2/28 ARM and PMI
... I asked about PMI ...  they noted that there is no PMI because it is rolled into the loan and there would be a higher interest rate due to that. Is this the same thing as the lender buying up the PMI? Is this a good idea or should I be asking about doing a piggyback? ...

80/20 Loan
... what exactly is a 80/20 loan for a mortgage on a house ...

A Paper Loan
... I would like to know what exactly is an "A Paper" Loan ...

Additional Mortgage Payments
... if it is financially beneficial for me to make additional mortgage payments to principal ... I do not intend to stay in the house for the life of the loan ...

Amortization (How Fixed-Rate Loan Amortization Works)
Amortization Math: How to construct a mortgage amortization table using formulas rather than mortgage calculators.

Appraisal
... can a mortgage company charge you two times for a visit by appraiser ...

ARM Caps
... a LO told me the caps were "3/2/6" ... what do these caps mean in a clear explanation ...

ARM Loans and InterAgency Guidelines
... I was told that there are new "InterAgency Guidelines" that change the way ARM loans are underwritten ... I was told ARM loans need to take the fully indexed, fully amortized payment into account, but I'm not sure exactly what that means ...

ARMs and "2/28"s
... my mortgage broker recently suggested that I consider what he calls a "2/28" ... I would like to know the pros and cons ...

Arms Length Transaction
... non-arms length transaction ... what does this mean ...

Assuming Conventional Loans
... my mom gave me a house and I would like to assume the loan ...

Avoiding PMI
... my broker is offering two loans to stay under 80% borrowing vs. home value ...

Bankruptcy
... my mother and father filed for bankruptcy almost nine years ago ... they are worried that they may not be able to qualify for a mortgage ...

Bankruptcy & Second Mortgage
... my husband is the only one on the 1st mtg. and I'm the only one on the 2nd mtg ... my husband is having to claim bankruptcy on the house ...

Buying Points
... please explain how buying points can save me money on the interest of our loan ...

Cash-Out Loan: Equity Loan or Line of Credit?
... we are thinking about having a cash-out loan with either a home equity loan attached or a line of credit ... what would be our best option ...

Closing Costs
... who pays closing costs ... I was told that some expenses are paid by the buyer and others by the seller ...

Closing Costs
... I have a few questions about my closing costs ...

Closing Fees
... what closing fees is the seller typically responsible for ...

Creative Financing
... I do not want my husbands name on the deed ...

Conditional Loan Commitment
... I am planning a move ... I have found a home that I am interested in ... but am unable to obtain a loan until I've secured a job in that area ... is there any type of loan that I may qualify for ...

Condo Purchase
... idea was to sell in 1 to 2 years and appreciate but due to market conditions, this will not happen in the near future ... I'm seeking advice as to how he can avoid a future foreclosure ...

Construction Loan
... my husband and I are in a position to buy 2 lots of property fairly cheap ... we have high debt to income ratio ... would the equity in our houses and the rent we could obtain be enough to qualify for a construction loan ...

Credit Reporting for Private Mortgages
... I hold a private mortgage through my parents ... how can I get my 3 years of on time payments reported ...

Do I Qualify?
... I graduated from college about 1 year ago ... I am not sure if I will qualify for a mortgage ...

Does New York Give 10-Year Fixed Terms?
... my mortgage company said New York State did not allow 10 year fixed terms ...

Don't Want To Lose Home
... our credit score is low and now I am disabled ... we are behind on our mortgage payments and need help ... are there any programs out there to help us ...

Downpayment Assistance
... is there a special program for families with a disabled person ...

Eligibility After Bankruptcy
... can one get approved for refinance for a FHA loan after bankruptcy ...

Extra Payment Toward Principle Reduction
...How do i make extra payments on my mortgage and direct it to pay down my principle end of the loan...

FHA Loan After Bankruptcy
... we filed chapter 13 one year ago .. we have been told that we have a shot at qualifying for an FHA mortgage ...

FHA Loans for Manufactured Homes
... does existing mobile home on property qualify for a FHA Loan ...

Finding Financing to Purchase Another Home and Relocate
... the house I live in is only worth about $10,000 and my credit is only fair to poor ... I've found some cheap homes in distant counties I can afford ... what are my options ...

First Time Home Buyer - Non US Resident
... I have concerns about my status as a non US resident ...

Good Faith Estimate
... my broker has failed to return my calls after I requested a "Good Faith Estimate" ... if I sign the escrow papers, what are my financial responsibilities ...

Home Insurance And Mortgage
... I have been trying to sell my house for almost 1 year, with no luck ... mortgage company has been unwilling to accept a loss on the balance owing ... home insurance provider believes a new roof is needed ...

How Much to Put Down When You've Got Extra Cash
... I'm wondering how much additional cash, if any, it makes sense to put down, considering the tax benefits of financing and the opportunity cost of taking the money out of where it's sitting now ...

How Income Is Determined
... why am I asked to bring in 2 years worth of W2's and most recent paycheck stubs ... are these items really that important ...

If a Lender Made a Mistake
... does the lender have the right to come after the seller and buyer for more money months after they closed? ...

In-House Bank
... my broker has locked in a rate for me through his company's 'in-house bank' ... I asked him for the name of the bank ... he said, 'I don't know yet' ... how do I know that his company's in-house bank won't go out of business ...

Interest Rate Buy Down
... what does it mean to buy down your interest rate ... what is the usual cost to buy down ...

