Seems gambling with other peoples money is a lucrative job for Wall Streeters , mortgage brokers , and some banks who collect fee’s upfront and pay commissions and investors handsomely .

Am I able to transfer the loan to another security, and take the first home off of the note??? We live in Massachusetts and as part of a divorce judgement, this loan must be satisfied or re-secured in order to meet our obligations. Any help is greatly appreciated.

We are qualified for a VA loan and have found many houses on auction we would like to buy but don’t know how to go about bidding on these houses?

I am thinking of buying a house or condo. I have pretty good credit as well as a VA loan for my service in the military but I don’t have a down-payment. Is it possible to secure a home loan without a down-payment?

I have a flexible mortgage that allows me to draw down additional funds when I need them.With a growing family and a stagnant housing market,would it be a good idea to increase my mortgage by around 25k to build the extension,given the existing economic climate?

my girlfriend and I would like to buy a home
we have less than favorable DTI but have a co-signer with great credit
i have a score of about 620 and her 650

how much can i secure at what rate?

what is the likely-hood of even getting a loan

we have limited credit as well I am 24 she is 25

please don’t respond “try renting first to raise your score”
or pay off your bills first then go for the loan

needing to consolidate credit card debt. but would like to in future refinance home soon. will it cause a problem with refinance if secure with home?

Any advise is appreciated. I need to borrow, 30,000.00 and the property is worth 90,000.00
I guess what I am needing is a home equity line of credit! The value is 73000.00 I want to borrow 40,000.00 . Can anyone help me or lead me to someone who can! Only serious answers please..

There’s one thing more shocking than the illegal alien smuggling advice that an ACORN official in San Diego gave undercover journalists James O’Keefe and Hannah Giles. It’s the illegal alien home-loan racket that ACORN has already been operating with the full knowledge of the U.S. government.On Wednesday, O’Keefe and Giles published the fifth in a series of BigGovernment.com sting videos. ACORN official Juan Carlos Vera coached the pimp-and-prostitute-posing pair on how best to pull off a border-busting smuggling operation. It would be “better from Tijuana,” he counseled on videotape. Vera then generously offered the investigative couple his Mexican “contacts” to bring 12 illegal alien girls into the country for prostitution.

GOP California Gov. Arnold Schwarzenegger now wants an investigation. But neither the Terminator nor any other California public official raised a peep when the very same San Diego ACORN office publicly announced a partnership with Citibank to secure home loans for illegal aliens.

In 2005, Citibank and ACORN Housing Corporation — which received tens of millions of tax dollars under the Bush administration alone — began recruiting Mexican illegal aliens for a lucrative program offering loans with below-market interest rates, down-payment assistance and no mortgage insurance requirements. Instead of the Social Security numbers required of law-abiding citizens, the program allows illegal alien applicants to supply loosely monitored tax identification numbers issued by the IRS.

The San Diego Union-Tribune reported that “undocumented residents” make up a vast market representing a potential sum of “$44 billion in mortgages.” Citibank enlarged its portfolio of subprime and other risky loans. ACORN enlarged its membership rolls. The program now operates in Miami; New York City; Jersey City, N.J.; Baltimore; Washington, D.C.; Chicago; Bridgeport, Conn.; and at all of ACORN Housing’s 12 California offices.

San Diego ACORN officials advised illegal alien recruits that their bank partners would take applicants who had little or no credit, or even “nontraditional records of credit, such as utility payments and documentation of private loan payments.”
The risk the banks bear is the price they pay to keep ACORN protesters and Hispanic lobbyists from the National Council of La Raza screaming about “predatory lending” off their backs. These professional grievance-mongers have turned the 1977 Community Reinvestment Act — which forced lenders to sacrifice underwriting standards for “diversity” — into lucrative “business” opportunities. Or rather, politically correct blackmail.
more much more to read http://www.noozhawk.com/local_news/article/092009_michelle_malkin_acorns_illegal_alien_home-loan_racket/

Relocating to Cobb County, Ga during the summer. Current job is as a middle school reading teacher. Credit rating depends on the credit bureau, but my FICO scores average out to be comfortably in the “Excellent” range. Money has been saved for a decent down payment, moving costs, and summer vacation (teacher remember), but not wanting to use it all for a large down payment because a job has not been obtained.

Bought my house about 7 months ago on a 100% financed mortgage with an unbelievably low interest rate, so I want to avoid refinancing. I don’t think i can do a home equity loan because I have little to no equity since i did the 100% finance. Any ideas? I need about 10000 – 15000 for new siding work.

Since Yahoo switched me to the new updated home page, my finance module no longer displays my mutual fund updates on the home screen. It only tracks the Dow general numbers. The only way I can see my picks is to click on the finance personal assistant and load this page. On the former home page set-up, this was displayed on the home screen so you could see it all the time.

Thanks for any help you can provide.

My husband and I took out a secured loan for home improvements. We are now separating. Am I still liable part of the secured loan even though I am not name on the mortgage (it is in my husbands sole name)

-steps to secure the home loan
-cost of a loan at various interest rates and terms
-acceptable level of debt to income ratio and provide a recommendation
all of them

And if you CAN, would that buyer be eligible to receive the First Time Home Buyer Tax Credit?

Does anyone know who are actual lenders? My credit history is good – wife’s not so good – turned down by mortgage company for additonal borrowing (think we asked for too much – now just want to borrow enough to clear debts – no home improvement plans!)

My father just passed away Sunday. i have lived with him for the past 10 years and have taken care of him. now that he has passed i would like to buy his home. my problem is, my credit although not BAD, is not Great either. (couple medical bills in collection less that 800$ balance). can someone co sign for a home load?. do i need to put money down if i am buying it under the market value. for example if the value is 180K and i am buying it for 150k. any suggestions would be greatly apprecaited. i am a single father with a 13 yr old daughter and i want to provide her with a stable secure home.
my sister and her husband are incharge of the esate. what would happen is, if i can get a loan the money would go to the estate to pay off a small loan he had. the balance would be split 5 ways. about 20k each. my credit is a bit above average but not by much. i have nothing to put as a down payment. My brother inlaw is a CPA and Financial consultant so i am sure they will figure it out. i wanted to have some ideas before i meet with them.

Can anyone recommend a secured loan.

Our options are:

An IVA (but we don’t want to lose equity from our home)
or
A Debt Management plan which leaves us only 100pcm spare for next 5 years which means that not only do we suffer but so does our son
or
keep paying for loans that only have 2 years left on them and consolidate the rest – this means we will be seriously skint for next 2 years but after that can resume a decent standard of living…

Can anyone help? We are at our wits end… We have got ourselves into such a mess and it has all spiraled out of control. We don’t want to default on any payments, up until now we haven’t missed a single one, but we can’t keep on as we are… Help?
Thankyou so much to everyone who’s answered so far xx

I’m having a dilema about getting a home loan. I know based on my income and great credit that I can get approved for a home loan if we were to get a house here in Pennsylvania. But we are looking to relocate to Florida and get a loan to build our own home down there. I would like to have the loan secured before moving down there. Once we get down to Florida all of my income would be straight from my personal online business which would not be affected by my relocating. However a good portion of my current income comes from a 9-5 job here in Pennsylvania which I would quit once moving to Florida, since I can make more by working full time for my online business.

If I applied for a loan now and got approved for lets say 300 K, would the lender require that I have an agreement on a property, and would it have to be local? Or would they be able to cut me a check for that amount and I’d be responsible for paying the payments?

Can this affect my chances not getting my home loan, I applied for store credit at walmart it was only $800 limit, I have yet to use the card. If this was not on my original loan application can this affect my chances of securing the loan and falling out of escrow