Zillow Advice RSS: Question-Discussion-Guide,Mortgage,UT http://www.zillow.com/advice/UT/mortgage/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate I have owned a home on a USDA loan for 3 years. Can i rent out the property now? http://www.zillow.com/advice-thread/I-have-owned-a-home-on-a-USDA-loan-for-3-years-Can-i-rent-out-the-property-now/534633/ I purchased a&nbsp;condo with a USDA guaranteed loan 3 years ago. Can I rent out the property and qualify for an FHA on an owner occupied&nbsp;home, or do I have to refinance&nbsp; the USDA to a conventional?<br \><br \>1 reply Tue, 01 Apr 2014 03:25:00 GMT http://www.zillow.com/advice-thread/I-have-owned-a-home-on-a-USDA-loan-for-3-years-Can-i-rent-out-the-property-now/534633/ 2014-04-01T03:25:00Z Should I refinance from FHA to conventional to get rid of mortgage insurance? http://www.zillow.com/advice-thread/Should-I-refinance-from-FHA-to-conventional-to-get-rid-of-mortgage-insurance/534172/ We are in the process of possibly refinancing our home and wondering if refinancing to a conventional loan is a good idea. We are on an 30 Year fixed FHA loan with a 4% interest rate and paying about $160 in mortgage insurance each month. We've had our real estate agent run comparisons on houses in our neighborhood and we have a pretty good chance that our house is valued much higher than what we purchased it for. The main question is if our house is valued high enough would it be a good idea to refinance to a&nbsp;30 year fixed conventional loan at %4.375 and get rid of the mortgage insurance or stay with our current loan?<br \><br \>5 replies Fri, 28 Mar 2014 16:30:00 GMT http://www.zillow.com/advice-thread/Should-I-refinance-from-FHA-to-conventional-to-get-rid-of-mortgage-insurance/534172/ 2014-03-28T16:30:00Z first time home buyer aspiring for FHA loan http://www.zillow.com/advice-thread/first-time-home-buyer-aspiring-for-FHA-loan/527518/ I'm preparing to buy a home this coming May or June and hoping to get FHA loan. However, after checking my credit, &nbsp;I found my mid score of 586. I am on the process of disputing errors hoping to bring my score a little up on May or June. I am in my 6 years working in my current employer receiving 6 figures for the last 3 tax years. My down payment will be coming from my 401k + savings. What is my change of being approve by FHA loan. I want to know potential issues may arise. thanks.<br \><br \>11 replies Fri, 07 Feb 2014 15:49:00 GMT http://www.zillow.com/advice-thread/first-time-home-buyer-aspiring-for-FHA-loan/527518/ 2014-02-07T15:49:00Z What can I do to get more (or better) quotes for my loan request ZR-PGFPZMD? http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-PGFPZMD/526926/ How soon after a chapter 7 discharge can one get a mortgage?<br \><br \>3 replies Sun, 02 Feb 2014 23:47:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-PGFPZMD/526926/ 2014-02-02T23:47:00Z zestimate... http://www.zillow.com/advice-thread/zestimate/526344/ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your estimate for my home valve is way too high. Because of your inflated value, I was led to believe that I might be able to refinance.&nbsp; So I started the loan process, had my house appraised and it came in $51,000 short.&nbsp; Thus, making making the refinance not an option.&nbsp; I'm also now out of $500 for the appraisal. As of now, your website offering estimated values seems like a scam giving people false hope of bettering their financial situations.&nbsp; I am extremely disappointed.&nbsp; I doubt you offer any help after leading people who use your website down this road, but if you do, I'll take it.&nbsp; As for now, thanks for helping screw me out of $500.<br/><br/>Will Thaler<br/>[deleted by Z moderator for consumer privacy]<br \><br \>4 replies Wed, 29 Jan 2014 15:49:00 GMT http://www.zillow.com/advice-thread/zestimate/526344/ 2014-01-29T15:49:00Z Mortgage Apppraisals http://www.zillow.com/advice-thread/Mortgage-Apppraisals/521033/ I was involved in a real estate deal that went south. My broker ordered thhe apprasial and I paid for and receieved a copy. He recently called me and asked me for a copy of it for a new deal he was working on the same property for his information only. Now I found out he is useing it tto complete the deal for another customer. is this legal? Do I have any recourse?