Can anyone give me advice on a 2/28 mortgage loan?
608479
As a branch manager for a direct lender/brokerage, I would stay away from the 2/28 at this time.  We may have more rate hikes, hindering you from refinancing in 2 years due to whats called payment shock!  It is a risky loan at this time as nobody knows if rates will decrease. You will be fine to refinance in 2 years; at the going rate at that time.. The 2 year fixed is a way for that loan officer to earn income off of you two times.  It may not be the best program for you after seeing your hesitance.  Email me at ryan.wood@truelend.com for other options.
1172662
Actually I work for a company that consolidates student loans, I can help you. Call 1800 710 0114 first thing monday morning and ask to speak with Yvette. \nI'd be happy to help you and anyone else you know that needs help locking into to the interest rate for this year. Good Luck!!!!
482935
There are plenty of companies that offer 100, 103 and 107% loan options.  Lending Tree.com would be a start.
507226
im not familiar with get a home loan net- make sure they are a responsible lender-sanctioned by your state dept of banking and ins. or something like that--now-to answer your ?--4% fixed for a 15 yr loan is excellent-- make sure there are no loan origination fees, or hidden fees- a 1% origination fee could be common, yet that is 1,000 on a 100K loan--you are 25 now-your home would be free and clear by age 40--very good idea- only if you plan on marriage and a large family with lots of other obligations would a 30 yr mtg have some appeal as the payments would be lower, yet the rate would be higher- the 4% rate is because it is a 15 yr loan !! take the deal and run as long as the company issuing the mortgage is reputable !! i am a retired CPA & CFP ( certified financial planner)
834094
I am amazed at some of the responses:\n\n1. "Its' pretty rare to get more than 90% of the property's value."  This is plain wrong! It is rare to get financing greater than 100% of loan-to-value, but it's very common to get financing for 95%, 97%, and 100%.\n\n2. "It has to appraise out at $200,000 [to get a loan for $200,000]." This quote needs clarification. If the agreed upon sales price is $185,000, conforming/conventional (FNMA) lenders will loan a max of $185,000.  Conforming lenders will loan on the LESSER of the appraised value or agreed upon sales price.  There may be some non-conforming lenders that will lender on the greater of the two, but you will pay through the nose for a high rate.\n\n*** Guys, if you haven't worked in the mortgage business, please be very careful as to the information you pass along.
611970
you should spend the money to speak with a real estate attourney. the mortgage may become/probably will become your responsibility.
73794
Talk to a loan officer and see if he/she can approve you for a cash flow loan. I am firmiliar with the Eugene area, I live in SW Washington. Its a great place to own a house and the property values appreciate quickly. If you are interested, I would highly recommend seeing what your options are; you might be suprised to see how much you can actually make.
759370
there's an online people to people lending community that is getting very good reviews---http://www.prosper.com You can lend as much as $25,000 only. Its not close to the $40K you wanted but I hope I helped you in a way. Good luck.
598860
Check out ING via their website ingdirect.com.  I have an account with them and last week they sent me a notice that their mortgage product will cover the closing cost for loans that are below a certain amount.  Other than that, you can get a bunch of information at bankrate.com as well.
294220
I am a branch manager at a national direct lender.  Email me at ryan.wood@truelend.com for advise.  I look forward to speaking with you.
1011096
If you would like to see if you qualify for a Mortgage I can help you \nNo Charge.\nMy sister is selling her home in Lincoln, IL , North of Springfield 20 Minutes.\nI am a mortgage consultant for Consumers\njonnylender@yahoo.com
776448
Assuming you have a heartbeat, you will get a loan.\n\nFrom there, your credit, remaining assets, income, and debt ratios will all come into play as your interest rate is determined.\n\nBut you can pretty much have been foreclosed on yesterday and get a new mortgage today if you put 30-40% down payment.
136143
Ask your morgtage guy about a bridge loan.  It is a loan to cover you when you have to pay two mortgages for a short time.
339953
Call a random mortgage company and ask them this question.
862791
try moneysupermarket .com or uswitch.com or moneysavingexpert.com any of these will allow you to compare mortgages or loans
1119470
You need to try a first time buyer loan, look for an ad that says something like "I can get you into a house for the price of a steak dinner", these ads are usually for real.  It is a government grant that basically garuantees your down.  Then get the sellers to pay the closing costs.
346236
Holy High Fees Batman!!!!!\n\nYeah...you definitely need to kick that company to the curb.  I am surprised your Realtor has not told you to do that yet (if you have one).\n\nIf you would like a much lower quote on financing at a much, much lower rate, you can feel free to contact me at timothy.kazee@americanhm .com and we can talk.  Talk to you soon!\n\nI still cannot believe that deal.  Those guys should be put our of business.  Also, don't let them give you any excuses on this offer.  There are NO excuses for this whatsoever.  I wou7ld recommend not even calling them anymore at this point and not taking calls from them.