My husband and I desperately want to buy a home but our credit is shot. We both have a score under 600. About $11,000 in debt and we have about $3,000 to pay towards the debt. We have printed out copies of our credit reports and are working on fixing things. BUT, about 10 months [...]

I would like to purchase a mix-use commercial space from the owner. I own all of my inventory. I need help locating a bank or mortgage company willing to work with a self employed entrepreneur. I have a equity line of credit already with a small credit union, however, they do not offer mix-use commercial [...]

Stacie Williams is purchasing her first home for $275,000. She is obtaining an FHA mortgage through her credit union and is required to make a 3% down payment. The current mortgage rate is 7.5%. a. Determine the amount of the required down payment. b. Determine the monthly principal and interest payment for the 30-year loan [...]

I would like to ask, if after a commitment letter from a mortgage company for the mortgage, what liability do they have to have everything prepared for a home closing deadline. In my case, the company, referred to by my credit union at work, did not have everything ready and I have now missed two [...]

I can’t think of any. My parents had a very nice mortgage through their CU. I’ve processed loans for CUs and they were identical to the loans I processed for banks and mortgage companies. If you choose one that’s been around more than a couple weeks, you should be fine. Look at the rate, the [...]