Zillow Advice RSS: Question,Mortgage,Albany- NY http://www.zillow.com/advice/Albany-NY/mortgage/question/ Zillow Advice search results | Zillow Real Estate FHA Construction to Permanent Loan for Upstate NY http://www.zillow.com/advice-thread/FHA-Construction-to-Permanent-Loan-for-Upstate-NY/580436/ I am looking for a lender that services the NY capital district and offers the FHA Construction to Permanent loan with 3.5% down.&nbsp; Any lenders who offer this product please contact me.<br \><br \>3 replies Thu, 26 Mar 2015 19:19:00 GMT http://www.zillow.com/advice-thread/FHA-Construction-to-Permanent-Loan-for-Upstate-NY/580436/ 2015-03-26T19:19:00Z While buying a short sale house, can I give up current house with "deed in lieu of foreclosure"? http://www.zillow.com/advice-thread/While-buying-a-short-sale-house-can-I-give-up-current-house-with-deed-in-lieu-of-foreclosure/571265/ My current house has not sold yet (90+ days so far). To avoid paying two&nbsp;mortgages for a while (I can with some help from family), can I surrender my current house back to the bank? Will the short sale purchase be affected if I begin a loan modification process on current home?<br \><br \>6 replies Mon, 05 Jan 2015 18:28:00 GMT http://www.zillow.com/advice-thread/While-buying-a-short-sale-house-can-I-give-up-current-house-with-deed-in-lieu-of-foreclosure/571265/ 2015-01-05T18:28:00Z Credit check for owner financing http://www.zillow.com/advice-thread/Credit-check-for-owner-financing/551374/ I want to offer&nbsp;a potential buyer of my home owner financing. The buyer is offering a substantial&nbsp;down payment but&nbsp;I want to be sure the buyer is a good risk. Who should be performing the credit check my realtor, my attorney or me.<br \><br \>4 replies Fri, 25 Jul 2014 20:46:00 GMT http://www.zillow.com/advice-thread/Credit-check-for-owner-financing/551374/ 2014-07-25T20:46:00Z Construction loan 475K. Credit score 750+ http://www.zillow.com/advice-thread/Construction-loan-475K-Credit-score-750/548591/ Construction loan after recent refinance. Credit score 750+ I refinanced my home in 2013 and I have very low equity in my current home along with 14k credit card loan. Both of us have credit score above 750. I purchased a lot of 8 acres and I want build a home on this lot. We are looking for 80% loan on the construction cost. We both have steady job with same employer for 10+ years. Is there any option for me to get the construction loan of about 475K? Since the lot is 100% paid off, does it count as down payment?<br \><br \>2 replies Sun, 06 Jul 2014 14:29:00 GMT http://www.zillow.com/advice-thread/Construction-loan-475K-Credit-score-750/548591/ 2014-07-06T14:29:00Z Can I roll closing costs into FHA loan in NYC http://www.zillow.com/advice-thread/Can-I-roll-closing-costs-into-FHA-loan-in-NYC/544085/ Looking at a property in Albany, NY.&nbsp; It's short sale, bank approved offer at 82,000.&nbsp; Tax assessment at 140,000.&nbsp; I have the 3.5% to put down, but don't have the cash in hand to cover closing costs.&nbsp; Are there any options for me? My wife and I make approximately $76,000, I have a 660 credit score, hers is around 620.<br \><br \>4 replies Wed, 04 Jun 2014 18:12:00 GMT http://www.zillow.com/advice-thread/Can-I-roll-closing-costs-into-FHA-loan-in-NYC/544085/ 2014-06-04T18:12:00Z Self Employed and can't get Bank Approval http://www.zillow.com/advice-thread/Self-Employed-and-can%27t-get-Bank-Approval/473993/ I'm a self employed minister working with a small local church. So small that I receive income from other churches.<br/><br/>How can I get banks on board? I do not have a regular W-2.<br/>Is there a self-employed mortgage program I should look for?