HELoan contact Notary ?
myFICO » Mortgage Loans
by dave1980
7h ago
my HELoan is scheduling for closing tomorrow. Lender said Notary will arrive tomorrow at scheduled time. Lender also shared the documents via a portal to review which will be available for signing tomorrow. The document has a instruction page for Notary to contact borrower to confirm date and timing within 24 hours prior to closing. Notary has not contacted yet. Lender says they may or may not contact and that I also need not contact him. Is the Notary legally obliged to contact borrower to confirm closing date and time ? Should I be concerned if Notary does not reach out to me ? Can I reach o ..read more
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Deed of Trust Expiration
myFICO » Mortgage Loans
by busyone1
2d ago
So I had a title search done a couple of years back.  First mortgage and another loan right behind it. Then there are 2 more deeds of trust but the attorney that did the search stated back then that these 2 deeds would expire from the date put on as liens plus 15 years.  Well 2024 is the 15 years.   If I were looking to cash out refi to pay off the 2nd would the other 2 that were to expire this year still be there and have to be paid off?   ..read more
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HELoan notary
myFICO » Mortgage Loans
by dave1980
5d ago
I'm scheduling for closing for Home Equity Loan. Per my lender, a notary has been signed who will show up at my home on scheduled date for signing the closing papers. The notary has not reached me or probably wont even reach me prior to scheduled date. What if the Notary does not show up on scheduled closing date ? What happens in that case ..read more
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Help - i need to get rid of PMI
myFICO » Mortgage Loans
by Sk323i
6d ago
I have a mortgage with PMI   Its with PNC bank   I have called several times over the past few years asking for PMI deletion.   They always say they will send some letter with details on the process,   That letter never comes.   I continue to pay PMI   I have no idea how to remove it.   My home has appreciated in value.   I feel like I am being scammed ..read more
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Open Chapter 13 mortgage lender
myFICO » Mortgage Loans
by Lcr1074
6d ago
Hi, anyone have and who can share their lender information who has successfully obtained a mortgage refinance or heloc and who are active with a chapter 13. I reached out to several banks and lenders all with the same response must be discharged for 1 year. TIA ..read more
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CIT Lending SBA
myFICO » Mortgage Loans
by hpertrain
6d ago
Brief history. Back in 2007 I took out a loan with CIT that was backed by the SBA. It was in my LLC name but I personally guaranteed it foolishly using my house as collateral. Fast forward to today and I have enough equity to pay the lien off. However on a Title Search I did in 2020 it shows the lien in 2nd position to CIT Small Business Lending.  I did speak to the Treasury Offset division who stated I did have one SBA backed loan for a much lower amount than the lien.  That of course makes a difference in equity so how can I find out what I actually owe ..read more
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Second Mortgage when you are a co-borrower on an existing mortgage.
myFICO » Mortgage Loans
by Baha3
6d ago
Hello Everyone   I wanted to know what is the technical difference between co-signer and co-borrower, how it will affect me as a co-borrower when shopping for a new home?   For context, My sister and I purchased a home 3 years ago with FHA,  she was the main borrower and I also co-signed/borrowed to help get it approved.   My name is included on our statements and the mortgage does reflect in my credit scores. We are in good standing no missed payments or anything negative. I recently got married and would like to start searching for a house and my own mortgage with my wif ..read more
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Home Equity Loan funds
myFICO » Mortgage Loans
by dave1980
6d ago
I'm approved for Home Equity Loan and on track for closing. Lender said I can provide the direct deposit account information when I meet the Notary at closing. If the Notary takes the account information, is it the title company that is going to deposit the funds into my account post closing [or] is it lender who takes that account information from title company and eventually deposit the money into my account ? Please help ..read more
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Paying off installment loand
myFICO » Mortgage Loans
by girouard68
1w ago
I m in process of selling my home. That mean home will be paid off and I'm going to payoff my slingshot loan also. I have 5 other installment loans but want to pay off a could of them. My question if I pay these loans off will my mortgage scores drop or just my fico 8 will drop. I will keep at least two installment loans on credit. Most of the loans are less than 2 years older and slingshot loan is less than 3 years. Just don't want credit score to drop by 40 or 50 points. Going to buy new house in december or January tkz ..read more
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Home Equity loan funds
myFICO » Mortgage Loans
by dave1980
1w ago
I'm in the process for scheduling closing date with my lender for HE Loan. What is the safest way to receive funds? Is it wire transfer or check by mail ..read more
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