Zillow Advice RSS: Question-Discussion-Guide,All Real Estate Advice Topics,AR http://www.zillow.com/advice/AR/all/question-discussion-guide/mortgage/?s=0 Zillow Advice search results | Zillow Real Estate My credit rating is 644 currently. Is that too low to purchase home in Arkansas. http://www.zillow.com/advice-thread/My-credit-rating-is-644-currently-Is-that-too-low-to-purchase-home-in-Arkansas/501005/ <em>Talk with a Loan Officer and have them pull your credit report and has him/her if there is a&nbsp;way to improve your score over the next couple of months. You want to avoid an FHA loan becuse it's today's&nbsp;new sub-prime loan. It has high monthly mortgage insurance on top of the UFMIP of 1.75%. A 644 credit score will qualify you for an FHA loan but I'd work on improving your credit score if at all possible. It will save you money in the end!<br/><br/> GL</em><br \><br \>0 replies Tue, 09 Jul 2013 20:53:00 GMT http://www.zillow.com/advice-thread/My-credit-rating-is-644-currently-Is-that-too-low-to-purchase-home-in-Arkansas/501005/ 2013-07-09T20:53:00Z What can I do to get more (or better) quotes for my loan request ZR-LKHLMTY? http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-LKHLMTY/516042/ Contact your local banking institution that provides mortgage lending, and or contact a local mortgage company specifically to request a prequalification. &nbsp;<br \><br \>0 replies Mon, 21 Oct 2013 00:43:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-LKHLMTY/516042/ 2013-10-21T00:43:00Z how to sell by owner http://www.zillow.com/advice-thread/how-to-sell-by-owner/364628/ <p>Selling process&nbsp;for sale by owner.&nbsp; No mortgage.</p><br \><br \>4 replies Tue, 31 Aug 2010 19:16:00 GMT http://www.zillow.com/advice-thread/how-to-sell-by-owner/364628/ 2010-08-31T19:16:00Z Can your trade a home you are currently paying mortgage on for another home of a lesser value? http://www.zillow.com/advice-thread/Can-your-trade-a-home-you-are-currently-paying-mortgage-on-for-another-home-of-a-lesser-value/492865/ 2 replies Fri, 17 May 2013 22:12:00 GMT http://www.zillow.com/advice-thread/Can-your-trade-a-home-you-are-currently-paying-mortgage-on-for-another-home-of-a-lesser-value/492865/ 2013-05-17T22:12:00Z How do you find VA lenders in central Arkansas (Conway)? http://www.zillow.com/advice-thread/How-do-you-find-VA-lenders-in-central-Arkansas-Conway/343000/ We have a few credit issues, and want to have the option of working with multiple lenders if needed to get approval for a VA mortgage. &nbsp;We are new to Arkansas and have no contacts.<br \><br \>4 replies Sun, 11 Apr 2010 17:06:00 GMT http://www.zillow.com/advice-thread/How-do-you-find-VA-lenders-in-central-Arkansas-Conway/343000/ 2010-04-11T17:06:00Z Any ideas on how I can get out of my parents'mortgage without running my credit or leaving them home http://www.zillow.com/advice-thread/Any-ideas-on-how-I-can-get-out-of-my-parents%27mortgage-without-running-my-credit-or-leaving-them-home/550873/ <div>I live in Colorado. I bought my parents' home in Hot Springs Village about 10 years ago on a short sale at the height of the market when they almost lost it to foreclosure.They are 80 years old and live in it. I only have a few months left in savings, and after that I can no longer afford paying their mortgage &amp; ours. None of my siblings will help. It sounds like it'd be under water if we tried selling. I have good credit,&amp; don't want to ruin it by foreclosure. My loan to debt ratio is too bad to qualify for refi on my home nor theirs. My mom suggested signing it over to them and they'll file bankruptcy, but &nbsp;wouldn't they have to qualify for a mortgage? I doubt they'd qualify since neither works, they have no savings, and horrible credit.