Comments for Number One Home Loans

Comment on how to apply for an FHA home loan 1.888.415.2000 by Fha Loans Fico

Fha Loans Fico — Thu, 28 Jul 2011 10:22:22 +0000

How to get Federal Housing Administration loan if property tax already payed for the next year? I have already paid all of my property tax for 2010, but I understand that Federal Housing Administration loans will appoint land tax with each payment. If i get an FHA loan do i risk having to pay property tax twice for 2012?

Comment on VA Or FHA Home Loan Program? by Home Appraisal Fha Loan

Home Appraisal Fha Loan — Thu, 28 Jul 2011 10:22:21 +0000

What credit bureau do loanword officers or investments banker look at to compute a 620 credit score for a Federal Housing Administration loan? There is Experian, Equifax and Transunion I have dissimilar scores for each, but which one do loan officers and investments banker look at to approve you for an FHA insured loan? Do they look at the highest, lowest or average?

Comment on Can I get a home equity loan with Bad Credit. i OWN My home and its fully paid for? by Loan

Loan — Wed, 11 May 2011 17:26:31 +0000

If you want a loan but are afraid of being turned down, look no further than GuaranteedBadCreditLoans.com

Comment on Can I get a home equity loan with Bad Credit. i OWN My home and its fully paid for? by wee o

wee o — Mon, 13 Dec 2010 18:13:59 +0000

i am mrs wee, i want you to help me to thank Mr Aso he is a great lender he help me with a loan with a low rate interest,pls if you are in need contact Mr Asorealloan_nelly@yahoo.com
Thanks
i wesh you good luck
References :

Comment on Can I get a home equity loan with Bad Credit. i OWN My home and its fully paid for? by andrew l

andrew l — Mon, 13 Dec 2010 17:59:59 +0000

There are hundreds if not thousands of websites on the internet enumerating the ways to apply and receive home loan when you are plagued with bad credit issues. These sites help consumers with bad credit scores to increase the viability of their existing credit scores and set up loans regardless of their credit history.Companies that specialize in bad credit home loans; usually offer a wide range of options for consumers with bad credit

http://badcredits.awardspace.com/homeloans.htm

They also offer a debt consolidation offer which helps the home owner organize a comprehensive program for controlling their spending. Many consumers with bad credit are grateful for the opportunity to receive a second chance, sort to speak–>Bad credit hasn’t stopped them from purchasing a home. There are several programs available for people with bad credit that helps to restore their credit status and to live debt free lives.
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Comment on Can you use a home equity loan for something other than a home? by P J

P J — Mon, 13 Dec 2010 17:40:59 +0000

In some cases your total loans may not exceed a certain percentage of the home value.

You should not be looking to start a business, which will drain you dry in the first years, until you get some of the debt paid down.

Never a good idea to jeopardize your home for fancy or credit card debt.
References :

Comment on Can I get a home equity loan with Bad Credit. i OWN My home and its fully paid for? by Ron B

Ron B — Mon, 13 Dec 2010 17:17:59 +0000

Yes, you can get a loan on basically any credit if there is sufficient equity. Local banks often turn people down or give them higher rates based on thier asset pool. Try a mortgage broker. They can get the money for you.
References :
Realtor and mortgage broker in San Diego

Comment on Can you use a home equity loan for something other than a home? by yoji6365

yoji6365 — Mon, 13 Dec 2010 17:17:59 +0000

Seek a professional financial advisor, your finances seem to be in disarray. Looking for more loans while you have so many other debts is a serious indicator of financial trouble. If you make enough to make the payments comfortably, you should be able to pay them off soon or reduce your debt significantly.
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Comment on Can you refinance your home loans even though your house is worth less than what is owed? by Elliot L

Elliot L — Mon, 13 Dec 2010 17:10:59 +0000

Unfortunately no. The lender requires the home as security for the loan and will only loan up to the amount that it can be appraised for. Given the current mortgage industry crisis, it will be difficult, if not impossible, to even get a loan for 100%it's appraised value. Hope this helps.
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Comment on I need an explanation of pros and cons about fixed and variable home loan rates.? by John

John — Mon, 13 Dec 2010 17:06:59 +0000

3 years ago variable loans eg. 3/1 ARMs and 5/1 ARMS had a significantly lower rate than 30 year fixed rates. If you were going to stay in a home for 5 years or less, a 30 year mortgage was very expensive compared to a 5/1 ARM.

We are now in an interesting period where 30 year rates and adjustable rates are about the same, and in some cases, where the adjustable products are more expensive than the 30 year fixed.

The simple answer therefore (not knowing your credit situation and other factors), is go with a 30 year fixed. The rate is no higher than the adjustables and I personally believe mortgage rates are going to hit record highs in the next 4 years.

The only caveat to the above is if your credit score is below 620 and above 580. You will then qualify for a sub-prime loan. The rates on these loans are higher because of the lower credit score. In this case, the 2/28 ARM can be much cheaper than the 30 year fixed. This is a good loan if you don’t have great credit, but want to buy a home.

The intent is that you will refinance it sometime in the next two years when your credit is better into a lower cost, 30 year mortgage.
References :
http://www.mortgage-quotes-central.com