Zillow Advice RSS: Question-Discussion-Guide,Mortgage,CA http://www.zillow.com/advice/CA/mortgage/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate No Cost Refi with Quicken Loans Help. http://www.zillow.com/advice-thread/No-Cost-Refi-with-Quicken-Loans-Help/598557/ I have primary and investment with Quicken Loans and I like them a lot.&nbsp;<br/><br/>We thought of refinancing our primary with no cost refinance. It seems too good to be true but Im not certain what to believe. I'm not very versed in Mortgage talk.<br/><br/><strong>Current</strong>:<br/>$359,834.00 at 4.625% 30 yrs fixed 0 points = $1875.00<br/><br/><strong>No Cost Refi:<br/></strong>4.25% 30 yr fixed 0 points - $1771 0 points = savings of $104/month.<br/><br/><strong>Cost Refi:<br/></strong>3.99% 2 points = savings of $129/month.<br/>Fee is $6200 (for additional buy down fee)<br/><br/>We refinanced years ago our investment home and it was very easy with QL and went to 20yr and still saved a bit.<br/>&nbsp;<br \><br \>19 replies Mon, 03 Aug 2015 22:17:00 GMT http://www.zillow.com/advice-thread/No-Cost-Refi-with-Quicken-Loans-Help/598557/ 2015-08-03T22:17:00Z Mortgage after Foreclosure and Short Sale http://www.zillow.com/advice-thread/Mortgage-after-Foreclosure-and-Short-Sale/573381/ Short sale 5 years ago. Foreclosure 4 years ago - house was joint tenancy and partner declared bankruptcy. I have great income, no debt, FICO 714. I qualify for FHA but that limits the properties I can buy. Is there a niche program that will allow me to get a mortgage with 25% down?<br \><br \>7 replies Sun, 25 Jan 2015 17:54:00 GMT http://www.zillow.com/advice-thread/Mortgage-after-Foreclosure-and-Short-Sale/573381/ 2015-01-25T17:54:00Z 1 Year Tax Return Mortgage with Schedule E Rentals? http://www.zillow.com/advice-thread/1-Year-Tax-Return-Mortgage-with-Schedule-E-Rentals/598676/ <p>Did you know that you CAN use&nbsp;the 1 Year Tax Return Program if the borrower has Schedule E rentals?&nbsp; The trick is hitting them with the full payment and not using their rental income.&nbsp;<br/><br/>Never had the issue until a month ago and it has come up 3 times since then.&nbsp; This is the work around.&nbsp; ABC gang!</p><br \><br \>0 replies Tue, 04 Aug 2015 18:46:00 GMT http://www.zillow.com/advice-thread/1-Year-Tax-Return-Mortgage-with-Schedule-E-Rentals/598676/ 2015-08-04T18:46:00Z Is complete address for the transaction really necessary? What if the buyer does not want to give? http://www.zillow.com/advice-thread/Is-complete-address-for-the-transaction-really-necessary-What-if-the-buyer-does-not-want-to-give/598593/ 3 replies Tue, 04 Aug 2015 02:51:00 GMT http://www.zillow.com/advice-thread/Is-complete-address-for-the-transaction-really-necessary-What-if-the-buyer-does-not-want-to-give/598593/ 2015-08-04T02:51:00Z Are there any lenders out there who approve HELOC's with good credit but have a high DTI http://www.zillow.com/advice-thread/Are-there-any-lenders-out-there-who-approve-HELOC%27s-with-good-credit-but-have-a-high-DTI/598513/ 4 replies Mon, 03 Aug 2015 17:06:00 GMT http://www.zillow.com/advice-thread/Are-there-any-lenders-out-there-who-approve-HELOC%27s-with-good-credit-but-have-a-high-DTI/598513/ 2015-08-03T17:06:00Z Is a 5/1 ARM a Good Idea for Us? http://www.zillow.com/advice-thread/Is-a-5-1-ARM-a-Good-Idea-for-Us/598284/ I'm moving out to Monterey, CA and joining my soon-to-be husband in January. We want to buy a house that will be both our primary residence while we're there AND an investment when we leave in 4-5 years. My fiance is active duty military and I will be a veteran in the reserves, so we'd like to take advantage of the no down-payment option with the VA, but they cap out at $502k.<br/><br/>Houses are outrageously priced in Monterey, and the barely-habitable ones start around $600k. The one we're interested in is listed for a little over $650k. We'd like to keep the monthly payment under our BAH ($2,712), so would you recommend we pursue a 5/1 ARM? We do plan on keeping the house for over 5 years, but will rent it out to other military families once my husband retires in 4-5 years.<br/><br/>Or, if there's an alternative solution I may not have considered, advice is always appreciated!<br \><br \>9 replies Sat, 01 Aug 2015 21:39:00 GMT http://www.zillow.com/advice-thread/Is-a-5-1-ARM-a-Good-Idea-for-Us/598284/ 2015-08-01T21:39:00Z I own a home free and clear, need a small loan about $5000.00 http://www.zillow.com/advice-thread/I-own-a-home-free-and-clear-need-a-small-loan-about-5000-00/396305/ Where or who would I go to get a loan on my house for about $5,000.00. I also have a vacant piece a land. Would it be easier to get a&nbsp; loan on the house or vacant land?