Q&A
Asked by Marcia
Answered by Ray Jones, CA Mortgage Loan Officer in Fresno, CA
The biggest qualification issues I have found
are the "owner" of the mortgage and the
origination date:
* * * The current mortgage
must have been owned or guaranteed ...
Q&A
Asked by Brian
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hello Brian -
Yes there are always closing
costs; the question is whether or not YOU pay
them as the borrower. Closing costs can be
paid outright by you, they can ...
Q&A
Asked by DONNA
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hello Donna:
I'm not 100% clear on the
supporting information for your question; was
the home sold (and therefore no longer owned
by you), or do you still own it bu...
Q&A
Asked by Vickey
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Vickey:
I believe that Mark provided a
thorough answer to your question, but I would
add one more item since you are looking to
take cash out. Take note of what you...
Q&A
Asked by David
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hi David:
Thanks for your question. You
actually touch upon a very common theme in
finance and that theme is "discipline". Having
served hundreds of clients over th...
Q&A
Asked by an anonymous user
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Thanks for the question. Hopefully you either
have an actual appraisal, a real estate broker
opinion, or you just have a good handle on
property values in your area. I...
Q&A
Asked by PATRICK STEVEN BARANICK
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hello Patrick:
It would appear that the
list you have provided are not mortgage
companies, but rather different names for the
HARP refinance program. "HARP" stands ...
Q&A
Asked by an anonymous user
Answered by Mark Haynie, Mortgage Broker in Los Angeles, CA
Any credit company that says they can remove a
foreclosure from a credit report may as well
be selling unicorn rides as well. As for
getting a loan with a foreclosure...
Q&A
Asked by Charles Jones
Answered by Mark Haynie, Mortgage Broker in Los Angeles, CA
Based on the 2.5% rate of your HELOC, it
appears to be PRIME -.75%, which is a pretty
sweet deal. I don't know if your initial
interest-only term was for 15 years or...
Q&A
Asked by Maria Mapoy
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
The answer to your question depends on several
factors. How financially secure are you? How
large is your loan? Do you live in a state
(NY/FL for two) with high clo...
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