Q&A
Asked by Mike
Answered by Ted Erickson
Mortgage Broker in Novato, CA
You should ask the seller if they will allow it. They are the ones making the final decision and not some loan officer. If your want vegas odds on it being allowed I a...
Q&A
Asked by an anonymous user
Answered by David Skow
Mortgage Broker in Seattle , WA
thanks for the post ...1) meet with a local loan person and begin pre approval process ...a good loan officer should be able to tell you quickly if a loan is possibl...
Q&A
Asked by an anonymous user
Answered by Chad Freeman PRO+
Branch Manager in Bethesda, MD
Hello: In your example, the 2.99% would represent the "Interest Rate" while the 3.29% represents the "Annual Percentage Rate". It's not really a question of which n...
Q&A
Asked by fred
Answered by Ted Rood PRO+
Mortgage Broker in Maryland Heights, MO
FHA allows borrowers to obtain home loans 2 years after the DISCHARGE of a bankruptcy, provided there's been no additional derogatory information on the credit report...
Q&A
Asked by Peg
Answered by Chad Freeman PRO+
Branch Manager in Bethesda, MD
Hello Peg: Not all loan officers are created equal as you are experiencing; which is why it is so critical to not base your decision solely on rate as so many consu...
Q&A
Asked by Jason
Answered by Chad Freeman PRO+
Branch Manager in Bethesda, MD
Hi Jason: By far, the most important market to track will be the bond market. This is where mortgage backed securities are bought & sold and your greatest predicter...
Q&A
Asked by jamie
Answered by Chuck Arnold
Financial Adviser in Denver, CO
You need a good real estate person, (which I am not), a good mortgage broker, (which I am not). There are some mortgages available with FHA, I believe, which offer as ...
Q&A
Asked by an anonymous user
Answered by Ted Rood PRO+
Mortgage Broker in Maryland Heights, MO
You're going to be looking at a minimum of two years from the discharge date of your bankruptcy before you'll be POTENTIALLY eligible for an FHA loan. You will still ...
Q&A
Asked by Evelyn
Answered by Ted Rood PRO+
Mortgage Broker in Maryland Heights, MO
Sure, you can certainly do a cash out refinance on your condo to obtain funds for your son's.....with a few conditions: Your condo complex will need to be Fannie Mae ...
Q&A
Asked by Edward V Dimarzio
Answered by David Skow
Mortgage Broker in Seattle , WA
Edward Not really ...depending on how " bad " the credit and credit scores are ...you might be able to locate soem options that only require 3% or 3.5% of the pur...
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