Zillow Advice RSS: Question-Discussion-Guide,Mortgage,MA http://www.zillow.com/advice/MA/mortgage/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate How long does it take a va loan to go through? http://www.zillow.com/advice-thread/How-long-does-it-take-a-va-loan-to-go-through/185820/ We had the appraisal done and it came in higher then what we currenly owe on are <a href="http://www.zillow.com/mortgage/">mortgage</a>. Everything is ok, are credit scores, income and dept to income. How long should it take to process? We are <a href="http://www.zillow.com/refinance/">refinancing</a> but we currently do not have a va loan.<br \><br \>19 replies Wed, 07 Jan 2009 14:12:00 GMT http://www.zillow.com/advice-thread/How-long-does-it-take-a-va-loan-to-go-through/185820/ 2009-01-07T14:12:00Z Can you take out equity on rental income property? http://www.zillow.com/advice-thread/Can-you-take-out-equity-on-rental-income-property/548937/ I plan on buying two 3 or 2 family homes out right cash, my question is can I take out equity on them using the rental income as my primary source of income? thank you<br \><br \>2 replies Tue, 08 Jul 2014 23:23:00 GMT http://www.zillow.com/advice-thread/Can-you-take-out-equity-on-rental-income-property/548937/ 2014-07-08T23:23:00Z I am refinancing and wanted to know if I should I lock on 20 year filxed at 4.25% with 0 closing cos http://www.zillow.com/advice-thread/I-am-refinancing-and-wanted-to-know-if-I-should-I-lock-on-20-year-filxed-at-4-25-with-0-closing-cos/375372/ 24 replies Thu, 18 Nov 2010 01:16:00 GMT http://www.zillow.com/advice-thread/I-am-refinancing-and-wanted-to-know-if-I-should-I-lock-on-20-year-filxed-at-4-25-with-0-closing-cos/375372/ 2010-11-18T01:16:00Z HELOC needed, exceeding the 43% limit on debt to income ratio http://www.zillow.com/advice-thread/HELOC-needed-exceeding-the-43-limit-on-debt-to-income-ratio/545237/ Hi,<br/><br/>My debt to income ratio is 36% currently and I am looking for a HELOC of $100k but the debt to income ratio goes above 43%. My LTV after the 100k HELOC will be 80% and my credit score is 800. Is there a way to qualify for a HELOC (or another kind of loan) where my LTV stays below 80% but debt to income ratio is higher than 43%?<br \><br \>5 replies Thu, 12 Jun 2014 15:54:00 GMT http://www.zillow.com/advice-thread/HELOC-needed-exceeding-the-43-limit-on-debt-to-income-ratio/545237/ 2014-06-12T15:54:00Z Property taxes paid ahead at a refinance? http://www.zillow.com/advice-thread/Property-taxes-paid-ahead-at-a-refinance/545585/ We have always paid our own property taxes. We have 70% equity in our home which is valued at about $1.5M.We're refinancing with BofA and suddenly one week before the closing we're being told the title company has a rule that property taxes (which are paid ahead here) due within 60 days of closing must be paid in full at closing (which is 30 days ahead of when the city says they are due). I can't even get an amount from the city to pay as they haven't computed the first quarter of what the FY2015 taxes will be; the title company allegedly is going to charge us last year's rate + 20%. I am fuming that this was not brought up by the BofA mortgage guy before this, and forcing us to pay the title company for what we owe the city for taxes paid ahead doesn't seem right to me. We have 20 years history paying the city on time. This is supposed to be a Fast-Track 15yr refinance at 3% aimed at people with high credit ratings, but now it's coming off more like bait-and-switch.&nbsp; We never had to pay ahead like this at purchase or other refinances. Am I off base here?<br \><br \>6 replies Sun, 15 Jun 2014 16:05:00 GMT http://www.zillow.com/advice-thread/Property-taxes-paid-ahead-at-a-refinance/545585/ 2014-06-15T16:05:00Z Looking for a physician loan in Massachusetts http://www.zillow.com/advice-thread/Looking-for-a-physician-loan-in-Massachusetts/517278/ I am aware of Bank of America and BBVA Compass Bank Programs. Any other options out there for a 30yr fixed, loan amount around 1M, with 10% (or less) down?