Zillow Advice RSS: Question-Discussion-Guide,All Real Estate Advice Topics,FL http://www.zillow.com/advice/FL/all/question-discussion-guide/mortgage/?s=0 Zillow Advice search results | Zillow Real Estate my current interest rate is 8.7 with a 660 credit score can i refi http://www.zillow.com/advice-thread/my-current-interest-rate-is-8-7-with-a-660-credit-score-can-i-refi/510534/ <p class="MsoNormal">There are many factors involved before that question can be answered but that rate is really high.<br/><br/>Melvin List<br/>Florida Mortgage Pro</p><br \><br \>0 replies Mon, 09 Sep 2013 14:40:00 GMT http://www.zillow.com/advice-thread/my-current-interest-rate-is-8-7-with-a-660-credit-score-can-i-refi/510534/ 2013-09-09T14:40:00Z I had an extention after leaving a 2nd job due to Health reasons, can my lender deny me the modifica http://www.zillow.com/advice-thread/I-had-an-extention-after-leaving-a-2nd-job-due-to-Health-reasons-can-my-lender-deny-me-the-modifica/221439/ Boo,<br/>&nbsp;&nbsp;&nbsp; As rude as it may appear, they may use this ans an excuse, but in reality many lenders are not doing many <a href="http://www.zillow.com/mortgage/">loan</a> modifications.<br/><br/>The whole <a href="http://www.zillow.com/loan-modification/">loan modification</a> process is designed to assist both the lender and the homeowner in theory, but in reality, it is lender based. The lender will force you to sumbit paper after paper and information after information, but statistically fails to do anything more than make you angry and disappoint you.<br/><br/><strong>Loan modification are and should be treated the same as a <a href="http://www.zillow.com/mortgage/">mortgage</a>. Yes, you must qualify for the new payment, (using their rate&amp;term) based upon your Debt to Income Ratio and payment history.<br/></strong><br/>NO LENDER IS IN SEARCH OF SOMEONE WITH SPOTTY PAYMENT HISTORY. And if your lender doesn't want to do a loan modification, do not think that another will...&nbsp; You basically get 1 shot, and no service that you pay for will benefit you with the DTI ratio.<br/><br/>I for one think that the government tried to create / force loan modifications as a "feel good" method to attempt to say they tried, but no one has any control.<br/><br/><strong>In short, can a lender deny you a loan modification, after leaving a second job.... yes.</strong> After leaving the second job, your debt to income has changed since <strong>you likely are not bringing in the previous income</strong>, and quite likely much less than before. So on this fact alone, they most likely will deny your loan modification. I doubt the extension / forbearance will matter. Communication is key, as long as you signed the previous paperwork for the forbearance, you should be fine. But the "CRITERIA" for the loan modification process is in need of work... <br/>But give the lender a call, and see what happens......<br/>Keep us informed &amp; good luck<br/><br/><br \><br \>0 replies Thu, 09 Apr 2009 13:27:00 GMT http://www.zillow.com/advice-thread/I-had-an-extention-after-leaving-a-2nd-job-due-to-Health-reasons-can-my-lender-deny-me-the-modifica/221439/ 2009-04-09T13:27:00Z Would i have a chance on being approved for a fha loan http://www.zillow.com/advice-thread/Would-i-have-a-chance-on-being-approved-for-a-fha-loan/381366/ The key to getting approved today is your debt to income ratio.&nbsp; Depending upon who has which debt and the husband's income, you may qualify individually right now. I am not sure the amount of the mortgage you seek, but today you will have no problem, just the amount you qualify for.<br/>You can check in with me, and we can run scenarios and with my credit reporting agency, they can give us a step by step guide and how long it might take to bring up the lower credit score.