danielki's Advice

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  • 11 Contributions
  • 0 Best Answers
  • 1 Helpful

danielki wrote:

Have a house that is paid for. Have renters that pay $800.00 per month.LOoking to get a equity loan?

Answer
I thought equity loans were for primary residences only.Could he not get an investment property loan?He didn't say he didn't have a "score" What is "so so credit"?
March 18 2010
(0)

Was there or is there a way to use th $8000 as a down payment on an FHA purchase?

Answer
Actually the problem is finding a LENDER who will loan the money upfront first. Nobody wants to.
March 11 2010
(0)

selling my home

Answer
I'm not a realtor, but would't doing a market analysis for every house in the entire US be quite time consuming? We could then eliminate appraisers also.
March 05 2010
(1)

Is age discrimination present in mortgage loans? I added a 90 year co - borrower

Answer
My debt to income ratio is fine if I was allowed to use rental income from renting out my current home . The IRS will certainly count it!
February 26 2010
(0)
Is age discrimination present in mortgage loans? I added a 90 year co - borrower
My loan application was turned down by an underwriter due to the debt to income ratio being to high, although I was approved through the AUS. I added my 90 yr old aunt as a co-buyer, and am now being almost ignored after 6 plus weeks of adding her. She is on SS, no bills, and a 800 plus credit score. What do I do? This is a FHA loan.
February 26 2010
(0)

Can I dispute an FHA appraisal if the appraiser listed my house as a 4 brm and it is a 5 brm?

Answer
  Do any of your bedrooms have to walked through another bedroom to enter it? I have a "3" bedroom, but the appraiser listed it as a 2 bedroom for that reason.I have a bathroom in a somewhat finished basement he didn't count. I don't know if he missed it or not.How can I dispute that? I e-mailed the appraiser long ago with no response. I brought it to the lender's attention with no response.
February 10 2010
(0)

Mortgage Rates Creeping Back Up?

Response
What "day are you referring to? Not this week!
February 05 2010
(0)