We are buying a house in the state of Virginia that was build 1 year ago and sold for $265,000. We know that the house appraised in the $280-$285 range after it was built. We are now buying this house for $265,000 and the mortgage lender(BB&T) has hired an appraiser and they have appraised the [...]

I am trying to refinance my home and my lender is asking for my declined notice from 9 months ago. What are they looking for? I think they can’t find a reason to turn me down, but want to. They want to be sure that you don’t get two mortgages on the same piece of [...]

None that I know about. Most want a first deed of trust with you taking cash out. Once out 24 months then many conforming lenders will do this loan. I am a mortgage banker in TN & KY addthis_url = ‘http%3A%2F%2Fwww.selviceevler.com%2Fhome-mortgage-lender%2Fdoes-anyone-know-of-a-mortgage-lender-that-will-offer-a-2nd-mortgage-on-a-home-with-a-bankruptcy-12-months-ago’; addthis_title = ‘Does+anyone+know+of+a+mortgage+lender+that+will+offer+a+2nd+mortgage+on+a+home+with+a+bankruptcy+12+months+ago’; addthis_pub = ”;

Can the family member continue to just make payments? Does the family member need to qualify for a new loan? When the home owner dies is the loan due and payable? If the family member cannot qualify for a loan will they have enough time to sell the house? What is the best method to [...]

Or is it better to search for other lenders? I often hear that if you apply a loan with the same lender whom you already have a loan with; your interest rate will always be higher than if you were to shop around & go with another lender? With a HELOC you are almost always [...]

I have been in the mortgage business for over 22 years. Because of my experience, I can not tell you the ramifacations without knowing more about you or basically the reason you are considering defaulting on your mortgage. This is because the reason for the default does effect the amount of time before you can [...]

The reason way I need this information is because I need to start creating my own data so I can use it to generate mortgage leads so my loan officers can call them and be able to offer them to refinance, cash back, better interest rate etc… Most information are kept private, but if you [...]

It depends on your contract. Does it say anything about being owner occupied? addthis_url = ‘http%3A%2F%2Fwww.selviceevler.com%2Fhome-mortgage-lender%2Fwill-my-mortgage-lender-give-me-permision-to-rent-out-my-home-without-any-problems’; addthis_title = ‘Will+my+mortgage+lender+give+me+permision+to+rent+out+my+home++without+any+problems%3F’; addthis_pub = ”;

Do they still have to obtain their own copy of my credit report? This is for a home mortgage loan; first time buyer. Yep. They will run their own, probably twice. It should not cost very much, they pay a yearly fee to run them. addthis_url = ‘http%3A%2F%2Fwww.selviceevler.com%2Fhome-mortgage-lender%2Fif-i-provide-my-own-credit-reports-and-score-do-i-still-have-to-pay-a-mortgage-lender-the-credit-report-fee’; addthis_title = ‘If+I+provide+my+own+credit+reports+and+score%2C+do+I+still+have+to+pay+a+mortgage+lender+the+credit+report+fee%3F’; addthis_pub = ”;

I just had a friend commit suicide because he could no longer pay his mortgage. His lender refinanced his home five years in a row with his payments going from 600 per month to over 1400 per month. The house was biult in the 1940′s and was only 800 sq feet. The lender knew he [...]