<br \><br \>6 replies Fri, 11 Jan 2013 14:34:00 GMT http://www.zillow.com/advice-thread/Self-Employed-and-can%27t-get-Bank-Approval/473993/ 2013-01-11T14:34:00Z Can I change my mortgage broker after loan approved? http://www.zillow.com/advice-thread/Can-I-change-my-mortgage-broker-after-loan-approved/524052/ My FHA loan has been approved and I have a closing scheduled in 5 days. I just received a call from my mortgage broker who said his license lapsed and the lender won't close without a licensed broker. Would another broker be able to help me close??? I did suggest this to my current unlicensed broker who quickly changed the subject. He is an independent broker. HELP!!<br \><br \>13 replies Sat, 11 Jan 2014 00:20:00 GMT http://www.zillow.com/advice-thread/Can-I-change-my-mortgage-broker-after-loan-approved/524052/ 2014-01-11T00:20:00Z Cash Out w/ Life Estate Lender? http://www.zillow.com/advice-thread/Cash-Out-w-Life-Estate-Lender/513234/ Hello everyone,<br/><br/>I have a home in NY (not primary residence - I currently reside in CT) with no mortgage.&nbsp; The home has elderly relatives in it with a life estate.&nbsp; I would like to&nbsp;do a cash out refi.&nbsp; Does anyone know anybody or have any leads as to a potential lender?&nbsp; I have no&nbsp;debts (rent), excellent credit, and sufficient income.<br/><br/>Any&nbsp;advice/help is much appreciated!<br/><br/>Thanks,<br/><br/>Matt&nbsp;<br \><br \>2 replies Fri, 27 Sep 2013 22:11:00 GMT http://www.zillow.com/advice-thread/Cash-Out-w-Life-Estate-Lender/513234/ 2013-09-27T22:11:00Z Which bank can I go to to take equity out of my primary residence (which is also a mixuse) ? http://www.zillow.com/advice-thread/Which-bank-can-I-go-to-to-take-equity-out-of-my-primary-residence-which-is-also-a-mixuse/483797/ I am interested in taking equity to add a garage, new roof, etc. &nbsp;We bought it nearly 2 yrs ago, and put in over 50k, bought it for 70k...we want to take out 50k &nbsp;Property is worth $200k sporting 3 units (one commercial, 2 residential). &nbsp;Anyone that can shed some details, recommendations...would greatly be appreciated<br \><br \>0 replies Wed, 20 Mar 2013 09:58:00 GMT http://www.zillow.com/advice-thread/Which-bank-can-I-go-to-to-take-equity-out-of-my-primary-residence-which-is-also-a-mixuse/483797/ 2013-03-20T09:58:00Z credit scores changed after pre approval of mortgage can they drop a name from the contract? http://www.zillow.com/advice-thread/credit-scores-changed-after-pre-approval-of-mortgage-can-they-drop-a-name-from-the-contract/468022/ 2 replies Sat, 10 Nov 2012 13:02:00 GMT http://www.zillow.com/advice-thread/credit-scores-changed-after-pre-approval-of-mortgage-can-they-drop-a-name-from-the-contract/468022/ 2012-11-10T13:02:00Z Getting start with buying my first home. http://www.zillow.com/advice-thread/Getting-start-with-buying-my-first-home/437475/ I am looking for my first home but I don't know where to start. I currently live with my parents, so I do not have rent expense. The only debt I have are about 20k in school loans.<br/><br/>I want to purchase a multi-family home so I am wondering how the income from the second unit will factor into getting the mortgage.<br/><br/>Don't know what my chance of getting a mortgage are, A FHA loan looks appealing but don't know all that's involved.<br/><br/>My info:<br/>&gt; 7-8 years of credit history<br/>&gt; 730 credit score<br/>&gt; $10,000 reserved for a down payment.<br/>&gt; Been at my current job for 1 year.