I have access to a low interest loan program. If I were to just take out a loan for the down payment and closing costs of an FHA mortgage would this effect my chances of getting the loan? Thanks

How do i go about applying for a new business loan?
I am starting a new business by buying and reselling consumer electronics, what do i need to obtain a new business loan or a grant.
What do the banks look at before getting you approved?

I currently rent an apartment for $930 a month and I’m tired of just giving my money away. I want to buy a home.

Unfortunately, my credit is a bit damaged and I am pretty sure a lending company may look at me with some doubt. However, I just checked with the VA office and they sent me a Certificate of Eligibility showing that I do qualify for a VA home loan.

My question is, does having this type of backing help ease the minds of potential lenders, or is the VA loan a completely different entity?

I should also note that I’ve priced many townhomes and condo’s that would be a significantly lower monthly payment.

Thanks.

Is the predatory lending crisis the fault of greedy banks who unscrupulously loaned money, or is it the fault of stupid people who didn’t understand the credit disclosure fine print.

I am a loan processor, and to my understanding, the URLA (residential 1003) is useable for both commercial and residential. An LO is saying otherwise. Do I need a dedicated commercial app. for Fannie or California DRE compliance?

We’ve had a visit from a broker consultant showing us how to reduce our mortgage from 28 years to 5 years by creating mortgage account with a credit card attached that both of our wages are deposited directly into, reducing the interest significantly, and living off the allocated credit on the attached card. It all makes logical and mathematical sense on paper, and he’s accredited. I’ve still got my doubts. Anyone with similar experiences? It’d be great to have someone who does know what they’re talking about please.

I don’t think it’d be smart to apply with me when I have a low credit score and make mid 40s salary, would he get approved alone and is that a good idea? Any help would be appreciated…

My parents have a loan for $489K and the house is now worth $389K. In 2010, they have ARM that will adjust from the fixed rate they are at now. They will not be able to afford those payments can they refinance to a fixed but not show documentation for income or can my sister purchases the home for a higher value than the house is worth. Would it be better to short sale the house. Are there any options???

The answer that was given was either misleading, uninformed or confused. The Mortgage Industury, which supports flipping of houses, has changed the law on the Federal level where they can take your home with one missed payment. I do not who this ‘expert’ is.

I lived through it with National City Bank. I missed one (singular payment. Although their ‘Loss Mitigation Dept’ try to work with me, the repayment to get back on track was $1,000, next month $4000 and the next $9,000. In the meantime they hired a foreclosure attorney which sent me threatening letters, but years end, the so-called amount to right the loan was $64 thousand dollars.

You see, in West Jordan Utah, house prices skyrocketed from $130K to $350K. National City bought the home back from themselves for $108K. I had short sale offers as high as $122K. Instead I filed bankruptcy to stop the foreclosure on automatic stay. The Fed Bankruptcy Court let the house go in May 2004 to the NCM, profteering.

I watched a commercial washington state by Chase the bank abou a student loan. Does anyone know the website link that goes directly to the student loan page that they were talking about?