<br \><br \>5 replies Sat, 07 Dec 2013 04:19:00 GMT http://www.zillow.com/advice-thread/Mortgage-Apppraisals/521033/ 2013-12-07T04:19:00Z Selling for less than I owe on an FHA loan....are there options for repayment on the balance? http://www.zillow.com/advice-thread/Selling-for-less-than-I-owe-on-an-FHA-loan-are-there-options-for-repayment-on-the-balance/498814/ I am selling my house for less than I owe. Are there any programs or assistance out there to help with the FHA loan balance due at closing?<br \><br \>1 reply Tue, 25 Jun 2013 00:25:00 GMT http://www.zillow.com/advice-thread/Selling-for-less-than-I-owe-on-an-FHA-loan-are-there-options-for-repayment-on-the-balance/498814/ 2013-06-25T00:25:00Z What can I do to get more (or better) quotes for my loan request ZR-QLSJDXV? http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-QLSJDXV/520596/ <p>I am low income, had a bankruptcy that is over a year old, and looking to purchase a hud home or something on that order. I need to&nbsp;a lender that can assist with finding me&nbsp;some type of loan that will accomadate my needs.&nbsp; Thank you, Cindy&nbsp; <a href="mailto:bikermom1922@gmail.com" rel="nofollow">bikermom1922@gmail.com</a>&nbsp;</p><br \><br \>0 replies Mon, 02 Dec 2013 21:08:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-QLSJDXV/520596/ 2013-12-02T21:08:00Z Dad's Debts Appearing in my Mortgage Disclosures http://www.zillow.com/advice-thread/Dad%27s-Debts-Appearing-in-my-Mortgage-Disclosures/518470/ My boyfriend and I just put an offer in on our first home. We went to our credit union to get financing and when the disclosures came back it showed ALL of my father's credit cards, on my report. I do not pay any of my dad's credit card bills but my name was on the account in college, so if there was an emergency I had a card to use. Now I'm on my own, with my own job and my own credit card, I don't use his anymore. Is there a way to fix this so I'm not considered accountable for his credit card bills? I'm so frustrated by the whole process! Thank you!&nbsp;<br \><br \>9 replies Sat, 09 Nov 2013 15:11:00 GMT http://www.zillow.com/advice-thread/Dad%27s-Debts-Appearing-in-my-Mortgage-Disclosures/518470/ 2013-11-09T15:11:00Z I need lender for mobile homes-not on their own land- in Utah. Anybody know someone? http://www.zillow.com/advice-thread/I-need-lender-for-mobile-homes-not-on-their-own-land-in-Utah-Anybody-know-someone/517035/ 4 replies Mon, 28 Oct 2013 19:16:00 GMT http://www.zillow.com/advice-thread/I-need-lender-for-mobile-homes-not-on-their-own-land-in-Utah-Anybody-know-someone/517035/ 2013-10-28T19:16:00Z What can I do to get more (or better) quotes for my loan request ZR-BHVCBJV? http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-BHVCBJV/516661/ 0 replies Fri, 25 Oct 2013 15:38:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-BHVCBJV/516661/ 2013-10-25T15:38:00Z Hard Money Loan Not the Same as All Cash http://www.zillow.com/advice-thread/Hard-Money-Loan-Not-the-Same-as-All-Cash/512710/ <div style="text-align: right;">[Promotion and website removed by Zillow moderator. Please see our Good Neighbor Policy for more information.]<div>----</div></div><br \><br \>0 replies Tue, 24 Sep 2013 18:55:00 GMT http://www.zillow.com/advice-thread/Hard-Money-Loan-Not-the-Same-as-All-Cash/512710/ 2013-09-24T18:55:00Z Hard Money Lenders Finance New Development Projects http://www.zillow.com/advice-thread/Hard-Money-Lenders-Finance-New-Development-Projects/512557/ 1 reply Mon, 23 Sep 2013 18:21:00 GMT http://www.zillow.com/advice-thread/Hard-Money-Lenders-Finance-New-Development-Projects/512557/ 2013-09-23T18:21:00Z Do you think I'd be approved? http://www.zillow.com/advice-thread/Do-you-think-I%27d-be-approved/510047/ I have average credit, built it up myself from a 580 to a 660 about. I am about to get my update tomorrow and can provide exact scores. However I have high debt on my personal credit, scores would be much higher. I have one collection that is paid and has been paid for a few years, should be removed in 3-4 years. I make 40k with good job history 2 years +. I also have long rental history at my current apartment. I have high debt for my CC's but only about 1500 that I am paying before November 1. I want to close before January 1. My lease is up and wish to move into my first home.<br/><br/>I know that I need 'gift money' or just additional capital as well in my bank account. I am just worried and haven't applied for new credit in hopes I am approved or pre-qualified.