Does anyone know of any Michigan based lenders will to refinance BOA loan with LPMI under Harp 2.0. My LPMI vendor is Triad.
Hello, Try United Wholesale Mortgage. They are based in Michigan and may be able to help you.1-800-981-8898 or go to www.uwm.comKevin PrinceSVPLiberty One Appraisal Management858-926-8904

I will like to buy my first home using fha. The first home will be a 4-plex. Is this possible?
This question is multi-faceted and will require a bit more time than just here for discussion. But just to clarify, if you are buying a place owner occupied with FHA financing, you must stay owner occupied for the duration of the mortgage. This is part of the contract that you will sign through escrow. The...

Two Homes in Two Different States - Need loan for both
You may re-consider doing a loan crossing both properties in as collateral. Usually only private money lenders will do this type of loan and that comes generally with a much higher interest rates. If was you I would consider doing two loans. What this will do is help the interest on both loans on a...

I have a 660 credit score, been at my job for 11 years and make about 70,000 a year , how much can I get approved for
Hello, This is not enough information to specifically say how much you qualify for. However you can get a good loan through the FHA program with your credit score, income and job stability. The FHA program will go yo a 45 % debt ratio on your new payment including principle, Interest taxes, insurance and...

Is it possible to use a reverse mortgage to buy a new home?
You can buy a house with a reverse mortgage. There are a couple of things you must do,,,, You must be 62 years old, you must put down at least 30% of the purchase price and you must live in the property as your primary residence. For more info or so that I may refer you to an expert in the field, you can contact me...

I applied for a HAMP loan, was approved, then the company said that because my loan has the end balloon pmt. due during the trial
There are some additional resources that you can go to for this HAMP process. The difficult thing about HAMP is that it is a federal program underwritten by your lender. So a majority of the time your lender has to underwrite with guidelines that they are not familiar with. They must check with the program...

What loans offer the lowest down payments?
VA has 100% loans, FHA has 97.5%, USDA has 100% or even conventional financing with Mortgage Insurance has 97% financing..... It all depends on your area and what program will meet your needs. Since you are in MN I can recommend an excellent loan broker that can acquire you the best loan for your needs. You must...

Will the lack of resolution for the fiscal cliff talks make interest rates go up or down?
The market has to breath and there will always be cycles. It is thought that at the moment the rates will be continuing on a lower trend. However, it take the economy to get better for the pressure of the rates to remain low. Once we have a full ecomonmic recovery, rates will be going up. (just an opinion).Kevin...

Can I forego the conventional waiting period after a foreclosure if I have a sufficient down payment?
Conventional waiting periods are firm. FHA and VA do have more flexibility. If you really want to get into the house, you can consider a private money loan up to 65% LTV and refinance into a conventional loan once the waiting period is over. If you would like more information on how to get this done, I would...

iS THERE ANY LEGISLATION IN THE WORKS THAT WOULD REQUIRE 2ND LIEN HOLDERS REMAIN SUBORDINATE?
There is no legislation pending that would require a 2nd lien hold to remain subordinate. Whatever you may be trying to do check with your current lender on their flexibility of modification. Also Happy New Year! Kevin PrinceSVPLiberty One AMCkprince@liberty1amc.com 858-926-8904

Could I qualify for a home loan with a low credit score and a high down payment?
Hi, You can get a private money loan at 60% loan to value but it will be expensive. Your best results will be to get your credit score over 580 and go with an FHA lender that will work with your score of 580. As suggested, you can work on your credit score with a reputable credit restoration company. I have some...

Can I qualify for a new mortgage? In a chapter 13 bankruptcy that ends May 2013 and currently going through a divorce.
You can do a private money loan but you would have to have 40% down and the rate will be around 10%. Your best course of action would be wait until the 2 year waiting period is up and work on getting your credit score up over 720. At that time you can apply and get much better terms. If you need more information or...

Home Equity loan with ba credit?
There is still hope for you... Even though you have bad credit you can get a second from a private money lender. It will be higher than HELOC rates but it is possible. If you want more information on private money financing place contact me Kevin Prince SVP Liberty One AMC 858-926-8904 or email me at...

Refinancing a land loan
You may want to try Associates Bank. They do lot loans and you can reach them at 866-536-3222. I dont know if they will do it in your area but it may be bworth a phone call. Happy New Year. Kevin PrinceSVP Liberty One Appraisal Leadership858-926-8903

do you finance manufactured homes
Hi Janie, The way you can differentiate if you have a moblie home or a manufactured home is simple. If it arrived on your site with wheels attached then it is a moblie home. If it arrived on a flat bed without wheels then it is a manufactured or modular home. In North Carolina I have a great resource for you on...

Can I get another VA loan if I foreclosed on the last one?
Yes you can but you will have to jump through some hoops. You can check out VAHomeLoanCenters.org for more information on the qualifications on your VA eligility as a resource! Happy New Year....Kevin Prince, SVP, Liberty One Appraisal Leadership, kprince@liberty1amc.com, 858-926-8904

I have got clear deed to some land want to borrow money against it but I have bad
You may be able to get a private money loan from a local source but be very careful when choosing a private money lender and get plenty of references. Good luck in your search!Kevin PrinceSVPLiberty Onekprince@liberty1amc.com858-926-8904

How long do I have to wait to apply for a refinance on my property?
These answers are all good for you to be able to move forward with your real estate loan request. As long as you have been in the same line of work with your part time employment, you should be able to use your first months pay stubs as proof of employment. Good luck on your new purchase!Kevin Prince, SVP,...