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 how do i know if my home has gained equity http://www.zillow.com/advice-thread/how-do-i-know-if-my-home-has-gained-equity/537283/ i put brand new flooring in living room and hall way new tile in restrooms new paint and put grass in front yard and i will do stucco in the next couple months how do i know if my home has gone up in equity when i bouught it was trashed cats used to live with old owners.<br \><br \>1 reply Mon, 21 Apr 2014 03:34:00 GMT http://www.zillow.com/advice-thread/how-do-i-know-if-my-home-has-gained-equity/537283/ 2014-04-21T03:34:00Z Have 620 credit score http://www.zillow.com/advice-thread/Have-620-credit-score/537273/ Hello need help answering some questions my parents have 620 credit score they want to buy a house can 620 be good for FHA and down payment assistance we live in Perris ca want to purchase a house of 150,000 how much would it be thank you so much Want to see of I can get down payment assistance<br \><br \>0 replies Mon, 21 Apr 2014 01:49:00 GMT http://www.zillow.com/advice-thread/Have-620-credit-score/537273/ 2014-04-21T01:49:00Z Riteway Mortgage and Manhattan Financial Group are scammers http://www.zillow.com/advice-thread/Riteway-Mortgage-and-Manhattan-Financial-Group-are-scammers/504735/ I recently applied for a loan from Riteway Mortgages, also known as MFG banking from Poway/San Diego area. The loan never went through because the appraisal was too high and were extremely shady and unprofessional along the process.&nbsp; <br/><br/>They are now falsifying documents to make us pay for services we never signed by photoshopping our signature. How do l take this up to the BBB? I don't want anyone else to go through the same horrible experience I went through. <br/><br/>STAY AWAY FROM THESE SCAMMERS!!!!!<br \><br \>2 replies Thu, 01 Aug 2013 15:21:00 GMT http://www.zillow.com/advice-thread/Riteway-Mortgage-and-Manhattan-Financial-Group-are-scammers/504735/ 2013-08-01T15:21:00Z No Closing Cost FHA http://www.zillow.com/advice-thread/No-Closing-Cost-FHA/537140/ Is there such a program? "No Closing Cost FHA Loan" I realize this will drive the rate up but in my situation the payment is less of an issue than the upfront cost. I can come up with the 3.5% but no more.<br/><br/>If it matters the purchase price would be about $525 - $550&nbsp;<br/><br/>If anyone can help me with this type of loan it would be great!<br \><br \>6 replies Sat, 19 Apr 2014 16:28:00 GMT http://www.zillow.com/advice-thread/No-Closing-Cost-FHA/537140/ 2014-04-19T16:28:00Z 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 \>29 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 Any Way Around FHA http://www.zillow.com/advice-thread/Any-Way-Around-FHA/537072/ My credit scores are all above 735. &nbsp;But I do not have a ton to put down. &nbsp;Is there a way to put 3% or 3.5% down but avoid FHA? &nbsp;The fees they charge are a killer. &nbsp;The home price would be about $525k - $550K<br \><br \>3 replies Fri, 18 Apr 2014 23:23:00 GMT http://www.zillow.com/advice-thread/Any-Way-Around-FHA/537072/ 2014-04-18T23:23:00Z pmi percentage in mortgage calculator http://www.zillow.com/advice-thread/pmi-percentage-in-mortgage-calculator/537024/ im using your mortgage calculator tool and i believe your pmi rate is incorrect. will you tell me what percentage it defaults to and why? i really need to know the best estimate for this because i am looking to purchase and need to budget everything! thank yu<br \><br \>5 replies Fri, 18 Apr 2014 16:03:00 GMT http://www.zillow.com/advice-thread/pmi-percentage-in-mortgage-calculator/537024/ 2014-04-18T16:03:00Z Misrepresentation on HOA cert questions http://www.zillow.com/advice-thread/Misrepresentation-on-HOA-cert-questions/536846/ We are first time home buyer and we basically completed all steps in the escrow, including removing all contingencies and signed loan docs. However, at the day the lender suppose to fund the money, lender's QC founded out that 1 owner in the HOA who owns a total of 6 units in the same HOA (10 units total). According to Fanniemae guidelines "No single entity may not own more than 10% of the total units in the project. In the case of a project that has fewer than 10 units, no single entity may own more than one unit." Before this discovery, the loan approval was based on the information provided to lender by the HOA management as they indicated that no entity owns more than 1 unit. This is clearly a mistake made by the HOA management and therefore our loan fell off.