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How can you tell your mortgage loan is fannie mea or Freddie mac?
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How do quicken loan mortgages compare to other mortgage loan companies?
Since I have never myself taken out a Quicken loan mortgage, I can't tell you how Quicken loan mortgages compare to other mortgage loan companies. All I can tell you is that they are the largest online mortgage lender and 5th largest retail mortgage lender in the U.S. (according to wikipedia), so they must be doing something right!
How can one get poor credit mortgage loan in Ottawa?
To get a poor credit mortgage loan in Ottawa a person needs to seek the advice of a lending company who can help you with getting a loan. Many times they will tell you how to get your credit in better standings so that you may get the loan.
How do you assume someones existing home loan?
First, contact the owner of the mortgage. If you are interested in the property and want to assume the seller's mortgage, the person who has the mortgage must contact his/her mortgage loan servicer. That person will tell the mortgage loan servicer that a certain party is interested in assuming the loan. The servicer will then allow the interested party to contact them. The servicer, for example Wells Fargo, Citi, etc will send an assumption package to the interested party. It will usually involve a credit check and application to insure that the person that wants to take over the mortgage can qualify to make the payments. The mortgage loan servicer will then underwrite the application to the appropriate loan guidelines and ,if approved, then both parties would close the real estate contract. The buyer would assume the mortgage and the seller would be released of liability by the mortgage loan servicer.
Please tell me what a reverse mortgage is and who is eligible for them?
A reverse mortgage is a special type of home loan that allows homeowners to turn equity into cash. You can get one from your local bank or online via mortgage lenders.
At what price does a jumbo loan start in Hamilton, MT?
You'd really have to contact a local mortgage company, without knowing the price and conditions of the loan its hard to tell what the starting price would be.
Can A-2 visa holder apply for mortgage loan?
Yes, A-2 visa holder can apply for a mortage loan. Some lenders do it some dont, u need to check with the lenders to make sure they do mortgage on A-2 visa. Also do keep in mind to tell them that u do not have diplomatic immunity in the US. I f that is the case u cannot do a conventional loan.
Can you recommend a website with current mortgage interest rates for different Loan to Value Ratios?
The best site I have found for this is zillow dot com. All you have to do is fill in some information on the specifics of the mortgage and your zip code and it will tell you what you want to know.
What can you do if a house is purchased with a fixed rate loan and the mortgage is reassigned to another lender and that lender changes the loan to an ARM?
First of all, you signed an agreement with a fixed rate, and just because it was sold does not mean they have the right to change the mortgage agreement. If you signed a new mortgage agreement stating the new agreement then you are liable for that, but you can call your mortgage company and tell them you have a copy of the agreement you signed and, that you didn't agree to an arm. To sum it up, unless you re-signed a mortgage agreement, they DO NOT have the right to change anything just because they have baught your mortgage from your original mortgagor. Please do not let them run you over. Good luck.
How do you assume a mortgage?
You can only assume a mortgage if the loan is assumable, and a great many are not. The mortgagor can call their mortgage company and ask for an assumption package which will tell you what is required. True, but, actually a great many mortgages ARE assumable. Everything you need to know and thousands of homes with assumable mortgages are available for search by visiting www.havemyhouse.com
How much are closing costs?
Closing costs vary based mostly on the amount of the mortgage and amount that the loan originator or mortgage broker is going to charge for their services. Standard closing costs include document stamps and intangible taxes on the mortgage and deed certain other mandated costs. Ask your loan originator or mortgage broker what their yield spread premium is going to be. They may tell you that you do not pay for that, however, it is actually a commission paid to them for selling you a particular interest rate or loan program. Ask them what their mortgage broker fees are and what the bank or underwriter fees will be on the loan. When it comes to title insurance, if you are refinancing, make sure you get re-issue credit. If you are selling/purchasing, make sure you compare title insurance companies and agents since many fees related to title insurance can vary depending on the mandates of your state.
What is a mortgage rate calculator?
A mortgage rate calculator takes various information and tells you what you can expect your mortgage payment to look like. It takes into account information like your credit score, the home value, your loan amount, and interest rates. In addition to calculating your monthly payment, it can tell you your expected pay-off date and how much interest you will pay.
Tell you the truth about Freddie and Sarah are they really together?
Yes, they are...
