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Lee Eisenberg's Answers


Refinance and HELOC?
Getting a Home Equity Line of Credit will depend on your current equity in your home, credit scores and income. Refinancing to a better rate and lower payment won't impact your chances of getting a Home Equity Line of Credit (HELOC).
FHA and Divorce
There are no specific ramifications of getting a divorce while you have a FHA mortgage. Just remember that you both have signed the mortgage and note and are both responsible for the mortgage until the lender releases one of you from liability. A divorce will not release you even if it's court...
Wanting to buy very badly
I would be happy to assist, what state are you looking to buy in?
Can I get a HELOC with only 40% equity in my home?
Thank you for your question.From the information you've shared, I would say yes.What are your plans for the additional monies? Perhaps you should look at your current mortgage terms, first.What rate do you currently have, how much time is left? Feel free to call me directly, I'll be happy to...
I am 68 but upside down in my mortgage. Can I still qualify for reverse mortgage so I can get back on track?
Hi Granny, a reverse mortgage would require equity in your home, approximately 45% or so, it's based on the youngest person on the deed.
Cash out refinance for home improvement
HI we are located and licensed in Florida. Do you have a current 1st mortgage, if so at what rate and balance? When you say Rustic, can you give me a little more details on condition? Feel free to reach out to me directly. Lee M. Eisenberg President Leading Edge Mortgage Corp. 2200 NW Corporate Blvd., Ste 309...

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