My question is whether paying more down payment will help me get the best rate?
Great question. Interest rates are calculated by a few different criteria:1) credit score2) LTV (loan-to-value), such as 80% LTV (putting 20% down)3) if you have your taxes and insurance included with your payment4) owner occupied or investment propertyWith the above criteria putting more than...

Are there income limits for an FHA 203K Loan?
There are no "income limits for a FHA 203k loan. You qualify just as you would a regular loan plus the amount for the improvements to the property.

question about rates--our quote seems really high and we have good credit, why is it so much?
Michelle,Good afternoon. Rates are calculated by more than just credit score now. But, in an overall answer, these seem a liitle high. Our conventional rate today based on the information that you supplied would be 4.875% and for a "high balance" would be 5.125%. Please let me know if we can...

With these kind of rates is it better to do 15-year fixed or 30-yearfixed REFI?
Good afternoon,That is a great question. If you can afford the payment difference, you not only save by the shorter time frame but usually the interest rate is between .375 and .50 lower on the 15 year term. Let me know if you have any further questions. Thank you. Have a blessed day!

When are brokers required to release GFE and TIL
Once a loan originator has a complete application, they are required to provide a Good Faith Estimate within 3 days of the application.

Is it realtively easy to get a loan for a short sale? Or not?
Good afternoon,From the buyer's perspective, as long as the short sale has been approved, it is no different than a regular sale. Please let me know if you have further questions.Mike GeorgeAgape Mortgage(661) 324-2427

Can I refinance 3 years after foreclosure?
Kevin,Good afternoon. You can refinance 3 years after a foreclosure with a FHA or VA (2 years) loan. You cannot refinance 3 years after a foreclosure with conventional financing. The waiting period for conventional financing is 7 years. Please let me know if you have any questions.Mike GeorgeAgape...