<br/>We can get it approved now and later.&nbsp; It depends upon what it is specifically you want.<br \><br \>0 replies Mon, 21 Feb 2011 17:05:00 GMT http://www.zillow.com/advice-thread/Would-i-have-a-chance-on-being-approved-for-a-fha-loan/381366/ 2011-02-21T17:05:00Z Anyone around here do HARP 2 Refis? http://www.zillow.com/advice-thread/Anyone-around-here-do-HARP-2-Refis/449033/ mymortgagebrokerjoe:&nbsp; current mortgage loan was&nbsp;closed around 2005 and it is owned by&nbsp;Fannie/Freddie.<br/><br/>Geofrey MerinoI:&nbsp; I don't understand why I dont qualify just because my house was built in 1999.<br/><br \><br \>0 replies Mon, 09 Jul 2012 23:00:00 GMT http://www.zillow.com/advice-thread/Anyone-around-here-do-HARP-2-Refis/449033/ 2012-07-09T23:00:00Z Want to buy my first home. http://www.zillow.com/advice-thread/Want-to-buy-my-first-home/529000/ I would start with a good Mortgage Lender or Banker. They know more about the programs that are available in the area you are interested in. I'm sure there are TONS here on Zilllow that can help you out.&nbsp;<br \><br \>0 replies Fri, 11 Apr 2014 03:41:00 GMT http://www.zillow.com/advice-thread/Want-to-buy-my-first-home/529000/ 2014-04-11T03:41:00Z what happen to assumeable mortgage loans is it still legal. or they did a way with it.? http://www.zillow.com/advice-thread/what-happen-to-assumeable-mortgage-loans-is-it-still-legal-or-they-did-a-way-with-it/196854/ 2 replies Sat, 07 Feb 2009 20:47:00 GMT http://www.zillow.com/advice-thread/what-happen-to-assumeable-mortgage-loans-is-it-still-legal-or-they-did-a-way-with-it/196854/ 2009-02-07T20:47:00Z Looking for an agent in Ft. Lauderdale Area knowing how to sell a home in this market. Aggressive http://www.zillow.com/advice-thread/Looking-for-an-agent-in-Ft-Lauderdale-Area-knowing-how-to-sell-a-home-in-this-market-Aggressive/190704/ I have a home in Ft. Lauderdale that I am trying to sell. I tried the agent thing, they were not proactive enough it seemed. The home is currently vacant and I really need to sell. I do need to get a certain amount in order to cover past <a href="http://www.zillow.com/mortgage/">mortgage</a> and obtain some cash from it.<br \><br \>9 replies Wed, 21 Jan 2009 14:20:00 GMT http://www.zillow.com/advice-thread/Looking-for-an-agent-in-Ft-Lauderdale-Area-knowing-how-to-sell-a-home-in-this-market-Aggressive/190704/ 2009-01-21T14:20:00Z Quesitons on Obtaining a FHA Loan http://www.zillow.com/advice-thread/Quesitons-on-Obtaining-a-FHA-Loan/381390/ <p>Do not waste your time go to mortgage officer get the application done.<br/>I wish you good luck!</p><br \><br \>0 replies Mon, 14 Feb 2011 21:27:00 GMT http://www.zillow.com/advice-thread/Quesitons-on-Obtaining-a-FHA-Loan/381390/ 2011-02-14T21:27:00Z my last 2 years w2 did not show my real income. so can i use my bank statements to proff my income? http://www.zillow.com/advice-thread/my-last-2-years-w2-did-not-show-my-real-income-so-can-i-use-my-bank-statements-to-proff-my-income/369089/ As your cash tips are taxable income and you chose not to report them, they also cannot be used for justification of income for a mortgage.<br/><br/>You can revise your taxes and declare all your tips.&nbsp;&nbsp; The bank statements show no source of the money (it could be drug money), no hint if it is regular,&nbsp; - or that you are breaking the law and hiding regular income.&nbsp; Those aren't things you wish to review with the lender.