&nbsp;<br/><br/>However, at this point we already removed all contingencies and wired the down payments into escrow. Are we able to get all our deposits back including the earnest money that we put in in the beginning? and is HOA responsible for all expenses that occurred due to their false information on the HOA cert?<br/><br/>Thanks.<br/>&nbsp;&nbsp;<br/><br \><br \>6 replies Thu, 17 Apr 2014 07:38:00 GMT http://www.zillow.com/advice-thread/Misrepresentation-on-HOA-cert-questions/536846/ 2014-04-17T07:38:00Z Bad Credit http://www.zillow.com/advice-thread/Bad-Credit/537085/ Hello,&nbsp;<br/>I am looking for the best advise possible, I would love to purchase a home. &nbsp;I have a great job and make decent wages. &nbsp;My husband has no credit, I have bad credit, student loans and I was a victim of identity theft. &nbsp;Is there any hope for a loan so we may purchase a home?&nbsp;<br \><br \>3 replies Sat, 19 Apr 2014 01:32:00 GMT http://www.zillow.com/advice-thread/Bad-Credit/537085/ 2014-04-19T01:32:00Z Can I get a loan with only 10% down and a short sale 2 years ago? http://www.zillow.com/advice-thread/Can-I-get-a-loan-with-only-10-down-and-a-short-sale-2-years-ago/536927/ I had a short sale 2 years ago, our credit is good 700+ and we have about 10% down. Are there any places we can get a loan for a property in Contra costa county, ca? We had a decrease in income but it wasn't quite 20% like the Fha back to work program requires (we were st about 19%)<br \><br \>5 replies Thu, 17 Apr 2014 20:01:00 GMT http://www.zillow.com/advice-thread/Can-I-get-a-loan-with-only-10-down-and-a-short-sale-2-years-ago/536927/ 2014-04-17T20:01:00Z 3 years after short sale 10% down with 680credit in Sonoma County, CA? http://www.zillow.com/advice-thread/3-years-after-short-sale-10-down-with-680credit-in-Sonoma-County-CA/536737/ Hi, I'm self employed and 3 years out of the a short sale April 10, 2011. We've never been late on any payments or mortgages until recently 1x 30 day late with a car lease that was a clerical error on KIA and they have since corrected it but still have the 30 day late reported. Credit is now 650 from a 720, are there any loans out there not FHA? Looking for $680K loan amount in Sonoma County<br \><br \>8 replies Wed, 16 Apr 2014 17:18:00 GMT http://www.zillow.com/advice-thread/3-years-after-short-sale-10-down-with-680credit-in-Sonoma-County-CA/536737/ 2014-04-16T17:18:00Z Is it a good idea to refinance to remove the PMI? http://www.zillow.com/advice-thread/Is-it-a-good-idea-to-refinance-to-remove-the-PMI/536893/ I currently have a 3.75% APR 30 year fixed. My bank is asking me if I want to refinance my current mortgage in order to remove the PMI and get out of the FHA program. I am offered 4.5% APR, so my payment would go down from 2200.00 to 1995.00 a month, 30 gear fixed. Is it a good idea to do so. Can I have an advise please I will appreciate it. Thanks. Jose.<br \><br \>10 replies Thu, 17 Apr 2014 16:13:00 GMT http://www.zillow.com/advice-thread/Is-it-a-good-idea-to-refinance-to-remove-the-PMI/536893/ 2014-04-17T16:13:00Z Is it possible to put more than 3.5 on fha loan?? http://www.zillow.com/advice-thread/Is-it-possible-to-put-more-than-3-5-on-fha-loan/536848/ Looking to purchase a home for around 70k , n have 25% saved my credit score is 651, however I been told I am missing 9 points to qualify for conventional and to just go with fha n put only 3.5 down n save the rest of my money since only 3.5 is required , wouldn't it be better to put down 25% regardless??<br \><br \>7 replies Thu, 17 Apr 2014 08:17:00 GMT http://www.zillow.com/advice-thread/Is-it-possible-to-put-more-than-3-5-on-fha-loan/536848/ 2014-04-17T08:17:00Z Refinancing http://www.zillow.com/advice-thread/Refinancing/536899/ I'm posting it again because didn't know how to answer the question. Is it a good idea to refinance to remove the PMI? I currently have a 3.75% APR 30 year fixed. My bank is asking me if I want to refinance my current mortgage in order to remove the PMI and get out of the FHA program. I am offered 4.5% APR, so my payment would go down from 2200.00 to 1995.00 a month, 30 gear fixed. My questions to my bank: Is this 30 year fixed rate? Why is no money out of my pocket? how much am I refinancing if my loan balance is 