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how of much could i get on a home mortgage loan?

 Mortgage Loan  5 Responses »
Oct 152011
 

I’m thinking of buying my first home next year in sacramento. I’m hoping to see a significant drop from current prices. I make the median income (~$ 54,000). In 1 year, I’ll have ~$ 35,000 in savings and ~$ 5,000 in my 401k. I’m 23 years old and have been working at my job for 1 year now. I currently have a credit score of 780. My only debt is $ 8,000 in student loan at 4.5% interest. I’m willing to make monthly payments of ~$ 2,200. I might move in a few years. What kind of a loan can I get? Which programs are best for my situation?

Thank you for reading.

My brother bought a house in Sacramento, CA and the mortgage loan is in his name only. Last year, he moved to Chicago and added my name on the title so I can take care of it in case something happen to him or the house since he is out of state.

How do I remove my name off the title?

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To get rid of bankruptcy home loan may be deposited, which is 60% more than the value of my property / guarantees?

 Mortgage Loan  7 Responses »
Oct 152011
 

Alternative

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Chapter 7 bankruptcy filing shows the response to Chapter 13, which appears to me to just buy time, but the mortgage is due.
Excellent credit score from 20% to the bottom, with the exception of any student loan debt (postponed during the suspension), retirement savings and assets and two cars paid. The problem will move as a new job (profession) to get. Men will call for evidence of salary (to be a doctor that she needed), but did not begin until and including July has participated in the site if necessary. Want to use the tax credit, if possible.

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We are military, so when we get our mortgage loan, is BAH included as part of our gross income?

 Mortgage Loan  4 Responses »
Oct 142011
 

Just wondering if our approval amount will based on basic pay, or based on our total pay including BAH.

2007 Fall list: Your Guide to VA Loans: How to Cut Through The Red Tape and Get Your Dream Home Fast

In 1944, Congress enacted the GI Bill to thank the men and women who served in the armed forces for their hard work and dedication. One of the most valuable benefits included in the bill was the VA Loan. But bureaucracy and stringent procedures have made applying and qualifying for these loans complicated and unwieldy. "Your Guide to VA Loans" is the first book to guide veterans through the process. Readers will discover how to determine whether VA loans are right for them, how to apply, and how

List Price: $ 17.95 Price: $ 0.01

I am active duty military, and got a mortgage loan in Aug 06. Does the SSRA apply to me , or is it just for reservists called into active duty? Thank you.

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Possible to have a mortgage loan where homeowners ins. is not escrowed ?

 Mortgage Loan  9 Responses »
Oct 142011
 
farm mortgage loan

My sister has her mortgage with Bank of America. She swears she pays $ 40 a month for homeowners insurance – seperate from the mortgage check. I guess she sends State Farm a payment every month.
Have you ever heard of a mortgage where your payment is NOT included and escrowed?
Edit : Mikey loves to learn things………Thanks.
Edit : Mikey loves to learn things………Thanks.

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Where can I find the law of Illinois residential mortgage loan originators Section1050.360?

 Mortgage Loan  2 Responses »
Oct 142011
 

I tried to be a loan Creator [Wpramazon Asin = "B00303H12O"]

