Archive for November, 2008

 

How soon after a home purchase can you apply for a home equity loan?

November 11th, 2008

BellyRubz asked: Our house is new construction and is our first home, so we don’t have much additional money to install things like fencing and central air. Also, we got our home using alternative credit, but have been maying our mortgage payments religiously.

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Anyone know of anyplace to get a 100% finance home loan, with no so good credit rating?

November 10th, 2008

ccrider666 asked: Have some things on credit report, from divorce, but would like to find finacancing for a home

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How does rental income on a 1st mortgage affect mortgage affordability on a second home?

November 9th, 2008

Ronaldo asked: For example if my 1st mortgage is $1000 per month and i charge a rental income of $1000 per month, is it a wash? Or do i get the $1000 rental income added to my gross monthly income and have the $1000 mortgage payment added to my monthly liabilities?

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How do i find a job as a mortgage loan officer without any mortgage experience?

November 7th, 2008

dre_gh asked: I currently work in a distribution center, and i have a bachelors in economics and psychology. I am interested in becoming a mortgage loan officer so i took a 24 credit hour course in residential mortgage lending but unfortunately i haven’t been able to find a job because i do not have any [...]

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can I take out a home equity loan right after the purchase if I bought a 170000 house for 145000?

November 4th, 2008

big b asked: wondering about taking out a home equity loan on the remaining value of the house to consolidate the rest of my bills. Is this wise?

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How do I qualify for a home equity loan line of credit?

November 1st, 2008

Lord of Chaos asked: I need money for home improvements, and I also want to get my mortgage payment lower.
I bought this home in march 07, and I have made minor improvements, but the house needs improvements.
If there are any real estate pros out there with some good practical advice please expound on [...]

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Has anyone been approved for a home loan with mediocre credit score?

November 1st, 2008

PlasticTrees asked: Buying a house in the future is my only concern for my low credit score. I have been told to let the bad strikes against me go, and just forget them instead of trying to fix it. Isn’t everyone approved (given that they are not asking for a 300k loan) but given higher [...]

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