You have a couple problems, your credit score is quite low, yet your fiance's income is not high enough to get a large loan. I think one of the detyermining factors in deciding whther or not to apply together or separately is, what size of a loan will you be trying to get? If you are trying to get a large loan, you will need to apply together, even if it makes the approval process more difficult. Your best option is to contact a local lender and see with your DTI (Debt To Income ratio) would be with just your fiance and go from there
Yes the loan can be resubmitted to underwriting for review once the proper documents are gathered that make any corrections addressing why it was originally denied.
That is impossible to answer on zillow. It all depends on what you owe on your home versus what your home is worth at this moment. Many people who purchased homes 5 years ago actually owe more than their homes are worth now. It all depends on your market
You should contact a local, reputable lender and have them look into your situation. Many large lenders don't look past many of the easy refinancing programs, such as HARP and ignore all other customers. have someone look into refinancing your home and see if it is something you are in a position to do. best of luck
get in touch with a local lender first. Then you will know what you can afford and what your monthly payment will look like. You dont want to go to a realtor first and find out the homes you look at are out of your price range for whatever reason. they will pre-approve you for a loan amount and then you can start looking. A good mortgage professional should also be able to recommend a real estate agent in your area.
I would recommend looking on zillow for some local lenders that may specialize in manufactured homes. We do many man home loans, but we do not work in NY. Best of luck finding a lender
This shouldn't be a problem as long as he can document where the money is from (IE bank statements from the account its in). As long as he states it is a gift to you and needn't be paid back by you, it should be fine.
There a lot more factors that determine your fees than what you listed. What is your credit score? What type of loan is it? The best way to find out how competitive that quote is, get more than one quote and work with you you feel the most comfortable with.
That is correct, Augustus.
You need to contact a local reputable lender and look into a "non-occupant co-borrower". There are lenders that will allow for that with restrictions.