Tdtele Mortgage and Loan

How can I get the lowest mortgage payment with a 30 yr fixed?

admin — Fri, 18 May 2012 13:12:00 +0000

My fiancee’ and I want to buy a house in CA for about 600k. We can put down about 250-300. Our combined income currently is 150k + and our credit scores are both over 750. The problem is I have to continue to rent in MA for about another 6 mos for work and we want to try and keep our monthly mortgage payments as low as possible til I can get back out there. Are there interest only options for 30 yr fixed loans??

What is the best type of mortgage loan for the lowest monthly payment? 30 year fixed? 2/1 ARM? I need a loan with no PMI and low points and the lowest possible mortgage payment a month. What Im working with: Credit score 600 Annual assets (Salary) 34500 Monthly Debt: 70 House loan amount: 106000 Available to put towards closing costs (Including down payment) 12000 Any ideas?
How can I find the old listing of my house? The house I just bought was recently remodeled. It was sold in 2007 before the remodel. How can I find that 2007 listing? I would love to see the pictures and see how the house used to look! I think they did a great job with the facelift but I want to see how it ...
Mortgage Prepayment Questions I am trying to find out which is the better way to go: Suppose I get a 30-year fixed 5/1 ARM, so I get the lowest possible interest rates for 5 years. At the end of the 5th year I sell my house, and therefore have the money to pay off the loan. And suppose I have ...
Mortgage Affordability Hi, I was hoping I could get some clarity before I approach a broker. I make about 7K net on a 9K gross per month (plus a yearly bonus of about 10-15K) and I dont have any debt. I use personal credit cards for business expenses and my employer reimburses me for those expenses, so my credit ...
When considering what mortgage to go with, why is everyone so against interest only loans? I think they are great when you have a commission based job/career. We have a fixed interest only loan, so if things are tight we can pay bare minimum and when they are more relaxed we can more than make up for that loss of principal by paying more.......And every time you pay principal ...

Can someone help me to calculate mortgage payments?

admin — Fri, 18 May 2012 12:12:22 +0000

I keep thinking I am doing it wrong. I use to work as a loan processer, but all I had to do was enter the figures into CAYLX software and it did the math for me. So just to assure I am not screwing up… Can someone tell me how to come up with the monthly mortgage payments?
I want to be able to figure it out on my own!

What can a mortgage company do if I am supposed to be living in a home and I decide to rent it out? I am buying a home and its with an FHA loan. The monthly payments will be easy for me to pay but I think I can rent it out for way more then the mortgage payments. So I am thinking about renting it but under FHA loans its supposed to be owner occupied. Do they ...
How do you calculate return on investment when interest on mortgage pmt is deductible? So I am looking to calculate ROI and rant into what I'm sure is a rudimentary problem. My outflows are the down payment, and the monthly mortgage payment. My inflows are the renter's payments and the interest that is a tax deduction. Do I consider the interest in the returns or in the investment?
VA Loans I see how down payments affect the price of your home. But when you use the VA loan you dont have a down payment. So how does that affect the price of your home? by Mike Licht, NotionsCapital.com We are thinking of purchasing a house from my father. Instead of using a mortgage broker or bank, ...
What is the typical monthly payment on a mortgage? Hello. I am interested in the what it costs to actually purchase a house. What are the typical monthly payments? I have heard upwards of $ 1500 a month. I have even heard of monthly payments as low as $ 500 a month. What is the truth about ...
Can you make your mortgage payments with a rewards credit card? I figure if they let you, you can receive a couple of airline tickets each year from Mortgage payments alone.

Should I pay my mortgage next month or just wait for the mortgage bailout?

admin — Fri, 18 May 2012 11:12:56 +0000

Come on – I could be spending my mortgage money on other things.

Why should I be responsible and pay my bills – if I don’t I will be rewarded with a bailout of my mortgage.

So, why so I pay my mortgage – the government suddenly seems to have an endless supply of money for people that can’t afford their mortgages and I’ve just decided that I can’t afford my mortgage. Please help me Obama!

