We have a small office in Santa Ana, 2700 SqFt
If you can buy for around $300k I think the numbers will work in your favor. .... Happy funding, Rudi

Click here and start typing your question
For legal advice contact an attorney.Ex husband? Ex partner? .... Happy funding, Rudi

Is a 15year fixed mortgage a good option in today's rate environment? Someone was telling me the sweet spot is 30-year fixed
The difference is about 1/2 %. I'd call that sweet. .... Happy funding, Rudi

Do I have to go through my original Lender?
No, unless you are applying as a "hardship" loan modification. .... Happy funding, Rudi

Can I get A home Loan WIth This Credit Score
Barely! But you can if you hurry. This minimum score is soon to be increased. ... Happy funding, Rudi

Does anyone do these loans anymore?
Stated income verified asset documentation is available from several portfolio lenders. Even if you find a SIVA, the lender will require you to sign forms that allow them to receive your last two years Federal Tax Transcripts. Basically, a SIVA is used to make the loan process easier and faster. Not to...

2 Loans into 1
There is no way to combine both mortgages into one. If you're really concerned about the amount of properties financed, with us that's a non-issue. If you wish to lower your payments, refinancing both properties individually, is the only course of action. .... Happy funding, Rudi

Pay back reverse mortgage?
Talk to her/your attorney. If you are the sole heir, transferring title into your name or a trust, would be required before you can do anything with the property.Then, within 12 months from time of death, you may sell, refinance, pay cash or let the lender sell and give you the balance of proceeds. .... Happy...

Are the mortgage rates the reverse of the DOW Jones and stock market?
Mortgage rates are primarily influence by Mortgage Backed Securities (MBS). Also, influenced by the 10 year Treasury. But, lately, by any statistic or occurrence that may effect the financial market. .... Happy funding, Rudi

HELOC
You need to speak toyour CPA or tax professional.My 2 cents is HELOC interest is not tax deductible, if it was not part of the "purchase money." ... It isn't taxed as income, because this is borrowed money. .... Happy funding, Rudi

Loan transfer
No loopholes. To get yourself out from under this, you'll probably need to help your bother some more. Help him lower his debt. If he starts paying on-time, his scores should increase fairly quickly. .... Happy funding, Rudi

Besides Credit Score
Enter your answer here

Why?!
Why is grass green and does it really matter? The fact is they are still at historic lows. This may continue throughout the year. What probably will change is guidelines, as we've seen in the past two years. All, becoming more stringent.Tis is surely the time to explore the possibility of a refinance. .......

Can My Son Get An FHA Mortgage?
If he can make a breath mark on a mirror, has 3.5% down. A minimum FICO of 620 -640, you may help as a co-borrower. .... Happy funding, Rudi

What is a 203K Loan? Are these government loans, part of the new bailout?
This is a loan where you may receive up to $35,000 to fix items needed on the purchased property. Nothing to do with distressed properties. ..... Happy funding, Rudi

Can someone predict how long the rates will remain this low? My property value is still not where I can get a refi, but how long will this good thin
You hang in there. .... Rates probably won't move much this year. Nor, will the value of your property. If you plan to stay for several years, the only way, if you do not qualify for a hardship, is to refinance a lower balance by putting some cash into the transaction. ..... Happy funding, Rudi

Should I Refi Or Not?
Posting your info here is still a pig in a poke. .... Talk to a few mortgage professionals that are competent to explain and interact with you to provide a total understanding of your situation and your choices. .... Happy funding, Rudi.

How do lender get paid..how much?
Fees can be paid as a lump sum or the lender can pay by increasing the rate or a combination thereof. With a purchase it can't be included in the financed amount. .... Happy funding, Rudi

Private Lender?
The advantage is hardly any documentation is required and usually the loan funds fast. The disadvantage is rates and fees are considerably higher due to the assumed higher risk.This is usually referred to as hard money. Like many others that offer hard money loans, we recently changed our criteria. No...

What is considered a mortgage late? How bad will it hurt my credit?
Some lenders will still consider borrowers with up to 2 - 30 day lates in the past two years. 60 days is a killer. Yes, if you don't pay your monthly statement by the end of the month, including any late fees, they will report this to the credit repositories, which will cause you credit score to go down. .......