What happens if I make large payments to principle?
Paying a large payment will be a great way to reduce your principle and save on the overall interest you will pay over the term of your loan!!:) Less Principle = Less Interest...win-win!:)Your payments will stay the same amount as they are, and the good thing about this is more will be applied to the...

How to cosign a mortgage?
FHA allows for this. They will take into account the co-signer's income, debts and credit history. Remember anyone who co-signs on your home will own half the equity too....

Is there any way to dispute a bad appraisal?
It depends on what you are wanting to do....if it is value....the only thing you can do is to provide recent comps like your home same bed/bath count, sq footage, same style same age..... that sold higher than the comps the appraiser used and ask the Appraisal Mgmt Co to send them to the appraiser to see if he/she will...

Can I use my rental income property to qualify to refinance my primary resident I just rent out last 10 months ?
You need a history of being a Landlord. They like to see 2 years on your tax returns claiming the rental. Then they will go off of your Schedule E to see what income they can use to qualify you...

Can having a high income make up for a low credit score when applying for a mortgage?
You can go down to 550 FICO with FHA. If your score is lower than that you will probably need to get a few things cleaned up on it to get your score higher.

Can one of you nice professionals explain the requirements for a streamline fha refinance?
Yes, that's the beauty of doing a Streamline Refinance they are fast!!!:) We won't need income or appraisal. Just a few minutes on the phone and I can take the app, get it over for signatures and get you uploaded and ready for Processing and close you this month. Call me: 801-897-3324 Debi ...