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Laurie Said:

Do registered domestic partners have to both apply for a mortgage loan? I heard it's not recognized Federally.

We Answered:

No you do not have to be on the loan, if he can afford it on his income alone(which if you aren't working right now, I am guessing he can), you are good to go with just him on there. You can be on the title, that is by choice, but you do not have to be on the loan. I know my answer is short and sweet, but that's all you really need to know, I hope. Have them take you off the loan application, and then go at it from there. Good luck with you two purchasing your home:):)

Clifford Said:

Help with VA loan questions!!!?

We Answered:

1st of all, even if the person accepts the offer, you can still back out. You have pretty standard contingencies in most purchase contracts.

So if you're really nervous, back out.

Secondly, until you lock a rate, yes they can flucuate.

You can also regegotiate an accepted offer and offer less.

This is why you should have a good agent who knows this stuff.

Just curious, why don't you have a new rate? If your broker told you rates went up then they would have to know where they went up to.

If you pay discount points you have to look at the difference in your payment and see how long it take to break even.

For example: If by buying down your rate yo saved $30 per month, then $30 per month x 12 months= $360 per year in savings. If you paid 1 discount point or 1% of $109K then you would be paying $1090 up front. $1090 divided by $360 equals 3.03 years to break even. So in this simple theoretical example the answer would be yes if you plan on staying longer than 3 years, but you would need to plug in your actual numbers.

Tamara Said:

Money up front with a VA loan?

We Answered:

we just used my husbands VA loan we close on our house tomorrow. The funding fee is included into your mortgage, you will need earnest money (usually 1% of the house price),appraisal (350) and home inspection,i would still get it even on a new house...things can happen and its only around 200 (our home is under warranty and i still had it inspected) insurance will be included in your closing costs, which you will also have to pay unless you get the sellers to agree to pay some or all of it. The seller of our house agreed to pay all our closing costs, our house was being sold for 129,900 we offered them 113,000 and that they pay closing costs of 3900.