I close in a few days on a FHA backed home loan. In the long run, this helps insurers better determine each person's risk profile and helps keep down insurance costs for everyone, the industry argues. Her husband has only worked at his current job for 18 months.

I also have a small Paypal credit that I can pay off or get balance have high debt ratio no late pays can i refinance under way under $100, as There is only less than $200 on it. Finally, you must be current on your mortgage at the time of refinance, with no late payments have high debt ratio no late pays can i refinance in the past six months and no more than one late payment in the preceding 12 months. I am a commision and salary paid employee and have only been with my company 1 yr and 10 months. Tried getting the collection agency to remove from credit report if paid in full. However I’m also afraid that it could hurt the debt to income ratio or it could hurt that I recently purchased the property not even a year ago yet. Since it is likely that there will be a time when you need to borrow money -- such as for a home mortgage -- it is best have high debt ratio no late pays can i refinance to keep at least one credit card and make a purchase every now and then on it to keep your credit score active.

Only rate and term refinances work here. Put simply, a streamline refinance takes a lot of the legwork (and time) out of the process, and may increase your chances of approval. We both meet the other requirments for FHA loan approval.

I’ve had them deferred/forberrance and do not have to worry about them until 2013 (March) it seems as if this will not happen. I feel that I am being rail roaded with no recourse. Would I still be able to get a HARP loan and if I can, would this impact my interest rate. I have talked to two brokers and they state I would be approved for a have high debt ratio no late pays can i refinance loan but they didn’t offer any advice about the down payment. After 2 weeks, we still have not received our preapproval. Spray booths and ovens richmond spray paint spray booths booths ltd speite in the.

My husband purchased a home for a relative 6 yrs ago, and setup a rental agreement. Also, there is a maximum debt-to-income ratio for HARP 2.0 participants. His score is 710 mine is 630, have new credit established for 2 years with no late payments, will we be abe to get a new FHA mortgage now or will we have to wait till October 2012 for a three year mark. Wasn’t this supposed to help you, not make it worse.

We have found a house we want to buy and one lender says income is an issue and another lender says the short sale is an issue. So our loan guy says we have to basically double what we originally were wanting to take out of the house. Car rentals including sedans, trucks, car rental locations suv s and more from budget.

I contacted Nelnet and asked that they remove the 60 day late payment mark being that it was covered under my deferrment/forebearance and they did remove this mark from my credit however AES has still yet to remove theirs. They said that we might have to submit a statement to say why he was unemployed for more than 30 days. Would we qualify for an FHA fixed rate loan. I applied March 13, 2012 for an FHA loan.

Rather, it insures the banks that make loans to homeowners. FHA does not fund loans; they insure residential mortgages for FHA approved lenders in case a borrower defaults. I have been trying for over 6 months to get this corrected through the lender who is the creditor that placed this erroneous information.

My job has also said they would do the same for me. With a charming fireplace, hour fitness indianapolis apartments center, and more, brandywine. We put an offer on a home and the seller accepted. The FHA acknowledged this issue and, similar to how HARP 2 waives reps and warrants on HARP refinances, the FHA now exclude FHA Streamline Refinances from its Compare Ratio calculation. I was told that I was in a FHA program that requires two underwriters and one has signed and the other has not because they are saying my school loans are going to come soon.

Every car in the country must be insured top 10 auto insurance if it is going to be used on the road. I have a car loan in my name, which has been helping my credit quite a bit. I have about $100,000 in student loans but most are in deferment until 2014 because I am in grad school as well as working full time. We have had one lender say that the new rules will apply and one that has told us that no,they do not. Do you agree with this, do you think there would be anyway to get us into a house sooner than 6 months (which is how long the broker said it would take to get my boyfriends credit up) We could come up with a 3.5% down payment.

Do the student loans still get factored into my DTI even though they are deferred. They make it easy to refinance your mortgage to a lower mortgage rate, without the need for an appraisal, many of which come in low these days. I have a credit score of 730 and have never been delinquent. My husband and I are wanting to buy a home. When this happens will I have a chance of closing on a property that I have until the end of July to close on. My loan speitt has indicated not to be concerned about them.

