Refinance on my house
We may have a solution that will work for you depending on the type of loan you have now, your credit rating, and other compensating factors. Feel free to give me a call directly and I will do what I can to help you find a good solution. Jamie 248-895-4541

Hotel in Lansing needs financing
I may have somone that can help you with that. I have made some inquiries in my network and will follow up with you on your email once I have a response.

Does down payment affect interest rate?
You will definitely get the best rate with the lowest cost associated with it, however with current rate environment and your stellar borrowing profile, you should still be able to get a 30 yr loan at 4.5% (4.624% APR) or lower. There are some very specific rules regarding condos that you will want to...

Is it possible for me to get a mortgage?
Sounds to me like you will qualify for a mortgage! The important thing is to be certain that you are going to get the best possible loan for your situation. There are a list of things that you will want to be aware of before you make the offer to be certain you are qualified, knowledgable, and that you are are...

When can I take advantage of the new government refinance program?
You can actually apply begining December 1st, 2011. There are several dates announced through June of 2012 that will roll out expanded LTV limits. You should talk to a mortgage professional to discuss your specific situation and options that may be available to you.

FHA mortgage on rental property
Great question! Thank you for posting your question. You will get a different answer on this depending on what lender you speak with. No matter what FHA allows, some lenders actually have their own approach and choose not to do this loan becuase of risk. You can actually do a streamline refinance on this...

Should I lock in my rate for a mortgage before the end of the year?
Great question. You should absolutely lock in. rates are at all time lows right now and you just never know what the future may hold. A bird in the hand! If you locked in with me today, based on the info you provided with exceptional credit, suffucient income, you wiould be at 3.875% on a 30 year fixed.

I have a middle FICO of 692, can I apply for a new home loan?
The FHA loan may is a good option for sure, however there are a couple of other options I would want to explore with you to make sure you are getting the best program for your family. The important thing is to make sure you consider the options availabel and make sure you are making the best decision for you...

Where do I find commercial real estate refinance loan for building with office over retail?
I can get you lined up with a seasoned pro who can help with commerical financing. Send me an email or give me a call if you would like their information.Jamie NummerOperations/Sales Manager/ Mortgage Loan OriginationNMLS# 87652jamie@somersetlendingcorp.comSomerset Lending Corp.414 East St.3rd...

FHA or Homepath?
Both are great programs, however the FHA programs is usually a better fit for most home buyers. Call me if you have questions or want information I am local in Rochester and you can easliy come in to my office to meet with me. My office is located on the corner of Main and University in downtown Rochester...

FHA loan
FHA does not have a minimum loan amount as they do not issue the loan, they insure it. Most lenders have a minimum loan amount of 50K or higher. Your local bank, or credit union who you have your checking and savings with may be able to assist you.

reverse mortgage
Age does not influence rates or costs. The amount of equity in the home determines eligibility. Because reverse mortgages are a government product offered through FHA, they are highly regulated. The older you are does not mean you receive more or less.

mortgage bank bankruptcy
Your mortgage will stay the same. Same terms, same payment. The only change will be who you make your payment to each month.

warranty deed
A general warranty deed is a type of deed where the grantor (seller) guarantees that he or she holds clear title to a piece of real estate and has a right to sell it to the grantee (buyer). The guarantee is not limited to the time the grantor owned the property--it extends back to the property's...

appraisal refund
Appraisals are in most cases non-refundable. A situation which should have been explained by your loan officer.

bad credit preapproval
Most likely, No. I have seen some lenders finance with as low as a 580 score, but even that is becoming less common. Best advice would be to contact a lender who offers a credit repair service. Most times they will credit the cost of the credit repair towards your closing costs.

usda or fha loans
You will have better luck with a personal loan. Most mortgage companies will not finance manufactured homes.

Purchasing a vacation home in Florida.
Contact your local broker. By applying with a broker, they are local and work with numerous lenders, seeking out the best loan programs for your particular scenario.

How do I qualify for an FHA mortgage. Do you offer thosa. Do I qualify? Thanks.
I will be glad to help you with knowing if you qualify. We offer several FHA loans and we will help you select the best one based on what fits your situation best. Please give me a call or send me an email drectly and I will help you know if you qualify today.Jamie Nummerjamie@somersetlendingcorp...

Can I refinance an FHA mortgage with high LTV?
Yes you can refinance an FHA mortgage with high LTV. There are options availabel to you for sure, we will just wnat to make sure to address your questions, concerns, and understand your goals in order to find the best available product for you.Give me a call directly and I will be glad to help.Jamie...