Posts Tagged ‘fha mortgage’

Any Zero down home loan out there?

Saturday, February 6th, 2010

Thinking about selling but I will walk away with practically nothing. Any zero down or 3% FHA left ?

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do home appraisers usually take pictures of the interior?

Sunday, January 17th, 2010

i’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??

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first time home buyer loans or grants?

Saturday, December 26th, 2009

i was thinking about buying a house at the beginning of the year, its this one here:

http://www.realtor.com/mortgage/RatesTable.aspx?lid=1104112102&lntype=F&dper=5&loanterm=30&pts=Zero&isIO=N&ref=listingdetail&hiloanamount=54500&source=web

and i was thinking about getting a first time home buyer loan but i don’t quite know how they work. by the conditions listed i know me and my gf qualify but how does that work with actually buying the house? would that push the monthly mortgage up or is it a grant? would i have to get the loan for the house at the same bank i get the first time buyer loan? and being that i’m getting the first time loan that supposed to cover down payment and closing costs, would i have to pay anything out of my own pocket or will the bank tell me that?

here is the first time buyer program for my state:

http://www.nchfa.com/Homebuyers/HBeligible.aspx

any help is greatly appreciated.
how will that be out of my pocket if the first time home buyer program offers up to 8000 "Down Payment Assistance" if thats not what it means then what is it for?

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How soon can we take out a home equity loan?

Saturday, November 28th, 2009

My husband and I are in the process of buying a house.. we were told by our realtor and mortgage broker that the house appraised for 30k more then what we are paying for it.
If this is true and we buy the house would we be able to take out an equity loan on the house as soon as we buy it since the house is worth more then we are paying?
We’re doing FHA so we only have to put 3.5% down. So.. I’m assuming that means that we will have to pay into the house for a while before we can

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Can you do a Deed-in-lieu of foreclosure if you have a home equity line of credit on your home?

Friday, November 27th, 2009

I 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 :-)

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Is paying off a mortgage early beneficial tax wise?

Thursday, November 19th, 2009

The following is from

http://www.usnews.com/money/personal-finance/retirement/articles/2008/06/19/should-you-pay-off-your-mortgage-before-you-retire.html

"The interest you pay on your home mortgage is tax deductible on up to million in debt. You can also typically write off interest on up to 0,000 of home-equity debt. But you benefit from this tax perk only if all your itemized tax deductions, including your mortgage interest, add up to more than the standard deduction that almost everyone gets automatically….. Jonathan Pond, a financial planner and author of Grow Your Money! 101 Easy Tips to Plan, Save, and Invest, argues that you need to be in the 35 percent tax bracket, or make at least 0,000 annually, for the tax break to be worthwhile. Most Americans in the 25 percent tax bracket might pay, say, ,000 in mortgage interest but save only ,500 in taxes."

If I pay ,000 in mortgage interst but only save ,500, that seems nonsmart to me. Is the above quote correct?

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Refinance, mortgage question very confused?

Tuesday, November 10th, 2009

I took out a 70k HELOC 1.5 years ago, adding my 1st i owe 205,000. My intrest rate on my 1st is "ARM’ 10% and 2nd 12%. These are killing my payments. I went to try to refinance my credit is 670, but they are telling me my property is valued at 185. if i would come up with 20k they tell me i could save a huge chunk of money. My home was actually appraised at 220 when i took out the HELOC 1.5 years ago. They used a computer to figure it out not a actual appraiser. After doing some reasearch homes sold for 184,000 at that time. I live in a townhome communtiy. I need some help tired of explain this to banks.

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Refinancing vs Home equity Loans once you take the house of the market?

Friday, November 6th, 2009

Taking the house off the market we are not eligible to refinance because of the rules by the government How can we do a home equity loan and where can I find the current fixed rates? Thank you

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Related ‘fha mortgage’ sites :


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/fhahistory.cfm
 
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
 
HUD - Single Family Housing - Insurance Programs
FHA Insured Mortgage Programs. Did You Know? Here's some links to some ... mortgage programs: Visit the FHA Resource Center for more information on all FHA programs. ...
www.hud.gov/offices/hsg/sfh/insured.cfm
 
Federal Housing Administration

portal.hud.gov
 
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
 
Wells Fargo Home Mortgage - Homebuying - Government Loans
FHA and VA government loans offer affordable financing options that can help you become a homeowner. ... Let Wells Fargo Home Mortgage, a FHA/VA mortgage lender, see if these ...
wellsfargo.com/mortgage/buy/loans/descriptions/government
 
Federal Housing Administration - Wikipedia, the free encyclopedia
The Federal Housing Administration (FHA) is a United States government agency created as ... FHA loans are insured through a combination of a small upfront mortgage ...
en.wikipedia.org/wiki/Federal_Housing_Administration
 
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
 
Chase Mortgage: FHA Loan Information; FHA Advantages ...
The Federal Housing Administration, generally known as "FHA," provides mortgage insurance on loans made by FHA-approved lenders like Chase. ...
www.chase.com/chf/mortgage/fha_faqs
 
Florida FHA :: FHA home loans :: FHA mortgage rates :: FHA ...
Call a Florida Mortgage Corporation FHA loan specialist with any questions. ... FHA mortgage insurance permits lenders to make mortgages for first time homebuyers without risk. ...
www.floridamortgagecorp.com/fha.htm
 

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