Zillow Advice RSS: Question-Discussion-Guide,Mortgage,IA http://www.zillow.com/advice/IA/mortgage/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate Sell home...pay off debt....rent...buy home http://www.zillow.com/advice-thread/Sell-home-pay-off-debt-rent-buy-home/562245/ My husband and I are drowning in credit card debt and think selling our house and using the profit to pay it off is the best option. We would then rent for about a year to get a savings in place for an FHA loan on a new house. Is this a good idea in your experiences? I just don't know another way out.<br \><br \>5 replies Thu, 09 Oct 2014 05:34:00 GMT http://www.zillow.com/advice-thread/Sell-home-pay-off-debt-rent-buy-home/562245/ 2014-10-09T05:34:00Z how do I enter feedback on a mortgage lender I used http://www.zillow.com/advice-thread/how-do-I-enter-feedback-on-a-mortgage-lender-I-used/555732/ 3 replies Thu, 21 Aug 2014 02:32:00 GMT http://www.zillow.com/advice-thread/how-do-I-enter-feedback-on-a-mortgage-lender-I-used/555732/ 2014-08-21T02:32:00Z VA Home loans http://www.zillow.com/advice-thread/VA-Home-loans/546439/ My husband is active duty military and we are wanting to purchase a home. We both have a low 600's credit scores but have excellent past 12 months credit history. I don't know where to go to understand how the VA hone loan works. Advice please!!<br \><br \>7 replies Sat, 21 Jun 2014 01:57:00 GMT http://www.zillow.com/advice-thread/VA-Home-loans/546439/ 2014-06-21T01:57:00Z where to find a home loan with my credit score http://www.zillow.com/advice-thread/where-to-find-a-home-loan-with-my-credit-score/546141/ Im not sure my exact credit score. I know its around 600. When i go to credit karma or quizzle or any of those websites that you can find them yourself they all say between 600-670. I know those arent always accurate though. Where do i even look to find a lender besides my bank? I dont know where to even look. Also i want to try for a VA loan if i meet all the requirements. Thanks in advance.<br \><br \>3 replies Thu, 19 Jun 2014 02:12:00 GMT http://www.zillow.com/advice-thread/where-to-find-a-home-loan-with-my-credit-score/546141/ 2014-06-19T02:12:00Z Does checking on pre-approval effect your credit? http://www.zillow.com/advice-thread/Does-checking-on-pre-approval-effect-your-credit/536265/ &nbsp;&nbsp;Hello!&nbsp; We are hoping to move this summer and are wanting to see if we are even&nbsp;qualified to get a new mortgage.&nbsp; I know that credit checks can actually go against your credit (this actually happened to us a few years ago - declined for too many credit inquiries) - does checking for preapproval&nbsp;then proceeding with an actual mortage a few months down the road have a negative impact on credit?&nbsp;<br \><br \>5 replies Sun, 13 Apr 2014 16:09:00 GMT http://www.zillow.com/advice-thread/Does-checking-on-pre-approval-effect-your-credit/536265/ 2014-04-13T16:09:00Z Pre-approved alone- want to add fiance with low credit score http://www.zillow.com/advice-thread/Pre-approved-alone-want-to-add-fiance-with-low-credit-score/535972/ I live in Iowa. I make 48,000. I am pre-approved for loans up to 70k for FHA. My fiance has a low middle credit score of 607. He makes 36,000. We have 5-6k for a down payment. We would like to buy a house around 100k but aren't sure if we should apply for loans knowing his score is low. What is your advice?<br \><br \>3 replies Thu, 10 Apr 2014 20:50:00 GMT http://www.zillow.com/advice-thread/Pre-approved-alone-want-to-add-fiance-with-low-credit-score/535972/ 2014-04-10T20:50:00Z Any FHA back to work lenders in Iowa? http://www.zillow.com/advice-thread/Any-FHA-back-to-work-lenders-in-Iowa/521120/ Hi, We are looking for a lender that participates in the back to work program in Iowa.<br \><br \>6 replies Sun, 08 Dec 2013 15:53:00 GMT http://www.zillow.com/advice-thread/Any-FHA-back-to-work-lenders-in-Iowa/521120/ 2013-12-08T15:53:00Z Are there any local lenders who understand income-based repayment (IBR) of student loans? http://www.zillow.com/advice-thread/Are-there-any-local-lenders-who-understand-income-based-repayment-IBR-of-student-loans/531877/ The lenders I have contacted so far insist they have to base my application on the payments I revert to if no longer participating in IBR because IBR payments are only scheduled for a year at a time. I need a lender educated on this program and am having difficulty finding one.