The Mimi and Bobo Palin, a couple, the following information for Palinhusbandage 2009.Bobo 50s.s. # Palinwifeage 222-33-1111 Mimi 54s.s. # 888-55-7777 Kiwi Palindaughterage 16s.s. # 444-11-8888 Banana Palinsonage 13s.s. # Palindaughterage 111-99-1111 Tangerine 17s.s. # The couple live, 333-44-5555 Die on fruit Lane 444, Carbon, Illinois 62 901. The couple had three dependents, kiwi, bananas and tangerines. In 2009, and lived every three children with their parents, have no income and had full-time students. Bobo was not working full-time in 2009 (it will be supported by his wife). In 2009, Bobo part time on a golf course communities. And received $ 7,000 in wages and $ 5000 in tips during 2009. Bobo a total of $ 800 in federal taxes withheld from his salary at the golf course. Bobo as $ 6,000 in unemployment compensation during the winter months. Bobo earned $ 200 in taxable income from interest checking account held in the first five years the South West. Aunt gave Bobo, and Cantelope Church, which has $ 20,000 in cash in the festivity of his birth. At the weekend boys in the local casino, and Bobo was $ 7,000 playing blackjack cash. Both Mimi and Bobo Fund I.R.A. Their employment was 3000 $ elk.Mimi in 2009 as a secret shopper employed by the University Mall. And got $ 40,000 in wages from her job and $ 20,000 bonus at the end of 2009 for exceptional work in apprehending shoplifters. Have – 2 watts form from her employer to pay and reward. Withhold federal taxes from her employer and submitted a report for – the form of 2 watts was $ 10,000. My grandmother Mimi died in 2009 and it is $ 30,000 in insurance proceeds on the life of the policy adopted by her grandmother and pay for Mimi as the primary beneficiary. Mimi $ 500 and qualified student in the payment of interest on these loans in 2009. The couple had the following specific deductions for this year, qualified bond interest $ 3,567 and residential property tax expense of $ 3.200.Mimi held interest income tax of $ 500 of savings for 10 years at the bank of carbon. Bobo served as a juror in 2009 in Jackson County court and received a check for $ 200 to serve as a juror. Before her marriage to Bobo, Mimi is married to a man named Fabio Flang, Q # 123-45-6789. Order of the Court, in 2009, Mimi Fabio pay the expense of the value of $ 6,000. Finally, none of the children any gifts of more than $ 100 during the year (and my parents are not fun and does not recognize Christmas Holiday Christmas Holiday Easter, Holiday love or events). I have to run belastingaanspreeklikheid.En account also the problem of making the model in 1040.

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Refinance a Home Equity(2nd Mortgage) only?

 Mortgage Loan  1 Response »
Oct 142011
 

My single Home loan is split into 2 parts 1st Mortgage(5.5 % Fixed) i.e 300k and 2nd Mortgage 30k (6.65% variable ).
On my 2nd Mortgage , I will be paying interest only for first 10 yr and then my principal will be deducted.
Can I just refinance my 2nd Mortgage only.I want to keep the first mortgage as it is.My home loan Bank of America now.I ma not planning to sell my house in near future.

Thanks

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Money and debt forgiveness agreements found after divorce but no money to take back to court.?

 Mortgage Loan  3 Responses »
Oct 142011
 

Money and debt forgiveness agreements found after divorce but no money to take back to court.?
I was in an abusive marriage for 30 years, finally filing for divorce after therapy and leaving 3 times. We owned a biz together which was incorporated. Convincing me to return the third time only for worse abuse. Was so bad at work I was unable to go there even after an agreement was signed he was to stay away from my office. He 2nd mortgaged our home for a business in another town and a loan of 2M in his name. After 10 months of daily abuse I could take no more and agreed to what seemed fair. I gave him 30 properties we owned, most free and clear and took the business, I took the 2nd mortgage liability of 350,000 , the first of $ 680,000 and the 2 mortgages on the business he had forced me to sign under false pretences.He assumed the rest which included the 2M liability. Two days later he signed a short sale which forgave him the entire debt and also gave him a judgment of $ 275,000 which he (we) had invested in it using the mortgage money I am repaying. Our corp. and personal attorney was involved in it and this was never disclosed. He had taken the past 2 months income from the business, putting it in a personal account and ordered to return it in 24 hrs. He returned $ 738.00 and a typed paper showing the rest spent on business expenses, which in reality had already been paid from the business account prior. I have found so many places he was stealing and hiding money and others I can’t quite figure out how he did it. He was ordered to bring all bills current and brought none. There were countless violations he removed paperwork and didn’t fix which he called into the agencies after I took over. He even took the sales tax and payroll tax money and left nothing for the weeks payroll that I had to make, had extended all utility bills and paid no other bills but what was necessary to stay open. He had stopped making my mortgage payments and my home is under possible foreclosure. He has hundreds of thousands stashed somewhere and I can’t buy groceries. I figure he had been planning this for 2 years but my attorney believes longer. He is currently opening up a business which will be in competition with mine just to put me out of business. He had installed an eavesdropping and keylogging remote system at work and in my home and had monitored everything during the divorce, even printing and distributing some of my emails. He sold at least $ 50,000 of equipment from the business he got the loan on and lied about it. He is still on the mortgage of the business and should I fail he can walk in, pay it and take over, leaving me with nothing. My house will be foreclosed on and I truly will have absolutely nothing after 30 years of work and he will have it all. I know much of what he has done is illegal but no agency seems to want to help and I’m out of money for legal fees, not to mention energy. He spread rumors that I was the one stealing the money from the business, even to the bank, all the employees and people and friends we dealt with. My credit score is ruined due to his not paying the mortgage so I have no where to turn for financial help. I was already in therapy for the abuse being diagnosed as chronically depressed and having post traumatic syndrome from it. Using the fact I saw a therapist he also tells everyone I am mentally unstable and take drugs (antidepressants). I no longer have the money to continue the therapy I need now more than ever. I don’t know what to do or where to turn. Are there any agencies that help people in this type of situation? To find even half the money I need a more qualified person than me and going over all the papers, seeing even part of what he did continues to depress me. The worst is not having enough money to even breath and worrying about losing everything if I don’t keep going. Are there forensic accountants that work on contingency? Any agencies that can help me with my legal fees until it gets to court? I understand, as he is in contempt he will be responsible but my attorney wants the money as he goes. I complied with all the mediation agreements but as he did not when it finally came to me signing the property deeds over to him, I refused so now I suppose I am also in com tempt but he was to sign the stock in the co. at the same time but my lawyer received docs from his saying he would do so after I had signed the property deeds. All the stock cert. have disappeared as well as inherited stock I had and other files with bogus receipts and other proof of some of what he had done from my home after my alarm system was shut off by someone knowing my information and claiming to be me. It seems I am attacked still on a daily basis and just want it all over but am not going to give him everything, although he may end up with it if I can’t find some help. The therapist I saw, who also counseled him , says he is a pathological narcassist, who will not be satisfied until he completel

