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Financing -- Loans/Questions Answered by Expert Bobbi Buehl
| Subject | Date Asked |
| Getting refi deposit back after revised GFE | 2/5/2012 |
| Q: I applied to refinance my condo through an internet lender affiliated with Costco and which had good ... A: The only option you have is to contact your State's Attorney General's office and the Dept of Real ... | |
| Getting refi deposit back after revised GFE | 2/4/2012 |
| Q: I applied to refinance my condo through an internet lender affiliated with Costco and which had good ... A: The only recourse you have is to ask the Lender for a refund, explaining why you no longer want to ... | |
| loan | 1/8/2012 |
| Q: Q1 I’m looking into applying for a personal loan but not from a bank or credit union. I live in MI ... A: Q1) I do not know of any loan that you would qualify for, sorry.... :( Q2) Yes, you can leave the ... | |
| choosing a reputable company to refinace | 10/19/2011 |
| Q: for about 1/3 the market value of my home with good credit and no other loans. That might not be ... A: Yes, you can always check with your "State's" Department of Real Estate, Dept. of Finance, Fair ... | |
| Replace credit card? | 8/18/2011 |
| Q: I have had an American Express green card since 1987. I pay $55 per year for it. I see now that I ... A: When you close a credit card your credit score is effected. If you already have a high credit score, ... | |
| Car Loan Payoff | 4/13/2011 |
| Q: Is there any benefit to my credit rating if I maintain a car loan and keep paying the interest? My ... A: Jona, There is no benefit to you to keep paying on the car loan, once you get about a 760 credit ... | |
| Mortgage Bank Credibility | 3/16/2011 |
| Q: My wife and I are looking to refinance or mortgage in NJ with a Valley National Bank, Wayne, NJ. ... A: Orrin, As long as your loan-to-value is below 80%, there should no be a problem with the bank to ... | |
| Mortgage Bank Credibility | 3/15/2011 |
| Q: My wife and I are looking to refinance or mortgage in NJ with a Valley National Bank, Wayne, NJ. ... A: The only way to know how Valley National Bank deals with integrity and honesty are to call the NJ ... | |
| Bi weekly? | 12/15/2010 |
| Q: I am aware that paying bi-weekly on a 30 yr mortgage knocks off approx. 5 years. My question ... A: To answer your question, yes it will also knock off years on lesser term loans.... :) FYI....it's ... | |
| How to deal w/ Chase bank on a re-fi? | 12/7/2010 |
| Q: I have a modular (not to be confused w/ mobile or mfg'd) house I bought new in 2003. It sits on 51 ... A: Curtis, There is absolutely nothing you can do to make Chase refinance your Modular home. The only ... | |
| home loan | 9/19/2010 |
| Q: I'm looking to get a home loan to buy my 1st house. The house is $65,000 and doesn't have anything ... A: Kelsey, No, you are only getting one loan with the FHA 203K. The 203K loan lets you take up your ... | |
| Fee Charged for Loan | 8/10/2010 |
| Q: When I lost my job, a friend loaned me $7,000 to get caught up on my mortgage payments. I signed a ... A: To answer your question; Yes he/she can, as long as you sign and recorded it with your County ... | |
| loan payment | 8/1/2010 |
| Q: My dad gave me a small loan saying, "pay it back when you can." The loan was used to put towards a ... A: You can go to bankrate.com and click on mortgage calculator to find the interest payment, or you can ... | |
| 2nd home heloc | 7/26/2010 |
| Q: I bot a home near my primary residence to renovate and move into. The house I live in is for ... A: I'm afraid in today's banking market you'll hve to wait until you sell your other home, or wait ... | |
| bank loans | 6/20/2010 |
| Q: Re: home equity line of credit vs. mortgage: I am filling out an application from a car dealership ... A: To answer the question of wether your "home equity line of credit" is a mortgage, the answer is yes, ... | |
| condo refinance coverage | 5/14/2010 |
| Q: I recently refinanced my condo about a month ago, and one of their conditions was that I increase ... A: I'm afraid your Bank will find out if you change the insurance policy and if it's not what the ... | |
