Mortgage and Insurance » score

Do you think my answer to the following question should have been kicked out by yahoo answers staff?

jedwan — Fri, 23 Dec 2011 18:08:06 +0000

Question: Where can I find a mortgage company that will let me finance the entire amount the home is worth? Question Details: I am with national bank that specializes in this type of loan.We will go off of the appraised value as if the work was completed already. We do business in all 50 states. [...]

looking for a mortgage lender?

jedwan — Mon, 19 Dec 2011 04:58:13 +0000

is there any mortgage company that can get me 100% financing and not a high rate with a mid score of 579 a lot of lenders that i talked to said that i can get 100% financing i did get qualifief for 100% but i am looking to see if i can get a lower [...]

mortgage and raising credits score question?

jedwan — Sat, 17 Dec 2011 01:35:20 +0000

I was hoping for a answer to a quick question.

I am looking to buy a house. Getting financing is not a problem, getting the mortgage insurance is.

The finance company tells me that my wife’s score is about 25 points too low (to get the loan we want) due to having used to much of her credit in ratio to her limits. We need to get her from 655 to 680. She was off work about 3 1/2 years ago due to illness and basically lived off her cards for 2 months. Prior to our getting married about a year ago she was only able to make small payments. She was never late, she just could not get ahead enough to make much head way on paying the cards off.

Since we have been married, we have taken the cards one at a time and have paid 3 totally off and cut three more balances by more that half, but we still have three with 75% of the high limit used. This is hurting her score.

Here is my question-I could pay down the score, but I need to use the cash on repairs necessary to get FHA financing and for the down payment.

Could I reduce balance to limit ration and improve the score, if I get her credit limit raised? If I do this would the credit companies pull her credit report again and would that hurt her score more than raising her limit would help? I would need to ask four different cards for higher limits.

Thanks for your help.

What are your picks for NFL week 8?

jedwan — Tue, 13 Dec 2011 01:26:59 +0000

Denver vs. Baltimore
Houston vs. Buffalo
Cleveland vs. Chicago
Seattle vs. Dallas
Miami vs. New York Jets
San Fransisco vs. Indianapolis
New York Giants vs. Philidalphea
St. Louis vs. Detroit
Oakland vs. San Diego
Jacksonville vs. Tennessee
Minnesota vs. Green Bay
Carolina vs. Arizona
Atlanta vs. New Orleans (Total Score?)

If you wouldn’t mind also telling me why you think that team will win, thanks.

What player from tonight’s game will score or come close to scoring a hat trick tonight? ( List inside )?

jedwan — Sat, 03 Dec 2011 23:12:58 +0000

Boston
Philadelphia

Toronto
Buffalo

Phoenix
Detroit

Tampa Bay
Pittsburgh

Anaheim
Minnesota

* Name only one player. Multiple answers have no chance of getting best answer.

rental house application criteria?

jedwan — Sat, 03 Dec 2011 12:22:30 +0000

I was wondering if anyone knows the basic criteria required on a rental application for a house. My husband is being asked to accept a job transfer from Michigan to Tampa, FL and we won’t be able to afford to buy a home so we will be looking to rent something, however we have never rented before and I don’t know what the criteria is. He has decent credit, the score isn’t as good as we think it should be it’s almost 600 which I don’t think is that great, is that what they go by just like a mortgage company or is there more leniency with renting?

Thanks for your help if you can !!!
i should have said that we are currently buying and not renting here in michigan…..

with a score of 500, is there a reputable mortgage company that will finance a mortgage for me today?

jedwan — Sat, 03 Dec 2011 08:09:12 +0000

i have no bankruptcys but i have collections out the @#! anyway, these collections are from companies that keep updating my report as though I am late this month when in fact it’s from 2000, i’ve paid credit repair companies to fix it and they just keep coming back and updating every month, in turn [...]

Can I get a Mortgage Loan with a co-signer, I have have a middle score of 700 but very little provable income.?

jedwan — Sat, 03 Dec 2011 02:49:32 +0000

I am planning on moving to Atlanta from Miami. I am self employed, and just started my business last year. I filed for a loss in 2008. But this year I am making money. My mother will co sign for me and she has stellar credit and no debt. I have at least 20% down [...]

Where can I find information about Government first time home buyers programs?

jedwan — Fri, 02 Dec 2011 20:56:39 +0000

I’m looking into all of my mortgage options. I’ve already been approved for a loan with 100% financing, but not sure I want to go that route. My score is around 630 right now, and slowly getting better. I’ve been at the same job for over 9 years, and at the same residence for 4 years. I don’t have any money in savings, but if I waited a few years I could probably save a little. Would I qualify for a goverment FHA loan?

Which credit bureau is the most popular to use by home loan lenders?

jedwan — Fri, 02 Dec 2011 20:56:05 +0000

I know the three…Experian, Equifax and TransUnion, but rather then checking all three I was advised that essentially loan/mortgage officers typically use only one to check eligibility for a home loan. What is the most popular credit bureau used? I am in the process of looking for a home, and want to make sure I [...]