We own a lot in a rapidly gentrifying neighborhood. Its value has tripled since we bought it; at this point we could sell it for $100k if we wanted to. We don't want to sell it. We want to build a 500 square foot house on it. We already paid for the permits, saved up the money, and now it's looking like we might fall $10k-$20k short on the total cost to build. Neither of us is employed. Given our extended explanation, how do we make this happen? [more inside]
First time home buyer. Totally confused and stressed out! I was pre-approved for a loan that includes a CalHFA down payment assistance loan. (I'm in California, natch, Alameda County). We went into contract last week and now my mortgage broker is asking me to collect a bunch of paperwork and she told me I need to do an educational class for my CalHFA loan. So I start researching these loans a little more closely, and I think I'm over the income limit. Now... What? [more inside]
Trying to buy a house. Have money for a down payment, but I'm self-employed and was turned down for a traditional loan. My parents are willing to lend me the money I'd need for the balance, and have me pay them back with interest, á la a mortgage loan. Is this doable? [more inside]
We are about to apply for a home equity line of credit. The guy at the bank already ran our credit and verified rates and eligibility. I'm also about to change jobs. What should I do about the loan? [more inside]
My girlfriend and I are trying to get a home loan together. She has good credit, mine is apparently less than good (we were already denied by one lender). Is it possible to apply for loans using only her name, but still include the income I would contribute? Is this a terrible idea?
Is it possible to purchase a home with an FHA loan, rehabilitate it, and then rent it out? Also - what's it like to make an independent entry into the rental home market? [more inside]
My house is worth $100K less than I bought it for. I have trouble making payments. Is there anything i can do? [more inside]
Home Loans Question: How can we possible afford the mortgage on a 500k house with only ten percent down? [more inside]
Just refinanced and now have funds to payoff the loan, any issues to consider? [more inside]
Help me help my ex-wife get some House Payment breathing room. [more inside]
How do we put my wife on our home title if she's not on the loan? [more inside]
House loan advice needed. Should I take out a loan against my house while I'm trying to sell it? [more inside]
I'm selling my home. I have an offer on the table, but my realtor seems a little cautious about it because it's an FHA loan. Should I be concerned about accepting the offer since my home is older? [more inside]
Buying a house soon: is it better to pay down my credit card partially, or pay off a small personal loan?
Buying a house soon: is it better to pay down my credit card partially, or pay off a small personal loan? [more inside]
I'm in a bit of a bind. Through a set of rather bad situations, I'm soon going to be behind on my home loan, and there's not much that I can do about it with my current lender. I got an intriguing mailer yesterday, and spoke with the operator that answered the phone. They're trying to sell me on loan restructuring, not refinancing. [more inside]
What are the best ways to find and compare mortgage refi rates and fees? (web sites, or?) [more inside]
My mortgage payments are overdue and I have filed paperwork for a loan modification. I just accepted an offer on the condo, and it is due to close on June 26. What is the best way to get clear with the mortgage company before closing? [more inside]
Can I buy a house using a student loan? Would this even be a good idea? [more inside]
My mortgage lender sent an offer in the mail that I could change from monthly payments to payments every two weeks. This would be good for me, bad for them. Why? [more inside]
How much will my father co-signing on a mortgage help me? [more inside]
How do I know if I am getting the best home loan available to me? [more inside]
So yesterday my wife — Ms. We're-Not-Moving — found a house closer to Portland that she loves. We both love it. The only offer we can make, though, is contingent upon selling our home, which we hadn't even considered until yesterday. Help! Does anyone have experience with this kind of thing? What can we do to make a contingency offer more attractive? What about bridge loans? Anyone have experience with those? I need advice on hurried real estate transactions (other than "don't do them").