What affect will the government bailout have on future mortgage rates? We are currently building a home and won't actually secure the financing until February or March of 2009. What is the likelihood mortgage rates will go down and by how much? We plan on locking in a rate, but don't want wait too long before they start going up.
Is there a better way to purchase investment housing than a mortgage? How can people afford to do this? I own the house I live in (a small part of it), a condo I rent out, and I'm looking to expand. I have excellent credit, money to make a 20% down payment, and I'm looking at buying a relatively cheap pre-forclosure house. I'm getting high monthly payments estimates from mortgage companies. I'd make next ...
Can mortgage company pay utility bills after we moved out of our foreclosed house? My dad's house got foreclosed last year. We moved out after the county told us to, but could not afford to pay off the house's utilities (Electric and Gas) when we moved. The bills started coming to our new apartment after we moved in. We cannot afford to pay them. We also have received ...
What can the mortgage company do when I have two properties and can only afford one? I have two homes with the same mortgage co. One I can't afford and the other I can. The one I can afford has a little equity. Can they force me to sell it if I go into foreclosure?
How much could I get a mortgage for if I make 31k a year? I've been hearing about this 8k home credit if your a first time homebuyer and buy a new house. I'm thinking about buying a place by the end of the year. I don't make that much money, only 31k a year, however my motorcycle and car are both paid off so I don't have any big ...

Is the principal balance on a mortgage higher or lower then what is owed if you sell your home?

admin — Fri, 18 May 2012 10:11:48 +0000

My mortgage company will only give me a payoff in wiriting and that takes 10 days. I just need to know if I sell now is the full principal balance owed or is the amount less?

Mortgage Prepayment Questions I am trying to find out which is the better way to go: Suppose I get a 30-year fixed 5/1 ARM, so I get the lowest possible interest rates for 5 years. At the end of the 5th year I sell my house, and therefore have the money to pay off the loan. And suppose I have ...
Where can I find a mortgage calculator to see differences if I pay more principal? The only ones I am finding are for new loans. I need one where I can plug in what I owe on my mortgage interest rate etc then how much I would save by adding additional principal each month. We already pay some additional principal but I want to compare it to my mortgage ...
How can I hedge against my mortgage payments going higher? My mortgage payment will adjust in about 18 months. The mortgage balance is $ 300,000. I can not refinance now since I am unemployed; however I do have a lot of money saved and invested. My savings and investments are about equal to the mortgage balance. Payments at this time are about $ ...
Can I place the remaining mortgage payment on my existing home towards a mortgage on a new home? Amidst this struggling economy, I'm looking to sell my townhouse and purchase a single-family home. I know I will not sell the house for more than I originally purchased it for, but will I be able to transfer the remaining balance of the mortgage after I sell the townhouse to the mortgage on the new ...
Mortgage Affordability Hi, I was hoping I could get some clarity before I approach a broker. I make about 7K net on a 9K gross per month (plus a yearly bonus of about 10-15K) and I dont have any debt. I use personal credit cards for business expenses and my employer reimburses me for those expenses, so my credit ...

What if I apply for a mortgage twice in the same week? How many credit inquiries?

admin — Fri, 18 May 2012 09:11:55 +0000

If I were to apply for pre-approval for a mortgage twice in the same week would it count as two credit inquiries on my credit report or just one? For example- I expect to buy a home priced at about $ 70K so I apply for pre-approval and am accepted. 3 days later I find a home that is $ 75K, like it much better than anything at $ 70K, and know that I can afford it if I cut out the daily cappuccino. When I apply for approval for 75K does it count as a new inquiry on my credit report, potentially lowering my score, or is it overlooked due to the same inquiry within a week from the same bank?
Prices used in the example are meant to reflect offer prices….
I can’t see why a bank would draw a second report if I was meeting directly with a loan specialist. My question is geared more toward applying online. Do you suspect that they draw a report each time? This doesn’t make much sense to me….if you apply at 5 banks for a mortgage to compare rates that is 5 inquiries which won’t come off your reports for 2 years= bad,bad,bad

How can I be on our mortgage without an existing credit score? My husband and I want to apply together for a mortgage, his credit score is excellent, mine is non-existent since I have been in the US for only 3 years and have used credit cards related to my husband's account only. Is there still a way for me to be on the mortgage? Will my income ...
Things you need to know about no doc loans can be difficult to prove your income if you are self-employed or work for a part time job and your income is one of the most important factors that lenders look for when applying for a loan. It is here where loans can be very useful document. For people who do not have a ...
How can I get a mortgage if I have credit score under 400? Most of the mortgage companys I have tryed will not give me a mortgage because I have a credit score under 400. They say they will not help anyone with out having a credit score over 500. I have a fourclouser on my credit and a really old credit card bill that I refuse ...
Mortgage Approved, How long it takes to show in the credit reports? If I get approve today for a mortgage loan, how long does it take to show up in a credit report? Or If get approve for an Auto loan, how long does it take to post in the credit report. The credit report that the lenders can see.
Getting refund for appraisal when it was late and lock expired I started working with Statewide Realty and Mortgage on October 11 and submitted all docs by Oct 14. I had a 30 days lock on the rate. The lender was EVER bank. I also provided my credit card info for appraisal. My credit card was charged $ 400 on Oct 25. My broker got ...

