Hello Buford, if your lender has told you that they are not renewing your mortgage at the end of the term they must give you a good reason for this. Renewals are processed without credit checks and do not usually require approval from the credit granting departments. Do you recall any problems with repayment of the mortgage? If so they may decide that a renewal is not in their best interests. If the mortgage is not currently past due I don`t see why they wouldn`t allow you to renew but then again they do hold the purse strings. It may be time Buford to examine your options with other lenders. Depending on your current financial situation you should be able to qualify for a mortgage and even see a better rate than what your lender would offer you. Banks are hungry for new business and any missed mortgage payment will not show up on your credit bureau. I would love to discuss with you your options, be honest and let me know what you think happened with your lender. There are programs out there for many different financial situations and if you are not getting a renewal on your existing mortgage that means you have to pay the remaining balance back which in most cases means selling the house. I hope that is not the case. Give me a call anytime and I will give you my thoughts on your situation. Abraham Niyazi - Mortgage Agent - Lic#M08010640 - Centum One FInancial Corp - Lic 10758. Cell: 416-993-4082 Toll Free: 1-866-728-3708 http://www.centum.ca/abraham_niyazi/ I deal with 25 Banks/Lenders and can do mortgages across Canada except Quebec.

ON Canada, Hello Narendra - I am just wondering why the bank would not allow you to renew. Unless you have had a lot of issues with them in the past and that they do not want to deal with you again. Email me the whole story and maybe I can help you get another reputable lender fitted to your current conditions. Victor Catalan - victor_catalan@centum.ca

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I really need help i want to buy my first home really bad, i am tired of renting a house. plus would it be better to go for a state mortgage lender or a big time mortgage lender like "lending-tree".

you need to talk to a lender thay perdy mutch will do every thing for you !! a realtor is need to help you find the house but you can do it on your own. around hear using a realtor to buy a house is mostly free thay get payed by the seller of the house you buy.

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I had a very bad experience with the mortgage lender and realtor. i believe i got screwed on my house. i'm young, and they knew it. i want to post my story but its too long. anyways, this has been eating me up for so long, and now i'm ready to take action. does anybody know of any resources where i can look up illegal/legal lender/realtor practices in texas. i don't need the code of ethics. i need solid law. i'm about to lose my house and this gave me enough courage to move forward. i've googled and looked at so many places and can't find anything. please help. i have no money or time for legal consultation right now. i'm very depressed. i work 2 ft jobs, have a baby, and cant pay my bills anymore. please help me!!! :(

There is a huge difference between fraud being committed by a Lender or Realtor and a Buyer who didn't have a clue as to what they were doing getting in way over his or her head. The fact that you are young has nothing to do with anything. There are plenty of young people who research what they are doing before they do it so that they don't enter into a deal that isn't in their best interests. The Texas AG's Office has a Mortgage Fraud Task Force that you can contact if it indeed was fraud. Here is a link to the Texas Office of The Consumer Credit Commissioner that lists what is considered predatory lending practice in Texas, along with the Texas Code that addresses the issue: http://www.occc.state.tx.us/pages/agency/strat05/pred.html I hope you work things out. Good Luck.

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I am in the process of trying to buy a house and the lender has asked for me to put down $3800 when from the beginning we were told we could get 100% financing. i have been saving and i have some money to go against this but i have also had to come out of pocket with other cash for the appraisal, putting a contact on the house, termite inspection, etc. so far i have a lot invested here. my question is though is there anywhere in the loan or realtor fees that costs can be cut so that they can help us. i mean if we lose this loan it is going to be by like $1500 and i hate to know that i have all this time and money invested so far and that is all that is keeping me from being able to buy. i got a good rate and everything with the loan sounds good, its just now the out of pocket expense that is hard to come up with?? help anyone!!!

Realtor and the mtg company is being paid a percent of the sale. Ask if they will lower the fee a little.

