrous impact on the overall economy. Government control and guarantee railroads the housing and banking system where it disrupts the overall economic development system and the end result is a financial crisis. Homeowners who purchased homes are barely surviving and many cannot afford their housing expenses. Homes are getting reasseessed where property taxes are increasing 50% and more. Homeowners insurance is doubling in many areas. Many people cannot afford the maintenance in their homes where the end result will be a tear down. Bankruptcy and foreclosure numbers are skyrocketing at historic highs. Watch Peter Schiff’s commentary on the state of our economy.
View Last Reply: replied 1 year, 8 months ago
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