<br \><br \>3 replies Tue, 11 Mar 2014 18:26:00 GMT http://www.zillow.com/advice-thread/Are-there-any-local-lenders-who-understand-income-based-repayment-IBR-of-student-loans/531877/ 2014-03-11T18:26:00Z Does Paying off all debt mean my credit score could increase enough to get a mortgage? http://www.zillow.com/advice-thread/Does-Paying-off-all-debt-mean-my-credit-score-could-increase-enough-to-get-a-mortgage/531912/ I have a repossession in my past which I am working to pay off. I've Also had various late payment, etc. I am turning things around and always paying everything on time now. Will my past mistakes keep me from being able to Get a mortgage, or is it possible to increase my credit enough to get a loan after the repo is paid off?<br \><br \>3 replies Tue, 11 Mar 2014 20:55:00 GMT http://www.zillow.com/advice-thread/Does-Paying-off-all-debt-mean-my-credit-score-could-increase-enough-to-get-a-mortgage/531912/ 2014-03-11T20:55:00Z Will we be able to secure mortgage? http://www.zillow.com/advice-thread/Will-we-be-able-to-secure-mortgage/530043/ We are exactly 24 months post short sale, with lates on that mortgage only. Prior to that, we purchased our current house, so we have a mortgage right now with no lates. Credit score is 770+, however we only have 10% to put down on our new house (relocating to iowa next month). Will we be able to get a mortgage? Would a credit union be able to help? **short sale on first house was due to job loss/relocation<br \><br \>6 replies Wed, 26 Feb 2014 12:43:00 GMT http://www.zillow.com/advice-thread/Will-we-be-able-to-secure-mortgage/530043/ 2014-02-26T12:43:00Z I am wondering if it is possible for me to get a VA Loan. http://www.zillow.com/advice-thread/I-am-wondering-if-it-is-possible-for-me-to-get-a-VA-Loan/529129/ <p>I have less than stellar credit 560.&nbsp; I have my VA certificate already and am retired militarty.</p><br \><br \>3 replies Thu, 20 Feb 2014 00:42:00 GMT http://www.zillow.com/advice-thread/I-am-wondering-if-it-is-possible-for-me-to-get-a-VA-Loan/529129/ 2014-02-20T00:42:00Z What can I do to get more (or better) quotes for my loan request ZR-WMJLTTP? http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-WMJLTTP/528315/ 1 reply Thu, 13 Feb 2014 14:24:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-WMJLTTP/528315/ 2014-02-13T14:24:00Z What can I do to get more (or better) quotes for my loan request ZR-FNPFCNB? http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-FNPFCNB/525710/ I lost my 12 yr. old job in Feb.'13 and due to my age of 55, I'm having a tough time finding anything that pays better than minimum wage. I have a credit score of 679-711. My wife is disabled and get's a disability check of $1,400. a month so this would be our total income until we can find a home where I can start my furniture repair business (I have all the tools bought). We found a double mobile home on it's own lot and w/a concrete foundation. It has a 4 stall garage and shop. We think we can talk them to 80K but our credit union won't do mobile homes and we were told we'd have to go on my wife's credit which is not good. Our rent goes up to $750 this month and our loan payment would be so much lower as we have 30% to put down on $80K. Are there any institutions who could help us? We're responsible people.. &nbsp;<br \><br \>0 replies Fri, 24 Jan 2014 18:24:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-FNPFCNB/525710/ 2014-01-24T18:24:00Z I have signed all doc's of a refinance. The lender is requesting additional doc's. Do I comply? http://www.zillow.com/advice-thread/I-have-signed-all-doc%27s-of-a-refinance-The-lender-is-requesting-additional-doc%27s-Do-I-comply/522102/ The lender is requesting a change of deed ownership. After 4 days past the closing.