r/MortgageLoans

I have been on forbearance now for 5 months and I am panicking because we closed in 2025 and only made 2 payments before entering forbearance. We have an FHA loan don’t I need to make at least 4 payments to qualify for the thing where they put the amount owed into a second lien of something against the home? All I know is I can’t come up with the full amount and I can’t do a repayment plan cuz it will never work. I can’t sleep over this we currently are behind 17k and only have 2 payments under our belt so I think we need to make 2 More before the forbearance ends correct? Can combine please tell me if they have been in the same boat to make me feel a little more at ease. And our loan service is through freedom mortgage

I have been on forbearance now for 5 months and I am panicking because we closed in 2025 and only made 2 payments before entering forbearance. We have an FHA loan don’t I need to make at least 4 payments to qualify for the thing where they put the amount owed into a second lien of something against the home? All I know is I can’t come up with the full amount and I can’t do a repayment plan cuz it will never work. I can’t sleep over this we currently are behind 17k and only have 2 payments under our belt so I think we need to make 2 More before the forbearance ends correct? Can combine please tell me if they have been in the same boat to make me feel a little more at ease. And our loan service is through freedom mortgage

So my fiancé is on his mums mortgage. She asked him to go on it (name only, he does not pay towards it) to help her out of a tough financial situation when she broke up with her ex partner. She also promised if he went on it then she would pay for his stamp duty (due to it effecting the first time buyers benefit) (this was a few years ago).

His mum is now engaged to a new partner who is still on his old mortgage with his ex wife and is going through court battles for various issues.

We have asked his mum to take him off of the mortgage so we can buy a house but she has said she doesn’t have the money to do this so we will have to wait until it comes to renewal in August. She is borrowing a significant amount of money from family to get her debts paid off so she can be eligible to be the sole name on the mortgage.

A note to add is that there is currently a lot of contention within the family partly due to her saying she now cannot afford the stamp duty she promised but has booked a £6000+ holiday this year but also because since being with her partner she has pushed away the majority of her family who she has relied on for emotional, financial and child care support.

She is now telling us that she is ‘hoping’ to be able to get him off in August and has even asked for money from us to ‘have a chance of getting off sooner’.

Advise needed:

can she automatically renew the mortgage without permission/ a signature from my fiancé?

What are our options if she cannot get him off of the mortgage?

Just general advice if anything else comes to mind. We’re at a point where we want to start our own lives and feel she is taking advantage of the situation and continually moving the ‘goal posts’.

Does it make sense to borrow from 401k in order to put 20% down and avoid PMI?

Are there lenders that don't charge PMI with less than 20% down? (i.e. - hold the loan to term vs offloading to larger firms). If so, how do I find these lenders?

Their sales pitch is just like any other, amazing results, AI, automations, appointments set, they're "Different" than everyone else.

They're a dream come true for any human that wants to earn tons of cash as a loan originator, I could make a million dollars a year with only Diamond Equity AI by the results they pitch. They promise 8-12 deals per month or something like that, insane and naive of them. Just be honest and say if everything works out good, you might get 2 loans every 3 months...

I impulsively signed up for a 3 month stint. After I signed up I did further research (Stupid yes I know) and it's probably NOTHING like they say But honestly - if it does actually produce ONE-TWO deals a month it would be worth it, I make 200bps so won't take a lot to recoup the investment.

I'll be the guinea pig for y'all at zero cost to you 😄 I'll will be providing REAL FEEDBACK on this company since there is NONE available on Reddit or anywhere else for that matter Here is what I've found so far.

REDDIT COMMENTS about Diamond Equity AI: I've analyzed as many reddit comments about Diamond Equity AI as I could find, they're all positive unless the post is asking about it.

STATS: ZERO actual stats anywhere. If any of these users are actually successful, they'd probably post something about the results... I got 18 leads and closed 2, or I spent X and earned 2.5X back, but nothing, Many of the positive accounts that I looked closely at are also subscribed to India based content and many of the accounts are very new. So they paid some of their developers to post positive comments and they created a few accounts themselves and posted positive comments.

One favorable account post is from India that account also posts scam BS about finding the "App that ACTUALLY pays you" and he asks people to DM him about it, total scam BS

RESULTS: Probably BS Hype, The comments i found are from brand new or very new accounts with few other comments or posts and the posts from these accounts are in many cases ONLY about Diamond Equity AI.

I’m in need of 2 point increase for a FHA loan to be at 580. I recently paid off all my collections and all I’m left with is my truck loan and student loans ($7800) It’s only been 20 days since I paid collections off and I hope my credit will bring to the 580 range. Please help if anyone has any advice. Thanks.

Hi, I have a client looking for $600k cash out refi on his $1.6M primary residence in FL. $400k of the $600k will go towards paying off higher interest debt on the property, much of rest to pay off credit cards. His current credit score is 646. I don’t have all his financials yet but his income is well into 6 figures.

I’m a business loan broker, so I need a residential partner for this.