<br \><br \>11 replies Wed, 30 Oct 2013 14:06:00 GMT http://www.zillow.com/advice-thread/Looking-for-a-physician-loan-in-Massachusetts/517278/ 2013-10-30T14:06:00Z I would like to understand more about "make me move", as I may be interested in doing this. http://www.zillow.com/advice-thread/I-would-like-to-understand-more-about-make-me-move-as-I-may-be-interested-in-doing-this/544507/ 2 replies Sat, 07 Jun 2014 15:58:00 GMT http://www.zillow.com/advice-thread/I-would-like-to-understand-more-about-make-me-move-as-I-may-be-interested-in-doing-this/544507/ 2014-06-07T15:58:00Z what is the lowest score that can still get you approve for a mortgage? http://www.zillow.com/advice-thread/what-is-the-lowest-score-that-can-still-get-you-approve-for-a-mortgage/540554/ heres all three of m score 669,625,661<br \><br \>15 replies Tue, 13 May 2014 16:12:00 GMT http://www.zillow.com/advice-thread/what-is-the-lowest-score-that-can-still-get-you-approve-for-a-mortgage/540554/ 2014-05-13T16:12:00Z Buying a Home on Income Based Repayment http://www.zillow.com/advice-thread/Buying-a-Home-on-Income-Based-Repayment/527813/ My husband and I are looking to purchase our first home outside of Boston, MA, but our having trouble because of the repayment plan that we are on for our school loans. &nbsp;We are both doctors of chiropractic with high student loan debt, but no other debt and excellent credit. &nbsp;We run our own practice, and have been in business almost 3 years. &nbsp;The problem that we're running into is that traditional mortgage programs do not understand or care about the program that we are on for repayment of our school loans (Income Based Repayment), a program that makes repayment affordable as you gain income and grow a business. &nbsp;Rather than taking into account the low amount we actually pay, or the fact that we control our income, and therefore our payment is unlikely to increase in the near future, they look at the worst case scenario of a ten year payoff. &nbsp;This throws our DTI ratio so far off that a traditional bank would never consider lending to us.<br/><br/>Does anyone have experience with banks or programs that are willing to take the whole situation into account and work with applicants who are on Income Based Repayment for their school loans? &nbsp;We are looking at a house right now that would cost us less than our current rent, which we have been paying for over 3 years and can clearly afford.&nbsp;<br \><br \>8 replies Sun, 09 Feb 2014 19:12:00 GMT http://www.zillow.com/advice-thread/Buying-a-Home-on-Income-Based-Repayment/527813/ 2014-02-09T19:12:00Z Looking for mortgage lenders in Mass with 80/10/10 loans http://www.zillow.com/advice-thread/Looking-for-mortgage-lenders-in-Mass-with-80-10-10-loans/542778/ 4 replies Tue, 27 May 2014 21:03:00 GMT http://www.zillow.com/advice-thread/Looking-for-mortgage-lenders-in-Mass-with-80-10-10-loans/542778/ 2014-05-27T21:03:00Z Want to get loan on my property? http://www.zillow.com/advice-thread/Want-to-get-loan-on-my-property/542652/ <br/>tell please how can i i get as soon possible <br/><br/><br/><br/><em><strong><u>[Spam hyperlink removed by Zillow moderator, see our <a href="http://www.zillow.com/howto/GoodNeighborPolicy.htm">Good Neighbor Policy</a>]</u></strong></em><br \><br \>1 reply Tue, 27 May 2014 11:30:00 GMT http://www.zillow.com/advice-thread/Want-to-get-loan-on-my-property/542652/ 2014-05-27T11:30:00Z Would balance to mortgage companies need to be paid at time of sale if house sold for a loss? http://www.zillow.com/advice-thread/Would-balance-to-mortgage-companies-need-to-be-paid-at-time-of-sale-if-house-sold-for-a-loss/542069/ 5 replies Thu, 22 May 2014 19:37:00 GMT http://www.zillow.com/advice-thread/Would-balance-to-mortgage-companies-need-to-be-paid-at-time-of-sale-if-house-sold-for-a-loss/542069/ 2014-05-22T19:37:00Z where to find $720,000 jumbo home loan? http://www.zillow.com/advice-thread/where-to-find-720-000-jumbo-home-loan/541724/ Hi,<br/>does anyone in MA, or Scituate area know any good lenders for jumbo home loan?<br/>little about myself<br/>-First time home buyer<br/>-Very good to Excellent Credit Score, 740- 760<br/>-Yearly income 150k<br/><br/>no debts, I actually need a pre approval as well..<br/><br \><br \>7 replies Tue, 20 May 2014 21:21:00 GMT http://www.zillow.com/advice-thread/where-to-find-720-000-jumbo-home-loan/541724/ 2014-05-20T21:21:00Z Jumbo ARM with 10% down, no PMI (Massachusetts) http://www.zillow.com/advice-thread/Jumbo-ARM-with-10-down-no-PMI-Massachusetts/541813/ My wife and I currently have scores of 725 and 741. Purchasing a house at $550,000 with 10% down.