Zillow Advice RSS: Question-Discussion-Guide,Mortgage,Orlando- FL http://www.zillow.com/advice/Orlando-FL/mortgage/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate I have 2 adjustable rate mortgages, if now a good time to refinance for a fix rate? http://www.zillow.com/advice-thread/I-have-2-adjustable-rate-mortgages-if-now-a-good-time-to-refinance-for-a-fix-rate/584693/ I have 2 adjustable rate mortgages, if now a good time to refinance for a fix rate? &nbsp;Although the rates are working in my favor now, I want to get a solid rate while the rates are still very competitive.... I have a credit score of 756.<br \><br \>7 replies Tue, 28 Apr 2015 19:41:00 GMT http://www.zillow.com/advice-thread/I-have-2-adjustable-rate-mortgages-if-now-a-good-time-to-refinance-for-a-fix-rate/584693/ 2015-04-28T19:41:00Z FHA loan qualification and in-school deferment http://www.zillow.com/advice-thread/FHA-loan-qualification-and-in-school-deferment/584172/ <p>So I am going back to school starting in the end of August for my Master's and I want to start looking to buy a house in July. I will be in-school part-time over the next 2 1/2 years so my student loans will go into deferment during that time. In regards to getting a mortgage, will the lender still count my student loans payments toward my&nbsp;DTI even though they will be in deferment within the next month or two? I've already been accepted into my school also. Or would they need to wait until they are "Officially" deferred sometime in September for it to not count against my DTI?<br/><br/>Thanks for any help in advance.</p><br \><br \>8 replies Fri, 24 Apr 2015 16:16:00 GMT http://www.zillow.com/advice-thread/FHA-loan-qualification-and-in-school-deferment/584172/ 2015-04-24T16:16:00Z apply for mortgage: credit union vs bank http://www.zillow.com/advice-thread/apply-for-mortgage-credit-union-vs-bank/449544/ I have been trying to compare mortgage rates from my credit union with those at banks.&nbsp; Both credit unions that I belong to provide rate sheets that list the rates for all of their mortgage products daily.&nbsp; All banks (websites and phone calls) refuse to give me that sort of info, and only provide apparently arbitrary instances such 30yr with 1.125 points and 15 yr with 0.875 points as examples on their websites.&nbsp; If I call them, they essentially want me to apply before giving me specific info.&nbsp; It makes it difficult to compare across banks and credit unions.&nbsp; The banks' unwillingnes to be open about the products they have available make me feel like I'm dealing with a shady used car sales department that's manipulating the numbers.&nbsp; I haven't even tried to get closing cost info from the banks yet, which I'm assuming will be even more difficult.&nbsp; What, if any, is the advantage of considering a bank over a credit union that is being more open with its information?&nbsp;<br \><br \>8 replies Tue, 03 Jul 2012 20:55:00 GMT http://www.zillow.com/advice-thread/apply-for-mortgage-credit-union-vs-bank/449544/ 2012-07-03T20:55:00Z USDA Loan with 560 score http://www.zillow.com/advice-thread/USDA-Loan-with-560-score/583028/ I got qualified for a FHA loan with 560 score and my wife with 550. I read online at few places, that people are getting qualified for USDA loan at this score as well. I have perfect and ontime rental history for more than 5 years. No late payments last year. But in 2011 I had some credit card charge offs and medical payments that were due and still shows up on my credit report.<br/><br/>Is it possible to get qualified for a USDA loan and does any one know, a good lender who can work something here, in Orlando, FL area. I have some reserves set in my bank and can put some down payment as well. Thanks.