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[Scenario] Hello there, I currently have a town home & eying on a new single family home so that cud take advantage of the low sales price that exists now. The loan amount I am looking at is jumbo. A few lenders that I talked to told me no one does second mortgage/ 2nd trust loan now a days &...
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FHA/VA streamline refinance with out an appraisal and scores as low as 550. The mortgage must be current for the month due. All Loan Amounts may not exceed the HUD county limits for that area. Subordinate Liens may be re-subordinated up to 103% CLTV. If changing from an Arm to a Fixed, the new rate can...
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[Scenario] LOOKING TO REFI, HAVE ADJUSTABLE NOW 3.75 BAL.109.000 TAX& INSUR/APPROX.8,000, looking for best loan available for my situation. FHA,VA or what Best, if looking for quick loan, remember keep the org. fee yeild spread and variuos fees in mind THANKS
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I have a borrwer who has a construction loan with b of a, and wants to convert to a 30 eyar fixed with me after already locking with b of a. My borrower is telling me that b of a will charge him .5% if he walks from the lock. I heard due to the new mdia laws, that is not true, they cant charge anything...
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Only if the line of credit gives you the option of locking in. If not then you will need to look into refinancing the loan into a fixed rate.
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Yes, you must be informed of the payoff amount. This will effect your cash needed to close or cash out depending on what you are doing with the refinance.
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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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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.
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Your post is going to ring true for a lot of people out there. Unfortunately, the industry has a lot of complexities, and there are a lot of hands involved in every mortgage - while it may seem as though the world is out to get you, let me offer a few extra bits of information: If the credit union or...
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You will need to refinance, I have contacts throughout the U.S. I can refer you too, to start getting the answers you need and get you moving in the right direction. Our real estate team of professionals can answer your questions, it wouldn't hurt to get all your "t's" crossed. You...