<br/>&nbsp;<br/><div>I love them &amp; am glad they're still around. I'd like to preserve their dignity, but I'm running out of time, money, and ideas. Any suggestions on how I can get out of their mortgage without leaving them homeless nor ruining my credit? Thank you.</div></div><br \><br \>3 replies Wed, 23 Jul 2014 11:21:00 GMT http://www.zillow.com/advice-thread/Any-ideas-on-how-I-can-get-out-of-my-parents%27mortgage-without-running-my-credit-or-leaving-them-home/550873/ 2014-07-23T11:21:00Z How do I change the purchase price of my house? The $50,000 I paid down is not account for. http://www.zillow.com/advice-thread/How-do-I-change-the-purchase-price-of-my-house-The-50-000-I-paid-down-is-not-account-for/427004/ Dear Jobritt, Zillow gleans public records to see what properties have sold for. They sometimes get the information from agents &amp; other times <a href="http://www.zillow.com/mortgage-rates/">mortgage</a> instruments that are filed at the courthouse. I'm not sure what your concerns is about your home. I personally wouldn't want my downpayment amount to reduce what I purchased my home for mainly because people would then think that I only paid "X" for my house &amp; when I got ready to sell, they would want to potentially offer me less. If your concern is that your home is potentially worth less now than what you purchased it for hang in there. The market in Central Arkansas is getting stronger &amp; <a href="http://www.zillow.com/local-info/">property values</a> are slowly improving. Hope this helps &amp; best wishes!<br \><br \>0 replies Thu, 29 Dec 2011 14:26:00 GMT http://www.zillow.com/advice-thread/How-do-I-change-the-purchase-price-of-my-house-The-50-000-I-paid-down-is-not-account-for/427004/ 2011-12-29T14:26:00Z I would like to own a house, however I got student loans debt, problem? program to help? http://www.zillow.com/advice-thread/I-would-like-to-own-a-house-however-I-got-student-loans-debt-problem-program-to-help/358813/ You can always talk with a Mortgage banker....they can run&nbsp; your credit and explain what problems you may have and help with advice on how to fix your credit......also, you might try to find someone who will owner finance or a Lease with an option to purchase, however you may need a good sum of cash as a deposit to show you are serious.<br \><br \>0 replies Mon, 26 Jul 2010 15:37:00 GMT http://www.zillow.com/advice-thread/I-would-like-to-own-a-house-however-I-got-student-loans-debt-problem-program-to-help/358813/ 2010-07-26T15:37:00Z What can I do to get more (or better) quotes for my loan request ZR-CPBGPDT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-CPBGPDT/395966/ <p>A. Bell,<br/><br/>Not many local lenders are taking advantage of Zillow to market their services. I believe that you best best will be to call upon some local mortgage companies so that you can receive a little more personal service.<br/><br/>If you would like any recommendations send me an email or give me a call. I have worked with countless lenders.<br/><br/>Best of luck!<br/>Julann Carney, Realtor<br/>Multi Million Dollar Producer<br/>Plantation Realty Company</p><br \><br \>0 replies Thu, 21 Apr 2011 19:17:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-CPBGPDT/395966/ 2011-04-21T19:17:00Z Why is my profile not showing up on a search for lenders? http://www.zillow.com/advice-thread/Why-is-my-profile-not-showing-up-on-a-search-for-lenders/524301/ Hi Jason,&nbsp;<br/><br/>Give it a try now. You should be searchable with and without an indicated location.&nbsp;<br/><br/>Best,&nbsp;<br/><br/>Kimberly<br/>Zillow<br/>Mortgage Support<br \><br \>0 replies Mon, 13 Jan 2014 17:30:00 GMT http://www.zillow.com/advice-thread/Why-is-my-profile-not-showing-up-on-a-search-for-lenders/524301/ 2014-01-13T17:30:00Z WHAT ARE INTEREST RATES DOING THIS PAST WEEK? http://www.zillow.com/advice-thread/WHAT-ARE-INTEREST-RATES-DOING-THIS-PAST-WEEK/555051/ Little of this and a little of that.