Question by CharChar76: How is the amount of a home loan decided? My husband and I have been approved for a $ 120K home loan. However, some other couples we know that make the same or less than we do were able to buy homes for up to $ 20K more than our approved loan. [...]
Archive for the ‘Business’ Category
Q&A: Trying to qualify for a home loan. Will adding my name to my parents savings account help?
Posted by Admin on February 18th, 2012
Question by michaeldorian: Trying to qualify for a home loan. Will adding my name to my parents savings account help? I’ve been doing alot of research in terms of qualifying for a home loan and can’t seem to find an answer to this. Many home loans require you to show a bank account statement of [...]
Can someone rent a home that they purchased with an FHA loan?
Posted by Admin on February 16th, 2012
Question by Mx: Can someone rent a home that they purchased with an FHA loan? If you purchase a home with an FHA loan (and you still owe on that loan) can you use it as an investment property? Furthermore, can you purchase other properties when you have an FHA loan? Can you live in [...]
I received an email from Fast Friendly Loans. Anyone know anything about it? Is it spam?
Posted by Admin on February 14th, 2012
Question by zaphod84: I received an email from Fast Friendly Loans. Anyone know anything about it? Is it spam? It says they don’t do a credit check which is something I’ve never heard of so I’m skeptical. Best answer: Answer by K~E~GI would delete it. It is spam. Add your own answer in the comments!
How Can an FHA Loan get approved if the by-laws have a Right to First Refusal?
Posted by Admin on February 11th, 2012
Question by Ms Tee Arrow Condos: How Can an FHA Loan get approved if the by-laws have a Right to First Refusal? I am a Condo Association president. Recently, a unit was purchased with an FHA Loan. Our By-laws have the Right to First Refusal, we also have a pending lawsuit with Illinois Department of [...]
Q&A: How soon can you use a VA loan to purchase a home after a shortsale on an FHA loan?
Posted by Admin on February 9th, 2012
Question by : How soon can you use a VA loan to purchase a home after a shortsale on an FHA loan? My husband and I did a short sale on our home 15 months ago on an FHA loan, because we were stationed over seas for three years it became to hard to hold [...]
How do we go about getting a FHA loan?
Posted by Admin on February 7th, 2012
Question by norcam343: How do we go about getting a FHA loan? Me and my sister is looking to buy a house together. We both have bad credit due to the past but enough money for a mortgage. Estimating $ 75,000/yearly. Right now, were clue less as to which direction to turn. Do we try [...]
Where can I go in the St. Louis area and get a loan with a co signer?
Posted by Admin on February 4th, 2012
Question by U.S. Army Combat Vet: Where can I go in the St. Louis area and get a loan with a co signer? I have a co signer to either help me get a car or to get a loan so that I can pay for my car in cash. I was wondering if anyone [...]
Q&A: What is a good loan consolidation program for Federal and Private student loans?
Posted by Admin on February 2nd, 2012
Question by : What is a good loan consolidation program for Federal and Private student loans? I am looking for a good student loan consolidation program that will take on both my Federal and Private student loans from Sallie Mae. If you know of any good ones that you have heard of or used in [...]
Posted in Business 
Tags: consolidation, Federal, good, Loan...., Loans, Private, program, student 
1 Comment »What credit bureau do loan officers or underwriters look at to calculate a 620 credit score for a FHA loan?
Posted by Admin on January 31st, 2012
Question by JH: What credit bureau do loan officers or underwriters look at to calculate a 620 credit score for a FHA loan? There is Experian, Equifax and Transunion I have different scores for each, but which one do loan officers and underwriters look at to approve you for an FHA insured loan? Do they [...]
