Is it true that Obama has raised the LTV to 125% for refis?
The Making Home Affordable included loan to values of up to 125% for the DU refinance plus program. Fannie Mae released an update to their underwriting system early in September to allow for these scenarios.Here is a link to the announcement:https://www.efanniemae...

My bankruptcy was discharged in 2005, I have a couple late payments on my credit report in 2007 and 2008 is it possible to still buy?
Yes, it is still possible, BUT there is more information needed to know to see if you can get actually get an approval.All loan programs have guidelines with credit scores, debt to income ratios etc. I would highly reccomend you take the time to speak with a mortgage professsional before you start...

Should I begin to look for mortgage? Please take a look at my situation and let me know..
Brizonb,You have ask a few very good questions.First, it is always best to speak with a professional about obtaining a mortgage before you start looking for a property. This way you have all of the facts before you move forward. This is why I always offer a no cost, no obligation consultation where we...

conventional loan
Good Morning,There are many lenders that will do conventional financing with a 640 credit score. The difficult part may be obtaining mortgage insurance if you are putting down less than 20%.If you can provide more details it will allow me to best assist you.Purchase or refinance?Down payment...

best loan scenario for couple seeking condo
Both scenarios should be compared side by side. Is there a condo already selected? Is it FHA approved? Would the ratios work with just your husbands income to get the benefit of his score while putting both on title? My office is in West Bridgewater and I live in Middleborough. Jeff Drew, MLO#41456, Star...