What refinance options are available for a VA-ineligible borrower who assumed a VA mortgage?
IRRRL can be done only if you have already used your eligibility for a VA loan on the property you intend to refinance. It must be a VA to VA refinance, and it will reuse the VA Home Loan entitlement you used originally. You may have used your entitlement by obtaining a VA loan when you bought your house, or by...
underwater condo calhfa 6.25% 510k loan more details
FHA needs 6 months (6 payments) seasoning before you refinance again through FHA. Once you are ready then you can look into a FHA fixed loan (up to 97.5% of the total current value of your property without meeting the net tangible benefit set by FHA (considering that you have a low rated ARM). When it comes...
Do you refinance a commercial loan for a retail 3 unit property???
Hi Nazih,Refinancing commercial property is totally different than residential and requires experience and knowledge not to mention working with the right lender. If you need more information you can reach me at 949-842-9951 Marco Bajak, Senior Mortgage Banker. Thanks