<br \><br \>1 reply Wed, 15 Apr 2015 20:54:00 GMT http://www.zillow.com/advice-thread/USDA-Loan-with-560-score/583028/ 2015-04-15T20:54:00Z Can I get a personal loan with no credit? http://www.zillow.com/advice-thread/Can-I-get-a-personal-loan-with-no-credit/580796/ I inherited a home I'm paying the mortgage on. And I'm wondering can I get a loan to refinance? This mortgage will need to be payed in full for 30k on June 1. I went to the bank and they said the equity is about 120k, but because I don't have a credit history they can't give me a loan. Now I been paying this mortgage since 2010 and I have a good paying job. Is there anyway to get a loan with no history?<br \><br \>7 replies Sun, 29 Mar 2015 20:02:00 GMT http://www.zillow.com/advice-thread/Can-I-get-a-personal-loan-with-no-credit/580796/ 2015-03-29T20:02:00Z Advice on getting a mortgage outside the Orlando metro area http://www.zillow.com/advice-thread/Advice-on-getting-a-mortgage-outside-the-Orlando-metro-area/574840/ <p>I want to get a home outside the Orlando metro area (Davenport, Kissimmee, St. Cloud) About 80k - Max 100k. Here is my general situation. Credit score about 690-720. I own a condo 100%&nbsp;valued about 60k. Salary about 25k, 5 months in current job. I'm looking for a 30yrs conventional loan. I have 20% to put down. I intent to move to the house and rent out my condo which will bring at least another 10k annually. I don't have any debt, and monthly expenses between HOA and utilities are running about $450 a month. Never taken out a mortgage</p><p>What are my chances? Could I include the potential extra&nbsp;10k rental income for approval?</p><p>I'll appreciate any help I can get. I'm ready to move from a condo to a house!</p><br \><br \>7 replies Sat, 07 Feb 2015 06:13:00 GMT http://www.zillow.com/advice-thread/Advice-on-getting-a-mortgage-outside-the-Orlando-metro-area/574840/ 2015-02-07T06:13:00Z Can I get a FHA Loan with a credit score of 640 for one hundred and fifteen thousand-150k range http://www.zillow.com/advice-thread/Can-I-get-a-FHA-Loan-with-a-credit-score-of-640-for-one-hundred-and-fifteen-thousand-150k-range/482405/ Can I get a FHA Loan with a credit score of 640 for an amount of $115-$150k range. 640 is the credit of my husband. &nbsp;He have been is his job for 2 years, we&nbsp;don't&nbsp;have credit cards payments (he pay in full 6 months ago), we&nbsp;don't&nbsp;have car payment. I start my job 6 months ago ( Never have a credit card). We only pay the usual (Rent, water, electricity, phone, car insurance). We&nbsp;haven't&nbsp;pay nothing late (starting 2 years ago). We are first time&nbsp;home-buyer's, that why we have so many questions.<br \><br \>12 replies Mon, 11 Mar 2013 23:48:00 GMT http://www.zillow.com/advice-thread/Can-I-get-a-FHA-Loan-with-a-credit-score-of-640-for-one-hundred-and-fifteen-thousand-150k-range/482405/ 2013-03-11T23:48:00Z How do I get an equity loan on my condo to buy an investment property in Orlando, FL? http://www.zillow.com/advice-thread/How-do-I-get-an-equity-loan-on-my-condo-to-buy-an-investment-property-in-Orlando-FL/573138/ <p>My condo is all paid for and&nbsp;worth about 60K. I want to get an equity loan to help pay for an investment property either to fix and sell or to rent out. Any advise on companies in the area that can do this?</p><br \><br \>3 replies Fri, 23 Jan 2015 05:59:00 GMT http://www.zillow.com/advice-thread/How-do-I-get-an-equity-loan-on-my-condo-to-buy-an-investment-property-in-Orlando-FL/573138/ 2015-01-23T05:59:00Z What lender to get pre-approved with? http://www.zillow.com/advice-thread/What-lender-to-get-pre-approved-with/575936/ First time home buyer here, looking for advice on exactly how to shop around for a mortgage and which lender to get pre-approved with. I've read a lot of responses that say you need to interview different lenders, but how exactly do you go about this, i.e. where do you begin- how do you even know which lenders to contact? And does this typically happen online or in-person?<br/><br/>Sorry if some of this seems obvious- this whole process is a little overwhelming!&nbsp;<br \><br \>9 replies Mon, 16 Feb 2015 20:59:00 GMT http://www.zillow.com/advice-thread/What-lender-to-get-pre-approved-with/575936/ 2015-02-16T20:59:00Z Anyone Know Of A Good Private Mortgage lender? http://www.zillow.com/advice-thread/Anyone-Know-Of-A-Good-Private-Mortgage-lender/578289/ I'm looking for a private lender.