Zillow Advice RSS: Question-Discussion-Guide,Mortgage Types,CT http://www.zillow.com/advice/CT/mortgage-mortgage-types/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate what are typical pmi on 150000 mortgage http://www.zillow.com/advice-thread/what-are-typical-pmi-on-150000-mortgage/542161/ 4 replies Fri, 23 May 2014 12:34:00 GMT http://www.zillow.com/advice-thread/what-are-typical-pmi-on-150000-mortgage/542161/ 2014-05-23T12:34:00Z Can our parents buy a second home and allow us to use it as our primary residence? http://www.zillow.com/advice-thread/Can-our-parents-buy-a-second-home-and-allow-us-to-use-it-as-our-primary-residence/541918/ We are currently unable to qualify for a loan as small business owners. &nbsp;However, we are able to put down between 30-40% (depending on the price range of the home) and can afford the monthly payments.<br/><br/>After exhausting many options, we have become interested in the option of one of our parents purchasing a home as their second residence. &nbsp;We would live in it as our primary. &nbsp;Is this legal in the state of CT? &nbsp;We have gotten mixed responses. &nbsp;<br/><br/>Some banks/lenders are willing to process the loan without question, while others tell us that they would need to process it as an investment property which would carry higher fees/percentages, etc. &nbsp;<br/><br/>Has anyone dealt with this scenario before? &nbsp;<br/><br/>Thank you in advance for any advice or answers!&nbsp;<br/><br/><br/>&nbsp;&nbsp;<br \><br \>10 replies Wed, 21 May 2014 22:28:00 GMT http://www.zillow.com/advice-thread/Can-our-parents-buy-a-second-home-and-allow-us-to-use-it-as-our-primary-residence/541918/ 2014-05-21T22:28:00Z Are there financing options for a 90 LTV Jumbo Loans in Fairfield County Connecticut? http://www.zillow.com/advice-thread/Are-there-financing-options-for-a-90-LTV-Jumbo-Loans-in-Fairfield-County-Connecticut/510117/ 10 replies Thu, 05 Sep 2013 19:07:00 GMT http://www.zillow.com/advice-thread/Are-there-financing-options-for-a-90-LTV-Jumbo-Loans-in-Fairfield-County-Connecticut/510117/ 2013-09-05T19:07:00Z What would be my best option to obtain a mortgage with a foreclosure? http://www.zillow.com/advice-thread/What-would-be-my-best-option-to-obtain-a-mortgage-with-a-foreclosure/520577/ Here is my situation and I am hopeful that someone here can provide a positive solution -&nbsp;<br/><br/>A few years ago, my wife had lost has job. &nbsp;By the time she got another job (2/09) after about 3.5 years, our finances and credit were in shambles and we had used all kids' college savings, etc and had to file for bankruptcy in August of 2009. &nbsp;After this, things were okay until our second child started college and it is impossible to get a parent loan with a bankruptcy so I started paying college bills by delaying mortgage bills. &nbsp;At this point, our current house is in foreclosure (and worth about $150,000 less than what is owed on it) and the bank informed us on Wednesday that they won't modify the loan and while I have advised my attorney of this, I am looking at the following options if this house is foreclosed:<br/><br/>1. Rent a home?, OR<br/>2. Buy a home under my daughter's name? OR<br/>3. Is there a way for me to get a mortgage loan?<br/><br/>Any honest and accurate feedback would be greatly appreciated.<br/><br/>Thank you.<br/><br/><br/><br \><br \>7 replies Mon, 02 Dec 2013 18:22:00 GMT http://www.zillow.com/advice-thread/What-would-be-my-best-option-to-obtain-a-mortgage-with-a-foreclosure/520577/ 2013-12-02T18:22:00Z What is my best option? http://www.zillow.com/advice-thread/What-is-my-best-option/479568/ Hello,<br/><br/>I am current homeowner (for approx. 