What are the resonable lender fees for a $400K home (condo) purchase?
Hi James,You are correct that there is a range in lender fees, which are their costs to provide mortgage financing loans. You do have the option of paying these fees yourself, have seller contributions, gift funds from relatives or obtain a higher interest rate and use the credit from the lender...

My credit score is 800 -my huband and I have been employed with the same companies for 7 yrs & 16 years. My LTV ratio is 90%. My loan is a 10yr IO fixed orig in 2004. I owe $326,000K on my first @ 6%, and $77K on my 2nd. I need to reduce my mo payment. What are my options. The orig loan was for $459K.
Thank you for your question.You can consolidate both your 1st and 2nd mortgages into one new 30 year fixed loan in a rate/term refinance depending if your 2nd mortgage was a purchase money second or you have not drawn out cash in the last 12 months (if it's a heloc). Since your LTV is 90%, then you will...

Can we get cash from our home?
Hello Elliot,Based on your information provided, your mom is currently at 80% loan-to-value. The FHA cash out refinance program is maxed at 85% loan-to-value, which most likely would not be enough to get you the cash out needed plus covering the closing costs. In regards to a new second mortgage, most...

I am worried about my current credit score please advise
Hi Brian,Thank you for your question. Yes, you are correct that 620 is the minimum credit score that most lenders require for an FHA home loan. However, if you're shopping for a mortgage loan, then it will not negatively impact your credit score especially if you're shopping within a short...

Need a mortgage, 260,000, 680 FICO, Arizona
Hello Randy3098,I would like to thank you for your recent inquiry for a mortgage interest rate quote that you submitted through Lender411. I look forward to speaking with you to discuss your goal to obtain mortgage financing.There is no fee and no obligation for your application to be prequalified. ...