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Kathie Wygant
2 days ago
-instead of a mod they redid my loan again for 30 yrs and added PMI again. No new appraisal was done and I was well below my LTV-should I have been charged PMI again? I am told I have to pay this again for another 5 yrs. I think I was ripped off.

When I inquired about this all they did was resend me my paperwork and said I had to pay another five years of PMI. I don't think this is right. How can I go about getting this resolved?
Best Answer:
Do I understand your question correctly that the finance company did not do a loan modification but rather refinanced your loan? What is the date of the new loan?

Also, what type of loan did you get refinanced into? FHA, conventional? That would... (more)
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Lisa Capone
5 days ago
I submitted an application for an FHA Mortgage and going through the process now. I had a Home Inspection done and there are major fire/safety/hazard issues and I was thinking of walking away from the deal if the Seller doesn't agree to fix these problems. I let the Lender know this and he told me I would lose a $500.00 non refundable fee along with my Home Inspection fee (which I know about the home inspection) . I never heard of losing additional fees/monies.
Best Answer:
It may depend on what the $500 fee is for--what does the lender say about the purpose of the fee?
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A Curious User
10 days ago
Property located in North Carolina, 3 bedroom 1 Bath needs total rehab, plan is to further build out and attach an apartment on existing structure/ land. What is required of me to get funded?
Best Answer:
Are you looking at conventional loan options? FHA? What type are you considering?
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terry Smith
11 days ago
I am a first time home buyer who just recently repaired my credit
Best Answer:
Credit scores above 580 technically qualify for an FHA loan at maximum financing (minus the required down payment) but individual lenders may have higher FICO score standards.
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Amanda Peterson
21 days ago
My fiancé and I split. We own a home together, FHA loan. Tried to transfer the mortgage and he qualifies for everything, except credit score (he makes $200k/yr no problem paying the mortgage in fact I've never paid a dime on the mortgage). He is being malicious and down right evil threatening that I have to sign a quick claim or else this or that. I don't want to do that because I'm still on the mortgage which still effects my credit! If his credit wasnt so bad he would refinance, but he can't. Does anybody know if you can have a cosigner with this qualified assumption of a mortgage so then maybe he could get it transferred w/o having to refinance?! i don't care about anything, except getting off of this mortgage ASAP!!!! Please help.
Best Answer:
The laws of your state may have a say in how this would proceed. The best advice we can give is that you should seek legal counsel with experience in real estate law in your state who can tell you what your options might be depending on the specific... (more)
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A Curious User
21 days ago
We did them both at the same time. I've seen it says for a foreclosure it's 3 years, but when does the time start on that. I've seen when it becomes public record by I've also been told not until someone new buys the foreclosed house?
Best Answer:
What type of mortgage loan are you asking about? Conventional? FHA? VA? Individual lender standards and program standards may vary. For example, for FHA mortgages, HUD 4000.1 (the FHA loan handbook) states:

"A Borrower is generally not eligible... (more)
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SHERRIE BUSH
a month ago
Home is not constructed by me.
Home will be completed before closing.
Home is newly constructed.
Best Answer:
FHA home loans are allowed for approved New Construction, Existing Construction, and Proposed Construction mortgages. An appraisal will be required for all new purchase properties, as per HUD 4000.1, which states "The Mortgagee must order a new... (more)
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I have been working in education but not a certified teacher. I have been offered a job in a different county but have been told that I need to have my first paycheck before we close. We cannot put off the closing for many reasons. Can a contract with projected income be sufficient?
Best Answer:
Unfortunately that's a question for your loan officer to answer since lender standards may vary-if the financial institution you're applying for the loan with permits, you would need to furnish whatever documentation is required by that... (more)
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Kenny Gordon
a month ago
I'm looking to buy a house. My discharge was October 2016. When can I buy a house?
Best Answer:
Much will depend on lender standards, state law, and other factors but in general you'll likely have to wait a minimum of one year, possibly two.
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A Curious User
a month ago
We are looking at property in the rural area. The home is over 3,000 sqft. and sits on 6.2 acres. We will be putting a very large downment, but need the assistance of an FHA loan. Wondering if acreage is going to be an issue.
Best Answer:
Lender standards would apply, so you will need to discuss the situation with a loan officer to see what might be possible in your specific circumstances. FHA loan rules do address what is described as "excess land" but state law and lender... (more)
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