6 years and 9 months) of a one-bedroom condo with an FHA mortgage through Franklin American. &nbsp;My girlfriend and I (including her son) are looking to purchase a bigger house and move in together. &nbsp;However, my current condo is underwater and I have already utilized FHA streamline refinancing in August 2012 to lower my mortgage payments. &nbsp;I cannot get another FHA loan due to not having the required 75% LTV ratio (according to my mortgage lender) and obviously cannot sell without taking a loss on the condo itself. &nbsp;Are there any programs that will allow me to rent my current property and obtain another mortgage (preferably another FHA or USDA) that will allow us the buying power to purchase another house? &nbsp;I have explored many options (HERO program, etc) but find a roadblock every time. &nbsp;What would be my best course of action here? &nbsp;<br \><br \>5 replies Thu, 21 Feb 2013 14:42:00 GMT http://www.zillow.com/advice-thread/What-is-my-best-option/479568/ 2013-02-21T14:42:00Z Looking to purchase new home for 670k, have 10% down. Is there a loan out there that will work? http://www.zillow.com/advice-thread/Looking-to-purchase-new-home-for-670k-have-10-down-Is-there-a-loan-out-there-that-will-work/477454/ I am in a bind, have a house for sale currently but need to close on new house by the end of march or i have to pay&nbsp;penalties&nbsp;from the builder (toll bros). Ideally the loan will be short term, unit the house sells and then I would refinance with a substantial down payment.&nbsp;<br \><br \>5 replies Wed, 06 Feb 2013 01:53:00 GMT http://www.zillow.com/advice-thread/Looking-to-purchase-new-home-for-670k-have-10-down-Is-there-a-loan-out-there-that-will-work/477454/ 2013-02-06T01:53:00Z Would a higher down payment help as I have a lawsuit that is settling on 6/29/2012 http://www.zillow.com/advice-thread/Would-a-higher-down-payment-help-as-I-have-a-lawsuit-that-is-settling-on-6-29-2012/446786/ would&nbsp;a rent to own be a consideration with a good downpayment?<br \><br \>1 reply Thu, 14 Jun 2012 10:20:00 GMT http://www.zillow.com/advice-thread/Would-a-higher-down-payment-help-as-I-have-a-lawsuit-that-is-settling-on-6-29-2012/446786/ 2012-06-14T10:20:00Z How do I purchase an house "under construction" (construction has stopped) without 20% down? http://www.zillow.com/advice-thread/How-do-I-purchase-an-house-under-construction-construction-has-stopped-without-20-down/432686/ My wife and I are looking to purchase a home where a builder has run out of money and cannot finish the house. &nbsp;We are hoping to purchase the house and also have money to finish the construction. &nbsp;The house is about 80% complete. &nbsp;We do not have 20% down. &nbsp;<br \><br \>2 replies Wed, 22 Feb 2012 18:40:00 GMT http://www.zillow.com/advice-thread/How-do-I-purchase-an-house-under-construction-construction-has-stopped-without-20-down/432686/ 2012-02-22T18:40:00Z Jumbo loan with no downpayment http://www.zillow.com/advice-thread/Jumbo-loan-with-no-downpayment/428985/ I am a physician completing my training but due to the low salary paid during training I do not have a down payment saved.&nbsp; Otherwise my income would support a nonconforming loan.&nbsp; Because of the <a href="http://www.zillow.com/mortgage-rates/">mortgage</a> meltdown it now seems the no- or low-down payment programs for jumbo <a href="http://www.zillow.com/mortgage-rates/">loans</a> are gone.&nbsp; Anyone obtain this type of <a href="http://www.zillow.com/mortgage-rates/">loan</a> recently?