eLoanz

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Archive for February, 2010



Where can I get a “hard money” loan? And,who can I TRUST?

Sunday 28 February 2010 @ 7:07 pm
hard money loans


There’s alot of robbers out there just waiting for someone like me to come along. Who can I really trust with this?

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can i refinance a land loan in with an fha home loan?

Sunday 28 February 2010 @ 6:15 pm
fha refinance


i’m buying this land and within the next two years i would like to put a manufactured home on it using an fha home loan…can i refinance them into one loan?

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Can you include closing costs into a FHA loan?

Sunday 28 February 2010 @ 4:28 pm
fha loan


I am buying my first home here in Orlando, Fl and I was told you can finance your closing costs within your FHA loan. Does anyone know out there that has come into this situation? Any Florida mortgage brokers out there?

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I am filling out an FHA refinance application & there is a $12k dif. between the loan needed & the amnt shown?

Sunday 28 February 2010 @ 6:11 am
fha refinance


at the top of the application it says the amounts are estimated, but I want to make sure I dont get taken for a ride or swindled. Are there protections in place for consumers or is it still a potentially risky environment out there. We have great credit and are going from a 6.58% conventional loan to a 5.25% FHA loan. Even with the PMI we need to carry, we’ll save about $250 per month. Any advice? I asked the lender about the 12,000 difference, and he said he wanted to make sure everything was covered so we didn’t have any out of pocket expenses and that the real loan amount would be adjusted once the real costs are put in place before closing-
please no solicitations to try a loan company from africa or wherever… or ways of making more money… I will only work with local people. is it possible to be swindled in an FHA loan?

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Reverse Mortgage?

Sunday 28 February 2010 @ 12:20 am
reverse mortgage


Just because you are over 65 and you have equity in your home, is a reverse mortgage better than a normal mortgage? What are the benefits to doing a reverse mortgage?
Does the bank actually own the home if you do decide to go with a reverse mortgage? So you only receive up to 65% of the value of the equity in your home as of the time that you sign for the rev. mortgage? If you live fifteen more years and your home appreciates another 500,000 what happens to that equity?

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FHA mortgage refinance taking 90 days?

Thursday 25 February 2010 @ 6:13 am
fha refinance


So my hubby and I went to Wells Fargo March 7th to refinance our house. We gave the mortgage every single piece of paper he needed. Now, nearly 3 months later, it’s still is pending!?!?! I call him regularly and all he tells me is to keep waiting. What the heck? I know a lot of people are refinancing but is this normal?

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Can I change my conventional mortgage loan to a FHA loan?

Thursday 25 February 2010 @ 1:52 am
fha loan


I have a 40 year conventional fixed loan that is kicking my but. Can this loan be changed to a FHA loan? With a credit score of 530?

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Can one person have a usda loan and an fha loan at the same time? Can you purchase investment prop with fha?

Sunday 21 February 2010 @ 5:41 pm
fha loan


My husband and I have currently have a usda loan on our primary residence and were wondering if we could purchase investment property with an fha loan.

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Do I have to get an FHA loan if my parents give me down payment?

Friday 19 February 2010 @ 10:13 pm
fha loan


A loan officer told me that I have to use an FHA loan because I’m not using my money for a down payment. Is this true? Can anyone help?

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FHA Loan?

Thursday 18 February 2010 @ 9:51 am
fha loan


Can someone please tell me what a FHA loan is and what does that mean?

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