Hello everyone! If there's a new blog article that I think you guys might like I plan on posting it in the Forums.   This week's article is: 6 Things to Consider Before Getting an Adjustable-Rate Mortgage   Let me know what you think about the article.   For more content don't forget to check out our blog ..read more

I m looking to sell my house and use the va loan process to purchase another home. At present time I have a couple of charges that fall off exp in jun/jul 24 then one fall off eq oct 24.  I have a late payment that will be 2 years current on Oct 24. At present time 5,4,2.eq 681, trans 662, n exp 726 Last two charges off are from exp and one for oct is eq.  So I m believing my scores should go up from here.  My wife middle score is high 700s.   So should I wait until oct to do loan r safe to go with applying in aug r sep????? Dti will be about less then 500 dollars. We ..read more

Hi, I'm currently trying to qualify for a FHA 203k loan in MD. I have a few questions that I'm hoping to get unbiased answers about. One mortgage company told me to pay on my collection accounts. Another told me it doesn't matter as they are from 2016-2018. So one of my questions is should I try to get a lower payoff and just pay them off? If I don't, will it be included in my DTI? Would it be bad to refinance a current loan I have to pay them off? How fast will paying them off raise my score? (I've already gained 70 points on one score in 6 weeks, but the other two will not go up) I'm using ..read more

I want to apply for Home Equity Loan.  Does borrowers have the option to set for "Number of years" for repay ? Or only a lender has the power to set the terms especially the number of years ? Basically I wanted to ask for 30 years for repayment. I dont want the lender to dictate me the period. Is there an option for borrower to tell how many years he/she wants for repayment ..read more

Happy May! I'm reaching out for suggestions, tips, and education on how to improve my chances for a mortgage loan...or opinions on whether I should even try. I've been renting for 20 years (previously had a mortgage with ex-husband)...but paying rent at today's prices just doesn't make sense. Here are my details: * Current Middle Mortgage Score = 637 * Built and owned a house from 1995 - 2018. Divorced in 2011 but house was sold in 2018...Would I qualify as a first-time home-buyer? * Excellent personal rental history since 2004 (no missed/late payments) * 2023 Reported Gross Income = $105k *Em ..read more

I'm in the beginning stages of trying to make a primary home a rental when I have to move cross country this summer for work.   I have over $100K in equity but the house would need some minor updates to make it competitive in the local rental market (ie flooring, paint, newer appliances).    Since I have low interest, a Cash-Out refinance is not an option, and I don't want a HEL as I don't want to pull out a set amont of equity as I don't have any big purchases planned, and I don't need a  debt payout.   So I was looking into HELOCs. -I looked to AVEN CC and was pre-ap ..read more

There was a guy on here. His handle was @VALoanMaster  he hasn't been active im two years. Does anyone know him or how to get in contact with him ..read more

For the importance this Rico plays in your life it should be litigations at least how difficult they make your life, on purpose imo. i want as close to 800 credit as possible. Building a small house. My credit reports are not the same. Missing loans from local banks. Real estate loans. Bridge loans. Into the 100s of $$$$$. Not mention. The yearly renewable loans like 20- yrs just aren't there. can I turn in this data to all 3 credit reporting agencies ? I've felt with difficult orgs before. I will do my work on my end to make it easier for them to get the information needed to add to my length ..read more

Me & my husband both received raises at the first of the year. wondering if mortgage lenders will go by our current pay or do they go off of the last 2 years? We are both hourly. It will be about an extra $15,000/year ..read more

Hello!  I met with a lender today and was left a bit confused on the housing ratio.    My current situation is as follows:  - Income: $210,000 a year  - Debt: NONE   - Mortgage scores (5,4,2): 763, 757, 774 - Spouses' mortgage scores (5,4,2): 780, 800, 773 - Funds available for down payment/closing costs: $410,000 - Other assets (401K): $110,000     I was hopeful that because my wife and I have been living without any debt for the last 5 years we could increase our housing ratio beyond 28%.  However, the lender said having no deb ..read more