Interest Rates For Mobile Homes
... is the interest rate for a mobile home loan higher then a rate for a condo ...

Is PMI Tax Deductible?
... I understand that PMI is tax deductible with certain lenders ...

Lease-to-Own Loans
... how do those work and what are the advantages / disadvantages to both me and my tenant ...

Lenders with 125% LTV Ratios
... I want to see if I can get rid of my credit card debt for a lower rate included in a fresh mortgage ...

Loan Documents Missing Signature
... title company did not have me sign all the papers that needed to be signed ... are we bound to this loan with signatures missing ...

Loan for LLC Buying a House for Rental Property
... I intend to form an LLC with my kids to purchase a house ... I never see loan rates for LLCs ...

Loan Origination Fees
... what is a reasonable percentage rate for a broker to ask to be paid for originating a mortgage ...

Loans with Stated Income
... Are there any loans with stated income that don't require a large down payment? ...

Manufactured Home Loans
... my credit is not good and I have purchased a car last year and would like to know if there is any funding available for me ...

Manufactured Home Question
... I was told by the Realtor that the aluminum footings under the manufactured portion could be removed and it could then be reclassified as real estate ...

Monthly Interest-Only Payments
... if I put an additional $1,250 towards the principal balance every month ... will the monthly interest only payment reduce every month ...

Mortgage After a Bankruptcy
... I filed a personal chapter 7 bankruptcy in October of 2008 ... the bankruptcy was discharged in January of 2009 ... since then I have gotten back on my feet and been able to save quite a bit of money ... my question is can I go and get a mortgage at this point ...

Mortgage Company Messed Up Our Credit
... we keep getting the run around ... can't even refinance ... what is our rights ...

Mortgage For Non-US Residents
... I would like to know more about the financing possibilities of an apartment ...

Mortgage Insurance
... I have been paying mortgage insurance for over 2 years ... when can I stop paying this monthly payment ...

Mortgage Interest Rate Lock In
... when I received the GFE from the actual lender the mortgage rate on their form was higher than the GFE I signed with my broker ... does the interest rate I locked in with my broker have to be honored by the lender ...

Mortgage Timing
.. I own a house in Santa Barbara ...  I purchased a piece of property 12 miles south of Santa Barbara and will build a new house in about 2 years ... In order to build the new house I will take out a mortgage on my existing house ... Interest rates are pretty attractive now and it might make sense to take out a mortgage now ...

Mortgages for Investment Property
... would I be able to qualify for a loan without having a full-time job and only investing in real estate for a few months ...

Option Arm Mortgage
... my refinance company is offering this option arm as a second choice ...

Origination Fee
... I want to know how much will be origination fee for 73.000 ...

Owning For Only 2 Years
... which type of mortgage is generally best when planning on owning for 2 years ... a lender recommends an 80/20 mortgage ... I would have to pay about $3k in closing costs ...

Pay Option ARM
... how best to describe the Pay Option plan ...

Rate Lock Extensions
... what is the earliest someone can lock in a rate on a house that is being built ... I'm told by some companies I can pay a point up front to lock in a rate now for 1 year ... some companies telling me not until 60 days before the house is built ...

Re-Instatement Of Benefits
... my wife and I both qualify for VA benefits ... our first house had a VA backed mortgage ...

Refinance Question
... we recently did a refinance ... then it apparently has not been completed ... the company has not sent me anything in regards to this refinance ...

Refinancing an 80/20 Loan
... we want to refinance both loans into one 30 yr. fixed rate mortgage to lower our monthly payment, but we do not know if this is possible or if it would help ...

Refinancing Into A Lower Rate
... when we bought our house over 2 years ago, we financed 100% of our home ...

Refinancing / Transfer Loan
... my mom has a mortgage on our house ... is it possible to refinance, except for the loan to be in my name ...

Refund of Escrow Funds
... how quickly can the paid-off lender refund these funds ...

Removing the PMI
... how soon after the closing can we get a second appraisal ...

Selling Our Home With FHA Assumable Loan
... how to sell our home to someone who wants to assume our FHA loan ...

Single Parent Homebuyer Assistance
... I need to know what to look for in a legitimate downpayment grant company ...

Spouses With Different Credit Ratings Looking For 1st Home
... my husband and I want to buy a house as soon as possible ... he just received a chapter 7 bankruptcy discharge, so his credit is poor ... my credit, however, was excellent the last time I checked ...

Tax Liens
... Is it possible to purchase/finance a home with a tax lien on me? ...

Tax Refund
... how much of one's closing cost can one claim as far as income tax refund ...

Types of ARMs
... which ARM programs are tied to which index? ...

Underwriting
... what are the reasons why loans are denied once they are sent to an underwriter ...

VA Lending Limits
... I'm an eligible veteran shopping for a VA Loan ... the loan limit is $417K ... the price of the house is ~$500K ..

VA Loan Closing Costs
... I have been approved for a VA loan ... I noticed that we are being charged some 'unallowable' fees ...

What is APR?
... please explain what is APR ... how it is calculated ...

Which properties are under market value?
... I am looking at several different properties for purchase with the intent of fixing and flipping in a year or two ... I am trying to figure out which properties are under market value ...

Why Lenders Do Not Re-Amortize Loans
... we are next to becoming capable of making significant additional principal payments ... I contacted my mortgagor and inquired about possible loan re-amortization ...

Yield Spread
... can someone please explain to me what that really means ...

...

To Be Continued