<br \><br \>56 replies Sun, 24 Apr 2011 01:22:00 GMT http://www.zillow.com/advice-thread/I-own-a-home-free-and-clear-need-a-small-loan-about-5000-00/396305/ 2011-04-24T01:22:00Z Can I get a 95% LTV Jumbo Loan in Ontario, CA? http://www.zillow.com/advice-thread/Can-I-get-a-95-LTV-Jumbo-Loan-in-Ontario-CA/597722/ Or can an FHA cover this purchase?<br \><br \>8 replies Wed, 29 Jul 2015 04:49:00 GMT http://www.zillow.com/advice-thread/Can-I-get-a-95-LTV-Jumbo-Loan-in-Ontario-CA/597722/ 2015-07-29T04:49:00Z Are there any HELOCs available in California @ Prime + 0% APR or better? http://www.zillow.com/advice-thread/Are-there-any-HELOCs-available-in-California-Prime-0-APR-or-better/598025/ 3 replies Fri, 31 Jul 2015 05:14:00 GMT http://www.zillow.com/advice-thread/Are-there-any-HELOCs-available-in-California-Prime-0-APR-or-better/598025/ 2015-07-31T05:14:00Z CAIVRS CLEARANCE http://www.zillow.com/advice-thread/CAIVRS-CLEARANCE/385097/ <strong>I defaulted on a HUD loan in 1996 during the last real estate bust and the loan was never paid.&nbsp; I want to buy a house now while prices are low.&nbsp; My credit score is around 720 now.&nbsp; HUD says you can apply again for an FHA loan 2 years after a default/foreclosure, but you can't be on the CAIVRS list.&nbsp; I can't get off the list unless I pay the loan - which I can't.&nbsp; Do I have to pass a CAIVRS check with Homepath?</strong><br \><br \>9 replies Wed, 09 Feb 2011 00:30:00 GMT http://www.zillow.com/advice-thread/CAIVRS-CLEARANCE/385097/ 2011-02-09T00:30:00Z How long you must wait to purchase or refinance a property after a short sale or foreclosure? http://www.zillow.com/advice-thread/How-long-you-must-wait-to-purchase-or-refinance-a-property-after-a-short-sale-or-foreclosure/518004/ <p class="MsoNormal">Call half a dozen lenders and you will get a variety of answers regarding how long you must wait to purchase or refinance a property after a derogatory event like a short sale or foreclosure shows up on your credit report. A good starting point to figuring out the answer is to look at the Fannie Mae (FNMA) and FHA guidelines on the subject.&nbsp;</p><br \><br \>17 replies Tue, 05 Nov 2013 16:46:00 GMT http://www.zillow.com/advice-thread/How-long-you-must-wait-to-purchase-or-refinance-a-property-after-a-short-sale-or-foreclosure/518004/ 2013-11-05T16:46:00Z Joint Mortgage Loan http://www.zillow.com/advice-thread/Joint-Mortgage-Loan/597962/ Hi, I had a question regarding a future home loan I will be looking into. I make 40k a year and my credit score is in the lower-mid 700 range and have zero debt and I was looking into purchasing a second home. My parents have just recently moved in with me in my current home and when I do get a second home I am expecting them to live with me in the new home as well. My question is; will I be able to combine my father's income with my own to be approved for a larger home loan? My father and I makes about 50k a year and his credit is fair. Any advice would help. Thanks<br \><br \>6 replies Thu, 30 Jul 2015 20:19:00 GMT http://www.zillow.com/advice-thread/Joint-Mortgage-Loan/597962/ 2015-07-30T20:19:00Z How soon after getting an FHA loan and moving in can you refinance that loan to a lower FHA loan ? http://www.zillow.com/advice-thread/How-soon-after-getting-an-FHA-loan-and-moving-in-can-you-refinance-that-loan-to-a-lower-FHA-loan/439718/ We have been in this home since September 2011. Our FHA loan is a total of 5% ( which might include points? ) when I look on mortgage papers. With FHA now down to 3% or so, I think we should try and refinance and get a lower FHA loan. Home has met and or excceds FHA requirements with new appliances, smoke alarms etc. But, can we refinance after only 7 months in the home? If not WHEN can we refinance?<br/><br/>Thanks,<br/><br/>Jim<br/><br \><br \>10 replies Fri, 20 Apr 2012 18:04:00 GMT http://www.zillow.com/advice-thread/How-soon-after-getting-an-FHA-loan-and-moving-in-can-you-refinance-that-loan-to-a-lower-FHA-loan/439718/ 2012-04-20T18:04:00Z What happens to me if I walk away from my home & it goes into forclosure?? http://www.zillow.com/advice-thread/What-happens-to-me-if-I-walk-away-from-my-home-it-goes-into-forclosure/361462/ 8 replies Tue, 10 Aug 2010 01:49:00 GMT http://www.zillow.com/advice-thread/What-happens-to-me-if-I-walk-away-from-my-home-it-goes-into-forclosure/361462/ 2010-08-10T01:49:00Z Should we wait to complete our bathroom remodel before refinancing our home? http://www.zillow.com/advice-thread/Should-we-wait-to-complete-our-bathroom-remodel-before-refinancing-our-home/365021/ We are in the process of completing a bathroom remodel and are about 1/3 of the way done.