questions about buying first home and qualifications needed for a home loan?

Posted by onlineapproval | Renting Real Estate | Saturday 26 December 2009 4:05 pm
ash asked:


I am wondering what types of qualifications you need to get a normal 30 year fixed rate mortage? ei…employment length etc. Also what is the going rate for APR ( just the avg please), can you have a cosigner? What is the first step to take in buying a new home..should we contact a realtor or the bank? any other tips on buying my first house? Thank you

home loan

it is my loan, home line of credit. can I claim it in NJ, even if it is my father hause, but I am the one pay?

Posted by onlineapproval | United States | Friday 25 December 2009 11:07 am
Math asked:


The home in state of NJ, I am not sure if I can claim it or not, my dad is ok with it, since it is my loan, but it is his hause address and his name and SSN.

home loan

What paperwork I must keep, for my records, from my home loan?

Posted by onlineapproval | Personal Finance | Sunday 20 December 2009 8:57 pm
Knerak asked:


I got my very first own place a couple of years ago, since then I have been accumulating ALL the paperwork from the bank loan statements, the condominium –HOA; almost everything since the process start ….Should I keep them all? if not, what should be keep or toss? And for how long?
I’ve been looking online without luck…… :(

home loan

I have to write a letter in order to get a home loan as to why I have a couple late payments. Any suggestions

Posted by onlineapproval | Credit | Saturday 19 December 2009 5:28 pm
BoxerVA asked:


I had a 60 day late on a small credit card and a 30 day late on a debt consolidation loan. I am being asked for some sort of reason why they were late when really there is no reason then being irresponsible and busy. What should I write?

home loan

Can you use a home loan to buy land AND a house?

Posted by onlineapproval | Renting Real Estate | Saturday 19 December 2009 3:18 am
am?nda due 2.22.10 asked:


Or is it just strictly for house buying. Also if you could use it on land and a house would that include things like adding on a garage or building a basement? Basically if a loan was for 200k could I use on things involving my house?

home loan

What are loan processors looking for when reviewing you bank statments for a home loan?

Posted by onlineapproval | Personal Finance | Friday 18 December 2009 8:55 pm
ejffejff asked:


I show withdrawals of cash from an ATM at a casino and have put some cash back in. My bills are always paid. Do I have to explain the withdrawals (usually around 300 dollars)?

home loan

Is it possible to qualify for a small home loan when my only income is student loans and grants? W/a co-signer?

Posted by onlineapproval | Financial Aid | Wednesday 16 December 2009 6:44 pm
Paranormal Investigator in Ohio asked:


I’ve found a foreclosure home that my partner and I would love to buy. We could probably get it for about $45,000 or possibly even a little less. Together our yearly income is about $13,000. We’re making it right now in a rental paying $550/mo. rent, two car payments, insurance, and paying all utilities. Can someone give me some advice please? Thanks!

home loan

What does the final home loan approval/underwriting consist of?

Posted by onlineapproval | Renting Real Estate | Wednesday 16 December 2009 5:03 am
baebeecakes asked:


I am closing in 10 days and want to know what the underwriter/bank will be checking. Will they be re-checking my employment, bank statements, assets, etc..? Or is the only think they need is the appraisal and everything is good to go? Nervous!

home loan

If you are married can you two apply for a home loan together, and combine incomes?

Posted by onlineapproval | Renting Real Estate | Wednesday 16 December 2009 2:09 am
keke16 asked:


If so how do we go about doing that. serious replies please, preferably loan officers/lenders.

home loan

What are my Chances of home loan?

Posted by onlineapproval | Personal Finance | Tuesday 15 December 2009 12:01 am
DDDDDDDDDDDDDD asked:


I make 1200 a week but have a weak credit score 550. My husband has no proof of income but has a score of 620. If I go to apply for the loan, will they combine our scores and if so what will my chances of getting the loan? Will are looking at a house that cost 145,000 with 10,000 down.

home loan
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