On Monday morning, my mortgage servicer withdrew my mortgage payment from my checking account, along with an additional withdrawal of close to $2000.
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posted by rocketman
on May 16, 2013 -
18 answers
Will my student loans prevent us from getting a mortgage (even if the student loan debt will be forgiven in a few years)?
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posted by anonymous
on Apr 22, 2013 -
3 answers
My wife and I declared bankruptcy 22 months ago. It was the only way, and we have no regrets whatsoever. We managed to keep our house and what little equity we had. We are looking to move to a different house, and are curious about our mortgage options. My credit score today was 681, which is just on the edge of where (so I read) you can get a conventional mortgage. In two months, when we get past the two year mark on our bankruptcy, will the score go up appreciably, or is it a gradual thing?
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posted by anonymous
on Mar 18, 2013 -
4 answers
I am trying to purchase a foreclosed house with a homepath loan, but I do not qualify for a homepath loan despite excellent credit. Apparently a conventional loan will not work for the current condition of the home. Can you help me sort out my options in Virginia?
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posted by shortyJBot
on Mar 3, 2013 -
7 answers
I'm having a really hard time finding a reputable mortgage broker. The property is in Boston, MA, but I'm willing to work with someone in another state. The most important thing is that they're not slimy or condescending. Can you recommend someone in my area? Anyone to avoid?
posted by barnone
on Feb 26, 2013 -
6 answers
How likely are these particular conditions of our home to affect an appraisal? Additionally, is there a significant benefit to addressing these condition concerns prior to appraisal for the purposes of a refi? Very long winded details inside…
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posted by waterisfinite
on Feb 25, 2013 -
15 answers
How (Should?) we buy a house on the other side of the country? We know we want to move there, but we can't go yet.
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posted by anonymous
on Feb 22, 2013 -
15 answers
Looking for a local Minneapolis Mortgage Broker. Anyone have someone they would specifically recommend?
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posted by zombieApoc
on Feb 21, 2013 -
3 answers
The good faith estimate for my refinance included government recording charges $X, and title services/title insurance $Y. In the settlement statement, it turned out that the government recording charges were less than estimated, so the lawyer's office just increased the other fee so the total amount is still $(X+Y). Is this standard practice, or kind of a dick move?
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posted by Behemoth
on Feb 14, 2013 -
7 answers
Fell in love with a house. Currently own a house. Want to grab this potential house fast yet as of today, didn't prequalify yet, didn't put up current house for sale, don't have a broker to look for mortgages, etc. I have bonds to cash in for a down payment on the next house but just don't know how to get the ball rolling so fast. What steps do I need to take to make sure I'm not getting over my head too fast? I'm bad with change (esp. involving money) and am freaking out on what to do, how much to cash in, were to find a broker, etc.
Anything I need to know regarding selling? My home is my first home (been there 11 years). Worse case scenario, will probably break even with sale. I have zero clue if a seller is responsible for closing costs on both houses, just the one we're buying or selling, what percentage does a realtor get? Do I have to pay the realtor who showed the new house?
The potential house is absolutely perfect and don't want to lose it with the process taking up time. But also feel odd making such a huge move, so fast, when current house didn't sell. Do banks look bad upon 2 temporary mortgages? This is only going under my name so I'm freaking about 2 mortgages along with other costs for moving, living, etc.
posted by stormpooper
on Feb 12, 2013 -
15 answers
My mother recently passed away leaving a substantial debt. The bulk of this debt is in the form of two houses that she remortgaged. One is underwater in a very flat housing market, the other is the family house that we grew up in that my younger brother is currently living in.
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posted by anonymous
on Feb 3, 2013 -
8 answers
My mortgage rate is 4.375%. I know that I should refinance because I can get a way better rate. I feel overwhelmed by the idea of figuring this out. Treat me like a small, small child and walk me through what to do?
posted by corn_bread
on Feb 2, 2013 -
13 answers
Laid off and underwater. . . are there any programs that can help me to keep paying our mortgage?
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posted by Kalatraz
on Jan 30, 2013 -
6 answers
It's January, which means my mortgage servicer (Wells Fargo) has once again determined my escrow account is short by about $300. This seems legit since there was a recent property tax increase.
Outside of personal preference, is it better for me to pay this all at once, or to spread it out over the year? Is it better for Wells Fargo if I do one or the other?
Context: It's probably my tinfoil lined hat, but whenever a bank gives me a choice like this I assume one of the choices will screw me out of a little money, put me in a position to be screwed out of a little money, or put them in a position to make a little more money off of me.
posted by alan
on Jan 30, 2013 -
6 answers
So I'm looking to move from SF to Seattle (in part to save money) - can I get a loan and buy a place? Would that make sense?
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posted by alaijmw
on Jan 7, 2013 -
13 answers
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?
posted by mumblingmynah
on Dec 27, 2012 -
19 answers
Buying a house while married but physically separated -- what are the possible issues?