| Home construction loans | 2/8/2010 |
| Q: We are looking at buying a home in our area, but average home prices are $1,000,000+ for a simple 2 ... A: There are some Lender's out there who finance vacant property, but the interest rate is high, but if ... | |
| Buying a Sibling out of an Estate Property | 11/1/2009 |
| Q: My sister and I have inherited our CA. family house after the death of our mother. My sister wants ... A: The easiest way to do this is to get yourself qualified for a loan. Also, you do NOT have to do a ... | |
| FHA vs. USDA | 9/23/2009 |
| Q: What is the advantage of a USDA loan over an FHA loan? Are there any downsides? Thanks. A: Hey Joe, There is a significant advantage in going with a USDA purchase verses FHA. 1) No down ... | |
| Adj. rate loan | 8/31/2009 |
| Q: We have a ARM with Chase. There is a 3 yr refi- restriction that expires in Oct. Should we try to ... A: I would talk with another lender to see if you can put both loans into on lower fixed mortgage ... | |
| mortgage refinance | 8/28/2009 |
| Q: At the time of applying for refinance we were told that there would be no problems as friends of ... A: I want to say first say this, I am truly sorry this has happened to you!! It is companies just like ... | |
| Mortgage Interest Rates | 6/10/2009 |
| Q: We applied for a 30 mortgage loan in February 2009. (to buy out my former wife half interest in our ... A: The first thing I'm going to say is this; I'm having trouble seeing that any bank would tell you ... | |
| FHA loan | 5/4/2009 |
| Q: We were told by our FHA specialist loan officer that to be eligible for an FHA loan, we had to have ... A: I'm not really sure what you are asking. If you are asking the question "Can we use the house as a ... | |
| thinking of refinancing | 4/18/2009 |
| Q: I am thinking of refinancing to take advantage of the new rates. I'm not sure it would be worth it ... A: Do not refinance!! By the time you add closing cost to your loan and the rate you'd get ... | |
| Do we qualify? | 4/6/2009 |
| Q: I am looking to get a personal loan to buy a boat. I have a 608 score and my wife 646. We bring in ... A: I can tell you this. If you pay off some of that debt, which will raise both of your credit scores, ... | |
| Problems with finance company | 2/19/2009 |
| Q: my daughter has her car financed with Toyota. She didn't receive a statement this month so she got ... A: The only logical explanation I can think of for this to happen is; your daughter has a common name ... | |
| rates | 2/19/2009 |
| Q: I was talking with my mortgage guy and he said the way to find out what the actual rates are ... A: I wish I did know of a place to go to find this information myself. But, to the best of my ... | |
| personal loan from Daughter | 2/17/2009 |
| Q: My wife and I want to build a new home and my step daughter wants to loan us part of the money we ... A: To answer your question; I do not see a problem, or see you breaking the law. As long as you have ... | |
| loan approval or disapproval! | 1/17/2009 |
| Q: they approved my VA home loan even i didn't have money to close the loan. they asked my latest bank ... A: Hakan, I'm afraid this beyond my expertise. You are doing the best thing you can do by handing this ... | |
| mortgage late payments & adding to the end | 1/3/2009 |
| Q: Is it possible to have your bank add the late payments onto the end of your mortgage and then report ... A: It's possible, but highly unlikely if you haven't talked to them before your payment goes late, ... | |
| Rate/APR | 1/2/2009 |
| Q: When you get a mortgage is your payment calculated based on rate or apr? I notice when you look at ... A: In a nut shell, Your payment is calculated on the rate you are in, not the APR. The APR rate just ... | |
| Applying for an mortgage loan | 12/1/2008 |
| Q: I am looking to purchase a home in Georgia in March of 2009. I will have $5,000 to put down. But i ... A: The first question you'll have to decide is this; how much are you going to pay for a house. The ... | |
