Ask Bill a Question

Can I find a lender for a FHA streamline refinance if I have a low credit score?

My wife and I are trying to do a FHA Streamline Ref. We have a FHA loan through VHDA (Virginia). We have lived in this house for 5 yrs and never once been late. We want to take advantage. of the low interest rates. So we contacted our mortgage broker to start the FHA SL Ref. He said we were not able to do so because my wife's credit has fell below the 620 score requirement. We don't ...
Read full question

How do I find a VA construction loan?

Bill, I am a 27-year retired veteran, looking for a mortgage company that will do a Construction Loan without me putting ahold lot of money down. My plan is to use my VA Loan once the home is completed, but most of them I've made contact with wants 10/20% down.

I am thinking about attending NACA's Save the Dream Tour. What can you tell me about NACA and its services?

I heard about NACA, and am planning to go to Arizona to attend a workshop and then to try to leverage that organization to restructure my loans, etc so that I do not lose my home. I don't know enough to be dangerous here, but trying to figure out if this organization is legit and worth their time. Any thoughts?

Is it more important to have no debt or a large down payment when applying for a mortgage?

My wife and I are going to try qualifying for a home loan soon. Would it be better to pay a $9,000 balance on a timeshare mortgage we have, and not touch the $15,000 we have in savings? Or would it be better to use our savings to eliminate all our debts?

How do I determine my home's value?

I have a line of credit with my house as calateral. How do I determine the value of my home? Is it replacement cost? Or average sales value in my neighborhood? How much of the value can be borrowed with a reverse mortgage?

I want to know more about VA mortgage loan programs. What can you tell me?

I have a question about VA loans. Can I apply with you for a VA mortgage refinance loan? I want to know if people who served can get a better rate through a VA loan. Thanks, you guys have great articles and great answers. Hopefully you can give me some advice on a VA mortgage loan.

If I purchase a property sold as a short sale, am I still eligible for the first time homebuyer tax credit?

Will a purchase of short sale affect the buyer credit?

If I do a deed in lieu of foreclosure can I get approved to purchase another home in a couple of months?

My spouse owned a home three years ago. Do we qualify for the First Time Home Buyer Tax Credit?

Same question about the First Time Home Buyer Tax Credit qualification. Just thought I should give you more details. In August of 2006, my wife bought the house her parents are living in currently because she had excellent credit. She was trying to help out her desperate parents. They pay the mortgage payments but the house is in her name. She lived there a year (until July of 2007) and then...
Read full question

What are the qualifications for the First-Time Homebuyer Credit?