When my Fiance and I go for a mortgage loan will they look at both our incomes and credit score? And what are the determining factors for a loan officer to give you a loan?
03-May-2010
Understanding that rate depends on many factors, what would be a “god deal” when shopping for a mortgage loan with average to good credit and first home buyer for example.
02-May-2010
My husband and I have been pre-approved up to 125k. We found a home that we LOVE for 69k. The inside of the home has all been recently updated but the outside needs WORK. We are wondering if its possible to take out our mortgage loan for 90k to make all the improvements. (Siding, Windows, Doors, and new mechanicals) Our loan is a “rural development” loan which is a 100% financing loan.
02-May-2010
I am interviewing for a F&I position right now with an auto dealership. I don’t have much if any experience with auto sub-prime lenders and lending. However, I have been in the mortgage industry and have worked as both a loan officer, analyzing credit and assets of individuals and shopping sub prime lenders to find the best deal and also worked for a lender and qualified sub prime borrowers to fund their loans.
My question is: are these jobs similar? Is analyzing credit and qualifying borrowers for auto loans the same or similar to qualifying people for mortgage loans? Are a lot of the terminology and concepts the same?
01-May-2010
I have an interview with a mortgage company tomorrow hiring a loan officer. The owner mentioned he typically hires for commission only, but has in the past and considered a small base salary plus commission to get started.
The Economy: Rates are historically low on mortgages, home prices are low, but banks are not lending.
Do you think I could make money? I have 7 years sales experience. How much do loan officers make?
03-Apr-2010
Is interest rate everything in a loan? are u suppose to negotiate with lender? tips?
03-Apr-2010
It is an agreement for use of software, related to loan modifications etc. How much may I charge for a document like that? I an a Licensed Attorney.
03-Apr-2010
In 2009 I sent $3,500 to a loan modification company that was suppose to get my home loan modified. Unfortunately for me the company stole my money, went out of business and I never got my home loan modified.
Can I write off the money used to modify my loan? If so, where would it fall under on my 1040?
Thank you for all your help.
03-Apr-2010
I am constantly getting unknown & unwanted names offering me mortgage offers loan offers.
How do I stop them sending e mails? Ia there a registry?