<br/><br/>Mortgage News Daily MBS pricing. Zillow average quote is 4.05-ish.<br/><br/><img imagetype="8" uploadtype="new" imageid="X1-IAbtta80ksj08f1000000000_mwjl0" src="http://photos2.zillowstatic.com/o_a/ISt8ep90ksj08f1000000000.jpg" width=" 593px" height=" 246px"/><br \><br \>0 replies Sat, 16 Aug 2014 16:16:00 GMT http://www.zillow.com/advice-thread/WHAT-ARE-INTEREST-RATES-DOING-THIS-PAST-WEEK/555051/ 2014-08-16T16:16:00Z what happened to the mortgage calculator? http://www.zillow.com/advice-thread/what-happened-to-the-mortgage-calculator/396845/ the page is broken, or I can't find it anymore. Yesterday I used it.&nbsp; Today the link doesn't work and the agent who had it on there site as a widget doesn't have it there anymore.&nbsp; what's up?<br \><br \>4 replies Thu, 28 Apr 2011 01:04:00 GMT http://www.zillow.com/advice-thread/what-happened-to-the-mortgage-calculator/396845/ 2011-04-28T01:04:00Z TAKE OVER MORTGAGE PAYMENTS http://www.zillow.com/advice-thread/TAKE-OVER-MORTGAGE-PAYMENTS/321282/ DOES ANY ONE HAVE A <a href="http://www.zillow.com/mortgage/">MORTGAGE</a> ON A NICE HOME THAT YOU WANT TO LET SOMEONE ELSE TAKE UP<br \><br \>1 reply Wed, 03 Feb 2010 14:59:00 GMT http://www.zillow.com/advice-thread/TAKE-OVER-MORTGAGE-PAYMENTS/321282/ 2010-02-03T14:59:00Z How can I get a quote request on Zillow? My request always yields 0 results??? http://www.zillow.com/advice-thread/How-can-I-get-a-quote-request-on-Zillow-My-request-always-yields-0-results/411884/ It looks to me that it primarily is that there are not that many people quoting in Arkansas.<br/><br/>That, and you likely will have to add mortgage insurance with that additional cash out, thus may not have any real savings.<br/><br/>Looking at the rate trends (click on chart to the right, and then click on interactive chart in the right margin, and then set your criterion in the left margin), it is only indicating 24 quotes in Arkansas for the week in that FICO range.<br/><br/>The average % rate for the nation for 30 yr fixed and that FICO range is about 4.1%; but for Arkansas, it is about 4.27.<br/><br/>The quotes that were coming in for Arkansas seem to be purchase loans rather than refinances, and especially no "cash out".<br/><br \><br \>0 replies Tue, 16 Aug 2011 23:04:00 GMT http://www.zillow.com/advice-thread/How-can-I-get-a-quote-request-on-Zillow-My-request-always-yields-0-results/411884/ 2011-08-16T23:04:00Z property virgin in need of help buying my first home http://www.zillow.com/advice-thread/property-virgin-in-need-of-help-buying-my-first-home/537695/ Kellen, <br/>Based strictly on the few details above, you should rent.&nbsp; Rent to owns are rare and even more rarely beneficial to the renter.&nbsp; You don't own until later and then only if you have solved the issues with your credit.&nbsp; More often than not these arrangements benefit the owner/landlord and not the renter/buyer. <br/>Buying a bank owned home still requires your credit be strong enough to get a mortgage. <br/>You have a lot on your hands as a full time student and single mom.&nbsp; Home ownership adds maintenance and other expenses you may not be prepared for.&nbsp; Renting allows flexibility and someone else fixes the roof and replaces the stove when it breaks.&nbsp; <br/>While you're renting, work on your credit. There are specific steps you can take to improve it so that when school is out and your income goes up you may be prepared to buy and have many more options available to you.&nbsp; Best of luck. &nbsp;<br \><br \>0 replies Wed, 23 Apr 2014 23:42:00 GMT http://www.zillow.com/advice-thread/property-virgin-in-need-of-help-buying-my-first-home/537695/ 2014-04-23T23:42:00Z WHY RENT when you can BUY ? http://www.zillow.com/advice-thread/WHY-RENT-when-you-can-BUY/259305/ &nbsp;<em>It is important that potential home buyers not only look at the monthly <a href="http://www.zillow.com/mortgage/">mortgage</a> payment compared with their monthly rent payment, but that they also consider other costs associated with homeownership.