<br/>&gt;&nbsp; $2000 monthly income<br \><br \>1 reply Mon, 02 Apr 2012 01:49:00 GMT http://www.zillow.com/advice-thread/Getting-start-with-buying-my-first-home/437475/ 2012-04-02T01:49:00Z IS IT A GOOD IDEA AS A FIRST TIME HOME OWNER TO LOOK TO PROFIT THE FIRST TIME BUYING INCOME PROPERTY http://www.zillow.com/advice-thread/IS-IT-A-GOOD-IDEA-AS-A-FIRST-TIME-HOME-OWNER-TO-LOOK-TO-PROFIT-THE-FIRST-TIME-BUYING-INCOME-PROPERTY/413937/ 10 replies Thu, 01 Sep 2011 03:24:00 GMT http://www.zillow.com/advice-thread/IS-IT-A-GOOD-IDEA-AS-A-FIRST-TIME-HOME-OWNER-TO-LOOK-TO-PROFIT-THE-FIRST-TIME-BUYING-INCOME-PROPERTY/413937/ 2011-09-01T03:24:00Z Self-employment income http://www.zillow.com/advice-thread/Self-employment-income/404247/ When applying for a loan, why do I need to document my self-employment income? Why can't the lender just request that information from the IRS?<br \><br \>7 replies Mon, 20 Jun 2011 20:24:00 GMT http://www.zillow.com/advice-thread/Self-employment-income/404247/ 2011-06-20T20:24:00Z Do 5% down mortgages exist in New York that are not FHA loans? Do 80/15/5 loans still exist in NYS? http://www.zillow.com/advice-thread/Do-5-down-mortgages-exist-in-New-York-that-are-not-FHA-loans-Do-80-15-5-loans-still-exist-in-NYS/362720/ 2 replies Wed, 18 Aug 2010 17:11:00 GMT http://www.zillow.com/advice-thread/Do-5-down-mortgages-exist-in-New-York-that-are-not-FHA-loans-Do-80-15-5-loans-still-exist-in-NYS/362720/ 2010-08-18T17:11:00Z What is the vaule of my home http://www.zillow.com/advice-thread/What-is-the-vaule-of-my-home/324612/ What is the vaule of my home<br \><br \>2 replies Sun, 14 Feb 2010 17:56:00 GMT http://www.zillow.com/advice-thread/What-is-the-vaule-of-my-home/324612/ 2010-02-14T17:56:00Z how much does a new morgage impact your score? http://www.zillow.com/advice-thread/how-much-does-a-new-morgage-impact-your-score/328630/ I have heard that credit scores will go down with a new mortgage.&nbsp; We have high 770+ scores from all three bureaus and have spent time making sure our scores are high.&nbsp; I don't want them to drop I want them in the 800's.&nbsp; Will this kill our low debt to&nbsp;utilization ratio?&nbsp; We don't plan on new cards or new <a href="http://www.zillow.com/mortgage/">loans</a> but I don't want the scores to go down.<br \><br \>7 replies Fri, 26 Feb 2010 02:52:00 GMT http://www.zillow.com/advice-thread/how-much-does-a-new-morgage-impact-your-score/328630/ 2010-02-26T02:52:00Z Are closing costs typically 6% of the purchase price in NY state? http://www.zillow.com/advice-thread/Are-closing-costs-typically-6-of-the-purchase-price-in-NY-state/327279/ We are being told that closing cost for a <a href="http://www.zillow.com/mortgage/">loan</a> on a house selling for $272 may be up to 16K? How can that be? How does anyone afford a house?<br \><br \>4 replies Mon, 22 Feb 2010 22:23:00 GMT http://www.zillow.com/advice-thread/Are-closing-costs-typically-6-of-the-purchase-price-in-NY-state/327279/ 2010-02-22T22:23:00Z on 8/13/09 I got a mtg rate quote of 5.5%. For a fixed 30 yr. Would u wait for a lower rate ? http://www.zillow.com/advice-thread/on-8-13-09-I-got-a-mtg-rate-quote-of-5-5-For-a-fixed-30-yr-Would-u-wait-for-a-lower-rate/267762/ 5 replies Thu, 13 Aug 2009 20:12:00 GMT http://www.zillow.com/advice-thread/on-8-13-09-I-got-a-mtg-rate-quote-of-5-5-For-a-fixed-30-yr-Would-u-wait-for-a-lower-rate/267762/ 2009-08-13T20:12:00Z what is a commitment fee --- is $200 reasonable ? http://www.zillow.com/advice-thread/what-is-a-commitment-fee-is-200-reasonable/267759/ 3 replies Thu, 13 Aug 2009 20:07:00 GMT http://www.zillow.com/advice-thread/what-is-a-commitment-fee-is-200-reasonable/267759/ 2009-08-13T20:07:00Z I need to lock in within the next week. Should I do it now, as rates seem to be continuing to rise http://www.zillow.com/advice-thread/I-need-to-lock-in-within-the-next-week-Should-I-do-it-now-as-rates-seem-to-be-continuing-to-rise/243386/ New York<br \><br \>4 replies Sun, 07 Jun 2009 02:42:00 GMT http://www.zillow.com/advice-thread/I-need-to-lock-in-within-the-next-week-Should-I-do-it-now-as-rates-seem-to-be-continuing-to-rise/243386/ 2009-06-07T02:42:00Z