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Can a Veteran obtain a VA Mortgage Loan to purchase a condo on the ocean with one-third down payment?

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14y ago

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Where can one obtain a mortgage if one has a record of poor credit?

One can obtain a mortgage of one has a record of poor credit from government programs such as the Federal Housing Administration or the Veteran's Administration.


How can one obtain a mortgage to buy a property in Bulgaria?

It is not possible to obtain a UK mortgage to purchase a property in Bulgaria. However, it is possible to obtain a mortgage in Bulgaria, by approaching a Bulgarian bank.


How do I obtain mortgage bonds?

To obtain mortgage bonds, you can typically purchase them through a broker or financial institution. Mortgage bonds are debt securities that are backed by a pool of mortgages, and they can be bought and sold on the bond market. Investors can purchase these bonds to earn interest income from the mortgage payments made by homeowners.


What is a home mortgage?

A home mortgage is a loan that is secured by property through the use of a mortgage note that ultimately grants you a mortgage for your home. You can obtain financing on the purchase of your new home or any home.


How do you obtain payoff date on mortgage?

Somewhere in your paperwork from closing you should have an Amortization schedule. It will have all payment information about how much is going to interest and principal with each payment as well as the date of final payment. If you don't have one your mortgage holder can provide you with one for a fee of about $15 or $20.


What are the requirements for obtaining a mortgage with only 5 down payment?

To obtain a mortgage with only a 5 down payment, you typically need a good credit score, stable income, and a low debt-to-income ratio. Lenders may also require private mortgage insurance to protect against default.


What are the requirements for obtaining a 5 down mortgage?

To obtain a 5 down mortgage, you typically need a good credit score, stable income, and the ability to afford the monthly payments. Lenders may also require proof of employment, a low debt-to-income ratio, and a down payment of at least 5 of the home's purchase price.


What are some good fixed mortgage deals?

Currently 30 year fixed mortgage rates are approximately 4.4% for the individuals with the best credit profiles. Any mortgage one can obtain with a rate close to or slightly below 4.4% can be considered a deal. Additionally, if one can obtain this rate with less than a 20% down payment required they have obtained a very good deal on their mortgage.


What are the requirements for obtaining an 80 loan to value mortgage?

To obtain an 80 loan to value mortgage, you typically need a down payment of at least 20 of the home's purchase price. This means you would be borrowing 80 of the home's value. Lenders may also consider your credit score, income, and other financial factors when approving the loan.


Can I get a mortgage in my name using my live-in boyfriend's income?

No. In order to obtain a mortgage in your name, you have to prove that you, as the mortgage holder, will be able to pay the mortgage yourself. The banks do not consider a live-in boyfriend's income a reliable source of income for yourself, nor can they hold him responsible for payment if the mortgage is in your name. You will have to get the mortgage based on your income, unless you and he put the mortgage in both names, using both of your incomes.


Can you convey partial ownership to a mortgaged property?

The property is subject to the mortgage. In order to sell a portion free and clear of the mortgage you would need to obtain a partial release from the bank. The partial release must describe the portion you want to sell and must be recorded in the land records.


What financial factors are taken into consideration to obtain a cheap mortgage?

Financial factors that are taken into consideration are current income, debt, as well as mortgage payment insurance. It is good to consider that overtime the price of the mortgage may rise so it is easier to pay it off quicker than not.