Zillow Advice RSS: Question-Discussion-Guide,Mortgage,CO http://www.zillow.com/advice/CO/mortgage/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate Denver/DTC/Greenwood Village - financing for home addition and remodel http://www.zillow.com/advice-thread/Denver-DTC-Greenwood-Village-financing-for-home-addition-and-remodel/600324/ Hi - I currently own my home in Greenwood Village and I'm looking at financing options for an addition/renovation project. &nbsp;I do have equity in the home, but the most I think I could get from a HELOC is about $125k (at 90% CLTV). &nbsp;This is of course based on the CURRENT appraised value. &nbsp;Does anyone know if there are banks or credit unions in the area that will accept and lend on an AS IMPROVED appraised value? &nbsp;I need to get the financed portion of the project up to about $200k. &nbsp;Thanks, I really appreciate any feedback or suggestions!<br \><br \>2 replies Sat, 15 Aug 2015 14:11:00 GMT http://www.zillow.com/advice-thread/Denver-DTC-Greenwood-Village-financing-for-home-addition-and-remodel/600324/ 2015-08-15T14:11:00Z Is it possible to get $600k financing with 5% down? http://www.zillow.com/advice-thread/Is-it-possible-to-get-600k-financing-with-5-down/595500/ looking at new home, $630k and we have $30k to put down. 700+ credit score, $150k+ annual income, will close in early 2016.<br \><br \>10 replies Tue, 14 Jul 2015 01:09:00 GMT http://www.zillow.com/advice-thread/Is-it-possible-to-get-600k-financing-with-5-down/595500/ 2015-07-14T01:09:00Z Colorado Portfolio Lenders? http://www.zillow.com/advice-thread/Colorado-Portfolio-Lenders/451363/ Hi, <br/><br/>I have 6 single family rentals and would like to refinance two of them but am having trouble finding a lender who can loan to anyone who owns more than four properties. <br/><br/>Suggestions??<br/><br/>Thank you, <br/><br/>Michael Gardner<br \><br \>3 replies Tue, 17 Jul 2012 15:43:00 GMT http://www.zillow.com/advice-thread/Colorado-Portfolio-Lenders/451363/ 2012-07-17T15:43:00Z Old debt showing up in underwriting but not on credit report? http://www.zillow.com/advice-thread/Old-debt-showing-up-in-underwriting-but-not-on-credit-report/598956/ I'm currently in underwriting on a VA loan. An old second mortgage (house foreclosed 8 years ago) is showing up in underwriting and they are asking for proof of settlement or forgiveness. Since I'm well past the Colorado statue of limitations on unsecured debt (6 years) and this isn't showing up on any of my credit reports (and hasn't in over a year), I'm not sure how to deal with this? Is it usual for items this old which aren't on a credit report to show up in underwriting?<br \><br \>5 replies Thu, 06 Aug 2015 06:51:00 GMT http://www.zillow.com/advice-thread/Old-debt-showing-up-in-underwriting-but-not-on-credit-report/598956/ 2015-08-06T06:51:00Z Is 90K gross salary enough to qualify for a 300K home in Loveland, CO (or surrounding area)? http://www.zillow.com/advice-thread/Is-90K-gross-salary-enough-to-qualify-for-a-300K-home-in-Loveland-CO-or-surrounding-area/589979/ Hi - was wondering if one puts 5% down and/or FHA loan, has a credit score of 650+/- and no other debt&hellip;?<br \><br \>8 replies Fri, 05 Jun 2015 17:13:00 GMT http://www.zillow.com/advice-thread/Is-90K-gross-salary-enough-to-qualify-for-a-300K-home-in-Loveland-CO-or-surrounding-area/589979/ 2015-06-05T17:13:00Z FHA Streamline refinance on investment property? http://www.zillow.com/advice-thread/FHA-Streamline-refinance-on-investment-property/585011/ I'm recently divorced and need to refinance an investment/rental property to get my ex-wife's name off the mortgage &amp; title. Can this be done through an FHA streamline refinance?<br \><br \>5 replies Thu, 30 Apr 2015 20:24:00 GMT http://www.zillow.com/advice-thread/FHA-Streamline-refinance-on-investment-property/585011/ 2015-04-30T20:24:00Z DU Underwrite Findings Question http://www.zillow.com/advice-thread/DU-Underwrite-Findings-Question/590232/ Can someone please tell me what does: " no determination of ratios and creditworthiness required" Mean?<br \><br \>4 replies Sun, 07 Jun 2015 18:22:00 GMT http://www.zillow.com/advice-thread/DU-Underwrite-Findings-Question/590232/ 2015-06-07T18:22:00Z Do we have a chance to qualify? http://www.zillow.com/advice-thread/Do-we-have-a-chance-to-qualify/591533/ Is there a good chance we can qualify for a mortgage under our circumstances?<br/><br/>I was unemployed for 1 1/2 years due to moving out of state and having a baby.<br/>Currently work in a new field, have been here for three months.<br/>Credit score is 712. &nbsp;Only debt is $168/month for a personal loan.