<br \><br \>6 replies Mon, 09 Mar 2015 19:36:00 GMT http://www.zillow.com/advice-thread/Anyone-Know-Of-A-Good-Private-Mortgage-lender/578289/ 2015-03-09T19:36:00Z What lender to get pre-approved with? http://www.zillow.com/advice-thread/What-lender-to-get-pre-approved-with/575936/ First time home buyer here, looking for advice on exactly how to shop around for a mortgage and which lender to get pre-approved with. I've read a lot of responses that say you need to interview different lenders, but how exactly do you go about this, i.e. where do you begin- how do you even know which lenders to contact? And does this typically happen online or in-person?<br/><br/>Sorry if some of this seems obvious- this whole process is a little overwhelming!&nbsp;<br \><br \>8 replies Mon, 16 Feb 2015 20:59:00 GMT http://www.zillow.com/advice-thread/What-lender-to-get-pre-approved-with/575936/ 2015-02-16T20:59:00Z Advice on getting a mortgage outside the Orlando metro area http://www.zillow.com/advice-thread/Advice-on-getting-a-mortgage-outside-the-Orlando-metro-area/574840/ <p>I want to get a home outside the Orlando metro area (Davenport, Kissimmee, St. Cloud) About 80k - Max 100k. Here is my general situation. Credit score about 690-720. I own a condo 100%&nbsp;valued about 60k. Salary about 25k, 5 months in current job. I'm looking for a 30yrs conventional loan. I have 20% to put down. I intent to move to the house and rent out my condo which will bring at least another 10k annually. I don't have any debt, and monthly expenses between HOA and utilities are running about $450 a month. Never taken out a mortgage</p><p>What are my chances? Could I include the potential extra&nbsp;10k rental income for approval?</p><p>I'll appreciate any help I can get. I'm ready to move from a condo to a house!</p><br \><br \>5 replies Sat, 07 Feb 2015 06:13:00 GMT http://www.zillow.com/advice-thread/Advice-on-getting-a-mortgage-outside-the-Orlando-metro-area/574840/ 2015-02-07T06:13:00Z my wife and I want to by a fix a upper home for under 2k but we have bad credit can you help? http://www.zillow.com/advice-thread/my-wife-and-I-want-to-by-a-fix-a-upper-home-for-under-2k-but-we-have-bad-credit-can-you-help/573350/ We want to by a house that we can fix and flip we only have 2k cash to put down and we have bad credit can you guys help?<br \><br \>2 replies Sun, 25 Jan 2015 05:04:00 GMT http://www.zillow.com/advice-thread/my-wife-and-I-want-to-by-a-fix-a-upper-home-for-under-2k-but-we-have-bad-credit-can-you-help/573350/ 2015-01-25T05:04:00Z How do I get an equity loan on my condo to buy an investment property in Orlando, FL? http://www.zillow.com/advice-thread/How-do-I-get-an-equity-loan-on-my-condo-to-buy-an-investment-property-in-Orlando-FL/573138/ <p>My condo is all paid for and&nbsp;worth about 60K. I want to get an equity loan to help pay for an investment property either to fix and sell or to rent out. Any advise on companies in the area that can do this?</p><br \><br \>3 replies Fri, 23 Jan 2015 05:59:00 GMT http://www.zillow.com/advice-thread/How-do-I-get-an-equity-loan-on-my-condo-to-buy-an-investment-property-in-Orlando-FL/573138/ 2015-01-23T05:59:00Z Can I get a FHA Loan with a credit score of 640 for one hundred and fifteen thousand-150k range http://www.zillow.com/advice-thread/Can-I-get-a-FHA-Loan-with-a-credit-score-of-640-for-one-hundred-and-fifteen-thousand-150k-range/482405/ Can I get a FHA Loan with a credit score of 640 for an amount of $115-$150k range. 640 is the credit of my husband. &nbsp;He have been is his job for 2 years, we&nbsp;don't&nbsp;have credit cards payments (he pay in full 6 months ago), we&nbsp;don't&nbsp;have car payment. I start my job 6 months ago ( Never have a credit card). We only pay the usual (Rent, water, electricity, phone, car insurance). We&nbsp;haven't&nbsp;pay nothing late (starting 2 years ago). We are first time&nbsp;home-buyer's, that why we have so many questions.