reposesed car of 14thousand cause me problems if refinance?
Hi Kevin,How long ago did this happen? Is $14,000 the difference between what you owed them and what they sold it for? What are your current credit scores?Jeff PhillipsHP Investments, IncPhone - 415-867-6488Fax - 415-962-0474jeff@hpinvestmentsinc.comDRE - 01879516NMLS - 242083

who can check refinace paperwork 2ensure nothing damage me now or later & 4how much
Hi Kevin, You can contact me directly at jeff@hpinvestmentsinc.com. I would be happy to look it over. No charge.Jeff PhillipsHP Investments, IncPhone - 415-867-6488Fax - 415-962-0474jeff@hpinvestmentsinc.comDRE - 01879516NMLS - 242083

Can I get a the best possible mortgage rate with a credit score of 737?
There is a break at 740. It is pretty easy to get your credit score up. Call me and I can advise you on how to get it up a few points and keep it up.Jeff Phillips415-867-6488jeff@hpinvestmentsinc.com

How should i finance home improvement for energy efficient (solar panels & appliances)?
If you currently have an FHA loan, I would recommend refinancing with their Energy Efficient Mortgage. We have lenders that will allow this with an FHA Streamline Refinance.

Is there help for non Fannie Mae loans?
Hi Gerard,Much of California has experienced 20+% appreciation in home values from 2012-2013. I would be happy to check value for you and let you know if there are any loan programs that you would qualify for. Jeff PhillipsHPI Financial415-867-6488

Are there any loans for manufactured homes?
Yes, we have a variety of lenders for Manufactured homes both FHA and Conventional. You can call or email me and I will get a quote for you.Jeff PhillipsHP Investments, IncPhone - 415-867-6488Fax - 415-962-0474jeff@hpinvestmentsinc.comCalBRE#: 01879516NMLS#: 242083Visit us on Facebook -...

Can you have co-borrower on a conventional loan?
Yes. If the co-borrower is not going to be living in the property, then there is an option for a non-occupant co-borrower but the lenders that will accept this are fewer. You can call me and I can walk you through the options.Jeff Phillips415-867-6488

does Homepath have looser credit requirements?
You may also want to look at FHA Financing. For those that are unable to get approved via conventional financing, FHA is still a good option. Interest rates are lower then home path. 3.5% is minimum. Drawbacks are: Requires appraisal (any heath and safety issues found would need to be fixed) and the...

Refi out of FHA
Hi Christa,If you are planning on keeping your home as a rental, I would recommend refi into a 30, 20 or 15 year fixed. You can also refinance into a 27 or 28 year loan so that you do not extend the current payoff date of your loan. Fixed rates are still relatively low (low 4's) and you would want your rate to...

Doing a refinance for underwater home - can i qualify for harp with 698 credit?
Yes. If you have not already done so, please check to make sure that your loan qualifies for HARP by checking these look up tools:https://knowyouroptions.com/loanlookupand https://ww3.freddiemac.com/corporate/We would be happy to provide you with a quote. Please call me at 415-867-6488 or...

what is the minimum fico for a 125% loan?
Hi Maggie,If your loan was originated before May 31, 2009 you may be eligible for HARP (Home Affordable Refinance Program). HARP allows for an unlimited Loan to Value. Call me and I can see if you qualify. Jeff PhillipsHP Investments, IncPhone - 415-867-6488Fax - 415-962-0474jeff@hpinvestmentsinc...

can i do 100% financing through fha?
Not 100% put 99.5% with the NHF Access program. It is a 95.5% FHA first and a fixed rate second for the balance. You would only need to come in with 1/2 a percent down. Program is for low to moderate income. You can call me at 415-867-6488 for more info.Jeff PhillipsHPI Financial

Do lenders pull out the credit score for prequalification? If so how could i shop for mortgage without affecting my credit score
Hello,A mortgage inquiry has little effect on a credit score. The tri-merge credit report is important for two reasons: 1. to get an accurate score, lenders use the middle of the three bureaus. It is important to get an accurate amount of current liabilities and see if there are any collections,...

which loan does not have PMI
Here are some loans that do not require PMI:1. VA2. Homepath3. Jumbo or conventional loans with 20% down payment4. I have one lender that will do a jumbo loan with 15% down with No MI5. 5% down or greater with LPMI (lender paid MI)Let me know if you have any questions. Jeff Phillips415-867-6488

borrower paid vs. lender paid. How does this change things?
IF you are getting quotes from two different lenders and they are offering the same rate, ask for a copy of the Truth-in-lending so you can compare the APR rates. If rates/terms/loan amounts are same I would choose lender with lowest APR. Lender paid means the lender is paying the broker directly....

In general are the VA loans higher than conventional?
Here is what you are going to want to weigh: VA has no Mortgage Insurance, but does have funding fee most likely 2.15% (financed into loan). The MI percentage is probably around 1% per year on a conventional loan (5% down), but you might be able to remove the MI in 2 years with good appreciation. If you have a...

Remodel home financing
Yes, there are still options to finance in costs to repairing and remodeling a home into the loan. FHA 203K, Freddie Mac's HomeStyle, Fannie Mae's Homepath all offer the ability to finance the cost of repairing and remodeling a home into the loan. Please call me for more infoJeff PhillipsHPI...

refinancing
If the goal is to keep your home, current interest rates very low. I would look to doing a short term (10 yr fixed or 15 yr fixed) more than likely you can do this and have your payment be close to or lower than your current payment. I would also want to see how far along you are on your current mortgage. If you have...

If I were to steamline my existing FHA , would the time that I am required to pay PMI reset, back to the Minimum of 5yrs even though I have been paying 130 mo for 4 years on this loan .
Yes, it would reset the clock, plus, MI is now for the life of the loan. So, I would either refinance into a conventional loan if the value has gone up enough or wait until it has increased to refi into a conventional loan at that time. In order to remove the MI from an FHA loan, there are two conditions that...

Are there any purchase loans that help me refurbish a damaged property?
Hello,The FHA 203K loan is a great option. Allows you to finance in the cost of repairs and even many improvements into the loan at 96.5% of the loan amount so you are only coming in with 3.5%. There are some good interest rate choices which will cover all your closing costs. For more info you can email me at...