Are stated income jumbo loans available?
Hello Jerry,Stated Income loan programs are available if you can meet the following criteria:- Self Employed for at least 2YR's.- 720 minimum score.- 40% Equity in your home.- $1,500,000 MAX loan amount.- Assets of at least 10 times the monthly income being Stated. It seems like you will meet the...

Are 10 year loans available?
Yes we do have 10 year loans available, ours even offer Interest Only payment options. Please visit my website and see what your rate would be: www.ThinkJohnAJr.com

Cash Out Refi For Investment Properties in Calfironia
Yes there are options available. There are many factors which will come into play. Please feel free to visit my website at www.ThinkJohnAJr.com or email at JAS@ThinkJohnAJr.com. Sincerely John A Soricelli Jr

my mortgage is 250k and the value of the property less than 100k now....I would like to refinance the property. Is this posible?
Ernesto, A refinance would require you to have equity in your home. With the numbers as you have provided them, unfortunately this does not seem to be the case. I would recommend that you reach out to your current lender and see if they would be willing to modify your existing mortgage, possibly even...

Can I Refinance my home before the ARM adjusts?
John, Thank you for your question. Refinancing your home prior to such a dramatic interest rate change would be preferable, provided their is no pre-payment penalty on your loan. In more cases than not, you will not have a pre-payment penalty. Regarding the credit score and equity requirements, this...

Is it standard practice to have to pay a $1995 Guaranteed Lender Fee? Aimloan is trying to charge me this. too much?
No it is not a standard practice. For comparison purposes we do not charge any upfront fees, not even an appraisal. Any and all costs will only be paid at time of closing, provided we have delivered the loan we promised. Please feel free to call me at 949-478-FUND(3863) so we can review the loan options we...

Can My Wife Refinance?
If your wife has the credit and income to qualify by herself, and you are willing to place her on title, then we can help you refinance. We have rates as low as 3.400% with Interest Only payment options available. Please call me at 949-478-FUND(3863) so we can review your loan profile and determine if we can...

will i actually end up saving money?
Jayson please feel free to visit my website: www.ThinkJohnAJr.com. There are a few different calculators available on my site which would allow you to see the benefits of refinance. In order to determine the exact interest rate and loan you would qualify for we would have to review your scenario. However...

What happens to the heirs with a reverse mortgage
Great question. Most reverse mortgages allow for the borrower (your father) to establish a cap in the amount of equity that can be paid to him in monthly payments. This would allow for some level of equity and/or inheritance protection. Most importantly, upon your fathers passing the reverse mortgage...

refiancing
When you say that you helped your daughter sign for a house and that you want your name off of it now, I assume that you are the borrower or co-borrower on the current mortgage. If this is the case the only way you can be released from this liability is to either have your daughter refinance and qualify on her...

Can we get a mortgage with 600 credit score?
We have a few different portfolio investors which do not have any credit score requirements, and their interest rates are right inline with FHA & FMNA. Depending on what state you are purchasing your home, and how much the purchase price will be, you would be required to put 10% down.

Must we all qualify for the refinance?
It sounds like the best solution for you will be to have the other person qualify solely for the new mortgage. The interest rates, cost, terms, etc will be based solely off their merits and your credit will not be a factor. You will still be able to retain your rights to the property by staying on the title. ...

Divorce and A Time Share
The final ownership of this time share is something that you would have to settle in your divorce. You could also choose to liquidate your interest in the time share and then divide the proceeds as part of the divorce settlement. However this would be something you should review in detail with your...

Waht is Table Funding
Table funding can best be described as the loan funds being available in the escrow/attorney account at the time of signing your final loan documents. This is the case in "wet" states, like NY for example. In states like CA, you will sign your loan documents, the package will be returned to...

I need a loan 200,000 good credit
Rates can move at any point, and can move multiple times throughout the day. However you do have the opportunity to lock your interest rate for various periods of time, and each lender varies. Timeframes range from 10 days to 120 days, or longer.

I see mortgage rates are going up, is a refinance still a good idea?
Rates move regularly and are in the uptick. If you can improve your interest rate and reduce your payment, you should begin the loan process with a lender. You do not have to lock your interest rate, but you should have your application/ documentation in process. You should establish a target interest...

LENDER M.I.A.?
Hello Mikey. I wouldn't necessary start over, but I would have a detailed conversation with another lender about your scenario, as well as the goals you have laid out for your refinance. If a lender, loan officer, or any other service provider from any other industry goes dark for 2 weeks - there is...

Surplus Home Loan? Please Explain
I concur.

MORTGAGE QUESTION
Amid - Rick answered your question well. If you would like to run some numbers for yourself you can use the refinance calculator on my website. www.ThinkJohnAJr.com

What is more important? Credit Score or Down Payment.
This is a very good question. Frankly the two are directly related to each other and work on a sort of sliding scale as each changes. While every situation and borrower profile is unique, I will speak using some general rules. The better your credit profile (credit score, pay history, trade lines, etc.)...