<br \><br \>11 replies Mon, 11 Mar 2013 23:48:00 GMT http://www.zillow.com/advice-thread/Can-I-get-a-FHA-Loan-with-a-credit-score-of-640-for-one-hundred-and-fifteen-thousand-150k-range/482405/ 2013-03-11T23:48:00Z Looking for a lender for 5th mortgage http://www.zillow.com/advice-thread/Looking-for-a-lender-for-5th-mortgage/572595/ I'm buying my next investment property. All my current rental properties are rented. I don't meet Fannie mae's guideline for 5-10 mortgages. I'm just a little bit off the requirements in the guideline. Please contact me if you can help. I'm in Florida.<br \><br \>5 replies Sun, 18 Jan 2015 14:12:00 GMT http://www.zillow.com/advice-thread/Looking-for-a-lender-for-5th-mortgage/572595/ 2015-01-18T14:12:00Z I would like to get a mortgage for a house but have two large charge offs from almost 5 years ago. http://www.zillow.com/advice-thread/I-would-like-to-get-a-mortgage-for-a-house-but-have-two-large-charge-offs-from-almost-5-years-ago/571643/ I want to buy a house in the Orlando area but I have 2 large charge offs and a small one that are almost 5 years old.. What would be the best bank to deal with?&nbsp; Also, I currently live in PA and want to buy the house as a second home.&nbsp; I currently rent. I have a stable job and can afford my rent in PA and a house payment in FL up to a certain amount.&nbsp; I also have a 20% downpayment available.,<br \><br \>5 replies Thu, 08 Jan 2015 21:37:00 GMT http://www.zillow.com/advice-thread/I-would-like-to-get-a-mortgage-for-a-house-but-have-two-large-charge-offs-from-almost-5-years-ago/571643/ 2015-01-08T21:37:00Z Is there any bank out there doing HELOC non-owner ocupied http://www.zillow.com/advice-thread/Is-there-any-bank-out-there-doing-HELOC-non-owner-ocupied/546082/ I have a rental property that has equity and would like to get a Home Equity Line of Credit.<br/><br/>The house was appraised last 2 weeks for $210k. The principal balance is $127k.<br/><br/>I would like to get a Heloc for 30k. &nbsp;Is there any bank or Credit Union that can help?<br \><br \>2 replies Wed, 18 Jun 2014 19:21:00 GMT http://www.zillow.com/advice-thread/Is-there-any-bank-out-there-doing-HELOC-non-owner-ocupied/546082/ 2014-06-18T19:21:00Z My wife and I did a simplified divorce. I am keeping the house? http://www.zillow.com/advice-thread/My-wife-and-I-did-a-simplified-divorce-I-am-keeping-the-house/564590/ The house was appraised for $155000.00 and the mortgage is $78000.00. I am refinancing on my own name. How much do I have to give her? Should we split the closing costs? Or should I deduct the closing cost from the equity? What more paper work do we need to make sure this is done correctly?&nbsp;<br/>We don't have any minor children and the divorce was very amicable. The divorce decree states that we have agreed with our own terms and we don't have any other debt. Everything else was divided 50/50.<br/><br/>Thanks for the advice.<br \><br \>9 replies Tue, 28 Oct 2014 16:36:00 GMT http://www.zillow.com/advice-thread/My-wife-and-I-did-a-simplified-divorce-I-am-keeping-the-house/564590/ 2014-10-28T16:36:00Z Was I scammed/is this a valid mortgage? http://www.zillow.com/advice-thread/Was-I-scammed-is-this-a-valid-mortgage/561370/ In 2008, back when Wachovia was around, we refinanced our mortgage.&nbsp; This mortgage was set up as a "Mortgage Equity Loan." This is our one and only mortgage. We no longer have escrow set up,etc. I have been calling Wells Fargo for over a year, since they took over Wachovia, asking SPECIFICALLY what this mortgage is and WHY it was set up that way.&nbsp; Their response?? Seriously..."we have NO clue!"&nbsp; I called WF today, and the mortgage rep there actually chucked and said the same thing...he had no clue, but he actually used the words "Wachovia did shady things!" I am fuming!&nbsp; He said he had never heard of a "Mortgage Equity Loan" and that there was nothing he could do or find out for me.&nbsp; Should I contact an attorney?&nbsp;<br \><br \>21 replies Wed, 01 Oct 2014 19:18:00 GMT http://www.zillow.com/advice-thread/Was-I-scammed-is-this-a-valid-mortgage/561370/ 2014-10-01T19:18:00Z