&nbsp; These can include homeowner association (HOA) fees, insurance, maintenance, and utilities, which most renters are not responsible for paying<br/><br/></em>Ignorance!&nbsp; My rent by defacto pays for the owners taxes, HOA, etc........it is rolled into my rent, and when my rent is HALF of what owners around me are paying to live in the same place it is pretty much cut and dried the most ignorant thing to jump in and buy!&nbsp;&nbsp;<br/><br/>All the Associated Press lately touting good <a href="http://www.zillow.com">real estate</a> and economic news is pure gov't back bull crap meant to convince the sheeps to go to slaughter to try and bolster the economy that really isn't in a rebound.&nbsp;&nbsp; <br/><br \><br \>0 replies Thu, 30 Jul 2009 02:49:00 GMT http://www.zillow.com/advice-thread/WHY-RENT-when-you-can-BUY/259305/ 2009-07-30T02:49:00Z Refinance or Sell? http://www.zillow.com/advice-thread/Refinance-or-Sell/344474/ There is a refinance break even calculator&nbsp;<a rel="nofollow" href="http://www.dinkytown.com/java/MortgageRefinance.html">here</a>&nbsp;that might help you run some numbers. The interest rate on the mortgage will depend on your credit score, but you can at least take a look to see what rate would make sense to refi.<br \><br \>0 replies Thu, 15 Apr 2010 21:14:00 GMT http://www.zillow.com/advice-thread/Refinance-or-Sell/344474/ 2010-04-15T21:14:00Z How would I be able to get a home out of my name to my spouse in a divorce http://www.zillow.com/advice-thread/How-would-I-be-able-to-get-a-home-out-of-my-name-to-my-spouse-in-a-divorce/536730/ Yes, this can be done by refinancing your home. This is a common route for people after a divorce. Refinancing is the only way to get your name off of the mortgage. This means your former spouse will have to qualify for the mortgage on their own. So there finances must be strong enough to support a mortgage.&nbsp;The best thing for you to do is to speak with a knowledgeable lender to see if you can get started on refinancing for your situation.&nbsp;If you need additional assistance, feel free to reach out. Good luck!<br \><br \>0 replies Wed, 16 Apr 2014 22:19:00 GMT http://www.zillow.com/advice-thread/How-would-I-be-able-to-get-a-home-out-of-my-name-to-my-spouse-in-a-divorce/536730/ 2014-04-16T22:19:00Z Is the only way to buy a foreclosure is to pay cash?? http://www.zillow.com/advice-thread/Is-the-only-way-to-buy-a-foreclosure-is-to-pay-cash/567577/ If it is in a foreclosure auction, then yes, cash is needed. If the bank has taken the home back, some homes can be purchased with a mortgage depending on its condition. A good buyer broker experienced in REo homes sure can help or ask the listing agent direct if the home can be purchased with a mortgage and what types.<br \><br \>0 replies Sat, 22 Nov 2014 21:20:00 GMT http://www.zillow.com/advice-thread/Is-the-only-way-to-buy-a-foreclosure-is-to-pay-cash/567577/ 2014-11-22T21:20:00Z What can I do to get more (or better) quotes for my loan request ZR-KQKHSPY? http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-KQKHSPY/523639/ <p>Are you building and paying for the build with your mortgage with draws to the builder? Or are you looking for an end loan to close after the builder has completed? If it's the latter, you just need to explain that to get more offers. If it's a true construction loan, not many lenders offer them. We do at my savings &amp; loan, but only&nbsp;in our local area. Your builder and realtor may have referrals for you.<br/><br/>Good luck in building your new home!</p><br \><br \>0 replies Tue, 07 Jan 2014 21:26:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-KQKHSPY/523639/ 2014-01-07T21:26:00Z