Monday, September 30, 2013

100% Financing Zero Down Payment Financing Kentucky Mortgages and Home loans: Self-Employed and Business Commission Income for a...

100% Financing Zero Down Payment Financing Kentucky Mortgages and Home loans: Self-Employed and Business Commission Income for a...: Self-Employed and Business Commission Income for a Mortgage Loan Approval A borrower is considered self-employed if they own 25.00% or mor...

Louisville VA, FHA, USDA, KHC , Fannie Mae Mortgage Guide: Part-time earnings may not count when seeking a mo...

Louisville VA, FHA, USDA, KHC , Fannie Mae Mortgage Guide: Part-time earnings may not count when seeking a mo...: Part-time earnings may not count when seeking a mortgage The two-year rule for counting part-time income has been an industry standa...

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100% Financing Zero Down Payment Financing Kentucky Mortgages and Home loans: Government Shutdown Affect on Mortgage Rates

100% Financing Zero Down Payment Financing Kentucky Mortgages and Home loans: Government Shutdown Affect on Mortgage Rates: Powered by Lender411.com -- Joel Lobb (NMLS#57916) Senior Loan Officer 502-905-3708 cell 502-813-2795 fax kentuckyloan@gmail.com Key...

Wednesday, September 18, 2013

What does it take to get a mortgage today? - Half Moon Bay Review : Community

What does it take to get a mortgage today? - Half Moon Bay Review : Community



Your debt to income ratio cannot exceed 45 percent. The higher your credit score, the lower the mortgage rate. A score of 740 or above will give the best rate; a 690 will work, but you will pay between one-eighth to one-quarter of a percentage point more. Rates have certainly moved up this year after the announcement from the Federal Reserve saying it planned to gradually stop buying bonds sometime in the near future. The rate changes daily, but now it’s hovering around 4.375 percent for 30-year fixed mortgages.
The amount of the down payment will also affect both the rate and monthly payment. A 20 percent down payment is the magic number, but other programs are available. The banks are once again offering second mortgages with purchases reducing cash needed. Wells Fargo is doing 80 percent first mortgages with a 5 to 10 percent second mortgage and a 10 to 15 percent down payment. This avoids the costly Private Mortgage Insurance premium, which can add a few hundred dollars a month to your payment and isn’t tax-deductible.
For those with less cash, there are the FHA loans that only require a 3.5 percent down payment and 3.5 percent for closing costs. Here you will have to pay PMI — at the time of closing and every month thereafter until you have 20 percent equity in the property.
So what does it take to get a loan today? According to Griffis, banks are going to want to see two years of tax returns, pay stubs, bank statements and a letter explaining any gaps in employment. If part of your down payment is a gift, you will have to season it in your account for two to three months or obtain a letter.

Louisville Ky Mortgage Lender FHA/VA KHC USDA Kentucky Mortgage: Minimum Credit Score Needed to Buy a House in Kent...

Louisville Ky Mortgage Lender FHA/VA KHC USDA Kentucky Mortgage: Minimum Credit Score Needed to Buy a House in Kent...: Minimum Credit Score Needed to Buy a House Fannie Mae According to the "Washington Post," Fannie Mae raise...

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Tuesday, September 17, 2013

100% Financing Zero Down Payment Financing Kentucky Mortgages and Home loans: Kentucky FHA Credit and Income Requirements for C...

100% Financing Zero Down Payment Financing Kentucky Mortgages and Home loans: Kentucky FHA Credit and Income Requirements for C...: Kentucky FHA Credit and Income  Requirements for Credit Approval Frequently Asked Questions from 1/26/12 Kentucky FHA Loan Credit Appr...

Apply for a home loan by clicking the link below:It's free and takes less than 5 minutesOr call us at 502-905-3708 for your free application over the phone

Tuesday, September 10, 2013

Louisville Ky Mortgage Lender FHA/VA KHC USDA Kentucky Mortgage: Kentucky FHA HUD Back to Work Program for FHA Borr...

Louisville Ky Mortgage Lender FHA/VA KHC USDA Kentucky Mortgage: Kentucky FHA HUD Back to Work Program for FHA Borr...: Kentucky FHA HUD Back to Work Program for FHA Borrowers in Kentucky  W h at is   Back  t o   W o r k ? FHA   i s  c o nt i n u ...

Louisville Ky Mortgage Lender FHA HUD Kentucky Mortgage: Kentucky FHA HUD Back to Work Program for FHA Borr... http://www.mylouisvillekentuckymortgage.com/2013/09/kentucky-fha-hud-back-to-work-program.html?spref=tw

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Louisville Ky Mortgage Lender FHA/VA KHC USDA Kentucky Mortgage: Prospect Kentucky Oldham County Mortgage Loans 400...

Louisville Ky Mortgage Lender FHA/VA KHC USDA Kentucky Mortgage: Prospect Kentucky Oldham County Mortgage Loans 400...: Prospect Kentucky Oldham County Mortgage Loans 40059: LOUISVILLE KENTUCKY JUMBO MORTGAGE LOANS : REAL ESTATE 'Jumbo' Mortgage Rates ...

Thursday, September 5, 2013

Prospect Kentucky Oldham County Mortgage Loans 40059: LOUISVILLE KENTUCKY JUMBO MORTGAGE LOANS

Prospect Kentucky Oldham County Mortgage Loans 40059: LOUISVILLE KENTUCKY JUMBO MORTGAGE LOANS: REAL ESTATE 'Jumbo' Mortgage Rates Fall Below Traditional Ones As banks compete for affluent borrowers, an odd trend has emerged ...

LOUISVILLE KENTUCKY JUMBO MORTGAGE LOANS

REAL ESTATE 'Jumbo' Mortgage Rates Fall Below Traditional Ones As banks compete for affluent borrowers, an odd trend has emerged in the mortgage market: rates on loans for pricey homes -- "jumbo" mortgages -- have dropped below those for smaller mortgages. Nick Timiraos explains on the News Hub