I have a client that needs a loan for a mobile home. I have asked several finance/mortgage loan companies but no one finanaces mobile homes.

Okay, I have no idea how this works. I am selling my home, but after paying broker/real estate agent fees (possibly closing) I may end up owing the bank 5-7K. So, my question is: if I still owe on my mortagage, is it possibel to roll that money into a new loan I am getting from teh bank for a new house (the same back is financing both loans). OR, do I pay teh bank off first and teh brokers/agents get their money last and out of pocket from me? Thank you, and I hope I make sense.

i got a loan fom the bank, as warranty i put the appartment that i own with my ex wife, we re-financed this mortgage a couple of months ago, under her name only, the title of the appartment still under both names.
but we agreed, that she will keep the appt. in a later time, that’s why she makes the payments on her own. Now, the question is: whta happens if she stop paying the mortage, how does this affect the loan i have with the bank?
She is paying the mortgage of the appt.(condo) on her own. I’m paying the loan(money, just for me) i got form the bank on my own, The appt.(condo) is the warranty for my loan to the bank…
if she stops paying the mortgage(condo) what happens with my loan(money)?

I’m buying a second home that will cost me 340K. I am putting down 50% in cash. So all I need to do is finance 170K. If I get a Mortgage., there is a big closing cost, if I get a Home Equity Loan, no closing cost, and low interest (variable) and thus lower monthly payment. The question is, if I default, with the Equity Loan, (from job loss etc), will the bank take away both the homes, as apposed to the Mortgage Loan, where they would only take away the second home
So, which loan??
Also, which one is bettre for tax write-off

What do mortgage loan brokers look at when you’re trying to finance a home for the first time..besides FICO Score? Like how many years on a job do you need? ..and so forth?

My husband and I sold a piece of land that we owned for 000.00, almost the exact amount we still owe on our house mortgage. I thought that we would just take the check, bring it to Chase Bank, and that they would be happy to have their money and pay off our home. However, I was shocked to learn that I first had to have an actual "Faxed payoff quote" (even though I knew the exact amount owed), and that I had to pay .00 to have this paper faxed to me. Then, we have to go to our bank and bring this faxed form and the check and have them wire it to Chase (our bank has to hold the check for three days though, for their assurance that the funds are there, which they are). Now, you would think that if money is wired that it would get to the Chase account that same day. HOWEVER, we still have to send in extra interest money b/c it doesn’t go directly to the mortgage department, so it may take days for it to get to the right department. THEN, Chase said that after they process the mortgage payoff, we are charged another .00 to have them send it to our parish courthouse. THEN, the courthouse is supposed to cancel the lien and send that form back to Chase, and FINALLY, Chase is supposed to send the form back to us so that we can show our homeowners insurance company that we paid off our mortgage. The process of receiving the final proof of the payoff, according to Chase cust. service could take between 4 weeks to six months. My question is, WHY IS CHASE MORTGAGE/CHASE HOME FINANCE MAKING IT SO DIFFICULT FOR US TO GIVE THEM THEIR MONEY? During the ongoing recession you would think that these mortgage companies would be glad to have their loans paid in full. I’m actually dumbfounded about this whole situation. Has anyone else ever been in this situation? Chase also gave us problems after Hurricane Gustav (our homeowners insurance company was wonderful), but sometimes I feel like I’m beating my head against (Chase’s) brick wall!
Thomas B. - WOW! That was a wonderful way to put it. Instead of feeling sorry for myself I should just be happy that we’re able to pay our house note off much earlier than most people are. Thank you so much for making the glass seem "half-full" rather than "half-empty!"

Can anyone tell me why it took almost 10 years, and 6 or more service tranfers to find this out??

Credit, mortgage, finances, loans

I recently posted a message regarding my problem with Welcome finance. Anyway I would like to know if it is possible to get an advance/loan of £1,000 in week even with bad credit including having my house repossessed. I would also like to know as a keyworker in London, will I still be able to get a mortgage with my poor credit report. There are new homes coming up for sale in South London in about a couple of months, on a part rent and part buy scheme. If I can’t get a mortgage is there anything I could do to get myself back on the property ladder?

Its now obvious the greedy banks loaned money to the hordes of crimminal illegals now skipping of to mexico with re financed money. Thanks guys!

I live in MA but want to find the best mortgage rate on a 30 year fixed mortgage, We have ability to put 25-30% down, maybe more. Rates were showing at 5.3% last week. They went up.
Can I use an out of state lender to finance in MA?

I have been working with a loan broker that seems to be taking his time I need 120 k within 2 weeks before my house gets foreclosed on. So I am counting on this loan to cover a reverse mortgage . what should I do people please please let me know if you have any professional advice!
my equifax credit score is at 659. The estate that they are foreclosing on is worth around 635,000$.

I am looking at buying my first home for about 90K. I know I need 3.5% for a down payment. Do I also have to pay for closing costs or can I finance them in the mortgage?

What other costs do I have to pay up front?

Thanks

Is there a magic number? Is it 650? 750? What should I use as my benchmark for being ready to apply for financing? I’ve done a lot to repair my formerly blemished credit history and would like to know when I should feel confident again.

