Credit, Mortgage, Refinancing Questions
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Hi, I'm Kate Ford. You may know me as Ask Kate! I will be your guide through an exceptional experience! Shortly you'll discover dependable answers to FHA, credit, mortgage and refinancing questions!

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New! Ask Kate's Most Recent Answers

Refinancing My Home and Credit Bureau Reporting - How does refinancing my mortgage appear on my credit report? Paid off and replaced with new terms?

Making Home Affordable Refinances - Do they not waive impounds on a HARP refinance just because they have not been waived on the original mortgage?

Improving Credit Rating

Bankruptcy And Buying A Home - I'm buying a house. Why does my bank want bk schedules in addition to the discharge letter? Does it matter what was included in the bankruptcy?

Do Credit Score Ratings Affect PMI Insurance With 20 Percent Down Payment - Comparing conventional PMI Insurance to FHA and VA home loans to answer Jonathan's question.

Buying A Home After Bankruptcy - I am currently filing for bankruptcy because I am unemployed and unable to keep up with any of my bills. How long will improving my credit rating take before I can buy a house?

Buying A House After Foreclosure - Fair Credit Reporting Act of 1971 allows you to dispute inaccurate items on credit reports. If a listing is inaccurate, incomplete, misleading or unverifiable, it can be removed.

Buying A House With Bad Credit - Terrible credit is the big bully overpowering good credit.

How To Repair Bad Credit - I'm a Realtor representing a home buyer who disputed the inaccurate charge but the credit bureaus won't remove the derogatory item.

Home Mortgage Help

Does Open End Mortgage Spell Disaster - If my mom made all of the monthly house payments on her open end mortgage, why would she still have a balloon payment of $80,000?

When 90 Day Rate Locks Go Bad - The mortgage company lost some of my paper work like proof of home owner insurance. I was emailing every week to get an update. They would email back and say all is on track. Yet...

Total Debt Ratio For Mortgage Loans - Kate, right now our total debt ratio is rather high. But after the refinance, our debt ratio will decrease. Which scenario does the underwriter use to approve our mortgage?

Certificate of Occupancy 1 Year Requirement - Kate, can a lender prevent me from selling my primary residence the first year? Am I being too literal? I would really like to be able to sell within the year if I choose to.

Extra Mortgage Payments - Our home is appraised at $225k but we owe $365k. We can afford to pay $500 extra toward principal but is this wise?

FHA Loan Requirements And Co-borrowers - Despite my home buyer's outstanding credit, 28 years of employment, down payment, and savings, she was denied the mortgage.

How To Find Mortgage Lenders - Why isn't my good humor enough to get a loan?

Best Mortgage Refinancing Tips

Adjustable Rate Mortgage Or Fixed Rate - I am a veteran considering VA loan refinancing from a fixed rate to an ARM. Based on what the lender claims, do you think it is a good deal for me?

Mortgage Loan Modification - JJ, I am still questioning why you don't pursue modifying your mortgage! Since your monthly mortgage payments have become unaffordable due to early retirement, it seems like a loan mod might help you.

Why Did My HARP Refinance Closing Costs Go Up - The loan servicer originally quoted $202 closing costs. Today they say $949. Is that normal and fair?

Peer To Peer Lending - Because we didn't take a construction loan, we maxed out our credit cards and fell into debt. How safe is trying to borrow from Lending Club?

Mortgage Refinance Questions - Lender or Broker? Which should I use? How much is too much yield spread premium and what is fair?

Making Home Affordable - I'm a sub-prime buyer left with about $136 for pet supplies, medication co-pays, gasoline for my car, and food.

Home Affordable Modification Program - My mother applied for the Home Affordable Modification Program and was declined because her home has equity.

FHA Loan Refinancing

Could You Trust This FHA Mortgage Lender - Kate, We're refinancing and the lender wants to charge us over $16,800 in mortgage closing costs. I personally think this is a crock.

FHA Short Refinance - Is it true that FHA's Short Refinance options are limited to homeowners whose mortgages are only through Fannie Mae, Freddie Mac or FHA? What are the benefits of FHA short refinances?

Current FHA Loan Rates and Refinancing - I've been running into obstacles regarding the interest rate. If I'm unable to get a mortgage lender to settle on a verbal rate, I have no way of knowing how much I would be saving.

Ask Kate YOUR Credit, Mortgage, Refinancing Questions

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