How do I refinance my mortgage if I've already used HARP once before?
HARP is a one time event but most lenders would want to keep you as client if all payments are on time. I have seen borrowers who contacted their lender and simply requested change of rate with out closing cost or very little cost. CITI bank is one of those lenders.Also if you have had your loan for few years ,...

What happens if I make large payments to principle?
I guess you have your answer by now..... but i have a suggestion...use the $30,000 and buy an investment property for yourself.there are many good deals out there and you can take advantage of them. You get a tax shelter and also get extra income.Good luck...charlie

Need a jumbo loan in CA, purchase price $725,000 with 10% down?
i need to know more....is this property going to be your primary residence? how much income do you show? how is your credit?

i have a 603 fico score and i was wondering if theres a company that i would qualify for a mortgage with?
yes...FHA has no restriction on credit score... there are many lenders who go as far as 540 credit score.....have you had two year of employment ? 3.5% down payment? if the answer to the two questions above are yes...then you have a loan...call me if you need to talk further...may be I can pushup your score... 516.728.5212good luck

I had a chapter 7 bankruptcy in Nov 2012. My home which was not part of the bankruptcy ( so I thought) has and is still current.
hi;dont worry about having mortgage on your credit....you can always proof of timely payment by canceled checks...the only problem would be if this mortgage payment is the only credit line you have open. Is that the case?otherwise, dont worry....

If I refinance my primary residence today, can I then rent it out to use the income to qualify for a new mortage?
yes...subject to fact that there be minimum of 25% equity in your current property. THERE IS NO WAIT PERIOD

I have a customer who is looking to refinancing a gas station and an investment property in AZ. They have a short sale on their cr
No....sorry

If I have bad credit can I still get a loan for a house
I need more information. how bad is bad? can we fix the credit easily ? do have a copy of credit report ?feel free to call me 516.728.5212

What is the minimum a home can appreciate in 7 years?
there is real answer to this question. It depends on market conditions and stock market and entire financial state of country

Own home value is 480k clear, nothing owed. Last yr had default on other home. Can I get a loan?
yes you can....but need to know more detail about default and your jobfeel free to call me 516.728.5212

Can I get a jumbo loan for a property with 5% down??
Answer is yes...but must have good credit and few months of mortgage payment in reserve. feel free to call me 516.728.5212

I am going through a divorce and she is taking our home. Bad time to buy?
need more info on income and expense

We are current starting the process of purchasing a home with a full 203k mortgage. Will the Bank allow us to buy/finance kitchen cabinets on our own. And just make the installation of the cabinet part of the 203k plan.
yes you can . just make sure the paperwork is done correctly.feel free to contact me 516.728.5212

what is the current 7 year arm rate on a 6 unit property with 25% down payment
on 5 yr arm I have 4.375% with 30% down , purchase , fully occupiedCharles Berokhim516.728.5212

Is it smarter now to refinance my mortgage with a variable rate mortgage or with a fixed rate since the rates are rising?
to be able to answer you better , I need to know more about your future plans.but the rates are still low enough to go with fix rate. if you need to talk call me at 516.728.5212

getting residential loan for retail space
if the residential square footage is less than commercial square footage , I will be able to lend you as a residential .the loft must have a certificate occupancy as residential

I have a middle score of 700 and shopping for a home loan in the price range of $300,000. My income is 66,000. My husband has income of 45,000, but his middle score is below 600. What are our options at this time?
my bank lends on fico score of 580+...so feel free to call me if neededmy pleasure to help you get the dream home...my contact is 516.728.5212Charles BerokhimSenior Loan OfficerMLD bank ..direct lenderNY STATE NMLS #1019/48446 Direct: 516.728.5212Fax: 888.578.9674v/f 1.206.666.4430

Will i qualify with a 730 but 40% DTI?
you are a lender dream come true. You are perfect borrower. shop this loan to last minute because you are in control seat. Just make sure no one should run your credit until you have made your choice of lender.I will do anything to have you bussiness

Will alimony be considered in my loan application?
the answer is simply yes.either as income or expense

Would DTI cancel out low credit?
we gladely lend you with that catergory under FHA program . Feel free to contact me at 5167285212..charles Berokhim. Nmls#48446