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Info on VA loan underwater?

 Mortgage Loan  7 Responses »
Oct 122011
 

I have VA loan in arizona. I loss additional income and I have had medical health problems. Is there any help for VA mortgage loan? My interest is already 5% in a 3-1 ARM so, everytime I asked somebody regarding my mortgage loan they said there’s no really help for me. Is that true? My house is 80-100k underwater.

I have heard that there was a recent update to the VA rules that allow for 100% refinancing. My situation is:
I am a veteran that has used VA before.
Non-VA Mortgage= $ 324k. Value of house: $ 325k -$ 330k (estimate)
I have an “80/20″ loan. First is 5 year variable ARM, 6.75%. Second is Fixed 9.5% Home Equity.
I bought the home in July of 2007, so there is minimal equity. I do not want cash out, just want to protect myself from the variable that will change in 3 1/2 years and bring it all under 1 mortgage.
Credit is good (676 FICO), though I do have high revolving debt. Salary is $ 125k with 20% bonus.

Can I refinance under the updated VA rules?
Colanth- when you say each stands on its own, what exactly do you mean? Could I refi the first only? I was under the impression that I had to refi both together…thanks.

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We can refinance our mortgage second?

 Mortgage Loan  5 Responses »
Oct 122011
 

We bought a house in the last year with two mortgages. Because we have only 10% for the loan, and a second mortgage of 10% of the loans, and the way that we do not have to pay insurance costs. Second mortgage rate of 9.75%, while up to 6%. We want this second mortgage to refinance to a lower rate. We can do this? Is there anything that prevents us from refinancing a second mortgage that it? There are no early payment (payment) penalties in each of the mortgage loans we have. Thank you very much for your help.

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We have an $80K heloc loan. We currently pay interest only which is based on the prime lending rate. Should we

 Mortgage Loan  2 Responses »
Oct 112011
 
prime rate interest only mortgage loans

do a refi on a 15 or 30 year mortgage or just wait it out for awhile and see how much the Federal Reserve Board continues to drop their lending rates to banks? The rates I have seen over the past several months on locking in rates on helocs have not been very attractive. Our house is worth about 110,000 and we got a heloc to pay off all of our credit card debt. The house was paid for prior to us doing the heloc thing.
What would be the best way to proceed with this heloc. There are no early payoff charges? How should we proceed?

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