What should I bring with me when applying for mortgage loan?

admin — Fri, 18 May 2012 08:12:42 +0000

I have an appointment with a mortgage lender, and I want to know what I should bring with me.

I have already gathered the past 2 months of bank statements, 2 months of paycheck stubs and tax returns for the past 2 years.

Should I also bring my current mortgage statement? IRA statement? 401K statement? Anything else?

do I need to show tax returns while closing on my loan? I was just pre-approved for a VA Loan through BofA. They wanted Military ID, ID, Bank Statements, D-214, 2 years W2s, and Paycheck stubs. Do they need tax returns for the last few years? I have filed, but owe every year and am on a payment plan paid every month to the IRS. will this ...
How long should it take to start receiving a monthly statement from your lender after reaffirming mortgage? My wife and I reaffirmed our mortgage with Wells Fargo Financial after filing bankruptcy. The papers were signed April 22nd with payments to resume May 18th 2009. We have been paying our mortgage every month but still have not received a monthly statement. How long should it take to start receiving a statement again?
Will a mortgage company underwriter verify your bank balance if the have up to date bank statements? My information is being sent to the mortgage underwriters but, I have had to withdraw some funds from my bank account. The bank statement they have is current. Will they call my bank to verify funds even though they have bank statements and I haven't provided a telephone number?
Do I need an actual 1098 form to itemize mortgage deductions? Also, do I need a HUD settlement statement for the mortgage, and do we need a written receipt or statement from our daycare operator that we paid out $ 5000 in daycare? My wife and I are filing jointly but we are seperated and are divorcing next week, so she ...
What are tax returns used for when approving mortgage? I forgot to file taxes in 2005. I have to turn in past 2 years tax returns for final mortgage approval. I filed the return right away, dropped it off at local office with check for balance. Will this hurt my chances of the mortgage going through? Bank had my W2s and tax returns will ...

My father is leaving me his home in a life estate. Will I pay the current mortgage monthly payments?

admin — Fri, 18 May 2012 07:11:50 +0000

I am wondering if the mortgage company can change the terms of the mortgage once I am responsible for the payments. Thanks.

What can one do to reduce mortgage payments? I am unemployed, so I can't help my mom on the mortgage payments. We lost my dad to cancer a year ago and so my mom's own income, under 2k a month, is all she has to pay the house. Soon the life insurance will dry up and then we won't have anything. I know ...
What can a mortgage company do if I am supposed to be living in a home and I decide to rent it out? I am buying a home and its with an FHA loan. The monthly payments will be easy for me to pay but I think I can rent it out for way more then the mortgage payments. So I am thinking about renting it but under FHA loans its supposed to be owner occupied. Do they ...
VA Loans I see how down payments affect the price of your home. But when you use the VA loan you dont have a down payment. So how does that affect the price of your home? by Mike Licht, NotionsCapital.com We are thinking of purchasing a house from my father. Instead of using a mortgage broker or bank, ...
What is the typical monthly payment on a mortgage? Hello. I am interested in the what it costs to actually purchase a house. What are the typical monthly payments? I have heard upwards of $ 1500 a month. I have even heard of monthly payments as low as $ 500 a month. What is the truth about ...
How do you reduce my mortgage payments, or stop them all together? A family friend has bought his house for around 130,000 around 10 years ago. The current home value is 44,000 and he has to pay around $ 900 in mortgage payments. Is there any way to lower, or even stop, the payments altogether? What is the best solution for this dilemma?

How to proceed if the notary lied about being present at the mortgage signing?

admin — Fri, 18 May 2012 06:13:55 +0000

Should we hire an attorney and try to get the mortgage voided? Sue the broker?

