I'm looking to purchase a home, I have worked on a W2 for a year, but now I've started my own business with a contract with the same company I had a W2 with. Will this negatively effect my ability to get a loan?
Hello Pajoran,While your situation may play into any purchase decision, it may not negatively affect the transaction. I would need to get a bit more info and would be happy to discuss this further with you. You may reacch me via phone at 888-PierWest (743-7937) X 701 or via email at...

Jumbo Loan
Hi Jenny, I would love to see if we could place it but will need a little more info, please email me at Matt@PierWestCapital.com and I can get you some info.. Best, Matt Davis

I want to buy a home before my divorce is finalized
Hi James, You would have a few ways of possibly doing this. Feel free to call or email me at Matt@PierWestCapital.com or 888-PierWest (743-7937) X 701 Best, Matt Davis

Refinance With IRS Issues?
Hi Matt,There are a few factors that might make it possible. It only takes a few minutes to clearly explain what could be the best option for you.Feel free to call or email me at Matt@PierWestCapital.com or 888-PierWest (743-7937) X 701Best,Matt Davis

15 year or 30 year fixed when I refi? I have been wondering that and confused? what is pro and con?
Hi Jodie,That is a great question that we hear all the time. There are a variety of factors that make it right for one and not for another. It only takes a few minutes to clearly explain what could be the best option for you.Feel free to call or email me at Matt@PierWestCapital.com or 888-PierWest (743-7937)...

Has Anyone Heard Of The Forgive and Forget Program
Hi Jesse, Are you looking to keep the home.? .Feel free to call or email me at Matt@PierWestCapital.com or 888-PierWest (743-7937) X 701 Best, Matt Davis

Is this considered a second mortgage? What should I do with my first home?
Hi Shanna,Lenders will look at the other property as an investment property and then consider this new purchase to be your primary residence. You will need to qualify for the new home using any postive or negative cash flow. We can go over the whole process with you and get you pre-qualified to see how...

im in the middle of fha condo approval with a lender now, if it gets approved should i still shop rates with other lenders?
Hi Sly,It cannot hurt to check the deal with another lender or two. As stated with several of the companies below, the rates are extremely low, record levels in some cases. It is a great time to be looking to be purchasing a home.Best,Matt

How long does it typically take to get a mortgage
Hi Mac,Depending if the proeprty is owned by a lender or the people living in the home, it can vary from 30 days up to 90 days and beyond if the property will be a lender short sale. If it is listed by the person living in the home, it will follow what the offer and acceptance is written as, usually as a 30 or 45...

Can I Refinance Again For 15 years?
Hi Mark,As stated with the others, you could but what is your motivation? Are you looking for additional money, wanting to keep your interest deduction, reduce your payment even further? There are many reasons for wanting to do this and without knowing your reasoning, the answers you receive may...

56 year old first time home buyer, need advice.
Hi Robert,You have many options and advantages as a homebuyer and first time homebuyer. There are limited down payment options that are guaranteed by FHA as well as Fannie Mae and Freddie Mac. Most of the time, the details are set by your budget and available funds you have to put down. The purchase price...

What are the major Factors that affect my interest rate?
Hi Marty,Because you aree asking what YOU can do, there are a few things that would need to be answered. Your credit score, income and employment history as well as your debt ratio will all factor in. The quickest way to find out is to call a few of companies listed here and with a little time investment on...

Can I be held liable?
Hi Ross,Only attorneys can give legal advice, it would be well worth the money to consult one to protect an investment as large as a home, especially considering the size of her judgment.Best,Matt Davis

mortgage after bankruptcy and foreclosure
If you cannot wait the nine months to try to obtain FHA financing, try the hard money route, just be sure how any pre-payment penalties will affect your new loan if you try to refinance to a lower rate.

Can I pay off a mortgage with a Home Equity Line of Credit in order to remove the lien on the propert?
Hi Jessica,You can, yes, but you need to ask yourself what advantage that may be. There will be pluses and minuses depending on what you are trying to accomplish. When you pay off a lien, you want to make sure that the lender files the reconveyance to remove the first lien and show it as paid. Then, your...

Is anybody from Orange County CA?
Hello Anita,It really depends on what your tastes are and what things are important to you. Please call me so I can point you in the right direction.Best,Matt DavisPier West Capital888-PierWest (743-7937) X 701

Is It Possible To Negotiate?
Hi Mark,It really should not be an instance of having to haggle but more of comparing brokers and what the rates are. A properly structured loan should be in your best interest. Do you currently have a real estate agent and a property in mind?Best,Matt DavisPier West Capital888-PierWest(743-7937) X...

Foreign Income.......Can I qualify ( good credit)
Hi James,As long as it is able to be documented, in most cases, you should have not rouble, just a bit of paperwork.Best,Matt

can i deduct the fees for a loan modification
That would definitely be a question for your accountant, CPA or tax preparer, however, as Brett mentions below, because modification fees are not points paid during a refinance or purchase and it is not interest, I would guess no.

Investment Properties/ Vacation Homes
Hi Bob,Brett has come the closest so far out of all the answers, but I do not think anyone has asked what you like to do on vacation. If you ski, you may want something in the mountains, if you like the beach, maybe a coastal property etc.. Being a broker as well as a Realtor, I can cover anywhere in CA and all...