How To Get A Mortgage

Frederick Said:

How does a mortgage holder get out of PMI payments on their mortgage loan?

We Answered:

PMI protects the lender in case your loan goes into default. The only way to have it removed is when you owe less than 80% of your home's value.

Charlie Said:

Can I get a Home loan with bad credit?

We Answered:

The 20%'s a huge help. Most people before the housing collapse didn't have the funds to put down a payment.

It depends on how good your wife's credit is and your income. You can use a mortgage calculator to see how affordable the mortgage will be for you, and that will give you an idea about how confident a bank will be in giving you the loan.

I'd shoot for a 650 credit score. If you pay off your credit debt and any other small debts, it'll give you an instant credit jump. This may help.

Good luck!

Arlene Said:

I want to marry him, but things just havent been that great lately...?

We Answered:

I would have to say, put yourself in his shoes. Think about How He may be feeling!! He probably feels like he is less of a man and when you yell and say things, it just reinforces it for him. If it were You with out a job and getting depressed about it, would it be fair of him to traet you in the same manner as you are treating him??

What about RESPECT for one another??!! No matter how upset you are or get, you should NEVER speak poorly about or to the man you love! Nor should he of You!!

I think that by you not being supportive and understanding you are making things worse & making him feel worse and demotivating him! You have a right to be upset with him if he is not out looking for a job, but should NEVER speak poorly to him or about him!!

Viola Said:

Mortgage???????????

We Answered:

Sounds to me like their taking what you owe for the late payments to collections unless you pay it. I would call first thing and get it straightened out..they normally work well with you.

Good luck.

Emma Said:

How can I get a mortgage for a new condo?

We Answered:

Hi Sasorisa,

You'll need to either wait until the building hits that 50% owner occupancy rate or you can try and find a lender that does portfolio loans which simply means they will hold and service it so they are not concerned with Fannie/Freddie guidelines.

Discuss It!