<br \><br \>8 replies Fri, 20 Dec 2013 13:48:00 GMT http://www.zillow.com/advice-thread/I-have-signed-all-doc%27s-of-a-refinance-The-lender-is-requesting-additional-doc%27s-Do-I-comply/522102/ 2013-12-20T13:48:00Z Why can't I rent my home? http://www.zillow.com/advice-thread/Why-can%27t-I-rent-my-home/520873/ I bought my first&nbsp;home almost 3 years ago using the USDA RD program. Since then I have made ALL of my payments on time and in excess of the amount they requested. I am wanting to rent out my home as I recently had a baby and cannot afford to live in my home anymore. My loan servicer is US Bank. When I asked them if I could rent my home they said no, as I&nbsp;signed 'Tax Exempt Financing Rider' when I closed on my home and am required to live in it for the life of the loan unless I refinance or sell it. Why can't I rent it and what can I do other than refinance it? I have never heard of anything like this before and thought I would rent my home after living in it for 3 years.<br \><br \>3 replies Thu, 05 Dec 2013 16:27:00 GMT http://www.zillow.com/advice-thread/Why-can%27t-I-rent-my-home/520873/ 2013-12-05T16:27:00Z Can a VA mortgage loan go through the assumption process http://www.zillow.com/advice-thread/Can-a-VA-mortgage-loan-go-through-the-assumption-process/516439/ 2 replies Wed, 23 Oct 2013 21:45:00 GMT http://www.zillow.com/advice-thread/Can-a-VA-mortgage-loan-go-through-the-assumption-process/516439/ 2013-10-23T21:45:00Z What can I do to get more (or better) quotes for my loan request ZR-FXGZRBS? http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-FXGZRBS/515586/ 0 replies Wed, 16 Oct 2013 23:42:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-FXGZRBS/515586/ 2013-10-16T23:42:00Z Denial after Full Underwriter Approval http://www.zillow.com/advice-thread/Denial-after-Full-Underwriter-Approval/510985/ OK - so I'm a glass half empty person. &nbsp;It's my nature to doubt everything I'm told and think the worst is always going to happen. &nbsp;So, we build a beautiful house, our builder finances it, we did pre-approval and I found out on 9/5 the comments below from our mortgage loan officer. &nbsp;As far as I'm reading, there are no issues with us closing on 9/13 - 36 hours from now. &nbsp;I can't sleep I'm freaking out about us not getting this house. Advice? &nbsp;THANKS!<br/><br/><p class="MsoNormal">We have gotten full approval through underwriting, so that means everything you've gotten to us is approved.</p><p class="MsoNormal">We are just doing some "behind the scenes" types of things now &ndash; waiting for title work, etc.&nbsp; If we need anything else from you, we'll let you know but we should be good on your end of the purchase.&nbsp;</p><p class="MsoNormal">A day or so before the closing we'll contact you to review the final numbers, once we have figures from the builder as the seller.&nbsp;</p><br \><br \>7 replies Thu, 12 Sep 2013 03:53:00 GMT http://www.zillow.com/advice-thread/Denial-after-Full-Underwriter-Approval/510985/ 2013-09-12T03:53:00Z Can this be construed as a sale rather than a re-financing? http://www.zillow.com/advice-thread/Can-this-be-construed-as-a-sale-rather-than-a-re-financing/509483/ My ex claimed to have the ability to re-finance the family home in her name and so I let her keep the house. &nbsp;However, the decree states that if she is not able to do this in 30 days the house would be sold and profit split by us both. &nbsp;She was not able to get a mortgage on her own and enlisted a co-signer whom she placed on the deed through a quit claim. &nbsp;Since the co-signer was put on the deed in exchange for his aid in co-signing, I believe this was actually a sale (granting 1/2 the property to this third party) rather than merely a re-financing. &nbsp;Any thoughts on this?<br \><br \>3 replies Sun, 01 Sep 2013 00:05:00 GMT http://www.zillow.com/advice-thread/Can-this-be-construed-as-a-sale-rather-than-a-re-financing/509483/ 2013-09-01T00:05:00Z Home Buying/Credit score http://www.zillow.com/advice-thread/Home-Buying-Credit-score/477307/ I just started the process of looking into buying a home. I was curious as to what my credit score was so ran a report and found that I had a "no pay" on my credit report. It dropped my score down to a 606! I called the collection company and asked some questions and to pay it off. The said it would take 90 days for it to leave my credit report so it could be up to 90 days before my score goes to at least 640. He told me that they would send me a letter and that the lender could do a rapid rescore....Anybody have any info on this? Is this true? Should I just pay the collection and see what happens?<br \><br \>4 replies Tue, 05 Feb 2013 01:22:00 GMT http://www.zillow.com/advice-thread/Home-Buying-Credit-score/477307/ 2013-02-05T01:22:00Z