I need a cash out refinance to invest in additional property. Looking for 120k.
There has been a lot that has happened since this was posted with Brexit! Could be a great time to take advantage of these low rates. Feel free to give me a call at any point 240-252-2519 or email me and we can discuss jschneider@eaglecrkmortgage.com

86 LTV refinance under 417,000 over 700 credit scores. Are there 3.5% APR or lower legit refinance options out there? MD home
Good Morning,There are definite options out there dependent on all qualifications to refinance your mortgage at or below 3.5%. It will also be dependent on the loan type that you have. If you have a conventional loan, at 86% LTV you have the option to pay mortgage insurance or not (in which the lender will...

If I am in a temp to perm position can I still qualify for a mortgage
Good Afternoon, There are a number of factors here, have you been working the past two years, are you certain it will turn into a permanent position, etc.Underwriters are looking for stability and continuance in regards to income. There is a verification of employment done within the process also,...

Can I refinance an FHA 203k Loan at a renovation completion?
Good Morning Tim!You certainly may refinance the 203k loan upon completion of the renovations. The 203k program is great as you know, since you can finance the renovations of your property. The downside is that most lenders find it more risky so the interest rate is higher than a regular FHA mortgage. ...

At what point in mortgage process do you need down payment in hand?
Good Afternoon,William is correct, it will have to be there before hand. I have several lenders that will send out the closing disclosure before having the funds, and will make sure that the funds are there before the closing can take place. With numerous programs out there, would you like to look at 0%...

I am looking for rates on a Construction to Permanent loan in Virginia. Borrowing around $600,000
Good afternoon,I can certainly take a look for you as there are a couple possible options. Please let me know when would be a good time to talk. We can go over your down payment options, rates, etc.James SchneiderEagle Creek Mortgagejschneider@eaglecrkmortgage.com Office: 240-252-2519

Does a refi on a condo typically take longer than a refi for a SFR?
There are a couple different items with condos compared to single family homes, such as condo questionnaires, but overall it shouldn't take that long. Hopefully you are locked in, as we are now in a rising interest rate environment.As a whole - lenders aren't overly busy, especially this time of year...

What is the benefit for refinancing a second mortgage?
Good Morning!The goal is to devise a strategy that will help you maintain and eliminate the debts as quickly as possible, while not hurting your monthly budget.First, if you did not use both mortgages to purchase the home and if it's a HELOC haven't drawn on it, then your refinance goes from being a rate...