NLIC.org

Elizabeth Said:

Obama's appointments: almost criminal in themselves?

We Answered:

And if his appointments weren't bad enough, his choices for "special advisers" go beyond criminal. His 48 Czars, and counting, are a mixture of Communists, Fascists, Marxists and Socialists.

Elizabeth Said:

Mortgage company won't give wife any information?

We Answered:

"Only my husband's signature is on this document"

And he will be the only one they can legally release information on this mortgage to for whatever stupidity caused it to happen that way.

Annette Said:

Mortgage loan question. Advice needed!

We Answered:

Paying bi-weekly will save a little because you'll have less interest.

But truth be told, it really doesn't sound like you can afford a house right now.

I know that's not what you want to hear, I'm in the same boat. I can afford $600 month but there is nothing in my price range. I have to wait. Plain and simple. Once my car is paid off next spring, I'll be able to afford $900/month so we should be able to get a house then...but we're working hard on saving up a good down payment.

A lot of banks will not even approve a mortgage with 0 down anymore. They're being very careful because of all of the foreclosures.

Add: You can't afford a house right now because a) you don't have a down payment and you won't get a 0 down loan (your potential lender has ALREADY told you that). And b) you don't even have closing costs (around $3000). You're not going to get the bank to knock $10,000 off the asking price PLUS get them to pay the closing costs. Closing costs are almost always the buyers responsibility. That alone, makes you unable to afford a house right now.

You asked for any advice. Save for the closing costs, a down payment and find a cheaper house. If you won't accept that as an answer, then you should have asked for "what you want to hear".

Don't shoot the messenger, m'kay?

Glenda Said:

Dower Rights in Ohio. 2 Mortgages, Husband and wife on first her ONLY on 2nd.?

We Answered:

He can't be responsible for a mortgage he did not sign.

Deficency balance will be her issue. They will continue to try and collect as with any debit; but there will be no property underpinning the debit to use as a foreclosure threat.

June Said:

My husband & I are looking for a lender for a credit score of 580 in Cleveland, Ohio.?

We Answered:

Unless you can get a VA loan it isn't going to happen.

Daisy Said:

I am a loan officer in ohio and have an investor that has 61 mortgages reporting on his credit?

We Answered:

yes try country wide...

Carrie Said:

Mortgage Companies in OH doing FHA loans with 580 Credit Score?

We Answered:

I have heard that Wells, and B of A will "look" at FHA files with scores down to 580 but I cant verify that.
I do have a wholesale lender that says they will go as low as a 550 on FHA but the rate is higher than current market rates for FHA loans. Is there anything on their credit that can be deleted so a rapid re-score can be done?