Can I Get A Mortgage At 66? Can I get a mortgage at 66? A standard rule of thumb applies, regardless of age: So long as your mortgage payments are no more than 45 percent of your gross income, you should be able to get the mortgage. Is it hard to get a mortgage at
Can VA Loans Close In 30 Days? Can VA loans close in 30 days? It is possible to close on a VA loan in as little as 30 days. This makes buying a home with a VA loan just as fast as a traditional mortgage. The key to a fast closing lies in making sure
Can You Get A Fixed Rate Mortgage? Can you get a fixed rate mortgage? The short answer is that fixed rate mortgages are not harder to qualify for than adjustable rate mortgages (ARMs). For both types of financing, you have to jump through all the same hoops and meet all the same standards. So why
Can I Sue My Loan Broker? Can I sue my loan broker? In theory, if you have lost money because your broker (or any financial institution) gave you bad advice, mismanaged your investments, misled you, or took other unlawful or unethical actions, you can sue for damages. Can you sue mortgage lender for lying? Additionally,
Can You Sell Your Home After You Refinance? Can you sell your home after you refinance? You can, technically, sell your home immediately after refinancing, unless your new mortgage contract contains an owner-occupancy clause. This clause means you agree to live in your house as a primary residence for an established period of time. How
Do Mortgage Brokers Help With Refinancing? Do mortgage brokers help with refinancing? A mortgage broker can offer a wider array of options and streamline the mortgage process, but working directly with a bank gives you more control and costs less. Do Realtors help with refinancing? Generally, most homeowners looking to refinance their mortgages do so
Do Loan Processors Need A License? Do loan processors need a license? You must have a loan originator license if you work as an independent contractor Loan Processor (receive a 1099) for a loan processing company. You must work from a licensed location under the loan processing company’s mortgage broker license. What does a loan
What Does USDA Underwriters Look For? What does USDA underwriters look for? The applicant must: Have the legal capacity to enter into a loan agreement; • Have the financial resources to repay the loan; • Have an acceptable credit history; and • Meet the specific requirements for participation in the program, such as eligibility based
What Does GSE Mean In Mortgage? What does GSE mean in mortgage? Fannie Mae, Freddie Mac, and the Federal Home Loan Banks (FHLBs) are government-sponsored enterprises (GSEs) that help bring capital to the housing markets. Their regulator is the Federal Housing Finance Agency (FHFA). HFAs and the Housing GSEs. Is FHA considered a GSE? GSE
Does It Cost Money To Get Pre Approved For A Mortgage? Does it cost money to get pre approved for a mortgage? Prequalification is generally a quick, free process where a bank takes your financial information and lets you know generally what your loan will look like. Preapproval is actually a follow-up process that is