Sentences with phrase «mortgage loan in question»

When both a bankruptcy and foreclosure are disclosed on the loan application, the lender may apply the bankruptcy waiting period if the lender obtains the appropriate documentation to verify that the mortgage loan in question was discharged in the bankruptcy.

Not exact matches

You should strive to compare mortgage rates by getting multiple quotes so you can get an idea of what the market rate is and also the type of service you can expect from the loan officer in question.

Mortgage loan rates vary depending on a number of factors, including the homebuyer's state, down payment amount and purchase price of the home in question.

Today's question is: What is considered a jumbo mortgage loan in California, in 2017?

Please call or email us today if you have questions about California FHA loan limits in 2018, or other mortgage - related questions.

Today's question is: Is a home inspection required in order to buy a home in California with a mortgage loan?

Today's question deals with jumbo loan mortgage rates in relation to smaller mortgage products.

Depending on your answers to the above questions, the flowchart might recommend a conforming loan with private mortgage insurance (PMI); or a jumbo mortgage that allows for loan sizes in excess of your local loan limits; or some different program which may be more suitable.

Whether you're interested in a traditional mortgage, refinancing to a 15 - year loan, or just have questions, we are here for you.

The loans in question could be mortgages, small business loans or personal loans.

Today, we will answer one of those questions: What are the down payment requirements for a mortgage loan in California, in 2018?

Please contact us with any questions you have about getting a mortgage loan in California.

Do you have questions about the mortgage qualification process in California, or what it takes to qualify for a home loan in 2017?

The deed of trust — also called a «mortgage» or «lien» — states that the home may be used as «collateral» for repayment of the loan; in the event of payment default, the lender is able to foreclose on the property, sell it, and retain the proceeds to satisfy the debt in question.

Keep in mind that while a loan agent can answer any of these questions verbally, mortgage programs and rates change all the time.

Leaving aside the issue of whether it is even desirable to have any intervention in the market, such as Fannie and Freddie buying more mortgage loans, it seems like the debate has shifted to the question of encouraging moral hazard, something foreign to Alan Greenspan, who thought he could micromanage monetary policy.

In deciding whether to refinance a adjustable rate mortgage you should consider these questions: 1) Is the next adjustment on your interest rate for your existing loan likely to substantially raise your monthly payments?

Assuming that the homeowner in question has an FHA loan, this situation may light a fire under mortgage lenders and loan servicing companies who've been slow to respond to homeowners» requests for assistance under FHA relief programs and other federal government programs providing help for homeowners facing foreclosure.

This week we have questions about buying a home in the down economy, and whether to pay off student loan debt or pay down your mortgage.

At Jersey Mortgage Company in NJ, we're here to answer any questions you may have regarding a FHA 203K Loan, and to explain the details so you get competitive rates and a home loan package that suits your neLoan, and to explain the details so you get competitive rates and a home loan package that suits your neloan package that suits your needs.

The first question you'll face is whether to lock in at a fixed rate or go with a variable mortgage, where the interest on the loan rises and falls with the prime rate.

It's the mortgage underwriter's responsibility to determine that the loan in question is an acceptable risk for the lender, based on a wide variety of screening criteria.

In this article, we'll ask (and answer) those questions for you, as we go through the basics of mortgage insurance so you can better understand why you need it, what fees are associated with it, and which loan type and payment option is best for you.

Whether you're ready to buy now or just interested in seeing how much home you can afford, submit the loan application and an A+FCU mortgage expert will reach out to answer questions and discuss options.

When considering a reverse mortgage home equity loan, there are many questions to ask yourself in order to determine if you can benefit from all of the features it offers.

The questions: Am I better off getting a second mortgage in the form of a home equity loan?

One key factor in determining what type of second mortgage to apply for is to ask yourself this question: What is the purpose of the loan?

These are all questions you need to ask in advance when comparing mortgage lenders and the loans they offer you.

Email me at [email protected] with your questions I specialize in Kentucky FHA, VA, USDA, KHC, Conventional and Jumbo mortgage loans.

NMLS # 57916 Equal Housing Lender Text or call today 502-905-3708 with your mortgage questions about USDA Rural Housing Loans in Kentucky.

You should strive to compare mortgage rates by getting multiple quotes so you can get an idea of what the market rate is and also the type of service you can expect from the loan officer in question.

