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Michele Kole's Answers


Is it possible to get a reverse mortgage on a mobile home?
Right now mobile homes are not eligible to be financed by a reverse mortgage. However, a manufactured home, built after 1976 and permanently affixed to the foundation, and you own the lot, can be financed with a reverse mortgage. I do lend in California and am happy to answer any questions you may have. ...
Need to get a mortage loan in Czech Republic to purchase home but all income is US is there any loan available in the Czech
Hello Bob, I would contact your bank and ask who they could refer you to in the Czech Republic. Most large banks in the US have relationships with their foreign counterparts. They should be able to tell you what you will need to do to get a loan over there. Hope this helps you. Good Luck!
Can we refi from conventional to VA?
Yes, you can refinance from a conventional to a VA as long as he meets eligibility requirements. We are located in San Diego and I would be happy to discuss the details. Please don't hesitate to call me at your convenience. I'll be happy to answer your questions and make this as easy as possible for you and...
I NEED TO REFINANCE, MY MONTHLY PAYMENTS ARE TOO IGH ON A LIMITED INCOME, I WOULD ESTIMATE VALUE OF HOME 58,00.
You may have several options depending on the size of your current loan and the value of your home. We can discuss your specific situation and how we can make life easier for you. Please call me (858-344-5998) or email back (michele.kole@lhfs.com); and if I cannot help I can provide alternative solutions. ...
I AM 62 WILL BE 63 IN OCT. WIFE IS 60 WILL BE 61 IN SEPT. ARE WE ELIGIBILITY FORREVERSE MORTGAGE.
Good morning! Unfortunately not as the youngest borrower must be 62 at this time. There is word in our industry that in the future we may be allowing a "blend" of ages to accommodate couples where one is under 62. The industry does not want a non-borrowing spouse to have to pay off the reverse mortgage if...
What amount can a seller pay toward buyers closing costs? 95% conventional. Recurring and non recurring. Owner occupied.
Fanniemae guideline for conventional financing is 3% for LTV/CLTVs greater than 90% If LTV/CLTV is 75.01-90% the max is 6%
own a home mortgage free income social security and I work want to buy house in Florida reverse mortgage or home equiety
You are in an excellent position having a free and clear home. If you are over 62 you could either use a reverse mortgage to obtain cash to buy a second home in Florida; or sell your current home and buy a primary residence with the proceeds plus a reverse mortgage in Florida. To understand which is your best...
should i refi?
Hello Mark, When it comes to refinancing I always ask "what are your longterm goals"? How long are you planning to keep the home? Will the savings justify the refinancing costs? Is your goal to pay off the loan? Each situation is individual, and based on you and your family's goals. This should tell you...

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