Mr. Vincent Van Jessup asked:


My loan is fixed rate, my monthly payment is fairly low, and I put down a large downpayment. But it was my first home, and I find myself wondering if I had a “bad risk” loan or a normal home loan, after hearing constant talk about “the subprime lending debacle”. Any info you can offer will be appreciated.

Yolanda

shawn b asked:


I have a chapter 7 bankruptcy on my record from 2003, but I have no debt and a credit score of about 700. And I have $20,000 for a down payment. If I got a home loan, would the bankruptcy make a huge difference in the interest rate? How big a difference?

Gregory

are we there yet asked:


my house is worth about $550k.. My credit score is 559 right now, due to my excessive credit card and student loan debt.. nothing has ever been late, it’s just that i have excessive amounts of these debts.. i make about $2,600 dollars a month, and i’m wondering if i will be able to get a home loan for about $100k so that i can pay everything off.. (my house is 100% paid off).. will i have a problem getting this home equity loan?? should i even both applying or should i just wait until i pay down my credit cards more?? advice anyone??

Megan

John R asked:


Potential buyers of our parents home were “pre-approved” for a loan greater than the selling price, yet were denied approval of their official loan application.

Tracy

Zoe asked:


We are planning to buy our first home and are confused as to the getting approved for loan process. So we were wondering if the realtor can help us with that.

Thanks!

Lisa

dane asked:


I have an Australian wife, and she is looking forwards to moving to Australia one day, however, the home loan rate over there is usually above 7% which is much more than the relatively low 4,25% offered here.

Is it possible to pay off a house in Australia with a home loan from my country? If so, what kinds of fees are there? Any personal experience is appreciated.

Denise

enoughiseenough89 asked:


im 18 and my parents have a home loan they bought before the boom and now houses are so damn expensive, how on earth am i going to pay for my home loan, im so pissed off cause how on earth am i going to have a life when im older. Im going to have a full time job and thats probably almost going to be just paying for stupid interest.

Please help, please whats your advice? rob someone, do drugs.. im not going to sink that low but paying for a home loan for lik 15-30 sounds soo soo ghey. what am i gonna do!

Jennifer

Doris asked:


I have no idea about loans or purchasing a home. Asking this question to strangers is about as far as I’ve gotten. I’m single, have a pretty small teacher’s salary of around $30,000 a year, and have an excellent credit score. How much do you think I could get a home loan for?

Donna

Jak K asked:


By home loan I mean a home loan and not a personal property loan like on a trailer home/manufactured home in a trailer court. I qualified for a home loan and I want to keep it cheap, so I want to purchase a piece of land and a manufactured home. Wil this work as a home loan if its on private land?
Wow, there is quite the array of scams out there! Why would anyone take out a loan from the internet without talking to someone face to face?

Christina

The Skizzanator asked:


I’m looking to buy a home. My credit score is 680, but I have no money to put down. What is the best loan option for me? A friend is buying a home and he says his rate is 1% and his mortgage increases by 1% per year. Not his interest rate, but his mortgage payment. That doesn’t sound right to me. Any advice?

Ryan