Archive for July, 2009
Fha Mortgage Approval With Negative Transactions On Bank Account?
Any experienced mortgage professionals out there? I’m new and have a buyer who is just about to close on a home with a 30yr fixed loan. (FHA) Everything was fine until we requested updated bank statements. There are negative transactions in his account. He says it was a one time occurance. [...]
Are These Closing Costs Excessive For An Fha Mortgage Refinance?
OK, are these numbers too high, or am I just being overly cautious. My current loan is at 6.375% and has a balance of $97,5000. My mortgage company is offering me a new 30 year loan at 5.5% (or lower), but the new loan would be for $103K. They are telling me the closing costs [...]
Is Fha Mortgage Insurance Tax Deductible?
Please note that I am not talking about private mortgage insurance; I am talking about mutual mortgage insurance provided by an FHA loan.
Will The Garnish My Paycheck Or Take My Tax Returns In Oklahoma For An Fha Mortgage Foreclosure Debt?
My FHA mortgage is in the process of foreclosure. Can they garnish my paycheck or take my state or federal tax return for the foreclosure debt? Does the mortgage insurance I paid help at all, since it was an FHA loan. Please help!!
I Am Trying To Refi My Adjustable Rate Mortgage. Am I Eligible For An Fha Mortgage?
Unfortunately I am at about a 78% Loan to Value because of my low appraisal and I do not want to pay for mortgage insurance. Can I do an FHA instead? I am current on my payments, make $40k per year and live in Colorado.
Can I Use This As Some Of Our Downpayment With An Fha Mortgage Loan?
My husband and I were both going to cash out a week’s vacation at our jobs. Almost $1500. This is to help us come up with cash for our down payment for our FHA mortgage. Is this allowable. I know they have to TRACK our income so they know where it’s coming from. Is that [...]
What Are The Advantages/disadvantages Of Fha Mortage Vs Conventional Mortgage?
If I have a low credit score, but parents are fronting 20% of the downpayment for a new home – mortgage broker is suggesting applying for an FHA mortgage.
Is An Fha Loan Cheaper With Mortgage Broker Or Credit Union?
Or does it not matter who I go with. Just trying to decide who would be better to go with for an FHA mortgage.
What Are The Current Fha Mortgage Rates?
Also, what are the pros and cons of an FHA mortgage?
Can I Rent My Home If I Have An Fha Mortgage On It?
My home has been on the market for almost a year (OH is very slow market right now). I am considering renting it to offset my mortgage expenses, but am unsure if there are restrictions because I’m financed FHA that prevent that. Also, would I need to change my homeowners insurance?
