Zillow Advice RSS: Question-Discussion-Guide,Mortgage,Toledo- OH http://www.zillow.com/advice/Toledo-OH/mortgage/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate Buying a home cash using an LLC, then selling it to myself to get the VA loan http://www.zillow.com/advice-thread/Buying-a-home-cash-using-an-LLC-then-selling-it-to-myself-to-get-the-VA-loan/570851/ <p>Ohio: i have an opportunity to buy a home cash well under appraised value.&nbsp;I would like to buy it in my companys name (LLC). &nbsp;I am a veteran, and would then like to have the LLC sell it to myself using my VA loan or even a traditional mortgage.<br/><br/>I am going through a divorce and have two mortgages already, once divorce is done and both houses sold I can get a mortgage.<br/><br/>is this legal?<br/>what are your thoughts?</p><br \><br \>4 replies Wed, 31 Dec 2014 18:48:00 GMT http://www.zillow.com/advice-thread/Buying-a-home-cash-using-an-LLC-then-selling-it-to-myself-to-get-the-VA-loan/570851/ 2014-12-31T18:48:00Z Buying a house via cash in an LLC, then selling it to myself to get the VA loan http://www.zillow.com/advice-thread/Buying-a-house-via-cash-in-an-LLC-then-selling-it-to-myself-to-get-the-VA-loan/570835/ Ohio: i have an opportunity to buy a home cash well under appraised value.&nbsp;I would like to buy it in my companys name (LLC). &nbsp;I am a veteran, and would then like to have the LLC sell it to myself using my VA loan or even a traditional mortgage <br/><br/>is this legal?<br/>what are your thoughts?<br/><br \><br \>4 replies Wed, 31 Dec 2014 16:53:00 GMT http://www.zillow.com/advice-thread/Buying-a-house-via-cash-in-an-LLC-then-selling-it-to-myself-to-get-the-VA-loan/570835/ 2014-12-31T16:53:00Z Marketing/Advertising myself as Lender on Zillow? http://www.zillow.com/advice-thread/Marketing-Advertising-myself-as-Lender-on-Zillow/569352/ I wanted to start marketing and advertising myself as a lender on Zillow and do not know how to begin the process. Please let me know how to begin and what is all needed to start advertising myself as a lender on Zillow.<br \><br \>3 replies Thu, 11 Dec 2014 16:32:00 GMT http://www.zillow.com/advice-thread/Marketing-Advertising-myself-as-Lender-on-Zillow/569352/ 2014-12-11T16:32:00Z Marketing or Advertising as Lender on Zillow http://www.zillow.com/advice-thread/Marketing-or-Advertising-as-Lender-on-Zillow/569353/ I wanted to see how to start marketing or advertising&nbsp;myself as&nbsp;a mortgage lender on Zillow. How does one start the process and what is required?<br \><br \>1 reply Thu, 11 Dec 2014 16:33:00 GMT http://www.zillow.com/advice-thread/Marketing-or-Advertising-as-Lender-on-Zillow/569353/ 2014-12-11T16:33:00Z When can I apply for a loan? http://www.zillow.com/advice-thread/When-can-I-apply-for-a-loan/565547/ <p class="MsoNormal">My brother and I inherited a house from my mother. Title was transferred to us on 12/31/2013. I would like to buy it outright. I was told by a "mortgage expert" at my bank that I cannot apply for a mortgage loan until at least 1 year after the title was transferred (that would be not until 12/31/2014). Why is that? If we had sold the house over the summer to a stranger, they would not have had to wait to get a mortgage on the property, so why is it that I must wait for a year? Is this correct or am I being misled?</p><br \><br \>5 replies Wed, 05 Nov 2014 21:52:00 GMT http://www.zillow.com/advice-thread/When-can-I-apply-for-a-loan/565547/ 2014-11-05T21:52:00Z can I get a loan with bad credit? http://www.zillow.com/advice-thread/can-I-get-a-loan-with-bad-credit/532225/ <p>I am looking to buy my first home and do not have great credit. I was told by one lender that I would not qualify for a loan. She told me that if I keep making on time payments for the next 12 mos. and clean up some old credit I may have a chance in a year. Anything that I can do to speed that process up. I have read online that going to mortgage broker instead of to a lender may help, because brokers can look for the best lender for you, is that true.</p><br \><br \>7 replies Thu, 13 Mar 2014 19:56:00 GMT http://www.zillow.com/advice-thread/can-I-get-a-loan-with-bad-credit/532225/ 2014-03-13T19:56:00Z Credit score is 582; are there any lenders in Ohio that can help w/home loan? http://www.zillow.com/advice-thread/Credit-score-is-582-are-there-any-lenders-in-Ohio-that-can-help-w-home-loan/492967/ Good job history, good salary. Bad credit due to bankruptcy in 2006 &amp; medical bills in collections. I can pay a mortgage, and am working on the old bills. Please help.