Anyone in finance know the answer to how long this usually takes. This is loan proceeds used to buy a foreclosure and will not involve a mortgage. How long do I have to sit on loan proceeds and/or inheritance to have it appear more like savings? Is it still six months?

no re-finance because of Bankruptcy
arm loan is up and interest going up to 9.39% and every six months after that up or down a point.

I am looking at purchasing a modular home to put on my existing site. The home itself costs approximately 0,000. I am single and only have 2 credit cars which total approximately 00 combined. I did have some financial troubles but I am looking for a 100% finance loan or low cost closing mortgage. I am looking to build because I need to move my 85 year old grandma into my little home and this house with more rooms is necessary.

I am interested in buying foreclosure property and have 10% down payment.
Where do I go to get investor loan?
I went to morgage borker I had financed my house but he said need minimum 20%.
Please share your experience or suggest.

thanks in advance
I am getting offers but they all are in 2600+ range where the rent I can get is 00-1900. High morgage payment is due to PMI.

I was approved for a residential construction loan in March of 2008. I built the house and it was finished and inspected in November of 2008 and at that time I moved into the house. Now, almost a year later, the bank that granted the construction loan cannot find someone to finance the balance in a mortgage. The house is worth quite a bit more that I built it for, so I will have a lot of equity in the home. The bank that financed the construction loan is being NO help at all in aiding the process of converting the construction loan into a mortgage. I have been paying the interest payments on the construction loan for well over a year, and due to a variable interest rate, the payments are higher than my proposed house payment. What can I do?
To the person who asked if I have called around or looked at Lending Tree - The bank that financed the loan tried several times to get it financed and they could not find anyone to cover the loan. I am just wondering what happens if I can’t get it financed. My credit score, debts, ect. have not changed for the worse since I was appoved for the construction loan. Does the bank who has the construction loan have to help me getting it financed as a mortgage?
My bank is the one who gave me the construction loan.

I am wanting to purchase a lot in a subdivision & before I go to the bank I want to have an idea of payments, how long are lot loans financed for? I know mortgages are 15 or 30 years typically, and I have heard lot loans are called due in 5 years which means they much be paid off or rolled into a construction loan, but I’m wondering how long they are amortitized for?

Some were reported within days, others have not shown up yet. We have excellent credit, no negative marks. Each has 15 year history, and each has about 20 accounts in that history including old mortgages, auto loans and currently many revolving with what will be about zero balance on about 125k open to buy. The only thing keeping our score down was high utilization. We want to refinance (and pay down) our mortgage due to an upcoming rate shift but wanted to wait to shop around until all paid debts had shown up. Can we call the creditors and ask them to report? Will they do that? Our scores are in the low 700’s and I expect a jump when the remaining 75% shows up as being paid. Thanks!

This question is actually for two people.
My cousin and I are new condo owners. He bought his 2 months ago and I bought mine 2 years ago. The market being what it is around Boston, we thought we would jump on the chance to buy one investment property, do some upgrades, maybe rent it or hold for resale. Those places are dirt cheap (less than ,000). It made sense until we thought about financing.

Being new owners, will we be able to obtain a mortgage or personal loan for say up to -60,000? We don’t want to co-sign for each other or get a co-signer because of future complications.

Is there any way we can do these transactions financed? Special mortgage, loan etc… At this point, we don’t have much equity in our houses so tapping into that would also be a no-go.

Thanks.

200K 300K etc.? Mortgage and interest rates?

Im trying to get a home loan. I was pre-approved by 5 different places. A couple weeks later I found my dream house. Now when it comes time to actually get my mortgage the guy at weichert financial tells me he’s not sure if its gonna happen. Can I start looking at another company to get me financed. He said that if he cant do it than no one can, but I dont believe that. I know that are credit sucks but we make decent money and have no debt. So will it mess anything up if I start looking elsewhere. Im not looking for another pre-appoval. Im looking for a loan.
PLease dont tell me to call you to get a loan. I want a company with an office right near me.
Mazziatplay— I really just asked if 2 different companies can search for a loan at the same time. I have been working on my credit for over a year since I was hurt on the job and had to take a leave. Now that all of our debt including doctor bills have been paid we are trying to raise our score. In the meantime our landlord is selling our place and we have to leave. This is the reason why we are looking to buy a little sooner that we should. So before you tell someone to WAKE UP maybe you could be considerate of someones feeling. I am not fully aware of the mortgage laws. I do as much research as I can but unfortunatly there are a bunch of lenders that get peoples hopes up just to make a sale.

I want to do a mortgage for a property I am buying and then charge points to the buyer which is me, but finance those points over the term of the loan so I have that cash up front. I dont mind paying income taxes on those points. Is this possible? is there any way i can do this type of transaction?

Many years ago when my husband divorced his ex-wife, he was self-empoyed and missed several payments. Four years ago, he filed necessary documentation to have the arrears included with his monthly payments, increasing his payments monthly to include an additional 0. After four years, the Texas Attorney General’s office is showing it outstanding and consistently late. We are trying to purchase our first home but are having trouble getting the financing as his FICO score is reflecting this issue. What can we do to get around this issue and get approved? We have documentation that shows he is current on child support and current on the agreement to pay arrears.