how do i know if i have a fha mortgage?
When I got my mortgage from MassHousing I could have sworn that I was told it was an FHA loan.They even called the insurance MI because it’s not PMI and advertised 3% down including gifts (typical of FHA as I understand). Now I’m sorting through the paperwork and it looks like the “conventional” box is checked rather than the “FHA” one. This is not a problem. I just want to know which it is.
I keep calling them but I guess they are really busy these days. How do I find out if it’s FHA or something else? The statements don’t say. Is there an FHA database I can check or specific paperwork?
You will have an FHA case number on your closing documents. It should be on the actual note or on your HUD. The wrong box gets checked all the time, because there are so many papers in a file.
30 days late on mortgage help! Is it going to hurt our credit?
We were behind on our mortgage told that if it was with in the 30 days we would be ok. I tried to pay it online and when I checked it it said my bank account was locked out. I paid the mortgage online at 7am. What are the chances of it hurting our credit, and how hard would it be to fight the company to take points off our credit report if I can prove we tried to pay it online and got a bank statement proving I’ve had the money in the account we tried to use to pay it?
It will depend on when your mortgage lender gets around to reporting all of the 30 days late people. If it takes them a few days to ‘run their reports’ then you might be ok.
It will ding your credit pretty good if it makes to the bureaus. I’m guessing 75 points or so.
You will not win the fight with the credit reporting bureaus. They really don’t care if you had the money and were locked out. All they care about is that the information they reported was accurate (which it would be, because technically you are 30 days late).
The only way to repair that damage is to not miss any payments for months and months.
Can a husband press charges against his wife for theft?
I wet to check my account today and noticed it was lower than I expected. I asked for a statement by the bank and found that over $3,100 since February has been taken out in increments of $100-$300 from ATMs. Since I rarely withdraw money from ATMs I went and filed a report with my bank and another with the police thinking my card was somehow copied and being used. I then got to looking at my statements and realized that checks written for my house payments were missing from the list. I called the mortgage company and they said they haven’t received a payment from me since Oct. Usually I fill out a check in the morning for the house payment and leave it with my wife, when I come home she tells me it’s mailed out. She eventually admitted to stealing my card and withdrawing the money while I’m asleep. Now here’s where I need legal advice. Since she’s my wife can I legally press theft charges against her? It is important to note that although we’re married the bank account is in my name only. And for my next question, what can I do, if anything, about her lying to me about making the house payments. Obviously she was not sending in the checks and then withdrawing the money in hopes that I would assume that any missing money went to the mortgage company, and for awhile it worked, until she got caught today. What should I do?
I’m not sure if this matters but she was present with me when I made both the report to the bank and to the police, and of course she didn’t say a word to either one about it being her. Can she be responsible for a false police report even though I’m the one who filled it out?
You must have given her the password to get the money from the bank, she couldn’t get the money out if she didn’t have the pin number or password. I doubt if there is much you can do but know that she is a thief and dishonest and untrustworthy.
question for a loan officer for a mortgage company?
ok so my wife has he student loan and it was co-signed by her brother. her brother is now trying to purchase a home. he said the bank needs the history of payments that we have made on the account. on the student loan website you can see all the payments that have been made on the account for the last 4 years, but her brother is saying they need a running bank statement for the past 12 months from our personal checking account because they need to know from where the $$ is coming from.. this sounds kind of odd to me and a relative of mine who has been in real estate for 30+ years says she has also never heard of that before either… i think he is just trying to give us crap for any past due payments we had towards the loan… does this sound accurate? would he really need our PERSONAL bank information for the last 12 months? please help me on this
It is a normal request if your brother is trying to apply without having that payment count in his debt ratio. They will need proof the last twelve consecutive payments were paid on time by your wife and they will not relax that requirement even if she has made 99 of the last 100. If the payments were made by check, copies of all twelve canceled checks will be proof enough. If they were made electronically, unless your bank can provide a record of just those payments the statements may be his only alternative.
This has been a normal requirement for as long as I have been in the business and has probably always been this way. Many borrowers qualify even with the cosigned loan payment included so I don’t typically ask for it unless it is required. It is a hassle and people aren’t always willing to release the information. That may explain why your relative never heard of it before.
Mortgage modifcation nightmare?
I have had it with Chase my mortgage company. 2008 I lost my job and then got a new one making 1/2 we had -1500 a month this quickly killed our saving and introduced us to credit card debt. In Nov on 2009 I called Chase for help as our mortgage was the killer, we bought in 2003 and have a fixed 8.5% and on top of that we have HOA dues as we live in a Town home. I was current when I called them and they tried to qualify me for a re-fi, we where denied in 5 min reason low income and home is work 130 vs what we owe 190k. Now I am being transferred to the Modification dept to where I was had a hour interview with them that followed me faxing over paperwork. I called every other week all I did hear was your file is in review. Now Jan 2010 a ray of hope a Fed Ex package! Asking W-2’s, bank statements, expense reports, hardship forms ect. I urgently sent them back. After that I called to hear the same BS with a underwriter then in Aug I called they said your modification is denied because you have 10k in your checking account. We got 8k back from taxes, big portion was to get my car fixed. I explained this to the rep and said currently i have $12 in my account I can fax it. She advised my to take out cash advances from my credit cards to which I did. Now all of our credit cards are maxed out with over 30k on them, I called them again and told them I will be late next month. They advised me to take our W-2 to H&R block to get a refund anticipation check. I think this is where I am going to draw the line. My last payment to them will be last Dec. I will not give them a dime of my tax refund I have 3 girls to take care of, we will look for some where to rent. I have had it. We would like to stay in our home but the APR is out of line and our payment it too high.
Thanks for the advise, yes we are talking BK. we have 2 Chase CC with balances around 15k. You would think they would be more then willing to lower the payment vs us walking away leaving them with a home that is worthless.
These sleaze balls have also advised me to borrow money from my parents, sell furniture, sell cars then take the bus, have family take care of my kids vs daycare. I understand we bought the home and agreed to pay it, but if I recall us tax payers got these crooks out of trouble a few years back.
You have the idea that they are going to let you keep the 60k difference between the value of the home and the money you took from them. They will either report it is as income to you or simply come after it.
You should have sold in 2008 when it was obvious you could no longer afford the house.
The bank is not the crook here, they handed you a load of cash that you feel entitled to keep.
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