What are the differences between Fannie Mae and Freddie Mac HARP programs?
Hello TBelmonet, I am licensed in Oregon. If I can be of assistance, or answer any of your specific questions, please let me know.Have a great day.Lorne

Is refinancing necessary to remove myself as co-signer from a mortgage?
The answer is not necessarily. You can contact the servicer of your mortgage and ask them if they have a way to release you from the liability. Usually this is for a "fee". However, typically a refinance is usually what it takes...

What loan program has the lowest down payment requirements for borrowers with good credit?
I believe Edmonds qualifies for the USDA program which is no down payment, but there are income limitations. Please let me know if I can assist you further with this...Thank you!Best Regards,Lorne

I need a lender that will do a manufactured home on a foundation but there's a second unit on the property subject to the property thank you
If the 2nd unit is not metered seperately, it may be considered as a "mother-in-law" quarters. In which case, it would be treated as a duplex. If you can get your hands on an old appraisal, you could have a lender review prior to doing a full application package.

Is getting a reverse mortgage a good idea?
Good Afternoon JLennon, I have done many reverse mortgages for clients. Please see my testimonials on our website. If I can be of assistance, I would be happy to spend the time with you to answer all your questions. I am licensed and do most of my business in the State of Wa.Regards,Lorne

Can I refinance my investment properties?
You do have a unique situaton. I believe I can assist you with your refinance. If the subject property was acquired by Fannie Mae prior to 6/1/2009, I believe HARP is an option and the fact that you have 10 financed properties should not be an issue....If I can be of assistance, pease feel free to contact me....you...

bank statements seasoned at least 2 months
To answer your question directly, you can use business funds for the down payment of your residence. However, you will need a letter from your CPA that clearly states that it will not inpact normal business operations.

Any lenders First time home buyer.
I would be happy to share a reputable credit repair agency with you. If I can be of assistance, please let me know.Thank you for using Lender411.

How do I qualify for a VA loan?
Being eligible for a VA loan doesn't guarantee you'll secure financing, but the program continues to help hundreds of thousands of deserving borrowers each year. Check out this post about VA loan eligibility here: http://www.veteransunited...

I am looking for a fha 203k broker/lender in California. I've identified a property, just need to find a lender. please email me.
You might google, American Pacific Mortgage in Roseville, 3000 Lava Ridge Ct. Ask for Karen McIntyre or Lindsay Whitter.

What are my best loan options to minimize $ out of pocket and avoid PMI?
Darryl, if I understand your second question correctly....you are asking if you can get cash back on a purchase of a home? If this is your question, the answer is you cannot receive cash back at closing....(generally speaking, unless it is a refund of over paid down payment in the form of earnest money)

Buying a House from Family
Consider Googling...."identity of interest transactions" or "non-arms length transactions"

Can I refinance with a new lender and not get an appraisal?
Barb is correct! Under most circumstances if you do an FHA Streamline, DU Refi Plus or Open Access loan; many times a lender can get around the appraisal requirement...Regards,Lorne

Can I forego the conventional waiting period after a foreclosure if I have a sufficient down payment?
This would be up to the underwriter making the decision on your loan (FHA & VA). If you can provide solid documentation that shows the foreclosure was clearly out of your control, then it is possible (although unlikely). This would be like a death of a wage earner, or a medical situation. If the...

iS THERE ANY LEGISLATION IN THE WORKS THAT WOULD REQUIRE 2ND LIEN HOLDERS REMAIN SUBORDINATE?
Perhaps the best thing you could do is call your 2nd mortgage holder and ask them if they will accomodate a re-subordination if you were to do a rate and term refinance of your first mortgage to improve your terms.

Can I qualify for a new mortgage? In a chapter 13 bankruptcy that ends May 2013 and currently going through a divorce.
Per FHA, you should be abe to apply for a new mortgage one day after your chapter 13 is dismissed/discharged. Your lender would most likely need "approve/eligible" automated findings, and no late payments since filing.

Should I pay off a medical bill that went to collection that is 2-3 years old?
I recommend doing nothing about that last collection and seek out a lender who will spend the time with you reviewing your credit report (tri-merged) and that has access and willing to run CreditXpert and help you with potential score increases through rapid re-score.

Home Equity loan with ba credit?
I recommend you work with a local loan officer and see if they will help you with a credit analysis and see if a "rapid rescore" might be an option to increase your scores...this has worked for my clients many times.

How much can I get out of a cash out refinance?
If you are an eligible veteran, you can borrow up to 90% of the appraised value. FHA is limited to 85% loan to value. (primary residence)

Trying to Refi with HARP, but LPMI is causing an issue...Any help is appreciated
Seek out a local broker who has options with various lenders. The MI can be transferred, however your lender must find the right institution that can help you.