<br \><br \>6 replies Thu, 05 Sep 2013 04:04:00 GMT http://www.zillow.com/advice-thread/Do-you-think-I%27d-be-approved/510047/ 2013-09-05T04:04:00Z (Moved): i am not showing up on searches any more i dont know why http://www.zillow.com/advice-thread/Moved-i-am-not-showing-up-on-searches-any-more-i-dont-know-why/511264/ This discussion has been moved to the following location: <a href="http://www.zillow.com/advice-thread/i-am-not-showing-up-on-searches-any-more-i-dont-know-why/511261/">http://www.zillow.com/advice-thread/i-am-not-showing-up-on-searches-any-more-i-dont-know-why/511261/</a><br \><br \>0 replies Sat, 14 Sep 2013 00:40:00 GMT http://www.zillow.com/advice-thread/Moved-i-am-not-showing-up-on-searches-any-more-i-dont-know-why/511264/ 2013-09-14T00:40:00Z Demand for Bridge Financing Will Increase through 2015 http://www.zillow.com/advice-thread/Demand-for-Bridge-Financing-Will-Increase-through-2015/506063/ <div>A new set of banking regulations called the Basel III was imposed on U.S. banks, both small and large, in January of this year. Under new leverage standards, banks will have to hold 3% equity to total assets by 2018. And regulators this month proposed that 8 of the largest lenders in the U.S. must hold 5-6% equity to total assets. But what does this really mean?<div>&nbsp;&nbsp;&nbsp;&nbsp;For the real estate investor, this means lending on investment properties will be reduced through 2015. But why? For example, Deutsche Bank failed a recent stress test performed by regulators which has forced it to shrink its balance sheet by as much as 20%. This resulted in it selling some loans and not issuing new loans. Marc Hellingrath, a fund manager in Frankfurt, Germany said, "Some banks will have little choice&hellip;.most banks aren't where they'll need to be on the leverage ratio so they're cutting debt by reducing lending."<div>&nbsp;&nbsp;&nbsp;&nbsp;The property type that will be hit the hardest by a reduction in lending is commercial and investment real estate. Bridge financing is an option for real estate investors who may have difficulty obtaining bank financing in the next several years.<br/><br/>But what is a bridge loan? Read more on this topic from one of our past blog&nbsp;[Promotion and website removed by Zillow moderator. Please see our <a href="http://www.zillow.com/howto/GoodNeighborPolicy.htm">Good Neighbor Policy</a>.]<div>Lending on investment properties, and in particular, on commercial properties, will remain tight through 2015. To learn more about our private money bridge loans, follow &nbsp;[Hotlink removed by Zillow moderator. Please see our <a href="http://www.zillow.com/howto/GoodNeighborPolicy.htm">Good Neighbor Policy</a>.]</div></div></div></div><br \><br \>0 replies Fri, 09 Aug 2013 18:35:00 GMT http://www.zillow.com/advice-thread/Demand-for-Bridge-Financing-Will-Increase-through-2015/506063/ 2013-08-09T18:35:00Z Rural (USDA) loan question! http://www.zillow.com/advice-thread/Rural-USDA-loan-question/501083/ My wife and I are about to close on a home with a USDA backed rural housing. We are within about 5 thousand dollars of the income limit. My wife does plan to work in the future, within a few months probably. Will this cause problems for this loan? How is it audited? Will they kick us out or take our loan away if we are making just over the limit? THANKS!<br \><br \>1 reply Tue, 09 Jul 2013 22:44:00 GMT http://www.zillow.com/advice-thread/Rural-USDA-loan-question/501083/ 2013-07-09T22:44:00Z Do you loan on park models or trailers & manufacture homes? http://www.zillow.com/advice-thread/Do-you-loan-on-park-models-or-trailers-manufacture-homes/465823/ 3 replies Thu, 25 Oct 2012 19:18:00 GMT http://www.zillow.com/advice-thread/Do-you-loan-on-park-models-or-trailers-manufacture-homes/465823/ 2012-10-25T19:18:00Z Refinance http://www.zillow.com/advice-thread/Refinance/475459/ &nbsp;Should I refinance my FHA loan with 286 payments, rate of 5.5 balance 140,888<br \><br \>6 replies Wed, 23 Jan 2013 01:46:00 GMT http://www.zillow.com/advice-thread/Refinance/475459/ 2013-01-23T01:46:00Z What can I do to get more (or better) quotes for my loan request ZR-KNXMRLN? http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-KNXMRLN/497064/ Looking for a HUD or FHA loan.<br \><br \>2 replies Fri, 14 Jun 2013 08:46:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-KNXMRLN/497064/ 2013-06-14T08:46:00Z