Monthly Archives: March 2010

WHAT IS THE AVERAGE CLOSING COST ON $212,500 FHA LOAN IN FLORIDA?

Posted on March 25, 2010 by admin

Kimberly asked: Everyone says that the closing cost should be around 2-3% of the loan – Does that include the Estimated Reserve/ Prepaid Cost? The type of loan is FHA with 3.5% down which is $7,437.50. Also let me know … Continue reading →

Posted in Renting & Real Estate | Tagged , , , , , , , , , , , , , , | 2 Comments

Do I Qulaify under the new housing bill?

Posted on March 23, 2010 by admin

MARKEEONE asked: I am upside down on my loan (492K vs. 392K). I am also behind on first mortage (have made re-payment arrangements). I have a 80-90% DTI and I can’t get anyone to refi me. If I can lower … Continue reading →

Posted in Renting & Real Estate | Tagged , , , , | 1 Comment

NEW person doesn’t know anything on getting a loan to buy a house?

Posted on March 18, 2010 by admin

Jay asked: I know you have to have good credit. I will have a job that is 12.50 per hour full time. I will save all of that for 2 years and hope that will be a downpayment for a … Continue reading →

Posted in Renting & Real Estate | Tagged , , , , , , , , , | 6 Comments

Where is the best place to get financing on a modular home, with a credit score in mid 600′s?

Posted on March 16, 2010 by admin

BIGGS asked: How can I get a good rate on a loan for a modular home and not have large payments for the rest of my life? What mortage company is the best to help me out?Jane

Posted in Personal Finance | Tagged , , , | 2 Comments

Trying to refinance my house. Title search found deed not released from a 1996 refinance. What can I do?

Posted on March 16, 2010 by admin

Doug asked: The bank that had the mortage that was paid off in 1996 is no longer in business. Plus I cannot locate any documentation stating this loan was paid off. It is no longer on my credit report. Any … Continue reading →

Posted in Renting & Real Estate | Tagged , , , , | 2 Comments