<br/><br/>Boyfriend has worked in the cannabis industry (which I heard can be a problem) for a little over a year.<br/>Credit score is around 600, no debt.<br/>We make around $70,000/year combined.<br/><br/>His parents own the home we currently live in. &nbsp;They plan to sell it and give us the $50,000 (give or take) in equity for a down payment. &nbsp;<br/>We are first time home buyers. &nbsp;<br/><br/>Are our chances high enough to try to pursue and move forward, or will the length of employment, etc hinder this? &nbsp;<br/><br/>Sorry, i'm completely lost in this process. &nbsp;Thank you for your help!<br \><br \>8 replies Tue, 16 Jun 2015 15:26:00 GMT http://www.zillow.com/advice-thread/Do-we-have-a-chance-to-qualify/591533/ 2015-06-16T15:26:00Z Jumbo Mortgage, 80/10/10, others in Boulder CO, with ten percent down http://www.zillow.com/advice-thread/Jumbo-Mortgage-80-10-10-others-in-Boulder-CO-with-ten-percent-down/594058/ Greetings,<br/><br/>My wife and I have been shopping for a new home. In Boulder, the market has been going crazy with housing prices soaring. We are a little limited by our down payment, about $55,000-$60,000. While I thought we would be limited by the $417,000 FHA size I am hearing more that 80/10/10 and Jumbo mortgages (with 10% down) have been coming back. Are these being offered in Colorado? What are the advantages of one versus the other? What do the rates (with the understanding that they move all the time) look like?<br/><br/>Many thanks,<br/>Dan<br \><br \>7 replies Fri, 03 Jul 2015 22:16:00 GMT http://www.zillow.com/advice-thread/Jumbo-Mortgage-80-10-10-others-in-Boulder-CO-with-ten-percent-down/594058/ 2015-07-03T22:16:00Z Searching for 80/10/10 for Colorado Home http://www.zillow.com/advice-thread/Searching-for-80-10-10-for-Colorado-Home/596375/ Hello all!<br/><br/>First, thank you for taking the time to read. &nbsp;My wife and I will be moving to Denver, Colorado in approximately 1 month (a bit longer, I hope so we have time for everything!) I'm having difficulty figuring out who to ask/where to look for an 80/10/10 loan for Colorado. &nbsp;I've seen some folks here respond regarding the DC area, NY and VA. &nbsp;<br/><br/>&nbsp;We're looking at properties in the 400-450k range. &nbsp;We have nearly 100k in liquid assets but don't want to wipe out our entire savings, so we were hoping to find an 80/10/10 or something similar to avoid the PMI. &nbsp;Credit score is currently 825 (might take a slight hit because I just got lasik and took them up on a 0% financing over 2 years deal), Income is ~125k/year (More after she finds employment after we move, we're uprooting for me, isn't she great? :) ). &nbsp; We would like to use our current home as a rental (would generate circa 1300/mo with a mortgage payment of $850, currently have around 40% equity in that home). &nbsp;Single car payment of $300 and current DTI of 1-3% Hopefully we would qualify for what we're looking to do...but I don't want to throw out our info into Lending Tree or other 'organizations' where we'll get dozens of calls per day. &nbsp;I'd like to target reliable lenders who'll work with our situation. &nbsp;Any thoughts, fellow Zillowers?<br/><br/>Thank you again for your time!<br/><br/>~jon<br \><br \>7 replies Mon, 20 Jul 2015 03:12:00 GMT http://www.zillow.com/advice-thread/Searching-for-80-10-10-for-Colorado-Home/596375/ 2015-07-20T03:12:00Z When buying a second home or a rental property - do you have to put 20% down if you finance it? http://www.zillow.com/advice-thread/When-buying-a-second-home-or-a-rental-property-do-you-have-to-put-20-down-if-you-finance-it/536226/ 8 replies Sun, 13 Apr 2014 05:33:00 GMT http://www.zillow.com/advice-thread/When-buying-a-second-home-or-a-rental-property-do-you-have-to-put-20-down-if-you-finance-it/536226/ 2014-04-13T05:33:00Z How do you pick a good title company? http://www.zillow.com/advice-thread/How-do-you-pick-a-good-title-company/212566/ <p>Lender I am working with (refi)&nbsp;allows me to pick my own title company if I wish.&nbsp; Seems like this is a good thing as it can save me money?<br/><br/>How should I go about picking a title company?&nbsp; Just start calling some from yellow pages I guess...</p><br \><br \>10 replies Thu, 19 Mar 2009 18:24:00 GMT http://www.zillow.com/advice-thread/How-do-you-pick-a-good-title-company/212566/ 2009-03-19T18:24:00Z FHA cash-out refinance and paying credit cards at closing. http://www.zillow.com/advice-thread/FHA-cash-out-refinance-and-paying-credit-cards-at-closing/533098/ I know that with a Fannie Mae loan, the monthly payment on a credit card debt that is paid off at closing must still be included in the DTI calculation. Is this also true for FHA loans?