&nbsp; Should we wait for the bathroom to be complete 100%&nbsp;before we refinance our home?&nbsp;<br \><br \>13 replies Fri, 03 Sep 2010 15:24:00 GMT http://www.zillow.com/advice-thread/Should-we-wait-to-complete-our-bathroom-remodel-before-refinancing-our-home/365021/ 2010-09-03T15:24:00Z loan approval possibilites please?? http://www.zillow.com/advice-thread/loan-approval-possibilites-please/596947/ Can i get a loan for Fico 706, 776k price1600sqft SFH 10p down, 200k/year family income? property in union city<br/><br/>Also, what are non-confirming loans..do they suit my situation better??<br \><br \>10 replies Thu, 23 Jul 2015 16:26:00 GMT http://www.zillow.com/advice-thread/loan-approval-possibilites-please/596947/ 2015-07-23T16:26:00Z Am I able to buy a $60000 home, with bad credit if I can provide a $10000 down? http://www.zillow.com/advice-thread/Am-I-able-to-buy-a-60000-home-with-bad-credit-if-I-can-provide-a-10000-down/194590/ My credit score is in the mid 400's. I am trying to fix it, but it's taking a while. I need to move shortly, and would like to <a href="http://www.zillow.com/learnmore/what-zillow-offers-buyers.htm">buy a home</a>, I have a 10000 down payment. Would it be better for me to use that to fix my credit, or as a down payment?<br \><br \>12 replies Sun, 01 Feb 2009 17:07:00 GMT http://www.zillow.com/advice-thread/Am-I-able-to-buy-a-60000-home-with-bad-credit-if-I-can-provide-a-10000-down/194590/ 2009-02-01T17:07:00Z buying a second house using a "primary house loan" http://www.zillow.com/advice-thread/buying-a-second-house-using-a-primary-house-loan/591848/ We already own and live in a house with 80% of the mortgage paid off. We would like to own two houses and hence I am interested in buying a second house. The second house will be very close to the current house and will also be around the same size. The only difference is that the second house will be covered by an HOA, while our current house is not covered under an HOA.<br/><br/>How easy or difficult would it be to obtain a "primary house loan" for the second house. We are ok with moving into the second house and putting our current house on rent. We have excellent credit and sufficient income to qualify for the loan. Just wondering if backs usually give out primary home loan under this situation?<br/><br/>I am in San Francisco Bay area. My current primary residence is worth 1.5M and we have 80% of the loan paid off. We are interested in buying a townhouse very close to where the current house is for around $1M.<br \><br \>9 replies Thu, 18 Jun 2015 08:04:00 GMT http://www.zillow.com/advice-thread/buying-a-second-house-using-a-primary-house-loan/591848/ 2015-06-18T08:04:00Z Which home mortgage lenders service their own Non-Conforming loans? http://www.zillow.com/advice-thread/Which-home-mortgage-lenders-service-their-own-Non-Conforming-loans/592596/ We are seeking to work with a lender that will not sell the loan to Fannie Mae.&nbsp; We have nothing against Fannie Mae, but my partner's CPA firm audits Fannie Mae, and it could be perceived as a lack of independence/conflict of interest; so it is forbidden.&nbsp; The lender will have to write in the loan agmt. that "they will never sell the loan."<br/><br/>Please let me know if you know of any such lenders. &nbsp;<br/><br/>Thank you.<br \><br \>8 replies Tue, 23 Jun 2015 22:06:00 GMT http://www.zillow.com/advice-thread/Which-home-mortgage-lenders-service-their-own-Non-Conforming-loans/592596/ 2015-06-23T22:06:00Z 10% down Jumbo in San Diego http://www.zillow.com/advice-thread/10-down-Jumbo-in-San-Diego/592772/ I am a first time home buyer in San Diego looking at an $800,000 purchase price. &nbsp;I can put 10% down and income is $200K. &nbsp;My mortgage FICO scores from myfico are 689/692/693. &nbsp;My FICO 08 scores are a bit higher at 718/711/701 for what its worth. &nbsp;<br/><br/>I have not been able to find any 10% down programs that don't require minimum FICO of 700. &nbsp; I might be able to get my scores up in the next few months according to the simulators but have a house I would like to move on now.<br/><br/>Does anyone know of any 10% down jumbo or 1st/2nd combo loans that can get me to 90% CLTV with 692 middle FICO? &nbsp;I would need a total loan of $720,000 with $80,000 down.<br \><br \>8 replies Wed, 24 Jun 2015 21:59:00 GMT http://www.zillow.com/advice-thread/10-down-Jumbo-in-San-Diego/592772/ 2015-06-24T21:59:00Z