| TITLE/ LEIN RELEASE | 11/29/2008 |
| Q: I NEED A PAY-OFF LETTER STATING THAT MY CHEVY CUBE VAN WAS PAID OFF FROM GMAC, THE LEINHOLDER. HOW ... A: If you have a copy of your credit report, then the number is on there. All of your open and closed ... | |
| loan approval or disapproval! | 11/29/2008 |
| Q: they approved my VA home loan even i didn't have money to close the loan. they asked my latest bank ... A: If your VA loan was approved, then you didn't need any money for closing, all they had to do was ... | |
| Purchasing a new home in business name | 11/23/2008 |
| Q: How can I buy a home in my business name? I have a software consulting company, personally I have ... A: You will need to contact a Broker or Lender in your area and they will be able to guide you through ... | |
| PMI Deletion | 11/19/2008 |
| Q: The mortgage company is calling me wanting my payment. I always have it mailed by the 2nd of the ... A: Sad to say, but Countrywide can do this in spite of a previous agreement your had with them. The ... | |
| Harrassing telephone calls | 11/18/2008 |
| Q: The mortgage company is calling me wanting my payment. I always have it mailed by the 2nd of the ... A: The first thing you need to do is write a letter to the bank asking them not to call you unless your ... | |
| The bailout package | 11/9/2008 |
| Q: I've been thinking about the recent collapse of several prominent banks in the U.S. and the ... A: Yes it would have been smarter if the Government had given the bailout money to the home buyer's. ... | |
| mortgage company harassing phone calls when not late | 11/8/2008 |
| Q: Is there something I can do about a mortgage company calling my home 10-20 times a day. The payment ... A: Ask for their name and employee number and then a Manager. If that doesn't work, lodge a complaint ... | |
| CONTRUCTION LOAN QUESTION | 10/14/2008 |
| Q: OK WELL I HOPE THAT YOU HAVE A MINUTE TO ANSWER THIS QUESTION... I STARTED A BUILDING PROJECT IN ... A: The answer is yes, the General Contractor is responsible for the completion of the job, no his ... | |
| Amostization- How to Pay off faster | 10/8/2008 |
| Q: I have a 30 year fixed rate on my mortgage at 5.5%, the original amount was 201K and I currently owe ... A: In today's environment, you are smarter to pay toward your mortgage, since it is your biggest and ... | |
| Loan | 10/3/2008 |
| Q: I filed for bankruptcy in September 2006. It has been 2 years now. I need to know what my chances ... A: Liz, I would think that you'd be able to co-sign for your Daughter, even with the bankruptcy 2 ... | |
| Loan | 10/2/2008 |
| Q: I filed for bankruptcy in September 2006. It has been 2 years now. I need to know what my chances ... A: I don't know the answer to co-signing for your Daughter's student loan, but I would think you have a ... | |
| Equitiy cash out | 9/6/2008 |
| Q: I have built seven townhouses for sale. Sales are slow and I need to get my equity out of the ... A: Why are you looking to purchase something you already own? You should be looking for someone to ... | |
| Numerous fees | 7/25/2008 |
| Q: My home loan was sold on 6/1/08 since then the new company has tacked on 3 late fees and a corporate ... A: No, it is not legal! Contact the Bank who has you loan and explain what has happened and ask them to ... | |
| Payday Loan | 6/23/2008 |
| Q: I live in Ohio and have defaulted on a payday loan. Collectors keep calling me and threatening ... A: I can't give you legal advise, but I can tell you this. If you defaulted on a payday loan, go to ... | |
| mortgage payment raise | 6/9/2008 |
| Q: recently my mortgage payment went from roughly $1127 to $1650 after an escrow re-analyzation. the ... A: Unfortunately, you are going to have to pay the back taxes. What I would suggest is this; take out a ... | |
| The Bank Says I still Owe Money | 4/30/2008 |
| Q: I recently re-financed my home loas (1st and 2nd). Both loans show on the bank's website as "PAID ... A: Yes, you do need to pay it off!! If you don't pay it off now, someday when you need to refinance ... | |