If you have any questions on mortgage underwriting or you are interested in applying for a home loan, contact WCC at [phone] and ask to speak with a loan officer — or, call the number your WCC loan officer provides you.

In response to your student loan question, I'll discuss some of the similarities and differences in how credit scorers consider the two major types of credit: revolving (cards) and installment (student, auto and mortgage loansIn response to your student loan question, I'll discuss some of the similarities and differences in how credit scorers consider the two major types of credit: revolving (cards) and installment (student, auto and mortgage loansin how credit scorers consider the two major types of credit: revolving (cards) and installment (student, auto and mortgage loans).

Minneapolis St Paul, MN: When taking out the largest loan most people will ever have in their life, a home loan, your Mortgage Loan Officer is going to ask a lot of questions, and request a lot of supporting documents, like pay stubs, W2's, tax returns, and your recent bank statemeloan most people will ever have in their life, a home loan, your Mortgage Loan Officer is going to ask a lot of questions, and request a lot of supporting documents, like pay stubs, W2's, tax returns, and your recent bank statemeloan, your Mortgage Loan Officer is going to ask a lot of questions, and request a lot of supporting documents, like pay stubs, W2's, tax returns, and your recent bank statemeLoan Officer is going to ask a lot of questions, and request a lot of supporting documents, like pay stubs, W2's, tax returns, and your recent bank statements.

The Loan to Value (LTV) is determined by dividing the value of the existing mortgages on a property by the estimated selling price of the property in question.

When mortgage loans are used to purchase property or a home, the mortgage lien is the legal claim of the lender to the property or home in question.

That's the question that millions of young people, new immigrants and people recovering from bankruptcy face as they try to build (or rebuild) their credit history in the hopes of one day qualifying for a rewards credit card, auto loan or mortgage.

Whatever the case may be, a Canadian reverse mortgage lender will guarantee that a loan will never be more than the fair market value of a home in question.

A lot of people have raised questions in the comments regarding proposed changes to federal bankruptcy law to accommodate modifications of mortgage loans.

Two years ago, I wrote an article titled Student Loans and Your First Mortgage in response to this exact question posed by a fellow blogger.

I read this Q&A again and would add one more observation - Student Loans and Your First Mortgage is an article I wrote in response to a friend's similar question.

V., in response to your question from the Mortgage - X website pertaining to paying points and the affect of paying points here is a general answer: Assuming that you are looking at a conforming loan Vs. a sub-prime loan you will find that the impact from paying one point (i.e. 1 % of the loan amount) generally equates to a.25 % reduction in the interest rate.

With the recent increased interest in FHA loans, we have received many questions regarding the impact of high cost tests on certain fees, including upfront mortgage insurance premiums (MIP) paid by borrowers financing with FHA.

One of the Mortgage Loan Officer national testing questions asked what intent to occupy meant and the correct answer, for testing purposes, was that the buyer would have to move in within 60 days.

Additionally, borrowers would be provided with a one - page question - and - answer document warning of loan features that may cause risks, such as balloon loans, mortgages with negative amortization and in some instances, adjustable - rate mortgages (ARMs).

The key questions are — how long do you plan to stay in the home, when do you want to pay off the mortgage or sell the property, what will your income look like in the next 3, 5 — 10 years — do you need better cash flow with lower payments or a workable repayment plan to pay off the mortgage sooner — knowing the borrower's short and long term plans and financial goals is necessary to make the best options avilable — the numbers of actual cost and benefits are the answer — show the total costs of principal and interest over 5 year periods and the total for keeping the loan for the full term, these are the real costs and savings for the borrower.

I did find this link Significant personal loan to pay off mortgage but in that question, the personal loan seems to be from a bank with a possibly higher interest rate and seeks ways to get out of what seems to be a difficult situation.

Some of the questions I have had regarding mortgages and just loans in general have had to do with whether it is a good idea to make extra payments on the principal.

Apart from the usual work duties of this position, a mortgage broker is expected to prepare clients» applications for loan processing and share information with the client regarding legal terms and conditions of the loan in question.

«Borrowers should seek a range of information, but each source should be vetted thoroughly,» says Greg Cook, a senior loan officer with Platinum Home Mortgage in Temecula, Calif. «Borrowers should remember that the right answers to their questions are often determined by the specifics of their individual situation.»