asked:


can i get a home loan financed without outrageous interest if i’ve had a foreclosure in the past few years if i get someone to cosign/coborrow with me that has really good credit? or maybe have the person with the really good credit take the loan out for me and just add my name to the title (would that do anything to help reestablish my credit..?).

thanks.

**and before anyone starts in on how i should have been responsible the first time, i was…i left my husband and he defaulted on the mortgage after he agreed to make the payments.

DWAYNE

babieyig asked:


just wondering..because just recently i applied for a loan there and gotten approved and was ready to buy a home but at the last minute my loan officer told me that i wasn’t approved anymore…he had no excuse and then told me he could refer me to another mortgage that could maybe help me…the other mortgage did approve me but it was about 1.25 more of the interest rate…i just don’t want to trust them…
my score is 721..

MASON

Spring love asked:


We just got married and my credit score is 726 with $21,000 in debt, (mainly in car payments) My husbands score is 629 with $20,000 in debt (again in car payments and one credit card). Would it be easy for us to get a mortgage with these scores?

I know there are a lot of other details that factor in, we are just looking for suggestions! Thanks

JOHN

FromTheTop asked:


Right now, my mortgage is in my name only. My loan is for about 74k. I work as an insurance agent, and am doing pretty well for a rookie. I am on my way to making about 50k this year in my first year. The home I am wanting to buy is about 145k. What are the chances I will qualify? What can I do to help qualify? I have no credit cards. I owe 10k on a jeep, and about 15k in school loans, and about 5k in other miscellaneous loans. My wife makes about 12-15k a year.

PATRICK

mixmaster asked:


I currently have a fixed 6.5% 30 yr fixed loan. I recently got laid off and my wife works full-time, but is not on the loan. We are having trouble with making the payment at this point and could actually catch up, but that would leave us with no money and no possible way of making payments after that. Technically my house could be appraised at about $10k or so less then what the loan is for, not sure if they take that into account when they do the modification. Does anyone have any dealings with them or have any advice on how to get this taken care of? We only need the payment reduced by about $250 or so, more would be better of course. What would they be able to modify? The interest? The total amount? They asked when I was going to be employed again, I said probably next month and they asked for an employment letter stating what I will be making. I said I can get that and send it to them, then asked what if I am not going to be making as much as I was. They said they could not use my wife’s income so she would have to be assumed onto the mortgage, I am assuming having her name on the loan also, which is fine with me. Any help would be greatly appreciated. By the way the bank is Flagstar. Would I be able to lower my rate and will I be able to utilize the Home Stability Act that President Obama has laid out. According the website the bank would have to voluntarily participate in it but they are incentives to them to do so.

I asked this question before but I added some extra stuff to it.

PASQUALE

the one asked:


with a cheaper interest rate, to pay off the remainder of my mortgage??

RUBIN

shelli b asked:


–The house costs around $140,000.
–Could give a downpayment around $60 to 75,000.
–Plan on paying off all of their bills (currently on a debt management plan and late on some others.) so they would have no debts other than a school loan.
–Credit scores not the greatest. I believe around 620 for both husband and wife.
–Moving from Calif. to Arizona.
–Wife will have same job when moving to AZ–make about $2,400 month.
–Husband will not have job yet when wife moves. Plans to move once a transfer on current job goes through. Will visit on some weekends. (could be 6 months, a year?)
– They own a home in California but are accepting a mortgage buyout and their names will be taken off mortgage.

Any insight on this one? Thank you!
Husband makes about $3,500/month, but since he doesn’t have the job yet in Arizona, is that going to be a huge problem.

BLAIR

Corey asked:


We live in Rhode Island and my grandmother is trying to get her tenants to get a $45,000 mortgage for the remainder of what they owe her. Five years would be ideal.

ANTHONY

ben k asked:


I would like to buy a foreclosure home in the Madison, WI area. The home is on the foreclosure market for 75,000 but the appraisal is around 130,000. The home needs quite a bit of work and I’m wondering if I may be able to take out a mortgage for around 105,000 so that I can purchase the home and make the necessary improvments? any help or sources would be greatly appreciated. Thanks!

TERRENCE

Justin T asked:


Wanted to know if it would be a good idea to get a home equity loan to pay off my mortgage, truck, and a couple other bills that i have? I have heard that u can take the interest off taxes but don’t know

KENNITH