Zillow Advice RSS: Question-Discussion-Guide,Mortgage Types,NJ http://www.zillow.com/advice/NJ/mortgage-mortgage-types/question-discussion-guide/mortgage/?s=0 Zillow Advice search results | Zillow Real Estate Police and Fireman Mortgage Rates now at 4.77% Fixed-30 Yr. http://www.zillow.com/advice-thread/Police-and-Fireman-Mortgage-Rates-now-at-4-77-Fixed-30-Yr/277190/ Can be used for Purchase,Construction and/or <a href="http://www.zillow.com/refinance/">Refinancing</a> of Primary Residence -anyone&nbsp;recently use these <a href="http://www.zillow.com/mortgage/">mortgage</a> Funds??How did it go?<br \><br \>3 replies Thu, 10 Sep 2009 00:13:00 GMT http://www.zillow.com/advice-thread/Police-and-Fireman-Mortgage-Rates-now-at-4-77-Fixed-30-Yr/277190/ 2009-09-10T00:13:00Z Looking for a mortgage with 20% down for a 2 family investment property http://www.zillow.com/advice-thread/Looking-for-a-mortgage-with-20-down-for-a-2-family-investment-property/537050/ I want to purchase a 2 family home as an investment property in NJ but only have 20% down.&nbsp; Where can I get a mortgage with that loan to value ratio?&nbsp; Any ideas?<br \><br \>8 replies Fri, 18 Apr 2014 19:32:00 GMT http://www.zillow.com/advice-thread/Looking-for-a-mortgage-with-20-down-for-a-2-family-investment-property/537050/ 2014-04-18T19:32:00Z Are there any banks that currently provide 80 15 5 mortgage loans? http://www.zillow.com/advice-thread/Are-there-any-banks-that-currently-provide-80-15-5-mortgage-loans/227318/ Assuming primary home, most second <a href="http://www.zillow.com/mortgage/">mortgages</a> have limits to 80% or 75% loan to value(LTV) or combined loan to value(CLTV) when combined with a 1st <a href="http://www.zillow.com/mortgage/">mortgage</a>. a few conventional lenders are offering 95% one loan with PMI. Otherwise&nbsp;goverment <a href="http://www.zillow.com/mortgage/">loans</a> would be your next options for 5% equity or investment<br \><br \>0 replies Fri, 24 Apr 2009 01:12:00 GMT http://www.zillow.com/advice-thread/Are-there-any-banks-that-currently-provide-80-15-5-mortgage-loans/227318/ 2009-04-24T01:12:00Z Pros & Con of the Fannie Homestyle loan...? http://www.zillow.com/advice-thread/Pros-Con-of-the-Fannie-Homestyle-loan/219689/ ...leads from an earlier question about having enough money at purchase to cover both <a href="http://www.zillow.com/mortgage/">mortgage</a> and renovations (<em>not livable conditions</em>) on new home.<br \><br \>0 replies Sun, 05 Apr 2009 13:20:00 GMT http://www.zillow.com/advice-thread/Pros-Con-of-the-Fannie-Homestyle-loan/219689/ 2009-04-05T13:20:00Z FHA vs. jumbo http://www.zillow.com/advice-thread/FHA-vs-jumbo/520682/ Go with a conventional product. FHA has Mortgage Insurance for the LIFE OF THE LOAN now-no matter what. So put your 15% down and pay down the principle so you have 20% equity ASAP and then your PMI will all off-saving you tons of money. Plus there is no funding fee with a conventional product-as there is with FHA loans.<br/>Over time the FHA absolutely WILL cost you more.<br \><br \>0 replies Tue, 03 Dec 2013 15:48:00 GMT http://www.zillow.com/advice-thread/FHA-vs-jumbo/520682/ 2013-12-03T15:48:00Z How much mortgage can we get? http://www.zillow.com/advice-thread/How-much-mortgage-can-we-get/441987/ I would like to try to get a FHA loan and put 5% down OR IDEALLY attempt to get a traditional loan with 10% down. Will we get approved for either and if so, for how much?&nbsp;my income-30k (more in cash), 686 fico (will be over 700 by the time we buy in october, i just opened some new accounts and it dropped), 1k in cc debt, no other loans or debt. steady work history at same job for over 5 yrs. Fiances income-33k(more in cash), 582 fico (we are working on it), $4,700 in student loans w/ $75 a month payment, same job for 10 plus yrs.<br \><br \>6 replies Tue, 08 May 2012 16:40:00 GMT http://www.zillow.com/advice-thread/How-much-mortgage-can-we-get/441987/ 2012-05-08T16:40:00Z Conventional Loan 5% Down http://www.zillow.com/advice-thread/Conventional-Loan-5-Down/477127/ Good time to get pre-approved as counting both PITI mortgage payments, condo fee, other debts, MI approval,&nbsp;and 2 month reserves on each property will be part of approval process.