<br/><br/><br/><br/><br \><br \>0 replies Thu, 07 Oct 2010 05:28:00 GMT http://www.zillow.com/advice-thread/my-last-2-years-w2-did-not-show-my-real-income-so-can-i-use-my-bank-statements-to-proff-my-income/369089/ 2010-10-07T05:28:00Z mortgage loan ELIMINATION - have you heard about this service? http://www.zillow.com/advice-thread/mortgage-loan-ELIMINATION-have-you-heard-about-this-service/442905/ there is a Florida company offering document preparation and guidance for eliminating the existing mortgage note on residential and commercial loans -- they claim there are other providers that use a similar step-by-step process to obtain "free and clear" title --- has anyone heard of this type of program being legitimate?<br \><br \>2 replies Tue, 15 May 2012 20:31:00 GMT http://www.zillow.com/advice-thread/mortgage-loan-ELIMINATION-have-you-heard-about-this-service/442905/ 2012-05-15T20:31:00Z buying a home with 500 dollars down http://www.zillow.com/advice-thread/buying-a-home-with-500-dollars-down/350640/ It's a buyer's market right now, so you probably can easily find a seller who will cover your closing costs. There are many loan programs available with a low down payment requirement including the USDA rural development program which will allow you to put nothing down. Talk to your local mortgage broker for loan options. After the lender looks at your numbers, they can pre-qualify you and you can begin looking at homes with a local real estate agent. Feel free to contact me with any questions.<br \><br \>0 replies Wed, 11 Aug 2010 06:15:00 GMT http://www.zillow.com/advice-thread/buying-a-home-with-500-dollars-down/350640/ 2010-08-11T06:15:00Z loan Modification http://www.zillow.com/advice-thread/loan-Modification/43093/ <p>Loan modification is just a repayment plan where we help borrowers who are paying adjustable rate to get a fixed <a href="http://www.zillow.com/Mortgage_Rates/">interest rate</a> and in some cases if the <a href="http://www.zillow.com/mortgage/">mortgage</a> balance is the reason of stressed out payments we also help in the principal reduction and in any case if there is a genuine hardship the payments are in any case gonna come down for the borrower.</p><p>To know more call</p><p>1 866 563 9094-Don Fraser(Home Relief Services)</p><br \><br \>0 replies Thu, 16 Oct 2008 21:26:00 GMT http://www.zillow.com/advice-thread/loan-Modification/43093/ 2008-10-16T21:26:00Z Upside down mortgage/Under water http://www.zillow.com/advice-thread/Upside-down-mortgage-Under-water/209173/ According to Zillow, I owe $90,000 more than my homes current value!!! What do I do?????<br \><br \>1 reply Wed, 11 Mar 2009 13:48:00 GMT http://www.zillow.com/advice-thread/Upside-down-mortgage-Under-water/209173/ 2009-03-11T13:48:00Z Since the housing collapse, I'm upside down. Any way I can refi at current value? How? http://www.zillow.com/advice-thread/Since-the-housing-collapse-I%27m-upside-down-Any-way-I-can-refi-at-current-value-How/424461/ There are a number of programs out there that might help depending on your credit scores etc. I always suggest that people do not share their personal information on a public board., Click on the professionals tab at the top and search for a <a href="http://www.zillow.com/directory/lenders/">mortgage lender</a> to talk one on one.&nbsp;<br \><br \>0 replies Thu, 01 Dec 2011 12:07:00 GMT http://www.zillow.com/advice-thread/Since-the-housing-collapse-I%27m-upside-down-Any-way-I-can-refi-at-current-value-How/424461/ 2011-12-01T12:07:00Z home remodeling loan http://www.zillow.com/advice-thread/home-remodeling-loan/282992/ Talk to a <a href="http://www.zillow.com/directory/lenders/">mortgage broker</a> about 203k loans.&nbsp; You only need 5% equity to get this type of loan.&nbsp; You can also purchase using this loan.&nbsp; Contact me if you would like a referral to a mortgage pro who does this type of loan.<br \><br \>0 replies Tue, 29 Sep 2009 13:03:00 GMT http://www.zillow.com/advice-thread/home-remodeling-loan/282992/ 2009-09-29T13:03:00Z HOW SOON CAN I REFINACE MY HOUSE http://www.zillow.com/advice-thread/HOW-SOON-CAN-I-REFINACE-MY-HOUSE/516733/ You can refinance immediately as long as you don't request any cash back.