If I want to do renovations and qualify for FHA should I take out an FHA 203k loan?
Steve,Assuming that you are a buyer and want to be sure that you get the property you want through renovating, the 203K is an excellent product. Your purchase price and the renovations are included in one loan with one interest rate. It's not necessary to have a fixer-upper either, it can be used to add a...
I'm good. How about yourself?
Is there any way I can get a mortgage on a house that I don't have residency with?
Hey, Nick.If you are asking if you can get financing for an investment property, yes, you can--single family residence and even multi-family property. If you mean can you be a non-occupying co-borrower, you can if the borrower will be living in the property. We see this often with a parent co-signing...
When can we "reasonably" expect to be able to refi (r/t only) after modification.
I'm in Virginia so I would not be able to help you. I did wonder though, was a principal curtailment done? Are you saying that you bgan the process in 2009 and JUST (as in July 2013) received your paperwork? Were you making making during the last 4 years?