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I thought I'd done it all right: Excellent credit (782), documented income, 70% LTV, watched rates waiting til just the right time, applied and locked a great rate at the end of October. I'd heard of the troubles in the industry, but this is my 5th mortgage/refi, I thought it wouldn't be...
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[Scenario] Less than 75% LTV Client would pay it down to 70% LTV Wants a 5/1 ARM. Collier county, condo, jumbo loan, The answer I get is 65% LTV. All he wants is a 5/1 ARM at around 5%.
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Hi all! I am fortunate to have found such a valuable resource. My husband and I are feeling overwhelmed and confused about the path we should take and would appreciate any advice. I'll try to be as brief as possible. We have a 15 year loan at 4.25% with 8 years remaining and a HE Loan that floats...
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this is for a harp streamline refinance for a manufactured home 30 year fixed new loan on top and old loan on bottom, what do you think is this a good deal?
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We are looking to refi with a company other than our current mortgage company. Got a quote we liked, went through the whole process, suppossed to close tomorrow (7/13). All along he has said that the cost to close would be ~$4300 to $4800. We planned to pay ~half out of pocket and roll the other half...
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[Scenario] I have just completed a new construction and the construction loan will shortly convert to a 5/1 ARM at 5.6%, which was agreed to in the construction loan package. I am living on premises. Debt free except for construction loan. I prefer to move to a 30 year fixed jumbo, 80% LTV. In general...
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[Scenario] I have a client who wants to re-finance his 4-unit building. His credit is solid and has perfect mortgage history but standard income is not enough due to him not claiming his rental income on his 08-09 & 09-10 taxes. Can I still use this supplemental income to increase his buying power...
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As the daughter of a Realtor I was always taught (I have owned 5 houses) that the mortgage can be generally calculated as 1% of the loan. So, if the mortgage is $120,000 by the time you add in taxes & insurance your payment will be $1200.00 a month. Now as a Mitigator Consultant (helping people get...
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Please contact me, I may have a unique solution. Depends on various factors.
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Did you refinance the above loan? I offer Mortgage Advice and Mortgage Planning. My rates are also very good. Please feel free to contact me in case you are still looking to refinance.