<br/><br/>If it is a VA or FHA mortgage, additionally, you can structure the refi as a "streamline" which is basically no appraisal with reduced documentation.<br/><br/><br \><br \>0 replies Sun, 27 Oct 2013 22:43:00 GMT http://www.zillow.com/advice-thread/HOW-SOON-CAN-I-REFINACE-MY-HOUSE/516733/ 2013-10-27T22:43:00Z I am an Realestate agent in Florida and am interested in advertising for buyers http://www.zillow.com/advice-thread/I-am-an-Realestate-agent-in-Florida-and-am-interested-in-advertising-for-buyers/572104/ <p>If you are looking for an awesome mortgage company give me a call I am a loan originator in central Florida. I would love to assist your clients with their mortgage financing needs.</p><br/><br/><p>Iliana Perez</p><p>[Contact information has been removed by the Zillow Moderator. See our <a href="http://www.zillow.com/howto/GoodNeighborPolicy.htm">Good Neighbor Policy</a> for details.]</p><br \><br \>0 replies Tue, 13 Jan 2015 18:24:00 GMT http://www.zillow.com/advice-thread/I-am-an-Realestate-agent-in-Florida-and-am-interested-in-advertising-for-buyers/572104/ 2015-01-13T18:24:00Z First Time Home-Buyer wondering if I am making the right choice. http://www.zillow.com/advice-thread/First-Time-Home-Buyer-wondering-if-I-am-making-the-right-choice/203047/ <p>You have a dog and have wanted to own a house with a yard for years now.&nbsp; To me it's a good time to buy because the down market will go back up and you can ride with it.&nbsp;<br/><br/>The only reason I wouldn't buy would be if I wasn't sure I was going to stay in the area.&nbsp; Rents will go up and down with the market, lagging a little behind.&nbsp; Basically you're just paying for someone else's house.&nbsp;<br/><br/>As far as points and locks go, talk that over with your mortgage broker.&nbsp; If you don't have one, ask me and I'll send mine to you.</p><p>I'm a realtor and appraiser.&nbsp; Let me know if I can help you find a place.&nbsp; Here's my blog on&nbsp;<a rel="nofollow" href="http://priceright.wordpress.com/2009/04/08/best-way-to-find-the-best-deal-on-the-best-home/">the best way to find the best deal on the best home</a>.</p><br \><br \>0 replies Fri, 10 Apr 2009 20:01:00 GMT http://www.zillow.com/advice-thread/First-Time-Home-Buyer-wondering-if-I-am-making-the-right-choice/203047/ 2009-04-10T20:01:00Z Which buyer's agent would like to talk to me about a quality referral for Melbourne? http://www.zillow.com/advice-thread/Which-buyer%27s-agent-would-like-to-talk-to-me-about-a-quality-referral-for-Melbourne/393729/ Hi Bethany,<br/>If would love to work with you to help you find your dream home. I am a Melbourne native and a local area expert. I have several years of mortgage banking experience&nbsp;as well as&nbsp;an insurance background which helps me guide my clients through every step of their buying process. Please contact me if you are still looking! Thank you and Good Luck.<br/><br/>Krissy Lindbaek<br/>RE/MAX BeachTowne<br/>(321) 591-3615<br \><br \>0 replies Tue, 05 Apr 2011 18:04:00 GMT http://www.zillow.com/advice-thread/Which-buyer%27s-agent-would-like-to-talk-to-me-about-a-quality-referral-for-Melbourne/393729/ 2011-04-05T18:04:00Z Guidance for homeowner in good standing. http://www.zillow.com/advice-thread/Guidance-for-homeowner-in-good-standing/381428/ How can an underwater homeowner, not under financial duress, take advantage of lower mortgage interest rates&nbsp;without&nbsp;incurring additional expense to&nbsp;cover difference of current&nbsp;mortgage balance vs.&nbsp;martket value.&nbsp;<br \><br \>2 replies Wed, 19 Jan 2011 02:54:00 GMT http://www.zillow.com/advice-thread/Guidance-for-homeowner-in-good-standing/381428/ 2011-01-19T02:54:00Z