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I have a commercial pocket listing. i told a mortgage lender i know that deal in commercial loans and told him if he had someone interested let me know. he calls me the other day and says he has an interested buyer but, there's always a but. but, it's not his buyer, he has another friend that is a commercial lender and it's his buyer. the buyer does not have an agent so i will be facilitating the deal. the mortgage lender wants a 3% "finder's fee" and my friend the lender wants 1% of the total purchase price from me (out of my commission, which is 2.5%), or they won't bring the buyer to the table. can the buyer's lender get a 3% commission, my head and r.e. laws tell me no, i already know i can't pay my "friend" the lender 1% since he isn't licensed? i am extremely perplexed by this, he tells me "it's done all the time" i had never heard of it. can the buyer pay them a finder's fee? my seller thinks they're nuts, i am inclined to agree thanks for the help!

laws vary from state to state. In most cases if not a party to the contract they cannot get any funds. It may well be a scam

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I bought 5 years ago at exactly the wrong time. i paid 328k and its now worth around 180k. my house is getting too small after 3 kids (we had one and then twins). i would really like to move to a bigger house but not sure what my options are other than "walk away" or "rent". i know i will lose with both options. any ideas? who should i contact? my realtor or mortgage lender?

Your options are: 1) Rent it out 2) Ask your lender about a short sale 3) Walk away and let them foreclose 4) Come up with the cash to pay off the loan Options #2 & #3 will not only trash your credit, but will result in any losses by the bank being treated as taxable income to you. So lets say that you owe $250k and sell for $200k, you owe income taxes on that $50k.

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I'm a first time home buyer ex realtor and i understand a little bit about it. i did not have my maryland license but i'm looking to get answers for my mortgage lender who seems can't find any??? thank you for your help, i greatly appreciate feed back

What kind of details do you need besides the following. 1) No down payment required 2) Need a 620 mid score 3) No monthly mortgage insurance 4) Home must be in a USDA designated area - This can be looked up online 5) Can use seller concessions for closing costs or you can roll them in to the loan as long as there is room* 6) The loan does have income restrictions - This can be looked up online 7) Only offers a 30 year fixed loan 8) Is similar to FHA with property condition requirements. 9) Also has a streamline refinance option for down the road 10) Very strict on the maximum debt to income ratio. Does that help?

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I was pre-approved through supreme lending and mortgage lenders of america, but my realtor seems to think they are worthless since they are out of state lenders. they also pre-approved me for $5000 more than my local broker did. why would they give me more money and why does everyone in the real estate business think they are a joke?

Because online lenders have no commitment in your community and no reason to hold your hand or treat you right. They are impossible to deal with, and can screw up your deal with lies and non-performance. Please take the advice of the real estate community and use a respected LOCAL lender that you meet with in person. These people are dependent on the referrals that come from the local real estate agents and will do everything possible to get your loan done - on time, honestly and correctly. An online lender can jack you around big time, and cause you to lose the house or your earnest money.

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My realtor keeps telling me that a house seller won't accept an out of state lender for our mortgage because it is too big of a risk that the money won't be there on settlement. i think she is b.s.ing us to try to get us to go with her lender which she most likely gets money for. we have attempted to buy two houses (the first fell through due to the house turning out to be in bad condition after the home inspection) and both times she said the seller didn't want us to use an out of state lender. is she lying or are they actually a problem to work with? we'd prefer to use them because they aren't charging us points or a lending fee and it is a va mortgage.

If the seller included a stipulation IN THE contract then they can indeed not accept your lender. I kind of doubt that is in your contract but read it over. They are a problem only in that it can be a pain in the rear to deal with someone you can not land on the doorstep of when you are getting the run around. Yes, many are sold to out of town entities but that is after the deal is closed. It would be more likely to see a contingency AGAINST a buyer using FHA and VA that an out of town bank. Good luck home shopping.

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My realtor keeps telling me that a house seller won't accept an out of state lender for our mortgage because it is too big of a risk that the money won't be there on settlement. i think she is b.s.ing us to try to get us to go with her lender which she most likely gets money for. we have attempted to buy two houses (the first fell through due to the house turning out to be in bad condition after the home inspection) and both times she said the seller didn't want us to use an out of state lender. is she lying or are they actually a problem to work with? we'd prefer to use them because they aren't charging us points or a lending fee and it is a va mortgage.

she is trying to get you to use her lender cause they will get the cash to settlement on time but you have the right to use lender that you want if she keeps trying to get you to use her lender i would look for another agent to work with and i would look at reporting her for her actions cause this is very unprofessional of her you can check with the va if your not sure what to do