should tagged posts

What kind of questions should you ask the loan officer when completing a mortgage application?

Really not sure about this, any advice would be very much appreciated.

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First time home buyer, should I use a mortgage broker or go directly to a bank?

Getting mixed reviews on which route I should go. A friend suggested a mortgage broker they used, I’ve been in contact with him and he’s requesting $450 for the loan application. Is this a normal fee for this application? Just looking for some suggestions here.
Responding to the answer from “Landlord”.. the mortgage broker is requesting the $450 fee be paid up front, does this sound right?

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Should I sell my car to get a higher home loan?

My husband is the only one working now, we are trying to take advantage of the first time home buyer tax credit, but we only qualify for $165,000 USDA, the broker is recommending us to sell our car (2006 Duran go, family car) to get approved for $240,000. If we do that we will loose about $5000 that we paid up front for the car. I should be getting a job soon, I hope. Should we just rent for another year?

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How much money should I have set aside for extra expenses when going through a USDA home loan?

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My usda home loan has taken so long the home I want is going into foreclosure. What should I do?

Does it really take this long? I have until Friday the 8th of Jan 2010 to close or the home goes into foreclosure. All I am waiting on is USDA. I’m all packed and we were promised we would know after a few weeks. Everything else is approved.

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