Can I get a no closing cost streamline refinance to lower my interest rate?
Natalia,Sure. Depends on your current loan. If you are FHA. Then you can do the FHA Streamline refinance. If you have a conventional loan and are underwater then you will have to find out if your loan was acquired before June 1st 2009 by Fannie Mae or Freddie Mac. If you have equity then great!When it comes to...

Is there any advantages to VA vs. conventional loans? I have heard VA loans are harder to win a bidding war with.
Good Point William... I would also like to touch on VA financing is great for someone that cannot come up with a down payment. 0% down to nice for some veterans returning from duty. However, Conventional is the way to go for a smoother process especially if you have good credit like you say. If you have money for...

House underwater, what are my options for refinancing?
Hi Kandace,Brian is correct there is a lot of other information needed. However, You may qualify for the HARP program. (Home Affordable Refinance Program) If your loan was originated before June 1st 2009 and is owned by Fannie Mae or Freddie Mac. Additionally you would need atleast a 620 credit score...

I need someone to explain to me what equity is?
Being too technical is probably why Senuti is too confused already. Keep it simple guys. Equity is the difference between the appraised value and the outstanding mortgage/loan balance.

When should I refinance?
While you are gambling for rates to stabilize or possibly go lower, you are losing money if it is a rate/term reduction. Considering rates are most likely going to continue to rise as values will and will be in that cash-out cycle again. Lock in today and just get it done. If you got lucky and caught a...

Is there anyway I can be a single borrower but use my wife's income?
As the other say Ryan. No go. She would need to fully credit qualify to use her income on the loan.

Rates are going up...should I buy now?
Hi Kelly,The answer lies within you. The window to buy has started to close. Rates will continue to rise for the most part and values will coincide. People who buy now will most likely benefit with equity increase due to values increasing. If you can afford another mortgage. Then by all means do so. Maybe even...

Can I refinance my mortgage after bankruptcy?
You are looking anywhere generally from 2-4 years after the discharge date. It all depends on if it was financial mismanagement or extenuating circumstances sometimes as well. If you think you may be in that time range and are looking for a refinance. Please let me know. We specialize in previous...

i would like to buy a house, first time buyer, low credit score of 602 and high of 634. bills are 575$ month and i make 73000$ + a
Hi Farrfr,Your situation is highly possible. FHA loan is where you should be focused on. Most cases FHA can take a credit score as low as 580. You will unfortunately have to pay mortgage insurance but You can put as little as 3.5% down. Keep in mind. While you are improving your credit paying down your...

Can I convert my FHA loan into a conventional loan?
Absolutely you can. Just make sure you have enough equity and can meet any debt to income and credit requirements. Don't miss the buck before rates get too high!

Can I be processing two loans at the same time and back out of whatever loan doesn't close first?
It may cause a red flag to the underwriters. However, most likely not. It may be a waste of money to get 2 appraisals however...If you meet the guidelines then doing 1 loan should be fine with a trusted L.O. Why not do them both? Is it the same property that you are going through 2 different lenders? There must be...

Can I cash out on my investment property if I am unemployed?
If you have no income coming in at all it may be hard to qualify you. Most lender's still require a DTI (debt to income) requirement even if you have a lot of equity. When I say most, I mean 99%.

What is a good mortgage rate for an above 720 fico score?
As Bert said above, It is dependant on much more factors than just credit score. What type of loan are you referring too? Conforming,high balance, jumbo...Loan purpose? Cash-out? Rate/term refinance? Purchase? FHA? VA? Conventional? HARP? EOM (Economic Opportunity Mortgage) 30 Year fixed? 15...

I need A Lender that handles Fannie Mae Underwater Properties
Any lender/broker has the ability to do a HARP loan. (Home Affordable Refinance Program) It is not uncommon to find lenders willing to do unlimited LTV on these loans. There are DTI (debt to income) requirements and credit requirements (Min 620). Other than that it is a no brainer. Appraisal is waived...

Hi can I get a mortgage if I
Jay, If you have a job and credit over 620 then the answer leans towards a yes. There are many niche programs that will most certainly qualify you if you have those 2 parameters. If you would like to see if you qualify. Please give me a call 949-529-5521 Anytime.

Hi can I get a mortgage if I am here in the states on a work visa
Yes it is entirely possible. However, underwriters will look at if your Visa is renewable. Additionally you will probably need a SS # or TIN #. There needs to be an established credit history as well. Minimum 3 tradelines generally. Please contact one of the lenders in CA to see if you qualify. I would gladly...

Is there any way I can get a mortgage on a house that I don't have residency with?
Nick, The time to pick up an investment property is now. Well actually was 2-3 weeks ago when rates were prime. Still great time to pick up additional real estate to invest in. It is called an Investment Property or Non Owner-Occupied Loan. Interest rates are higher on these loans because there is more risk...

Should I refi to a fixed rate mortgage?
I would like to add, That in addition to what everyone else has said. It also depends in what point of the Walk of Life you are in. Are you still making investments? Are you on a fixed income and need a solid budget? ARM's do have their advantages, especially Interest Only. You must be an investor however to...

Do I have to be married to buy a home?
Marriage is not required =). You can apply for a home loan jointly and vest in title accordingly. Your spouse's credit and debt will come into play so be aware of that. If that affects the loan then you can always do the loan with 1 or the other (If you qualify) and put the spouse on Title. If your interested in a...

If my lender disappeared in the middle of a transaction what do I do?
If you mean your Loan Officer disappeared. Unfortunately this is very common in the industry. Either they are ignoring you because they cannot get the deal done or they are no longer with the company, most times. I would contact a local lender 411 Mortgage consultant to get some more information to help...