I need help with my mortgage, I need to lower my monthly payments
You should be able to refinance using an FHA loan. Give me a call if you want me to run an analysis for you.

Being self employed affect mortgage application?
Self employment does not effect the interest rate you will receive. It does have an impact on the documents that are required and the income you use for qualification. Most lenders require that you be self employed for 2 years. I have one lender that will do a loan with on year of self employment. You will...

Need to consolidate mortgage and home equity loan into refinance
Our current no point rate on a 30 year mortgage is 3.875%. There are many factors that will determine what is the best rate for you. I am located in Topeka and when we look at refinancing we do a detailed analysis that gives you a breakeven point and will tell you exactly how much you actually save by year. Fell...

First time home buyer in Topeka
If you are a veteran you can qualify for a no money down loan. Also if it is outside of Topeka you can qualify for a Rural housing loan with no money down. Otherwise the lowest down payment program is the FHA which requires 3.5% down. It is best to work with a broker like myself before making an offer. We can...

How long does it take to get a new mortgage?
Sorry I was at the cotton bowl last week and missed your question. Typically it will take about 30 days. Use to be quicker but with the amount of refinances from the low rates has caused a back log and thus longer turn times. If is a purchase many times we can go quick as purchases will be prioritized above...

where can I find a list of HARP certified lenders?
There are a lot of lenders who do HARP some are more restrictive than the new guidelines and a few follow the guidelines directly from Fannie Mae. It is a good loan for those who have lost value in their home. I am in Topeka you can call or go to my website. 785-273-5004 or kdwallstreet.com

Loan officers mistake I'm paying for
Probably more of a lender and title company problem. I have seen these issue to be incorrect, i.e. the taxes were actually paid but the lender also paid so you tax account is to high etc. Also you can usually work out with the lender to increase your payment to make up the shortage. I would be glad to look at your...

How difficult is it to get approved to buy a home after having to file bankruptcy?
As long as you have re-established credit and have not had bad credit since the bankruptcy you should be able to qualify. Buying a home from a relative has issues some lenders will not do them at all. We have several we can use. If you are buying below market value the difference between the fair market value...

LPMI
Not sure what your reasoning is for asking. If it is programs you have available to refinance you would qualify for a couple conventional programs. The first would by a regular conventional program which may or may not include mortgage insurance depending on how much equity you have in your home. 80%...

First Time Homebuyer Questions Topeka Ks
Hi we are located in Topeka, Ks. While you can qualify if you credit score is 620 you will have pricing hits doing so. Depending on your other debts you probably would be better off having your husband alone on the mortgage. You would still be on the deed. Depending on the location you could do Rural Housing...

va refinance
You can refinance your current mortgage to a va loan if you do not currently have a va loan. However, the full funding fee will apply. If you have and existing VA Loan then there is a lower funding fee charged by va and you can do a va streamline refinance. If you currently have a FHA loan that was done after June...

co-signing a mortgage
The lender will run a credit report that pulls from three credit bureaus. They will then use the lowest middle score between you and your wife. If one of you has credit issues sometimes it makes since to only use one spouse on the financing but that spouses income will have to be adequate to finance the home...

Loan options with no mortgage insurance
Depends on your circumstance. If you are currently paying Mtg insurance now. If you are not and are just worried about the appraisal not comming out were you need it there is a program called refi plus that we can refinance the first mortgage without you having to get mortgage insurance. If you are...

How soon can you refinance after buying a home?
Typically 6 months. Rates have dropped in the last month so it may make since. Make sure that you understand the costs involved and the break even i.e. the number of months of savings it takes to pay for the cost of refinancing. For a larger loan you can get a no cost refinance but not sure what value of home you...

What is the minimum credit score needed to get a home loan in kansas?
Like Barb said 620 is the best rule to find. Some go to 580 but they are long processes and usually end up asking for a larger down payment and have a higher rate. If you are already above 580 is sometimes easier to work on fixing your credit score to get it above 620.

Want to leave my job but also buy a place - thoughts?
Alan is right on the mark. You may have to do a letter of explanation if your income is less in your new job but as long as the debt to income ratios and credit are good you should not have a problem. If you have questions I am here in Topeka. You can reach me at 273-5004 or 806-4127.

would it be wise to refi out of an ARM at this point?
Depends on how long you plan on staying in the home. If you are planning on staying 5 years or longer yes it makes sense and looking at the numbers. If you plan on moving in a couple years it would not make since. 30 year fixed rates for us are starting at 4.25% and lower. I am right her in Topeka. You can give me a call...

Will student loans help me get a mortgage or not - had two conflicting answers please help!
I would pick realtor number 2. I should not be a problem. Your best option is to get a pre-qualification letter so the realtors know you will qualify for the home you are looking for. I am located here in Topeka. Feel free to call and set up an appointment or go over in more detail on the phone. I can then get you a...

Is there a title seasoning requirement for VA cash out refinance?
Agreed with the previous. But curious did you not do a va loan already or do you have equity. VA will do a 100% cash out loan. I am local here in Topeka if you want to discuss with me. 785-273-5004 or kdwall@kdwallstreet.com

Once I get pre approved for a home loan by one company, am I obligated to get my loan through that same company?
No you are not obligated. You can get quotes from other companies and compare rates and service.