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Mike Wald's Answers


How To Get Dispute Off My Fannie Mae Report
Fairly simple. We would get what's called a credit supplement. You write a short note saying that you are no longer disputing this account. The credit agency that we use will then call LItton to confirm, and a supplement is issued removing the dispute. Underwriter is happy, you get your loan! Let me...
Considering current market rates, is now the best time to lock or are rates likely to get better than this?
Well, that's the 464,000 question isn't?A couple of things. Not sure what loan amount you are considering, but if you are comfortable with the payments, then I'd lock. It's very rare that you start the loan process and float, and you end up with a better rate from when you started.Also, over the last few...
Can you do a conventional purchase on a home owned less than 90 days
In a word yes. Down payment does matter as John mentioned. Been at this for over 25 yrs, so please give me a call regarding any questions, pre-approval that you may need. 480-259-3867.
Is a 4.8% rate with 729 credit considered good?
Yes, I agree with everyone on here, should be in the high 3's. Sounds like you are dealing with a bank and being quoted a retail rate. I am a mortgage broker with access to many wholesale lenders and much lower rates. If I can help, please let me know. Thanks, and take care. 480-241-2632

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