NLIC.org

Courtney Said:

what do mortgage lenders require to qualify for a 'no down payment' home loan?

We Answered:

Good credit. Over 700 if not over 720 fico. Reserves help also. Have around 6 months house, taxes, and insurance in the bank. You can get a loan without all these items, however the better loans will want them.

Edward Said:

does anyone know if mortgage lenders are willing make loan adjustments due to divorce?

We Answered:

Wow, that would drive up the divorce rate! Lower interest just because you are single!

Tracy Said:

What do mortgage lenders look for when reviewing loan modifications?

We Answered:

1) payment history-this establishes the borrowers willingness to pay the loan in a timely fashion

2) credit and income-this establishes the borrowers ability to pay the loan in a timely fashion

Under normal circumstances, a modification will not be granted if you are currently in forbearance or foreclosure. However, the market certainly isn't normal right now, so for your sake, I hope they work something out.

I wish you the best.

Paula Said:

I have a high mortgage and a loan I cannot get rid of,who are good mortgage lenders ?

We Answered:

http://www.moneysavingexpert.com/
It's free to use, free of ads
You can find everything you need to know about money saving
The man who runs it - Martin Lewis, is a consumer god in my opinion.
Can you tell us what country you are in as I just assumed it was UK

Minnie Said:

MY Group is getting a daily Spam from ! The Largest MORTGAGE Loan Lenders Directory On The NET?

We Answered:

You have to be an owner or moderator to stop it.

If you are, then click on Management on the left-hand side of your Group's web page. Then click on Messages under Group Settings. Then click the (small) Edit link next to Posting And Archives. Then select Moderated in the Moderation column. Don't forget to click Save Changes when you're done. This will force all messages to be approved by you (or another moderator) before being posted to the Group; the junk mail like you mention can be deleted in the approval process without being posted to the Group.

Jennifer Said:

Will lenders accept contract for physician residency as income towards a mortgage loan?

We Answered:

No.