<br \><br \>1 reply Mon, 16 Jan 2012 22:09:00 GMT http://www.zillow.com/advice-thread/Jumbo-loan-with-no-downpayment/428985/ 2012-01-16T22:09:00Z What can I do to get more (or better) quotes for my loan request ZR-WNQRSWG http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-WNQRSWG/414467/ 1 reply Tue, 06 Sep 2011 02:23:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-WNQRSWG/414467/ 2011-09-06T02:23:00Z Where to get unconventional mortgages?? http://www.zillow.com/advice-thread/Where-to-get-unconventional-mortgages/367272/ <strong>I have been renting a home for 5 yrs now&nbsp;that is listed with town hall as a modified/manufactured&nbsp;home but it is on a&nbsp;concrete foundation with a full basement with laundry and appliances in it&nbsp;(it&nbsp;is built&nbsp;originally off a&nbsp;permanently stationed Woodlin camper in 1958 with two rooms built off it all on a foundation so it looks totally like a house from teh outside&nbsp;and&nbsp;is stand alone not in a park) and the land is owned with it. I want to buy this home from the owner. Who mortgages homes like this? (There's two of these on separate parcels. My friend is interested in purchasing the other. )</strong><br \><br \>5 replies Wed, 22 Sep 2010 13:55:00 GMT http://www.zillow.com/advice-thread/Where-to-get-unconventional-mortgages/367272/ 2010-09-22T13:55:00Z Just wondering if there are 30 year fixed with only 10% down these days? http://www.zillow.com/advice-thread/Just-wondering-if-there-are-30-year-fixed-with-only-10-down-these-days/325520/ Just trying to do some math on a house that needs updating. instead of 20% down only putting 10% down and spending the other 10% on updating the house.<br \><br \>12 replies Wed, 17 Feb 2010 04:24:00 GMT http://www.zillow.com/advice-thread/Just-wondering-if-there-are-30-year-fixed-with-only-10-down-these-days/325520/ 2010-02-17T04:24:00Z what is an ARM on a mortgage mean? http://www.zillow.com/advice-thread/what-is-an-ARM-on-a-mortgage-mean/232445/ 7 replies Thu, 07 May 2009 19:32:00 GMT http://www.zillow.com/advice-thread/what-is-an-ARM-on-a-mortgage-mean/232445/ 2009-05-07T19:32:00Z We had a short sale almost 3yrs. ago, how long do we need to wait to maybe qualify for a FHA loan http://www.zillow.com/advice-thread/We-had-a-short-sale-almost-3yrs-ago-how-long-do-we-need-to-wait-to-maybe-qualify-for-a-FHA-loan/189077/ 2 replies Fri, 16 Jan 2009 18:37:00 GMT http://www.zillow.com/advice-thread/We-had-a-short-sale-almost-3yrs-ago-how-long-do-we-need-to-wait-to-maybe-qualify-for-a-FHA-loan/189077/ 2009-01-16T18:37:00Z What is a repair loan, restrictions and which banks are offering it? http://www.zillow.com/advice-thread/What-is-a-repair-loan-restrictions-and-which-banks-are-offering-it/193806/ Hi there,<br/><br/>I'm looking for help and more information on repair <a href="http://www.zillow.com/mortgage/">loans</a>, we are looking at a property that had been fire damaged. When I called the bank they told me that I will have to take repair/reconstruction <a href="http://www.zillow.com/mortgage/">loan</a>, it was WF Bank. In any case, can anyone explain to me the possibility of such a loan, requirements of the contractor and terms. At the same time which banks are offering them.<br/><br/>Thanks a lot,<br/>Jerry <br/><br \><br \>1 reply Thu, 29 Jan 2009 19:19:00 GMT http://www.zillow.com/advice-thread/What-is-a-repair-loan-restrictions-and-which-banks-are-offering-it/193806/ 2009-01-29T19:19:00Z if a chapter 13 is dismissed and you had a short sale for the property can you buy again? http://www.zillow.com/advice-thread/if-a-chapter-13-is-dismissed-and-you-had-a-short-sale-for-the-property-can-you-buy-again/189266/ with a <a href="http://www.zillow.com/fha-loan/">FHA loan</a>, how long do you have to wait?? Is it best just to keep renting??<br \><br \>1 reply Sat, 17 Jan 2009 03:43:00 GMT http://www.zillow.com/advice-thread/if-a-chapter-13-is-dismissed-and-you-had-a-short-sale-for-the-property-can-you-buy-again/189266/ 2009-01-17T03:43:00Z