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Timothy Howard's Answers


Want to get into a $2.1 M home. Is this possible?
call me. 4357648709lets talk specifics so we both know we are on the same page
I'm looking for a loan on an approved condo with 10% or less down. This will be a vacation home about 300 miles away from our per
First of all I would ask where is the condo located? The good thing is as long you are 50 miles away from your primary residence, and purchasing another property you will be able to get the same kind of financing as your primary residence.You may go FHA, IF the condo development is already approved, if...
am i able to transfer mortgage to a non-family member?
Both are good answers. If the person is on the title of the property for a seasoned period, most likely 12 months, at that time they can refinance it into their name, or do it as a purchase to whom you want to "transfer" it too.
is there an alternative to harp?
Jerome,Please email your statement to timothy.howard@supremelending.com.From this I will give you the best options.
Willing to owner finance until buyer improves credit score. What can be done to improve credit score faster?
For the first question, It will depend on the person to whom you are dealing with. As far as improving credit scores...put all your bills on auto payment and don't miss any for the next 12 months. Also, some banks like, capitol one, ally bank offer prepaid credit cards and they report your progress to the...
i have bad credit
Put all your bills on auto payment and make sure you don't miss any!
possible to get prequaled for too much $?
do not do this deal....your monthly income is around 4400 a month with 2200 at 50% debt to income ratio for all bill to be paid. I am working on a 160k loan and their payment is almost $1,000.00. Maybe they have a typo in there....and I pray this is correct..VA is more lenient on credit scores, so that is not a worry. Play the...
How do I get a mortgage if I am out of student loan deferments and I need to have it deferred to qualify?
Go back to school.Consolidate them together.Pay off debt.Get a co-signer for the mortgage.Get a second job and have 6 months work history, (not part time, otherwise need two year history)
what is minimum fico needed for reverse mortgage thank you
I love Terra Haute!! Go Sycamores!!! My home town! As stated by many below, you do not need any credit scores...just make sure you have enough equity in your home to make it worth while!
loan and down payment assistance programs near tacoma, wa
If you are in a Key Bank foot print area, they have a 100% home loan, no pmi. Drawback is the interest rate is a bit higher then others, but cheaper than FHA programs.
i was told i could get a refi rate for 2.4%
If this does actually exist, it will most like cost you thousands of dollars to buy down to this rate. On the 5/1 arms, today, the rates are about 3.25%. This type of loan is fixed for only 5 years then after that it will be adjustable. 15 year mortgages are in the mid to high 3's percentage wise, and 30 years...
does a short sale affect credit score?
A short sale is for many lenders considered a foreclosure. It will take 3 or 4 years to be able to buy a home.
Looking for a VA approved lender
Dwight,Hello Timothy Howard here. VA is an awesome way to get into a home loan. 100% loan, no private mortgage insurance, more flexible guidelines, and it come with some good perks,Somethings to consider:Length of loan you want: 30, 15 etc.There is an upfront funding fee of 3.5%. If your are 10% disabled...
Is there such as thing as 5% down mortgage?
I just want to build upon what Kim Jones has states. As far as the conventional loan with 5% down, Yes, the mortgage insurance is less, but you do have the option of paying it all upfront. By doing this, you have no mortgage insurance over the life of the loan at all. I would only really do this IF you are going to...
here's a question
What is your Question?
how much are lender fees usually
Depends if the lender you are using charges points or not.Between processing, underwriting, flood certification, credit report, appraisal,and a couple smaller things added in, you would be looking at $1710.00 for these.But when buying a home, the sellers can pay 3% of the closing costs for you, thus...
i want to pursue a lease-to-own..do i need prequalification?
Call me tomorrow at 435.764.8709. We can talk in much more detail about this than on this post.
i had to do a short sale 3 years ago, when can i apply for a mortgage again
With us, if we have offices in your area, we treat them as a deed in lieu after two years. We will only loan up to 80% loan to value. After 4 year we will do up to 90% loan to value. The kicker is you need to have an approval through our automated underwriting.

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