<br \><br \>2 replies Sun, 19 May 2013 00:02:00 GMT http://www.zillow.com/advice-thread/Credit-score-is-582-are-there-any-lenders-in-Ohio-that-can-help-w-home-loan/492967/ 2013-05-19T00:02:00Z I am trying to find a home in toledo ohio but i don't have the best credit what should i do"? http://www.zillow.com/advice-thread/I-am-trying-to-find-a-home-in-toledo-ohio-but-i-don%27t-have-the-best-credit-what-should-i-do/531247/ 5 replies Fri, 07 Mar 2014 00:04:00 GMT http://www.zillow.com/advice-thread/I-am-trying-to-find-a-home-in-toledo-ohio-but-i-don%27t-have-the-best-credit-what-should-i-do/531247/ 2014-03-07T00:04:00Z Open Trade lines for FHA http://www.zillow.com/advice-thread/Open-Trade-lines-for-FHA/523529/ Qualifying credit score 697. Student loans deferred. If they added in DTI will be too high. Paid auto. Paid installments. Open AU credit card account. So I have no open primary tradelines. I have non traditional accounts, phone, electric, insurance renters/auto. 2 years of on time Lease/rental payments for the house I'm looking to purchase. Will FHA approve?<br \><br \>5 replies Mon, 06 Jan 2014 21:17:00 GMT http://www.zillow.com/advice-thread/Open-Trade-lines-for-FHA/523529/ 2014-01-06T21:17:00Z We have a first and second mortgage, never been late always current, but a years or two ago our curr http://www.zillow.com/advice-thread/We-have-a-first-and-second-mortgage-never-been-late-always-current-but-a-years-or-two-ago-our-curr/510182/ 1st&nbsp; 118,000.00 at 5.25, 2nd&nbsp; 24,000.00 at 11.6 interest.....we would like to refinance for 10yr fixed.&nbsp;&nbsp;&nbsp; any info to help?????&nbsp;&nbsp;&nbsp;<br \><br \>1 reply Fri, 06 Sep 2013 00:31:00 GMT http://www.zillow.com/advice-thread/We-have-a-first-and-second-mortgage-never-been-late-always-current-but-a-years-or-two-ago-our-curr/510182/ 2013-09-06T00:31:00Z Are there any lenders in Ohio giving FHA Loan 2 years after BKCY/Foreclosure Score 668 20% down? http://www.zillow.com/advice-thread/Are-there-any-lenders-in-Ohio-giving-FHA-Loan-2-years-after-BKCY-Foreclosure-Score-668-20-down/495510/ We had a bankruptcy discharged in March 2011 and included our home that sold at Sheriff sale in August 2011. We did however turn the home over to the bank much earlier in Jan 2011.By the end of that month the property was locked and"No trespassing" sign on the door.We did not "squatter"&nbsp;<br/>Neither The County Auditor or our credit report reflects a foreclosure, rather a deed in lieu (though no documents were ever signed). Our Income is just over $80,000, looking for a home @ 100K and have $20,000 as down payment.Credit score 668.Any chance of getting an FHA loan in August of this year. Extenuating circumstances were due &nbsp;to serious illnesses, preceeded by job lay-off &nbsp;14 months of trying and failing to receive modificatio.Thank you<br \><br \>1 reply Wed, 05 Jun 2013 10:53:00 GMT http://www.zillow.com/advice-thread/Are-there-any-lenders-in-Ohio-giving-FHA-Loan-2-years-after-BKCY-Foreclosure-Score-668-20-down/495510/ 2013-06-05T10:53:00Z What can I do to get more (or better) quotes for my loan request ZR-XTKSSJN http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-XTKSSJN/459828/ I have a property that I recently purchased, that I am looking to refinance. &nbsp;All of the banks that I have come across either won't handle loans of the low dollar amount the property is valued at, or don't handle NOO properties. &nbsp;The property is valued by the county at $26800, but everyone seems to want $50000 mortgage or more to even look at an application. &nbsp;I have 100% equity, and I am looking to get some money out of it for some updating and repairing prior to renting or selling the property. &nbsp;Any suggestions?<br \><br \>1 reply Thu, 13 Sep 2012 22:51:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-XTKSSJN/459828/ 2012-09-13T22:51:00Z financing http://www.zillow.com/advice-thread/financing/454051/ my daughter and her fiance bout a house just over a year ago. it was a forclosure and they were able to pay cash for it. They would like to rent that one out (already have a renter lined up) and purchase a larger house. they are young and dont have much credit. what would be the best way for them to finance?<br/><br \><br \>1 reply Sat, 04 Aug 2012 12:59:00 GMT http://www.zillow.com/advice-thread/financing/454051/ 2012-08-04T12:59:00Z Can we use a co-borrowers income to purchase a home? No FHA. http://www.zillow.com/advice-thread/Can-we-use-a-co-borrowers-income-to-purchase-a-home-No-FHA/373149/ My husband and I would like to purchase another home. we currently own one and have bought it using FHA. So getting another FHA loan is out of the question. That home we know rent out and have been for the past 7 months. When we went to get pre approved for a loan they would not give us the amount we wanted because they would not consider our rent money as income. They will considered after 2 years, claimed on our taxes. Had we not have a problem with using the rent money we would be just fine. My parents suggested to us that they would be a co borrow non occupant on the loan. we have had conflicted stories on this from every bank we call. Some say yes you can use there income and others say no you cant. Which is true? I would hate to get almost all the way through the process and find out it wont work. Now if the answer is no, what is my parents went and bought it as an investment property? How would this workkkk? How much would need to be put down?