home loans – mortgage refinance second mortage

March 30, 2009

Is there a time frame on closing on an FHA mortgage loan?

reni768 asked:


I am in the process of buying a house and I know the lender said she had a deadline on completing the paperwork. She got the approval on Friday and says we can close this coming week though we have to come up with $3800 down. I have about 1/2 of that and I was wondering is there a time limit on an FHA loan on when you have to close or can our closing be pushed back a week or two for me to get the rest of the down payment??
We have not locked in a rate. My realtor is involved. I dont want my rate to change b/c we got a good rate. I may just have to go ahead and close this week. The money is part that I have saved, some my dad has given me and my sister is going to allow me to borrow some if needed. I guess I could say that money is a gift from her and me & her know between ourselves that I am paying her back!

WILBUR

December 7, 2008

Reverse mortgage or Equity loan?What is the best, least confusing and fastest way to sell a senior’s home?

Filed under: Renting & Real Estate — Tags: , , , , , — admin @ 10:58 pm
vixxen asked:


My grandma is near 80 and my granfather is mentally gone.She doesnt want to be in the house when people are viewing her home.So, I think the best way is for her to see the home she wants to buy, get a mortgage for it, move and THEN sell her home. It is just my dad an I helping her.Any advice?
Yes, grandma wants to sell her home and move to either a senior community or a new home all together.
Her house is paid for.

HERSHEL

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