How Do I Get My Credit Score Cleaned Up?
It is important to make sure that you understand what will affect your score and what will not while fixing your credit scores. Getting accounts removed from your report is easiest when you have clear proof to give to the account holder on the credit report. This will take a little work. You will need to...

Can I Get 2 fha home loans?
If you have to move for work you can have two FHA home loans. The current home would need to be out of state and the reason for moving would have to be unavoidable. Please let me know if you have anymore questions. juranga@cnnmortgage.com 480-751-3723

can you get a refund on a home appraisal if the lender misrepresented a loan?
You are correct it is not fair. It is the loan officer's job to find out if you qualify for this program BEFORE pushing you further into the loan process. Unfortunately there may not be a whole lot that you can do. The appraisal will most likely be non-transferable as well. I would suggest that you...

Is the norm .25 of a point beween lowest interest rate and a "no point" loan?jah
It depends on what you mean by points. Are you asking about discount points? If so then most likely this is the case. If your lender is offering a high rate to cover costs of the lender fees or other charges then it could be a larger difference. When estimating the cost of a loan on the front end you could end up...

Refinance Before OR After Marriage
You can refinance either before or after. It is your choice between you and your soon to be new bride whether she is on the loan or not. If you need her income and or credit to help refinance then you can use it. Unless you are looking at refinance programs like the Refi Plus program from Fannie Mae or HARP from...

Can I Refinance my home before the ARM adjusts?
Yes you can. Your credit score will need to be 620 or higher to refinance. The equity you need depends on the loan program. To avoid paying mortgage insurance you will need to have 20% or more of equity in your home. You will be able to wrap the costs into your new mortgage as long as there is the equity there to do...

Getting Our Home Back
What standards were you given for the FHA loan?

VA Refinance Question
No, there are no extra requirements other than the ones you needed to qualify for your VA loan to begin with. Your home will need to appraise for the appropriate value. Were you interested in refinancing with a specific lender? You are not required to use the same one if you don't want to. You will need...

Can we get a mortgage with 600 credit score?
Depending on what area you are looking into purchasing in you have the option of buying a home with the USDA loan program as well. This requires no down payment.CNN Mortgage provides loans through American Financial Resources and they still use the lower scores. The minimum is 620. Depending on why your...

Ex Girlfriends!
If you purchased the condo together and both of you are on the the mortgage you will have to refinance and you will need to qualify for the loan yourself or you will have to sell it.

Need a mortgage, 260,000, 680 FICO, Arizona
I can help you with your refinance. The rate this afternoon is currently 4.75% for a conventional loan. This rate covers your appraisal, credit and lender fees. Please call with additional questions 480-751-3723 or 623-202-4449.

buying a home in another state?
The process is the same for purchasing a home from out of state as it is for anything other time. The lender that you use to finance the home in the other state will need to document that your employment will continue once you move but other than that it is the same. How much of a mortgage you qualify will...

refinance or pay down ?
The easy answer would be yes you would be in a position to refinance. The more complicated would be to ask you a few more questions. How long will you be staying in the home? What is the financial goal that you are trying to achieve by refinancing? Lowering you payment or leveraging the extra money each...

first home, 23 years old
You would need 2 years of employment within the same field. Preferably the same company. If you don't have that then you can still put 20% down on an FHA loan. You will pay the up front mortgage insurance of 1% of the loan amount but will not pay the monthly insurance. Depending on how much you are...

My current lender is Bank of America and I am in a conventional loan with Freddy Mac. I believe my current home value is 280,000 to 300,000 with an outstanding balance of 355,000,
Hello William,You would need to use one of the refinance relief programs that Bank of America has. We as a mortgage bank have them as an investor and they only allow use to sell the Fannie Mae loans. So first you would need to get a handle on the value of your home. You will only be able to refinance up to 105% of...

FHA loans for people with low credit scores
Tasha,If your cousin is planning on purchasing the home then he would need to apply for the mortgage and qualify with his income. You would not have ownership in the home. There are programs out there for credit that is in between 620 - 640. If your credit is in this range then could consider buying to home...

My credit score used to be 819 before buying a house and now its 766, is it normal?
How long ago did you buy the home? If it's been awhile then it could be a number of things. One in particular can cause a drop in scores is the closing of accounts. By closing accounts you take away credit history in regards to how many years you have had credit. This can lower the score with each account...

Any lenders for discharged 7 or 13 . All other number excellent.
Hi,The 2 years is a must for you and your partner could purchase in 03/11 IF they are current and they will have to get permission from the court to enter into a mortgage. We provide financing on manufactured homes. My number is 480-305-8716 if you are looking in AZ.

which loan?
If you know for sure that you will be paying off the mortgage within the next 2-4 years I would put it on an ARM. A 5 year ARM would be best for your purchase.

Can I refinance my converntional loan and my heloc to have one loan at a lower rate?
When you pay off a HELOC or second mortgage on a home by combining the loans together you are actually doing what is considered a cash out refinance. Your value for you home would need to be 307k in order to cover the amount needed to pay off the HELOC. It looks as though your appraisal is at 280k which means...