<br \><br \>16 replies Thu, 20 Mar 2014 18:39:00 GMT http://www.zillow.com/advice-thread/FHA-cash-out-refinance-and-paying-credit-cards-at-closing/533098/ 2014-03-20T18:39:00Z If you get an approval pending conditions and fulfill all conditions listed can you still be denied? http://www.zillow.com/advice-thread/If-you-get-an-approval-pending-conditions-and-fulfill-all-conditions-listed-can-you-still-be-denied/519892/ Our loan broker caused some delays in underwriting and on our last day to back out and get our earnest money back, we were notified that we were approved pending a few simple conditions.&nbsp; They assured us we were good to go if we supplied the requested info.&nbsp; We provided it immediately and nothing has changed about our financial status etc. Two weeks later we have no loan approval and underwriter is now saying out of the blue that they don't want to approve us anymore...&nbsp; We've lost our earnest money not to mention the appraisal/inspection fees! is this typical?<br \><br \>7 replies Sat, 23 Nov 2013 18:06:00 GMT http://www.zillow.com/advice-thread/If-you-get-an-approval-pending-conditions-and-fulfill-all-conditions-listed-can-you-still-be-denied/519892/ 2013-11-23T18:06:00Z My interest ate is 7.4 I am 15 years into a 30 year mortgage. Should I refinance? http://www.zillow.com/advice-thread/My-interest-ate-is-7-4-I-am-15-years-into-a-30-year-mortgage-Should-I-refinance/525204/ 30 year fixed 7.4%<br/>122k original loan<br/>Balance 98k<br/>22k second at 6%<br/>House value now 200k<br/>15 years into loan.<br/>Wont I being paying off more principle than interest now? or am I thinking about this all wrong?<br/><br \><br \>10 replies Mon, 20 Jan 2014 23:22:00 GMT http://www.zillow.com/advice-thread/My-interest-ate-is-7-4-I-am-15-years-into-a-30-year-mortgage-Should-I-refinance/525204/ 2014-01-20T23:22:00Z My payroll is base+commission any way to get a home loan? http://www.zillow.com/advice-thread/My-payroll-is-base-commission-any-way-to-get-a-home-loan/533184/ Hi I am trying to get a home loan. I got approved for a 110,000$ home loan. Then about 2 days later my loaner called back. Stating that I cannot receive a home loan due to the fact that I am on commission pay. I been with the company for 11 months now. The base pay is 1750 on the 25th of the month, and on the 10th its all commission. Which most of the time is about the same give or take couple hundred dollars. Averages 3500$ a month before tax. Is there a loophole around this??? I dont want to wait 1 more year.. Ive tried a few loan companies chase, wellsfargo, tcf bank with no luck Any helpful information is welcomed Thank you<br \><br \>19 replies Fri, 21 Mar 2014 04:02:00 GMT http://www.zillow.com/advice-thread/My-payroll-is-base-commission-any-way-to-get-a-home-loan/533184/ 2014-03-21T04:02:00Z FHA Loan Limit http://www.zillow.com/advice-thread/FHA-Loan-Limit/585733/ What is the FHA loan limit for a single family home for a family of four in Colo. Springs ?<br \><br \>1 reply Wed, 06 May 2015 06:01:00 GMT http://www.zillow.com/advice-thread/FHA-Loan-Limit/585733/ 2015-05-06T06:01:00Z Unwarrantable Condo Loans - Colorado http://www.zillow.com/advice-thread/Unwarrantable-Condo-Loans-Colorado/580949/ Looking for Lenders in Colorado who will do unwarrantable Condo loans. &nbsp;Purchase investment properties (rentals) with low Owner occupancy ratings.<br/><br/>&nbsp;<br \><br \>4 replies Mon, 30 Mar 2015 21:20:00 GMT http://www.zillow.com/advice-thread/Unwarrantable-Condo-Loans-Colorado/580949/ 2015-03-30T21:20:00Z How can I veiw properties that have sold in the 81301 zip code area? http://www.zillow.com/advice-thread/How-can-I-veiw-properties-that-have-sold-in-the-81301-zip-code-area/584805/ 1 reply Wed, 29 Apr 2015 13:18:00 GMT http://www.zillow.com/advice-thread/How-can-I-veiw-properties-that-have-sold-in-the-81301-zip-code-area/584805/ 2015-04-29T13:18:00Z How do I get a notary to help with a Home refinance deal from Wells Fargo? http://www.zillow.com/advice-thread/How-do-I-get-a-notary-to-help-with-a-Home-refinance-deal-from-Wells-Fargo/540035/ I currently have a home mortgage with Wells Fargo. I have been offered a no cost refinance deal from them at a lower interest rate. They sent a Close at Home package kit for me to sign and get notarized. Do I need to get a mortgage loan person to help me?<br \><br \>8 replies Fri, 09 May 2014 17:17:00 GMT http://www.zillow.com/advice-thread/How-do-I-get-a-notary-to-help-with-a-Home-refinance-deal-from-Wells-Fargo/540035/ 2014-05-09T17:17:00Z