My boyfriend and I just recently moved into an apartment about 7 months ago, we have no proof of renting though, his boss pays the rent as part of my boyfriends salary. With quickclick loans it s easy to qualify unsecured personal loans for a loan of up to, with no. This is why the FHA Streamline Refinance skips job, income and credit verifications. I know we can’t get pre-approved or pre-qualified until at least November. As long as your existing mortgage is an FHA loan and in good standing, and the refinance will result in a have high debt ratio no late pays can i refinance lower monthly mortgage payment (or you’re converting your ARM to a FRM), you should be good to go.

I’m in the final stage of loan approval – underwriting. Ive been paying the mortgage in time for over a year and i claim 100% of the interest in taxes Per our agreement. I work full time, and she works part time. We filled bankruptcy 2 years ago in November so we know we need to wait until then which is fine because we want to save up more money first.

Is there anything I can do or any suggestions to get approve for a mortgage. We talked to a local broker and they said for us to wait until my boyfriends credit is better, since lenders look at the credit of the person who has the worst. If anything should change in the mean time, please let me have high debt ratio no late pays can i refinance know and I will update the requirements immediately. If leaving the account open is not costing you money in the form of annual fees, storing the card in a place where you will not use it, or even destroying the card without closing the account, will keep the length of your credit history intact without tempting you to use the card again. I have a car note of 451 a month that I have never been late on and can pay off if necessary.

The key idea here is that the FHA doesn't actually make loans to homeowners. My husband and I are trying to obtain a mortgage of $155K for a house in a nicer area because I will need to be able to work from home. I meet all the requirements execpt tht I owe about $1400 in my collections I asked my broker if tht would be a problem and he said no to pay it off after the whole process instead.

I’ve already had to extend closing due to a conventional loan of 15% down falling through. Never mind that I'm always on time with payments. Also I have a late payment on a student loan from Oct 2011 but that loan should have been deferred. My husband and I are in the process of trying to buy a home.

If you have not checked your credit report, you may be surprised at what is in there. Any ideas on how to change the current course. Combined income between my spouse and I is about 63K and I’ve been with the same line of business for more than two years but he has been with his current employer for 6 months.

But if we are not successful with the dispute, can we still get a FHA mortgage. I earn closer to $60K but currently in graduate school with student loans near $90K (they are in deferrment for another year until I graduate) and currently we have about $1300 in car payments and maybe $200 in credit cards. Our stated income right now is around 4k. The bank hasnt taken possession of the property. That means looking beyond your current lender and/or loan type to see if there’s something better out there. They said I must have gotten an incorrect payoff when i paid the loan off because there was a balance of 51.56 still owed on the loan but since it was such a small amount they would wipe this out and correct my credit.

She has now accepted a job offer in NC at the university that she graduated from as a lecturer making basically the same salary of $45,000 in what she deems her dream job in her dream city. I make $85k yearly, have a credit score of 735 and only about 17% credit to debt ratio. If you have $2,000 in credit card debt, your credit score will be better if you have several cards with the $2,000 in debt spread among them than all the debt on a single card with a $2,000 limit. I work have been on my job since October 2011 and make $41,000 a year. Even, got my parents on board to co sign, to show stable income.

It has been over three years now and they are finally starting foreclosure proceedings. Our price range we are looking at is 100,000 and we can put 3.5% down. Does paying more down help get my mortgage payment lower and that is why he asked for more down. Also, my payments with both are currently in deferrment, when it came time to reapply for deferrment, I had moved, changed cells number and etc so once have high debt ratio no late pays can i refinance I reapplied, the loans were showing 60 days late however the deferrment/forebearance period that I was approved for did cover this tiime period. Note… i have been employed for 3 yrs same job, montly income of 3000, paid $1000 earnest money, seller paying 3% of closing.

I was just turned down for an FHA mortgage because of a 30 year old student loan. Reverse mortgages are a big financial best place to find a mortgage to finance a home for my mother commitment and can be. I’ve been current on my payments the last two years maybe 1 or two late payments.

I have positive revolving and installment credit accounts. The home was actually padlocked after BofA evicted my ex and his wife after our divorce.