You will need to have a middle credit score of 620 or better for an FHA mortgage. Additionally, this is for single-family residences and you have to have two months of mortgage … [Read More…]
How do I use the Delayed Financing Rule ?
I am currently in Florida, in a closing debacle with Suntrust Mortgage and want to cash out our savings and just close the home purchase and be done with the process, then … [Read More…]
My loan is through Freddie Mac, why do need I cash to close on my HARP 2 Refinance?
What steps can be taken if the mortgage is now Freddie Mac? Cenlar services the loan but doesn’t do refinancing. I tried Quicken Loans but they wanted me to come out of … [Read More…]
How can I get my credit score up to get a mortgage?
People thinking they can qualify for mortgage loan financing, learn after their credit report is pulled their credit score has dropped and they either cannot get the interest rate they were hoping … [Read More…]
Why is My Home Loan Rate 3.5%, but my APR is 3.793
The difference in the interest rate and the annual percentage rate is the spread expressed as a dollar finance over the life of the loan. The aPR is always going to be … [Read More…]
Should I get a mortgage rate quote for a refinance from my current lender?
Many Big mortgage lenders who service loans and originate loans such as Citibank, Wells Fargo Bank of America etc. will many times offer sales promotions to their loan servicing channel. If you … [Read More…]
Did Your Adjustable Rate Mortgage Reset? Directions to Mortgage Payment Clarity
In the last several years, many homeowners looking to take advantage of a lower monthly mortgage payments took out adjustable-rate mortgages to purchase or refinance their homes. As both mortgage rates and … [Read More…]
Why Can't I Get The Refi Mortgage Rate I Saw In The News?
“Why can’t I get the mortgage rate for my refinance I saw in the news?” This question is asked on a daily basis. When you as a homeowner have a mortgage and … [Read More…]
