My wife and I are wanting to purchase the house we are renting, and the loan would be through the USDA Rural Development. In the application, it said we need a copy of two years W2s, but we did our taxes online via a public computer the last two years and we don’t have them. I noticed on the IRS website that you can get either a transcript of your W2s for free, or your actual W2s for per year that you request. I can’t afford to get the actual W2s, and we’re wanting to expedite this so we qualify for the K tax credit for first time home buyer (cutoff date being early December). I called the local USDA office and the woman said she "thinks" she needs the actual W2s, but she didn’t sound very sure about that. I’ve read online that you can take a transcript. So any clarity on the subject would help.

Thanks!
In response to not buying the house because we can’t afford the copies… if we bought our house, our bank said that we’d actually SAVE about 0/mo in what we pay on rent. =)

Hey I have had about 6 - 10 withdrawls on my last two bank statements from the casino’s. They equal around 3 k. DOes this hurt my chances of getting a mortgage? Thank you for your help

Its been two weeks and still nothing and its Friday so now we won’t hear anything till Monday. We found a house and put a bid in and the other bank approved our offer. Now are bank has to get us a pre approval letter. I’m so stress I think that our bank is dragging their feet.
I was approved before and the bank with the house went up 00 so we needed to get a new approval letter with the amount of the house.

I have fallen in love with a house that is £355,000.00. One small problem I only have a £5,000.00 deposit… stupidly last year we spent our deposit on our wedding and honeymoon as we had no plans to move. Since then our neighbours both sides have moved and as a result we would really like to move too. There is only perhaps 2 - 3 thousand equity in the house we currently live in so we cannot find it from there.

My wife is a Doctor and the mortgage would be solely in her name, her basic salary is £80,000. We can afford the mortgage but obviously with the financial climate change 100% mortgages are no longer available.

Is there any advice other than the obvious (ie abandon the search until we have a 10 - 15% deposit) We have looked into the government homebuy scheme but as her salary is over £60k we do not qualify

Any sensible advice welcomed
Its that age old thing of living to your means….. savings started after the new kitchen!

And yes I do know how rediculous this question sounds and how obscene the money is we are talking about. One of the most amazing things this money does is being able to help family most of which are on a similar income to yourself. My mum shakes her head at me all the time

a mortgage?how do I find a good mortgage company that I can trust?Any suggestions,ideas?

I purchased my first townhouse for 50k about 7 months ago with a VA loan. I would like to purchase another townhouse in the same building as mine to rent out. Does anyone know a way for me to get a second mortgage so I can purchase the property. All the banks I look up online will not lend for investment properties. Currently my house note is 400 a month I pay double every month to pay it off faster. Also there are still renters in the other townhouses that pay 650 for rent and I am willing to put down 20% with the new loan.

I want to live in Detroit where the real estate is cheap and work for a New York company to support myself. However, I was warned about upside-down the mortgages.What is the best way to avoid getting caught in an upside-down mortgage?

The Simple-Interest mortgages are the mortgages in which the interest is calculated on daily basis instead of monthly basis. This type of mortgage loan only for those borrowers who are disciplined, confident and extremely experienced. This loan facilitates the use of cash which would usually be used to pay the interests of the mortgages or the principal amount according to your credit report or FICO score . The amount is most likely to be used in investing which in turn would facilitate the regular payments of the mortgage installments. There is always one limitation to this type of loan. Regardless of the borrower’s skill and experience, as compared with the traditional monthly payment mortgages, the borrower always ends up paying more than estimated.

Also there is no grace period for the simple interest loans. For example of your due date for the installment falls on a Sunday and if your payment is not received until the preceding Saturday, then your payment is counted as late and you will be charged the late fees for every outstanding payment day. This also means that the late fees are accrued daily and on interest compounds. Also there is a very high percentage of irresponsible borrowers falling for the trap of not paying the regular installments, making higher payments to the principal.

If you are a first time house buyer of a home in Connecticut, you may be a long time resident of the Connecticut looking to refinance your mortgage loan or perhaps you are relocating from another state to Connecticut. Whatever the situation, you must teach yourself the ways of the home loans provided in the state before you go for any type of home loan.

The average price of house in Connecticut is around $220,000. The recent trend in the loans market shows that the house appreciation rates in the state have risen well above the national average. But the average income of the people in Connecticut is low in order to afford a middle class house. As a result, a lot of people are opting for a large number of conventional loans. Even though the average rate of interest in the state is well below the average, Connecticut has the lowest levels of home affordability in the nation. But the well structured and experienced people in Connecticut opt for the more aggressive simple interest mortgages for having enough cash in hand for investments.

As simple interest mortgages support regular and beforehand payments and which are not credited on the due date, the rate of interest charged from the borrowers is stated to be reduced gradually. All those who are well settled and the seasoned people in Connecticut opt for the simple interest loans because this helps them by facilitating enough liquid money in their hand to invest. And on the basis of these investments, they make their payments of the mortgages. But if you default or fail to pay the mortgage repayments when they are due, then you are entitled to pay amounts which are much higher as penalties. The borrower is subjected to a daily penalty for each day they are late.

Therefore, instead of going for home loans in Connecticut which will imprison you for life in their compound interests, why not opt for simple interest loans. The simple interest mortgage structure will ensure that you will have the no defaults at all. It means that the home owners can live peacefully without being bugged by the financial institutions. Surely, there are risks involved, but they are involved in every type of loan. But if you make a difference by being someone who actually pays the mortgages on time and without any defaults, then the banks will be more than happy to assist you whenever you are in need of quick money.

If you are in the market for an Alabama mortgage loan or a Connecticut mortgage loan or a home loan in any part of the country find out if an ARM mortgage or a fixed rate mortgage is right for your financial situation

I want to live in Detroit where the real estate is cheap and work for a New York company to support myself. However, I was warned about upside-down the mortgages.What is the best way to avoid getting caught in an upside-down mortgage?

My husband and I are going to get pre approved for a mortgage, do they need to know that we are looking to buy a 2 family home? Does it make a difference?