What if your mortgage broker lied about your income and you were not aware? It's me again. I did not know that my mortgage broker lied about my income until he told me after the fact. Yes he admitted it to me.He actually used it to tell me how hard he worked for me to get the loan. The original application was filled out in my home with one ...
What would happen if i lied about my age on a mortgage application ? I would like to lie about my age on a mortgage application. I have 730 Fico, a 400K Gross small business corp and 30K in brokerage account. However if i disclose my low age my broker and agent might not make me seriously ? What will happen if I list an incorrect age?
I work for PMA mortgage in Highlandsranch,CO and i totally backstabbed and lied my way to manager position? I work for PMA mortgage in Highlands Ranch, CO and backstabbed and lied my way to manager position, now that i'm manager the company is falling apart do to my own ignorance and alcohol-drug dependence...How can i get myself out of this mess and still be able to look at myself in the mirror every ...
In the market for a new home, looking for a broker with experience in our situation …. My wife and I are in the market for a new home. We have done some research online, and have trouble finding a broker with experience in our situation. We are looking for a loan that best suits our needs as a family. Working full time and my wife is housewife. We have no ...
is it easy to obtain an FHA mortgage now after you have been turned down for a conventional mortgage? I am selling my house and am in contract with a buyer who has agreed on a price of 320K and has put down an initial down payment of 17.5K. The buyer & their Attorney just told my Attorney that they were turned down for a conventional mortgage but are confident that they will be ...

What to look for when finding someone to do forensic audit of mortgage loan?

admin — Fri, 18 May 2012 05:13:32 +0000

I was on a site that gave a free audit to see if there were possible violations on my HUD-1 paperwork for my mortgage. It asked a few simple questions. From the info I gave, it showed that there might possibly be violations. What should I be looking for when hiring someone to do an audit?

What happens if I foreclose on my mortgage? Will they audit the file if I went stated income? Also I have a first mortgage and also an equity line. I still have money on the equity line. If i spend that before I foreclose will I become liable for that money?
why list agent not eager to sell the property ? there is a local list agent who always got many foreclosed (REO or bank owned) properties under his name. He said his specialty is the REO. He can sell quick and most important he can sucessfully let the seller (Banks) mark down the list price. I have tried many times to buy the properties directly from ...
mortgage loan through BBVA Compass To whom it may concern, Buying a home is such a significant change in your life. If you and your husband/wife are looking to buy or will buy a home, and concern about which loan company that you should use, here is the real story that happened on me and my husband, I hope it ...
Final Loan Approval Issue I'm a first time homebuyer and thought I was very close to receiving ATC from my lender for an FHA loan, but they have raised a few issues at the last minute that are now holding up the process. I wanted to outline a timeline of the relevant events and see if this was normal. 10/3 ...
How would I go about holding a mortgage for someone who buys my house? House is free and clear, I am consider selling and have been asked if I would hold the mortgage. I am confident in the character of these people. Who do I see, what do I do? New York State.

What’s the rule on mortgage interest deductions?

admin — Fri, 18 May 2012 04:17:12 +0000

I wasn’t quite clear on the instructions in the 1040 booklet. Am I correct in assuming that if I have a loan under $ 500,000 and I’m married filing separately, I cannot deduct the interest paid on the mortgage for the past year?

Can my spouse claim mortgage interest paid on his taxes if its under my name? Married filing separately. His income is higher, so can he claim mortgage interest paid instead of me if it's under my name, since we are married? He's a co-owner of the home but the mortgage is under my name only.
What is the limit on mortgage interest deduction filing as head of household? I know when married filing joint, interest on $ 1,000,000 on first mortgage and $ 100,000 on home equity is fully deductible. These limits are cut into half if you are married filing separate. What would be the limits if your filing status is head of household? What about single?
Do I have to itemize deductions to deduct mortgage interest on a house? I am planning to buy a house in the state of washington in year 2010. Since I don't have mortgage, I take the standard deduction now and I am wondering if I can keep doing it next year and still deduct my mortgage interest payments.
What percent of mortgage interest and property tax can I deduct on my 2006 tax return? I paid $ 17,465.65 in mortgage interest this year and paid $ 2,665.42 in property taxes, I make $ 52,000 a year.
Can I deduct my mortgage interest and the rent we pay for my husband’s apartment? Every year, we deduct our mortgage interest when we file our income taxes. This year my husband had to move to the other side of the state for a job opportunity and he had to rent an apartment. I remember from when we were younger & rented exclusively that we were able to claim the ...

Tdtele Mortgage and Loan

How can I get the lowest mortgage payment with a 30 yr fixed?

Related Posts:

Can someone help me to calculate mortgage payments?

Related Posts:

Should I pay my mortgage next month or just wait for the mortgage bailout?

Related Posts:

Is the principal balance on a mortgage higher or lower then what is owed if you sell your home?

Related Posts:

What if I apply for a mortgage twice in the same week? How many credit inquiries?

Related Posts:

What should I bring with me when applying for mortgage loan?

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My father is leaving me his home in a life estate. Will I pay the current mortgage monthly payments?

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How to proceed if the notary lied about being present at the mortgage signing?

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What to look for when finding someone to do forensic audit of mortgage loan?

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What’s the rule on mortgage interest deductions?

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