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posted by anonymous
on Dec 14, 2012 -
5 answers
How do mortgage lenders take into account student loans when calculating whether and how much to lend? Special details inside...
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posted by percor
on Nov 20, 2012 -
6 answers
Please recommend a good mortgage broker for refinancing in the Newton/Brookline MA area.
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posted by anonymous
on Nov 10, 2012 -
3 answers
Please teach me how to solve this problem related to a Home Equity Line Of Credit. While I am looking for an answer, I am equally interested in learning the math required to solve the problem.
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posted by The Architect
on Nov 9, 2012 -
4 answers
First Time Homebuyer (Canada) Plan-filter. Can he NOT be considered my common-law spouse?
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posted by elkerette
on Oct 31, 2012 -
10 answers
I am not wonderful at math. I am trying to figure out which mortgage I should pay an extra principal payment to each month. Will you help me?
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posted by rabidsegue
on Oct 22, 2012 -
11 answers
Homeowner needs advice: Bought a house one year ago, loan rates at all-time low, what are the benefits of re-financing my loan? Any disadvantages? I'm clueless...
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posted by MMALR
on Sep 30, 2012 -
13 answers
I have a mortgage that is perfectly healthy. Should/can I do a HARP refinance on it?
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posted by miyabo
on Sep 27, 2012 -
9 answers
What are the U.S. mortgage regulations on giving a gift of equity to a non-relative?
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posted by Athene
on Sep 23, 2012 -
14 answers
My agent asked me to select a lender I want to work with to get the loan process kickstarted. She feels we're getting close to get an approval from the second lender (the first lender already approved) on a short sale single family home and wants to get my file processed and ready by the lender of my choice.
I'm struggling a bit with the criteria as they seem to combine both hard numbers (interest rate, fees) and less quantifiable matters like how to I feel working with a certain lender etc.
Appreciate your advice on a no-nonsense criteria and how to best choose / compare lenders.
Thanks!
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posted by Michal
on Sep 17, 2012 -
5 answers
How do I research a real estate developer and a mortgage lender (in Brooklyn) to make sure they're trustworthy?
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posted by ThatFuzzyBastard
on Sep 13, 2012 -
7 answers
Already pre-approved for the amount I offered on a short sale. Is it okay to work on finances while I wait for short sale approval?
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posted by ginagina
on Sep 8, 2012 -
1 answer
Refinancing our home and caught our lender padding their fees with questionable stuff; what else should we be on the lookout for?
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posted by werkzeuger
on Sep 6, 2012 -
4 answers
Should I sell or rent my house when I move to a different part of town? I would just about break even in either situation.
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posted by ethidda
on Sep 4, 2012 -
12 answers
My friend bought a warehouse in Florida. It fell down. Now he has a mortgage on a slab and some land. What's a way he can make enough money on this thing to cover his mortgage?
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posted by rileyray3000
on Sep 3, 2012 -
23 answers
Several opportunities for my family to move to the States from Canada have come up and we are considering moving however we, early 30's SAHM and Husband + toddler, have no idea how basics such as down payments, mortgages, health insurance and retirement accounts work down there. We are considering a move to Bellevue, WA or Mountain View, CA so any advise on deciding between these two would also be great :)
We are well versed in how all of these things work in Canada and are current home owners, so Bonus points for any side by side comparisons of how the American and Canadian systems differ or are similar.
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posted by saradarlin
on Aug 26, 2012 -
20 answers
Moving to a better school zone. Should I do it? Tough decisions concerning moving, staying put, and financial future.
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posted by anonymous
on Aug 25, 2012 -
19 answers
I live in Vancouver Canada. I'm starting to research buying my first place. Does anyone have any suggestions or recommendations in terms of a mortgage broker?
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posted by concreteforest
on Aug 13, 2012 -
3 answers
Is my mortgage broker drawing out the process on purpose? Is he getting paid now or is it a commission type business?
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posted by Kazimirovna
on Jul 27, 2012 -
7 answers
NYC real estate filter - the wife and I are looking to buy a 2BR condo in Manhattan...
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posted by anonymous
on Jul 17, 2012 -
6 answers
Should I be honest with my big-4 (USA) bank when it calls to find out why I haven't paid my mortgage? I'm selling the house and need the $ for rent.
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posted by anonymous
on Jul 11, 2012 -
4 answers
Trying to make sense of our closing costs when purchasing a newly constructed home in Kaufman county (right outside of Dallas, TX) Mainly, property taxes.
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posted by phox
on Jul 7, 2012 -
7 answers
Should I get a second separate mortgage for my investment property, or take a cash out refi of my primary for the purchase?
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posted by CaptainZingo
on Jul 3, 2012 -
3 answers
Paying off the mortgage - what do I need to make sure the mortgage company/bank/whoever does?
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posted by mrs. taters
on Jun 29, 2012 -
5 answers