<br \><br \>2 replies Sat, 30 Oct 2010 13:33:00 GMT http://www.zillow.com/advice-thread/Can-we-use-a-co-borrowers-income-to-purchase-a-home-No-FHA/373149/ 2010-10-30T13:33:00Z Freddie mac owns the mortgage but not HARP eligible??? http://www.zillow.com/advice-thread/Freddie-mac-owns-the-mortgage-but-not-HARP-eligible/371307/ We want to refi our mortgage under the HARP.&nbsp; Our mortgage is owned by Freddie Mac.&nbsp; Lender says even though this is true, we are not eligible for the program -- he did not know why, maybe something about the first company that owned the mortgage (it's been sold a couple of times in the 13 years we've owned the house).&nbsp; We have excellent credit in our underwater house.&nbsp; Where can I get more info about this??&nbsp;<br \><br \>5 replies Thu, 14 Oct 2010 20:07:00 GMT http://www.zillow.com/advice-thread/Freddie-mac-owns-the-mortgage-but-not-HARP-eligible/371307/ 2010-10-14T20:07:00Z Lease option /rent to Own Toledo Oh area http://www.zillow.com/advice-thread/Lease-option-rent-to-Own-Toledo-Oh-area/360865/ <p>&nbsp;In early 2009,following lay-off, pay cut and major surgery our income has decreased,medical and CC bills have increased home purchased in 06 lost 20% of its value and no equity. Denied HAMP.Thinking of doing a short sale, and file chapt.13. Would we be able to find a property and qualify for Lease/ rent to own?Our income is $$70,000.00+ but our credit has taken a dive. Thank you</p><br \><br \>1 reply Thu, 05 Aug 2010 10:56:00 GMT http://www.zillow.com/advice-thread/Lease-option-rent-to-Own-Toledo-Oh-area/360865/ 2010-08-05T10:56:00Z I did not get any quotes on my loan request (ZR-HWZKZLL). Can someone help me figure out why? http://www.zillow.com/advice-thread/I-did-not-get-any-quotes-on-my-loan-request-ZR-HWZKZLL-Can-someone-help-me-figure-out-why/322404/ I have excellent credit. I owe very little on credit cards. Outside of my current <a href="http://www.zillow.com/mortgage/">mortgage</a> I have no other <a href="http://www.zillow.com/mortgage/">loans</a>. Why am I not getting any quotes?<br \><br \>2 replies Sun, 07 Feb 2010 14:00:00 GMT http://www.zillow.com/advice-thread/I-did-not-get-any-quotes-on-my-loan-request-ZR-HWZKZLL-Can-someone-help-me-figure-out-why/322404/ 2010-02-07T14:00:00Z FHA Case Number held hostage - We never signed paperwork http://www.zillow.com/advice-thread/FHA-Case-Number-held-hostage-We-never-signed-paperwork/273930/ We have an accepted offer on a house.&nbsp; As part of the process, we provided a letter from a first <a href="http://www.zillow.com/directory/lenders/">mortgage broker</a> that we would be approved for a <a href="http://www.zillow.com/mortgage/">loan</a> for our offer price.&nbsp; <br/><br/>After the offer was accepted, we got an estimate on closing costs from the first mortgage broker and they appeared very high.&nbsp; We never signed the estimate.&nbsp; We never signed a loan app.&nbsp; After getting the estimate from the first mortgage broker, we got two other quotes and went with one of the new quotes.&nbsp; We sign paperwork with our selected broker and she finds out that the first mortgage broker has taken the <a href="http://www.zillow.com/fha-loan/">FHA</a> case number out and had the appraisal done.&nbsp; Again, we never signed paperwork for a loan with this first guy.&nbsp; I called the first mortgage broker and he tells me that he has done 90% of the work and I have to pay him for all the work he's done or he won't release the case number.<br/><br/>Any comments?&nbsp; I can't believe what he has done is legal.&nbsp; We are trying to assess where to go from here.<br \><br \>5 replies Mon, 31 Aug 2009 01:05:00 GMT http://www.zillow.com/advice-thread/FHA-Case-Number-held-hostage-We-never-signed-paperwork/273930/ 2009-08-31T01:05:00Z why does they use the all star game to decide home field advantage for the world series????!!!!! http://www.zillow.com/advice-thread/why-does-they-use-the-all-star-game-to-decide-home-field-advantage-for-the-world-series/256385/ 1 reply Wed, 15 Jul 2009 02:56:00 GMT http://www.zillow.com/advice-thread/why-does-they-use-the-all-star-game-to-decide-home-field-advantage-for-the-world-series/256385/ 2009-07-15T02:56:00Z