Q&A
Asked by Tyshia
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
Yes, fortunately FHA now allows borrowers to
qualify using an estimated payment of 1% of
their student loan balances. Note that even
if the loans are in deferment, or...
Q&A
Asked by pat
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hi Pat:
Yes fortunately you do have some
options. If you are looking to refinance, the
first option I would recommend is to look into
the HARP program. This is a Fa...
Q&A
Asked by an anonymous user
Answered by Carlos Contreras, ChFC® in Aventura, FL
The first thing you need to know is if
Massachusetts is a jurisdiction state. If so,
I would contact a certified foreclosure
attorney there. In Florida, we have 12 mo...
Q&A
Asked by Mike
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hello Mike:
My recommendation would be to
start with a lender referral from someone that
you know. Perhaps a family member or a friend
that has worked with a partic...
Q&A
Asked by an anonymous user
Answered by Brandon Hambright, Mortgage Loan OriginatorPRO+ in Mobile, AL
I would start by asking for detailed
transaction history from this lender. This
way you can see how the funds received are
distributed.
Q&A
Asked by John
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
All good points above, particularly using a
loan officer who tracks MBS trading in real
time, and who understands the factors that
influence rates. Shorter term locks...
Q&A
Asked by Erin
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
It's important to realize the distinction
between a mortgage lender/bank and a mortgage
broker. Brokers write loans, send to the
actual lenders for approval (in most ...
Q&A
Asked by an anonymous user
Answered by Heath Schneider, Mortgage BrokerPRO+ in Las Vegas, NV
You can incorporate land cost into an FHA loan
as long as you are attaching a new
manufactured home to the property at the same
time. It must appraise for the total p...
Q&A
Asked by an anonymous user
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
That could be an issue. You may want to
contact your attorney general's office for
further clarification.
Q&A
Asked by Elle Ekland
If I had to sell my house, can I get the property valued by a broker, or is it best by an appraiser?
Answered by Heath Schneider, Mortgage BrokerPRO+ in Las Vegas, NV
I suggest getting a value from a broker. They
call this a comparable market analysis. It
should consist of 3 comparable sales from in
the past 90 days that are in yo...
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