<br \><br \>0 replies Mon, 04 Feb 2013 01:50:00 GMT http://www.zillow.com/advice-thread/Conventional-Loan-5-Down/477127/ 2013-02-04T01:50:00Z What Mortgage type for second house that will become primary residence? http://www.zillow.com/advice-thread/What-Mortgage-type-for-second-house-that-will-become-primary-residence/427413/ What type of <a href="http://www.zillow.com/mortgage-rates/">mortgage</a> should we look for when we will be turning our Primary residence into an Rental. It is a <a href="http://www.zillow.com/fha-loan/">FHA Loan</a> that we purchased in 2006 in NJ. We want to make this a rental and purchase a larger home for our family. The market in our area is not good for selling but the buying prices are perfect. Therefore we want to be able to rent our current home and found a house we love that is available right away. We are unsure what type of mortgage we need to do this properly.<br \><br \>3 replies Mon, 02 Jan 2012 21:30:00 GMT http://www.zillow.com/advice-thread/What-Mortgage-type-for-second-house-that-will-become-primary-residence/427413/ 2012-01-02T21:30:00Z What is the best option for a short term home loan that will be paid off in two years? http://www.zillow.com/advice-thread/What-is-the-best-option-for-a-short-term-home-loan-that-will-be-paid-off-in-two-years/333975/ Without more information, it's difficult to give you an answer that may best meet your needs.<br/><br/>As short a term as you intend to keep the mortgage, my concern would be not necessarily the type of <a href="http://www.zillow.com/mortgage/">loan</a> program (30-year fixed vs. 3/1 ARM, for example) but rather HOW much are you paying for this short-term loan in closing costs, specifically when paired with your personal situation (e.g., do you have other options, etc.)<br/><br/>However, if you are CERTAIN you will be in this home less than 2-years, I would initially suggest a 3-year arm, but please keep in mind, that a true <a href="http://www.zillow.com/mortgage/">mortgage</a> professional should assess all your needs/goals while advising you.<br/><br/>Hope that helps!<br \><br \>0 replies Mon, 15 Mar 2010 16:52:00 GMT http://www.zillow.com/advice-thread/What-is-the-best-option-for-a-short-term-home-loan-that-will-be-paid-off-in-two-years/333975/ 2010-03-15T16:52:00Z How can I find out whose name is on a mortgage? http://www.zillow.com/advice-thread/How-can-I-find-out-whose-name-is-on-a-mortgage/473474/ 5 replies Mon, 07 Jan 2013 19:39:00 GMT http://www.zillow.com/advice-thread/How-can-I-find-out-whose-name-is-on-a-mortgage/473474/ 2013-01-07T19:39:00Z when buying a home can you get a mortgage that includes repairs and remodeling to the home? http://www.zillow.com/advice-thread/when-buying-a-home-can-you-get-a-mortgage-that-includes-repairs-and-remodeling-to-the-home/384699/ I am looking to buy a home that is a fixer upper. &nbsp;The Zillow value is $360K but will sell for $300. &nbsp;The home need a new kitchen, bathroom and general updating. &nbsp;I would cost about 100K to do this; of course this would add some value to the home. &nbsp;Will a mortgage company give a loan for the $400K less a 10% deposit? &nbsp;or will they only give a loan for the $300K. &nbsp;I am in NJ if this makes any difference.<br \><br \>9 replies Sat, 05 Feb 2011 17:43:00 GMT http://www.zillow.com/advice-thread/when-buying-a-home-can-you-get-a-mortgage-that-includes-repairs-and-remodeling-to-the-home/384699/ 2011-02-05T17:43:00Z How can I find out whose name is on a mortgage? http://www.zillow.com/advice-thread/How-can-I-find-out-whose-name-is-on-a-mortgage/473475/ 2 replies Mon, 07 Jan 2013 19:40:00 GMT http://www.zillow.com/advice-thread/How-can-I-find-out-whose-name-is-on-a-mortgage/473475/ 2013-01-07T19:40:00Z Mortgage Advice | Hoboken, New Jersey http://www.zillow.com/advice-thread/Mortgage-Advice-Hoboken-New-Jersey/542380/ Hi Dan,<br/><br/>Looks like you have received a lot of good advice.&nbsp; I would focus on that credit score as that will be a factor on obtaining the mortgage that you want.&nbsp; Another strategy is to make a one time payment for the mortgage insurance either upfront or have it financed and I can help with that.&nbsp; Again credit will be a consideration.&nbsp; You also were correct that the rates do fluctuate because you have a second loan which still poses risk to the lender which translates into higher rates for you.&nbsp; Also consider that if you can put a little more down say 15% the mortgage insurance premium on the loan will also be lower again.&nbsp; You can reach me at my profile and I can certainly send you a pmi chart to where you have the information and then make the decision from there.