My mom has good credit but mine is poor. But we need both of our income. what can we do?
Depending on what is causing your mom's credit to be bad, you will need to work on getting her scores back up to over 620 minimum. There are several things that can be done to raise it. Unfortunately, most lenders will not look at anyone with credit scores below 620, therefore, you need to work on the...

I just got discharge from filing bankrupty. I want to purchase me home. Will I be able to? If so, how do I go about finding a lend
Unfortunately almost all lenders will require that you reestablish your credit after a bankruptcy and they take the date of discharge to calculate the 2 year waiting period. Finding lenders that will waive that is just about impossible any more. I'm afraid you are going to have to wait the two...

Is there a diffence between a loan for an investment property and that for a home that the purchaser planned to live in?
Absolutely. There is more risk when a person does not actually live in a property, therefore lenders want more of your investment into the property. Typically you are looking at 25-30% down payment if you are not occupying the property. Also,the rate may be higher. I hope this answers your question. ...

My grandfather deeded his house to me, what are my options for home equity loans to purchase a second home?
Basically you can do a cash-out refinance to get the money to purchase your second home. If you are intersted in getting more specifics, call me at 307-237-7002 on Monday. We are all out of the office today and tomorrow for a lenders conference, but I would love to help you. Brenda Sanders

If I want to do renovations and qualify for FHA should I take out an FHA 203k loan?
If you have enough equity in the home you may not need to do a 203K Rehab program. We can loan up to 85% of the value for cash-out. Hope this answers your question. Brenda Sanders 307-237-7002

Is it possible to convert two sepparate home mortgages into one?
Jean I am a broker here in Wyoming and I agree with PhilDu. If you have enough equity in one property, it is possible to pay off the other property with the first property and only have one mortgage However, the mortgage would only be on the first property. Let me know if you need further information or if you...

My wife owns our house in her name; we want to refinance together
Absolutely you can and rates are perfect right now. Give me a call and we can discuss details or you can go to our website. We are a local mortgage lender in Casper. (307) 237-7002, www.stillwatermortgage.net. Ask for Brenda.

What information is generally needed for receiving rate quote
Generally we need to have your credit score, loan to value, type of loan product, occupancy, acreage, and property type. Give me a call and I can give you a lot more accurate answer. Brenda @ 307-237-7002.

is there a VA loan for dishonorable discharged veterans
Unless your Certificate of Eligibility allows for any benefits, there would not be any VA loan options. Unfortunately we have to go by what the Certificate of Eligibility says. If there is no eligibility then no we cannot.

ive been out of the service for 7 years but can i still get a VA loan
Absolutely - as long as you have a DD214 and your Certificate of Eligibility and you have your entitlement. I would love to help you get pre approved. Please call me at 307-237-7002. We can lend anywhere in the State of Wyoming. Brenda

Does usda have a renovatin loan program with zero down as well
Good question. The Very Low-Income Housing Repair program provides loans and grants to very low-income homeowners to repair, improve, or modernize their dwellings or to remove health and safety hazards. Rural Housing Repair and Rehabilitation Grants are funded directly by the Government. A grant...

EQUIFAX 14 DAY WINDOW FOR CREDIT REPORT PULL
What is the question?

Are there regulations that govern the rate or cost of PMI on conventional loans?
Sarah:PMI is calculated on your credit score and loan to value. Each mortgage insurance company sets their own rates also. Is there a particular question you regarding a PMI rate?Brenda

Is it possible to use non occupying co borrowers income to qualify for FHA loan?
Yes you can Jennifer. Just visit our website at www.stillwatermortgage.net. We service all of Wyoming!!Brenda Sanders

question about fha versus va loans
Typically Government rates are the same. It doesn't matter what the down payment is. If he is a Veteran then he will get the best program going through the VA loan program. I would be happy to do the comparisons for you if you would like. Contact me through our website at www.stillwatermortgage.net or call me...

Is it safe to refinance to lower monthly payments during retirement
Absolutely! If we can save you money on your payment then you should look into it. I would be happy to give you some numbers if you would like to contact me. My website address is BrendaSanders.net

I am in Riverton Wyoming and I have a clien that is asking about a reverse mortgage.
Although I am not located in Riverton, I am licensed for the entire State of Wyoming and I am based here in Casper. I do have a reverse mortgage product that I would be happy to give you more information on. Just go to my website at www.BrendaSanders.net or call me at 307-224-2520.

Are Twin Homes or Town Housed eligable for RD loans
Absolutely Dave. As long as the property is within the RD areas. I would be happy to help you get started if you want. My office is in Casper, however, I lend in all areas of the State. My website is www.BrendaSanders.net or you can call me at 307-224-2520.

Shopping for Mortgage with a Variety of Companies
Hi Patty - without knowing the particulars on your previous application, I will concur with John Moran regarding the timing. A good loan officer should be able to gather all the correct documentation at the time of the application and run the automated approval. If for some reason the loan officer has...

Extra Payments on Mortgage Principal
Typically your mortgage loan servicer will have a place on the payment coupon for you to fill out how much extra you want to apply to principal. You should also be able to do this online, depending on who your servicer is. If you have more questions, you may contact them. Brenda Sanders, NMLS 826985,...