I am buying a business ownership and payments made me an appreciation for large, as in any mortgage. I also pay taxes and insurance payment, because the property remians on their behalf. I have a contract for all my rights and guarantees provided by the owner with the exception of the sale in a position of real estate. Funding is not to show my credit card.
We need a mortgage company that can work with 501c3s and older manufactured homes. This is an animal sanctuary on 20 acres in northern Idaho with 3 dwelllings for staff and 4+ for animals. We need to refinance. Does anyone know where we can turn?
I am in need of refinancing our home. We are currently almost 2 months behind on our mortgages. We stopped the foreclosure in October but are headed that way again if we don’t find a way to refinance. When we stopped the foreclosure in October we thought it was paying for Novembers payment too but it wasn’t so we were behind a month again right off the bat. We have a first and second mortgage we want to consolidate them. We also have an adjustable rate mortgage that is killing our finances. We filed bankruptcy almost 7 years ago. This is my dream home and don’t plan on leaving it until I go in a box in the ground. If anyone knows anything that would help I would be very greatful.
They wanted to go through 100% mortgage financing, but it seems like this program is almost obsolete. They’ve been dealing with 4 mortgage companies and none of them were successful. Finally, one company came through for them and offered the first time homebuyers program. However, in order to qualify for this program, they have to close prior to the due date of March 21st; they have to make less than certain amount; and one of them has to be a minority, which my friend is. They made an offer and was accepted, but they found out that both my friend and her boyfriend make too much money. For them to be able to stay with this program, her boyfriend has to be qualified and she will not be in the loan. However, she can be in the title and when they refinance in 3 years or so, then, she can be in the loan. They both wanted to be in the loan, but now only he can qualify. Do you think they should pursue this move?
Dec 122011
I own a mobile home that was built in 1976. I own it out right, no mortgage. I am trying to find a company that does financing or refinance I guess on a model this old, to do some very much needed home improvements. Do you know of any or recommend any?
I have an interest only 5 year ARM, 100% financed loan. (100% financed in a single loan not 80/20). The ARM will reset next year. I am underwater by as much as 100K. The lender isn’t cooperating and I am trying my best, with the help of some organizations, to find a way to refinance my mortgage and turn it into a 30 year fixed, etc…
I will do my best to avoid a foreclosure. However, if I chose to walk away, I need to understand from now what to expect. I know that the lender can go after the buyer in Virginia (paycheck, assets, etc…)
My question is: Is this always the case? Can my mortgage be different? Can my mortgage be different because it is 100% financed or because it is interest only? How can I verify that?
Thanks for your help!!
Dec 062011
My boryfriend and I are trying to refinance the condo in South Arlington Area in Virginia. We talked to a mortgage consultant from Well Fargo and everything was going well. We got the rate lock and had the appriaser came in. However, last week, his assitant called my boyfriend and told him that his re-finance application was rejected because the condo has high investor ratio. Nothing more and no more explanation from them.
Can anyone help me on this? The condo value is almost 80% and we are willing to put money down to get it to 80%. We are doing conventional loan and we have good credit. How can I find out if our condo has high investor ratio and can we try with different lenders? We already paid for the appraisal. I would think our mortgage consultant should tell us before we went this far.
Thanks so much for all your help.
We relocated a couple of years ago and could not sell our home after we relocated. We still have that home and can not sell it for the mortgage amount we owe on it.
We have been able to rent it but at a huge monthly loss, and we now have come to our end with nothing left in any bank account… no savings, no 401-K left, only one poor vehicle, and most of our possessions have been sold off to keep afloat over the two years. Our Realtor has suggested a short sale and is speaking with our mortgage company about this.
My question is this: Can the forgiven amount in a short sale still be non taxed even if the mortgage on that home had been refinanced at an earlier time? I read that a loan forgiveness on a mortgage that has been refinanced might possibly be handled differently than a mortgage forgiveness on a mortgage that has been refinanced. The house that we are looking at for a short sale is located in Virginia and we did refinance earlier on.
Can anyone help with info?
I own a condo, and because of 2 unexpected job layoffs, my career has taken me to another town, & do not plan to relocate back. I currently rent it out, but my renters plan to move at the end of summer & are not interested in buying.
I bought the place in early 2003, and financed it 100% through the creation of two mortgage accounts—70% is on a APR loan currently at 5.75% and the rest is on a high (8.25%) fixed rate. The variable one kicks up next year to a higher rate.
To make matters worse, the property has not risen in value at all in these last five years. The property is in a decent area inside I-285(Atlanta) & there is a chance that a nearby mixed-use development project is going to happen, so perhaps the value might go up a little in the next couple of years.
But can I afford to hang on, or should I go ahead and sell, knowing that I may have to shell out a few thousand to unload it, or would I be better off refinancing and re-renting it for a few more years?
I want to refinance a home i own outright (no mortgage) in L.A. but I am currently working in New York and will not be back in L.A. for a few months. I live in both cities and only own the one home in L.A. so it is considered my primary home.
Is it possible to get a mortgage through Chase in New York for my home in L.A.? My main bank account is in New York with Chase. Does the bank I apply in have to be in the state, or will it be ok because Chase has locations in all states?