I’m behind on mortgage payments because, i’m going through a loan modification, but i need money to pay for school, will i be able to still get a home equity loan. Because my credit is not amazing.
Posts Tagged ‘fha mortgage’
Can you still qualify for a home equity loan if you behind on mortgage payments?
Monday, August 16th, 2010Does this FHA streamline refinance make sense to do if I plan to sell in 4 years?
Wednesday, July 14th, 2010Here’s the scenario …
Been in my first home for 1 year and have a 5.5% fixed rate on an FHA mortgage. I plan on living here for 4 more years and then selling to upgrade into a new home. I was contacted by my old broker proposing to do an FHA Streamline refinance to take advantage of the current lower rates. His proposition is this…
- 4.625% rate
- Payments lowered by 0 per month
- I bring .8k to closing
- Loan balance goes up by k
I’m trying to understand why this would make sense for me to do.
By my logic the scenario doesn’t give me much of an advantage…
GAIN: months(48) x savings (0) = 80 gained
vs.
LOSS: closing (00) + loan balance change(00) = 00 lost
The broker is arguing with me that the closing is basically free because I can bring the skip payment that would occur plus some refunded escrow money to pay for it. I don’t know if I would agree with that. Seems like I’m financing my savings with cash upfront and losing equity. Any opinions or insight would be greatly appreciated. Thanks!
Refinancing a FHA loan to Conventional loan?
Tuesday, July 13th, 2010I recently purchased a house with a FHA loan. The home appraised to a value greater than what I owe the bank. Can I refinance the loan to get a conventional loan using the equity? Is there any time period restrictions for refinancing a FHA loan to Conventional loan? Will the upfront mortgage insurance on the FHA loan be refunded if I refinance? Please advice.
If I have 2 homes and default on 1 mortgage, does the bank come after the 2nd home too?
Friday, April 16th, 2010If I have 2 homes, both with mortgages, and I default on one of the mortgages, can the bank (different banks for each home) who holds the bad mortgage come after the 2nd house?
I have 1st and 2nd mortgage on my house. I only can pay for the 1st not the 2nd Can I still live in the house?
Saturday, February 13th, 2010I purchase a house that had one mortgage they sold the mortgages and now i have 2 mortgages that i have to pay.
one is 180,000 and the other is 30,000 i can only pay for one. can i pay for the most expensive one and file bankruptcy on the 2nd one and continuing living in the house
Any Zero down home loan out there?
Saturday, February 6th, 2010Thinking about selling but I will walk away with practically nothing. Any zero down or 3% FHA left ?
do home appraisers usually take pictures of the interior?
Sunday, January 17th, 2010i’m having my condo appraised for a home equity loan and there is a realtor (not affiliated with the bank) that said she will be taking pictures of the inside of my condo. it seems a strange that she can’t just estimate the value of the home by looking at it… and i’m a little suspect about her taking pictures of my stuff.(i don’t want her to have pictures of what is in my home) is it absolutely necessary for a home appraisal??
Can you do a Deed-in-lieu of foreclosure if you have a home equity line of credit on your home?
Friday, November 27th, 2009I am considering the Deed in lieu of foreclosure option but I have a Home equity line of credit on my house. Is this something that can still be done? BTW I live in Florida if that has any bearing on the answer.
Thanks in advance for any advice 
Related ‘fha mortgage’ sites :
| Federal Housing Administration Provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. www.fha.gov | |
| HUD - Federal Housing Administration FHA insures mortgages on single family and multifamily homes including manufactured homes and hospitals. ... FHA mortgage insurance provides lenders with protection against ... www.hud.gov/offices/hsg/ | |
| Homes & Communities - Department of Housing and Urban ... Mission is a decent, safe, and sanitary home and suitable living environment for every American. www.hud.gov | |
| FHA insured loan - Wikipedia, the free encyclopedia An FHA insured loan is a Federal Housing Administration mortgage insurance backed mortgage loan which are provided by FHA-approved lenders. ... en.wikipedia.org/wiki/ | |
| Federal Housing Administration/U.S. Department of Housing and ... FHA has insured over 37 million home mortgages and 47,205 multifamily project mortgages ... Currently, FHA has 6.1 million insured single-family mortgages and 13, ... portal.hud.gov/portal/... | |
| FHA & HUD Government Mortgages Free FHA help and information for all FHA loan and mortgage products. FHA licensed Loan Officers are on call to answer all your FHA related questions. ... www.fhamortgage.org | |
| Federal Housing Administration - Wikipedia, the free encyclopedia The Federal Housing Administration (FHA) is a United States government agency created as ... Currently, the FHA has 4.8 million insured single family mortgages and 13,000 ... en.wikipedia.org/wiki/ | |
| FHA Loans, FHA Home Loan Financing Information from FHA ... FHA Mortgage Center.com provides information on FHA Loans, Home Loans, and Refinancing options available through FHA-insured programs. ... www.fhamortgagecenter.com | |
| FHA Loan Pros - FHA Mortgage Guide FHA loan news & advice from the experts: 2010 FHA loan requirements, loan limits, FHA refinancing and new home loans. The best FHA mortgage rates & FHA Lenders. www.fhaloanpros.com | |
| Current Mortgage Rates - Average Daily Mortgage Rates Current Mortgage Rate Averages and Daily Market Snapshot to keep you Updated on the Mortgage Rate Market www.mortgage101.com/articles/ | |