CuriousFellow asked:


Would there be 2 seperate closing costs if I do get 2 seperate mortgages? What are the disadvantages of getting seperate loans?

Ashley

Jackie asked:


Hi. I am in the process of buying a home. The seller is calling me and my mortgage broker 2-3 times a day asking for a closing date. My broker just told me that the only final condition is the payment history on my student loans. I just got out of school and consolidated my loans and put them in deferrment. They are including the payment in my monthly debt even though my 1st payment on the student loans isn’t until Dec. 06. Therefore, there is no payment history. My broker said Underwriting was using that as my payment history as I don’t have any other credit card debt. My car was paid off 1 1/2 yrs ago. Will this make my loan fall apart? Is there anything I can do to speed up the loan so the seller will back off? The house is a REALLY good deal! Help. Experienced answerers only. Thanks!

Rodney

Claudette asked:


I read some where on line if you want to be pre- approved for a home mortgage loan as a first time home buyer – if you have a judgement you won’t be approved for the loan.

Geraldine