Q&A
Asked by Erin
Answered by Justin Clark
Mortgage Professional in Moreno Valley, CA
If the income does not require you to claim on taxes, such as VA disability, then you can still use that towards qualifying. However, if this is "under the table" mon...
Q&A
Asked by an anonymous user
Answered by James L Roberts
Independant Consultant in Lake Worth, FL
Lenders are under no obligation to request the wife's credit report for a VA loan. The reason that creditors request a spouse's credit history is to help evaluate the ...
Q&A
Asked by an anonymous user
Answered by Barry Harris
Mortgage Banker/Broker in Folsom, CA
The Front Ratio is your (PITI) Principal, Interest, Property Taxes, PMI and HOA (if applicable) as a percentage of your gross income. The Back Ratio is your PITI plus ...
Q&A
Asked by rudygonzalez07
Answered by Chad Freeman PRO+
Branch Manager in Bethesda, MD
Hi Rudy: Generally speaking, any judgments or "clouds on title" will show up on a lien search when a new buyer comes to purchase the home. More often than not, thes...
Q&A
Asked by Destinyban
Answered by Scott Beckwith
Mortgage Professional in Madison, CT
It is very hard to answer that question. It is different for every person since each person has different financial needs and objectives. People refinance to consoli...
Q&A
Asked by koliver1054
Answered by Greg Fischer
Mortgage Professional in Manchester, NH
It's just the Veteran, or the Veteran's surviving spouse. It isn't more transferable than that.
Q&A
Asked by davjac
Answered by En Towner
ENTowner Build a Legacy Inc. Non-Profit Org. in TX
Greetings. Age does play an important role in the payments, lenders will offer higher payments because you both have less time (according to statistics) to pay. I woul...
Q&A
Asked by degahencely
Answered by Richard Stone
Mortgage Professional in Lancaster, PA
You could be added to the property through a "quit" claim deed and family transfers are generally exempt from transfer taxes. If you keep record of the payments as in...
Q&A
Asked by dragbikejim
Answered by Justin Clark
Mortgage Professional in Moreno Valley, CA
Mobile homes/manufactured homes can be difficult. The reason being is that if the home is not fixed to the foundation with the proper documentation showing so, then t...
Q&A
Asked by marshallcardog
Answered by Chad Freeman PRO+
Branch Manager in Bethesda, MD
Hello - There are several factors that would influence this decision. One, you need to look at your current 1st mortgage rate because that will be a concern with r...
Ask a pro a question
Have your question answered by a professional
Characters remaining: 140
$firstLetter
Asking as: $ss.eas.userParams.displayName
Sign in to MoneyTips
By submitting you agree to our Terms of Service

Home Purchase Loan

Home Purchase Loan
Free MoneyTips Membership!

Get FREE, full access to MoneyTips.com