Posts Tagged ‘New Home Loan’

How do I get a new home loan while I still have a current mortgage?

Monday, September 29th, 2008
home mortgage loan credit
jabksufan asked:


I am trying to get a loan on a new property, but I still have a small mortgage on my current home. I don’t want to lose out on the new house, but with some past credit issues (6 & 7 years ago issues), I cannot find someone to approve me for a loan while I still have a mortgage. How do I sell my current home and then “see” if I can get approved for my new home?

Mike

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Posted in Personal Finance | 4 Comments »

How long should I wait before seeking a different mortgage company for a new home loan?

Saturday, June 28th, 2008
home mortgage loan credit
Kayak Queen asked:


There are credit issues and the loan package has gone to underwriters. We’ve been dangling for nearly 3 weeks without a ‘yes’ or ‘no’ on our loan status. We’re considering taking our data and seeking another mortgage company to service our loan, but we don’t know if the long wait is normal or if we’re being put on someone’s “back burner”. Are we being strung along or just impatient?
Thanks for all the answers! We were able to resolve the problem today!

Vanessa

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Posted in Renting & Real Estate | 5 Comments »