&nbsp;<br \><br \>0 replies Tue, 22 Jul 2014 22:53:00 GMT http://www.zillow.com/advice-thread/Mortgage-Advice-Hoboken-New-Jersey/542380/ 2014-07-22T22:53:00Z We have a VA Home Loan and want to purchase a second home, our first loan was 170K, we only owe 77K http://www.zillow.com/advice-thread/We-have-a-VA-Home-Loan-and-want-to-purchase-a-second-home-our-first-loan-was-170K-we-only-owe-77K/475125/ Talk to a loan officer or mortgage broker and let them decide if you can qualify for another loan while still owning the one you have. You won't be able to get another VA loan as long as you have that one, but you might qualify for another loan if credit, income and debts are inline. Only a lender will be able to tell you for sure.<br/><br/>tim<br \><br \>0 replies Sun, 20 Jan 2013 20:47:00 GMT http://www.zillow.com/advice-thread/We-have-a-VA-Home-Loan-and-want-to-purchase-a-second-home-our-first-loan-was-170K-we-only-owe-77K/475125/ 2013-01-20T20:47:00Z I am trying to find best mortgage for my situation.... http://www.zillow.com/advice-thread/I-am-trying-to-find-best-mortgage-for-my-situation/402250/ I have a house and my parents also have a house. We owe a total of 90,000 between the two with one being valued at 142,500 and the other being valued at 135,000. The house that is valued at 142,500 we would like to add a second story that would cost us 90,000. We are trying to figure out the best situation for us....<br \><br \>5 replies Wed, 08 Jun 2011 00:42:00 GMT http://www.zillow.com/advice-thread/I-am-trying-to-find-best-mortgage-for-my-situation/402250/ 2011-06-08T00:42:00Z 80-15-5 Loan in NJ?? http://www.zillow.com/advice-thread/80-15-5-Loan-in-NJ/404745/ Tania...An Lender Paid MI loan may be worth looking at given the historically low rates we are at. Plus I have not seen many banks up here that offer second mortgages to that CLTV.&nbsp; If you would like to explore your options, please feel free to contact me through my profile.<br \><br \>0 replies Thu, 23 Jun 2011 20:44:00 GMT http://www.zillow.com/advice-thread/80-15-5-Loan-in-NJ/404745/ 2011-06-23T20:44:00Z Any lenders who can provide a piggyback mortgage (80-10-10) in NJ http://www.zillow.com/advice-thread/Any-lenders-who-can-provide-a-piggyback-mortgage-80-10-10-in-NJ/525960/ Im currently about to sign my contract and am looking for lenders in the NJ area who will do piggyback mortgages in order to get rid of the PMI payments. <br/><br/><br \><br \>5 replies Sun, 26 Jan 2014 15:35:00 GMT http://www.zillow.com/advice-thread/Any-lenders-who-can-provide-a-piggyback-mortgage-80-10-10-in-NJ/525960/ 2014-01-26T15:35:00Z Is it possble to get a mortgage in New Jersey for 85% of the purchase price? http://www.zillow.com/advice-thread/Is-it-possble-to-get-a-mortgage-in-New-Jersey-for-85-of-the-purchase-price/231864/ Thansk for the responses so far. Yes it will be my primary residence.<br \><br \>2 replies Wed, 06 May 2009 15:55:00 GMT http://www.zillow.com/advice-thread/Is-it-possble-to-get-a-mortgage-in-New-Jersey-for-85-of-the-purchase-price/231864/ 2009-05-06T15:55:00Z Is it possible to get a mortgage in NJ for 85% of the value of the house? http://www.zillow.com/advice-thread/Is-it-possible-to-get-a-mortgage-in-NJ-for-85-of-the-value-of-the-house/231812/ Thanks for the responses. No i have not been turned down for a <a href="http://www.zillow.com/mortgage/">mortgage</a>. I am trying to find out if in the state of NJ, a 20% down payment was the norm or you could put 15% down and still get a <a href="http://www.zillow.com/directory/lenders/">lender</a> to provide a mortgage. My credit scores are&nbsp;771 (Equifax), 764( Experian) and 776(Trans Union). My monthly gross income is $13000 and my monthly linabilities are $780. Is this enough information for a more accurate advice<br \><br \>2 replies Wed, 06 May 2009 14:14:00 GMT http://www.zillow.com/advice-thread/Is-it-possible-to-get-a-mortgage-in-NJ-for-85-of-the-value-of-the-house/231812/ 2009-05-06T14:14:00Z Geting rid of PMI http://www.zillow.com/advice-thread/Geting-rid-of-PMI/446039/ FHA requires mortgage ins. remain for min. of 5 yrs, so obviously your option would be to refinance to a conventional loan. As Joe mentioned, even if you were a little short on the 20% equity the MI for 85% LTV would be about $75 monthly.&nbsp; With today's low rates you could get a rate that would pay all of your closing cost which would keep from increasing loan amount.<br \><br \>0 replies Fri, 08 Jun 2012 16:09:00 GMT http://www.zillow.com/advice-thread/Geting-rid-of-PMI/446039/ 2012-06-08T16:09:00Z