307,481.80, are there going to be any fees that would be included on my new refinance amount. Answer: Yes there will be a minimal amount of 3rd party closing fees/charges&hellip;..appraisal,escrow,title,notary,processing,underwriting&hellip;&hellip;.around $ 2500.00&hellip;..so we will adjust your loan amount to $ 310,000.00. Thanks<br \><br \>7 replies Thu, 17 Apr 2014 16:43:00 GMT http://www.zillow.com/advice-thread/Refinancing/536899/ 2014-04-17T16:43:00Z Need a lender who will do a 2nd mortgage that closes concurrent with a seperate lender 1st mortgage http://www.zillow.com/advice-thread/Need-a-lender-who-will-do-a-2nd-mortgage-that-closes-concurrent-with-a-seperate-lender-1st-mortgage/536919/ I have a FHA loan that I'm trying to refinance into conventional loan to get rid of Mortgage Insurance. &nbsp;I need to find a lender that will do a 2nd mortgage up to $245,000 at 89% LTV, that can close concurrent with a separate lenders 1st mortgage. &nbsp;So far the lenders I've found that can do 2nd mortgages will only do it if they do the 1st aslo.<br/>&nbsp;<br/>Property Value $840,000<br/>1st Mortgage at Bank A $500,000 80% LTV<br/>2nd Mortgage at Bank B $245,000 89% LTV (Need a lender for this loan)<br/><br \><br \>1 reply Thu, 17 Apr 2014 18:35:00 GMT http://www.zillow.com/advice-thread/Need-a-lender-who-will-do-a-2nd-mortgage-that-closes-concurrent-with-a-seperate-lender-1st-mortgage/536919/ 2014-04-17T18:35:00Z Looking for lender for my Condo where association is under Litigation http://www.zillow.com/advice-thread/Looking-for-lender-for-my-Condo-where-association-is-under-Litigation/536844/ Hello, <br/>I am looking to refinance my investment property which is rented out. The property value is around 500k, and loan amount is 300k, not looking for any cash out. I am looking to do a 15 yr fixed, preferably with no cost. The Condo association is under litigation because there were some minor water leaks in 20 out of 200 condos, and the Management company has sued the Builder and thus the litigation. There is no issue with my property though.<br/>So looking for lenders who can lend in such situation.<br/>Thanks<br/>Ryan<br \><br \>4 replies Thu, 17 Apr 2014 07:25:00 GMT http://www.zillow.com/advice-thread/Looking-for-lender-for-my-Condo-where-association-is-under-Litigation/536844/ 2014-04-17T07:25:00Z How of I find out if I have equity on my property for a loan http://www.zillow.com/advice-thread/How-of-I-find-out-if-I-have-equity-on-my-property-for-a-loan/536785/ 4 replies Wed, 16 Apr 2014 22:15:00 GMT http://www.zillow.com/advice-thread/How-of-I-find-out-if-I-have-equity-on-my-property-for-a-loan/536785/ 2014-04-16T22:15:00Z Seeking a lender that can do alternative doc qualification based on bank statements http://www.zillow.com/advice-thread/Seeking-a-lender-that-can-do-alternative-doc-qualification-based-on-bank-statements/536744/ I'm self employed with rental income. Looking for 200k to purchase land. Could come from a cash out refi or second mortgage on either income property or primary residence (have the equity). Tax returns would not qualify but bank statements should. Excellent credit.<br \><br \>2 replies Wed, 16 Apr 2014 18:14:00 GMT http://www.zillow.com/advice-thread/Seeking-a-lender-that-can-do-alternative-doc-qualification-based-on-bank-statements/536744/ 2014-04-16T18:14:00Z Is Fremont Bank's no closing cost, 4.875% 30 yr fixed loan sounds alright ? http://www.zillow.com/advice-thread/Is-Fremont-Bank%27s-no-closing-cost-4-875-30-yr-fixed-loan-sounds-alright/502366/ <p>hi,&nbsp;<br/>I already have one primary residence and three investment properties. All mortgages at 4% or under with Fremont Bank. I am now buying the fifth property with 25% downpayment for investment. Fremont Bank offered 4.875%, no closing cost loan, this rate is significantly higher, can I qualify for a lower rate, if yes, how low are the rates ?</p><br \><br \>6 replies Wed, 17 Jul 2013 19:03:00 GMT http://www.zillow.com/advice-thread/Is-Fremont-Bank%27s-no-closing-cost-4-875-30-yr-fixed-loan-sounds-alright/502366/ 2013-07-17T19:03:00Z Jumbo load CA 80/10/10 http://www.zillow.com/advice-thread/Jumbo-load-CA-80-10-10/536547/ We need a jumbo loan with credit of 680-690 CA on a 80/10/10 structure - need loan quickly! Advice?<br \><br \>6 replies Tue, 15 Apr 2014 17:04:00 GMT http://www.zillow.com/advice-thread/Jumbo-load-CA-80-10-10/536547/ 2014-04-15T17:04:00Z