| co-signing a mortgage with my sister | 4/30/2008 |
| Q: My husband and I own a house that is for sale in one state and have moved to another and are ... A: Is the reason you aren't buying the house yourself due to the fact you have another home? If so, all ... | |
| Home Equity, financing a home | 4/22/2008 |
| Q: I have a mortgage on my current home, right now I am looking to get something bigger and have found ... A: To take an equity loan out on your present home, contact a local bank and see what you qualify for ... | |
| Mortgage Payments | 3/28/2008 |
| Q: Is it true that you can save interest and pay off your mortgage earlier if you split your payment ... A: Kathleen, You can also knock off how long it takes to pay your home off by making additional ... | |
| Mortgage Payments | 3/26/2008 |
| Q: Is it true that you can save interest and pay off your mortgage earlier if you split your payment ... A: Kathleen, Yes, its true! You can also knock 3 years off a 30 year mortgage, if you make an ... | |
| Theft of Property Real and Personal by lawyers | 3/26/2008 |
| Q: How do you recommend would be the best way to directly contact Bank Chairman to advise lawyers have ... A: I guess it would depend how accurate your proof is, that there was a theft involved. If you have ... | |
| I co-signed. | 3/12/2008 |
| Q: I know I know I know......I co-signed for a man...that I was engaged too. I thought it would last ... A: Miranda, Truth be told, there is nothing you can do to get out of the loan you cosigned on, except ... | |
| refinance | 3/8/2008 |
| Q: I am selling an apartment complex and am unsure of what I should do with my 85k in profits. I don't ... A: Brett, I can understand your thoughts on being a Landlord in today's market, so I sympathize with ... | |
| Construction Loan | 2/3/2008 |
| Q: I signed a construction loan with my lender on 2/1/08. The loan documents stated that I must ... A: You will have to check with your lender to verify that you can cancel your loan. In most cases, once ... | |
| loans | 1/25/2008 |
| Q: When you get a loan rate, say 6%, and the APR is 6 1/2%, why is the APR higher? I believe it takes ... A: Good question and many in the industry would like to know the answer as to why its still being done! ... | |
| loans | 1/24/2008 |
| Q: When you get a loan rate, say 6%, and the APR is 6 1/2%, why is the APR higher? I believe it takes ... A: You are correct. But, the APR rate is not the rate you will be getting, the 6% is the actual rate of ... | |
| home equity line of credit | 1/15/2008 |
| Q: I have a home equity line of credit with Countrywide. I received a letter today, January 15 dated ... A: The first thing you need to do is contact Countrywide and find out your new credit limit. Hopefully ... | |
| Manegerial Accounting | 1/10/2008 |
| Q: Can you give mea few examples of a financial accounting reports? A: I'm not sure what you are asking, or the kind of financial reports you want to know about. Can you ... | |
| points | 12/9/2007 |
| Q: can you please explain in laymans terms what the points are all about when you get a loan. ... A: Joyce, Fist of all, if you pay 6 or 8 points for any loan you are in what's called predatory ... | |
| refinance taxes | 11/19/2007 |
| Q: My friend Jimmy just refinanced his home and requested $20,000 cash out to pay off debts, purchase a ... A: I don't know what bank he is talking to, but if he refinances and takes money out, he will not be ... | |
| loan transfer | 10/26/2007 |
| Q: the guy who sales house has 30 fixed rate at 5.5 an i or is there any way that he can transfer the ... A: No, you cannot take over the loan or transfer the loan, unless he has an assumable mortgage right ... | |
Financing -- Loans
Answers by Expert:
Bobbi Buehl
Top Expert on this page
Expertise
Home mortgages is my expertise
Experience
Experience in the area 15 years Organizations Mortgage Brokerage Education/Credentials BS in Chemical Engineering, BA in Sales and Marketing. Licensed Loan Officer for 6 years and I have worked as a Loan Officer for 15 years.
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