"I am sorry that your friend has had these issues with their lender. The waiting period for FHA loans requiring a 3.5% down payment is 3 years, unless there were extenuating circumstances, which FHA describes as a serious illness or death or a wage earner. For conventional loans, the waiting period is 2 years with LTV's <=90%, and there is documentation of extenuating circumstances. Your friend may be able to document by supplying the lender with: copy of medical reports or bills; notice of..."    View Post

"3.25% no origination fee, (.25) lender credit with escrows"    View Post

"Dan, It is not illlegal to refinance your homestead (primary residence) using an adjustable rate mortgage. However, the scheduled installment amounts of a variable rate equity loan must be: (A) substantially equal between each interest rate adjustment; (B) sufficient to cover at least the amount of interest scheduled to accrue between each payment date and a portion of the principal. There are no stipulations under Article XVI, Section 50(a)(6) of the Texas Constitution that it must be a 5/1, 7/1..."    View Post

"It depends on the county and state that you live in. Here is the link to determine the income limits for your area. http://eligibility.sc.egov.usda.gov/eligibility/incomeEligibilityAction.do?pageAction=state&NavKey=income@11"    View Post

"Yes, short sales can go through on investment properties (rental). If the lender can save more from a short sale then by foreclosing, and the price a borrower is willing to pay is comparable with the market where the property is located, it doesn't matter if it is a owner occupied residence or a investment property, to most lenders. But, make sure you check with your loan servicer to verify their specific requirements."    View Post