<br/><br/>Credit scores low because of high credit card balances.&nbsp; Downsizing.<br/>Income of &gt; $20,000 per month, all non-house debts of $3,000 per month.<br/><br/>Looking for $495,000 on a 5/1 ARM with 10% down and no PMI.<br \><br \>6 replies Wed, 21 May 2014 12:54:00 GMT http://www.zillow.com/advice-thread/Jumbo-ARM-with-10-down-no-PMI-Massachusetts/541813/ 2014-05-21T12:54:00Z Like to change lenders http://www.zillow.com/advice-thread/Like-to-change-lenders/541242/ <p>I'm in the process of a loan with a lender, their closing costs are quite high and my appraisal wasn't as high as I would have expected. My second choice lender has comparable rates, but much much lower closing costs. I'd like to switch, but I would like to see what the new lenders appraisal will come in at. Can I wait to cancel the first until I get this appraisal? I guess there is a chance the newer estimate may be lower and in that case I would still go with Lender A, realizing I would lose out the appraisal cost from lender B.</p><p>Thanks for any information,</p><p>Moe</p><br \><br \>4 replies Sat, 17 May 2014 18:49:00 GMT http://www.zillow.com/advice-thread/Like-to-change-lenders/541242/ 2014-05-17T18:49:00Z should I refi with HELOC? http://www.zillow.com/advice-thread/should-I-refi-with-HELOC/182587/ home valued at $700,000, <a href="http://www.zillow.com/mortgage/">mortgage</a> $balance 524,000 rate of 6.125.&nbsp; should I refi to $417000 with HELOC of 107000?<br \><br \>8 replies Tue, 30 Dec 2008 05:01:00 GMT http://www.zillow.com/advice-thread/should-I-refi-with-HELOC/182587/ 2008-12-30T05:01:00Z How reliable are the mortgage lenders? http://www.zillow.com/advice-thread/How-reliable-are-the-mortgage-lenders/416326/ I am in the process of buying a house in Massachusetts. I have been leaning toward to signing with a major bank, TD Bank as the mortgage lender. However I have seen 30 year mortgage rate that is more than 0.3% on this website from smaller lenders. In general how reliable in terms of meeting closing dates and communicating with the clients are these smaller lenders as compared to bigger banks? If I am pressed for time, is it better to stay with the bigger names despite the higher rates? &nbsp; &nbsp;<br \><br \>40 replies Tue, 20 Sep 2011 17:14:00 GMT http://www.zillow.com/advice-thread/How-reliable-are-the-mortgage-lenders/416326/ 2011-09-20T17:14:00Z How much (%) down payment required on a O1/J1 visa? http://www.zillow.com/advice-thread/How-much-down-payment-required-on-a-O1-J1-visa/540292/ I am 6 months through a O1 visa while my fianc&eacute; is on a J1. We are looking to buy in the Boston area, but are unsure on the minimum down payments for non-US citizens. We bring a fair bit of savings and our combined income is ~140K Thanks in advance!<br \><br \>3 replies Mon, 12 May 2014 00:03:00 GMT http://www.zillow.com/advice-thread/How-much-down-payment-required-on-a-O1-J1-visa/540292/ 2014-05-12T00:03:00Z Commercial Mortgage on Vacant Commercial (5+ unit apartments) Property http://www.zillow.com/advice-thread/Commercial-Mortgage-on-Vacant-Commercial-5-unit-apartments-Property/540223/ I am trying to get a mortgage on a 5+ unit apartment complex property, around 400k purchase price. All units vacant. This property had code violations in the past and city had it under a receiver to bring the property back in order. <br/><br/>Spoke to several banks, but all of them saying its not possible.<br/><br/>Is there any kind of commercial mortgage or something that works for this kind of situation?<br/><br/><br \><br \>1 reply Sun, 11 May 2014 04:50:00 GMT http://www.zillow.com/advice-thread/Commercial-Mortgage-on-Vacant-Commercial-5-unit-apartments-Property/540223/ 2014-05-11T04:50:00Z abandoned property http://www.zillow.com/advice-thread/abandoned-property/539834/ There is a town in Massachusetts (Royalston, Ma)which has a few abandoned properties in it.&nbsp; There is a house that has not been visibly occupied in a year.&nbsp; The records at the county office have not been updated in 3 years. The mortgage company listed there is now out of business.&nbsp; How can I find out if there is somebody in charge of the mortgage and thus offer to buy this property?<br \><br \>2 replies Thu, 08 May 2014 12:27:00 GMT http://www.zillow.com/advice-thread/abandoned-property/539834/ 2014-05-08T12:27:00Z