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I thought I'd done it all right: Excellent credit (782), documented income, 70% LTV, watched rates waiting til just the right time, applied and locked a great rate at the end of October. I'd heard of the troubles in the industry, but this is my 5th mortgage/refi, I thought it wouldn't be...
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FLORIDA, FHA loan 30 yr fixed 6.0% I have been waiting on the modification process for 10-11 months. My father who was a co-signer Filed Bankruptcy because he lost his job. He also put my house in it, so he could get his name off. I had a loss in income. I applied for a modificatiom. The bank said i...
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Fannie Mae has introduced another strategy to increase the effectiveness of the government foreclosure initiatives: The Alternative Modification Program HAMP has been widely criticized for what has so far been a poor record of converting home mortgages entered into a required three month trial phase...
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Alan is right. Not only are online and print advertisements old news but they are also typically the unicorn of loans (no one gets that deal). As of January 1st lenders are now required to provide good faith estimates that guarantee many of the fee's for the transaction and the rate (for a period...
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I have a borrwer who has a construction loan with b of a, and wants to convert to a 30 eyar fixed with me after already locking with b of a. My borrower is telling me that b of a will charge him .5% if he walks from the lock. I heard due to the new mdia laws, that is not true, they cant charge anything...
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Day before closing -- and I was surprised to find that a $100,000 mortgage (to choose an amount at random) actual means that the bank comes to the closing with a check for $97,000 because they withhold a certain amount for the fees. Should I have known this or is this unusual? Because the seller is paying...
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How do I know if makes sense to pay extra points? Is there a calculator anyone can suggest? My loan options: 1) 4.75 - 4k fees, 0 points 2) 4.50 - 4k fees, .5 point 3) 4.375 - 4k fees, 1.25 points 4) 4.75 - 4k fees, 0 point (roll all costs into loan) 5) 4.50 - 4k fees, .5 points (roll all costs into...
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With websites like fakepaycheckstubs.com around ANYONE CAN MAKE COMMISSIONS AGAIN! -------------------------------------------------------------------------------- This is a quote that was blogged: The people that bend the rules GET PAID! You too can bend the rules by printing out fake paystub w-2 w2...
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With websites like fakepaycheckstubs.com around ANYONE CAN MAKE COMMISSIONS AGAIN! -------------------------------------------------------------------------------- This is a quote that was blogged: The people that bend the rules GET PAID! You too can bend the rules by printing out fake paystub w-2 w2...
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With websites like fakepaycheckstubs.com around ANYONE CAN MAKE COMMISSIONS AGAIN! -------------------------------------------------------------------------------- This is a quote that was blogged: The people that bend the rules GET PAID! You too can bend the rules by printing out fake paystub w-2 w2...