Mortgages discussions and local services.
All discussions
Every public discussion, newest first. Older conversations are always a page away.
999 discussions
What does an FHA streamline appraisal waiver leave out?
An FHA streamline refinance may not require a new appraisal if the existing FHA loan and the proposed refinance meet the program’s eligibility rules. But a waiver isn’t…
How do you compare points and lender credits on a rental refinance?
On a refinance for an investment property, how do you decide whether paying points for a lower rate is worthwhile, or whether taking lender credits for a higher…
Could a consolidation loan complicate mortgage preapproval?
A lower monthly payment from consolidating credit-card balances might help with cash flow, but I’m unsure how a new loan could affect mortgage readiness. Would the lender count…
A flexible closing date makes the lock deadline hard to judge
When a purchase doesn’t have a firm closing date, how do you decide whether to lock the mortgage rate now or wait? Locking sooner can limit the risk…
Bank Statement Loan Texas for Self-Employed Borrowers: How Does It Work?
Has anyone here looked into a bank statement loan Texas program for self-employed borrowers? These loans can be useful when someone has strong business cash flow but their…
HELOC vs Second Mortgage — A Useful Comparison for Homeowners
We recently put together a practical comparison of HELOCs and standalone second mortgages for homeowners trying to decide how to access their equity: https://dreamhomemortgage.com/second-mortgage-vs-heloc/ The biggest difference is…
Which mortgage records are worth keeping after the broker is paid?
Which parts of a mortgage broker’s file are worth preserving after closing, especially if a fee, payment, or later refinance question comes up? The Loan Estimate, Closing Disclosure,…
Does refinancing still pay off after restarting the amortization schedule?
I’m evaluating a refinance intended to shorten the payoff period, but I’m concerned that the savings may look better on paper than they are after closing costs and…
Chapter 7 reaffirmation when the house needs major repairs
When a house needs major repairs during a Chapter 7 case, how should the repair budget factor into a discussion about keeping the property? It seems important to…
Keeping a low first-mortgage rate while renovating in stages
I’m trying to compare a home equity loan with a cash-out refinance for renovations that won’t all happen at once. The main reason I’m hesitant about refinancing is…
