My wife has a recent foreclosure.
Yes if you go FHA,VA or USDA... basically any Government programs.But if you go conventional you can keep it under you. But it really is a case by case scenario... For example if you were living in the home that was foreclosed and interest was deducted on your tax returns you would most likely have to explain what...

Divorce and FHA Home Loan
Yes,You must disclose that she is married and they will require a copy of his credit report and will calculate all of his debt into your ratios. You can say that she is "un married" but since that it not correct, it is considered mortgage fraud and if caught the file will get denied. I suggest...

FHA and backruptcy
it sounds like you have restablished your credi, so it should be fine.if you are in california, please emailInfo@weshankins.comOwnerVault Financial

I have a 30 year FHA loan for 185000 at 5.5%.
Hi Jenny, yes we can do a not cost Streamline refinance, drop your rate at lease 1%.Its a pretty simple process.Call me 951-208-6933president of Vault FinancialWes HankinsMurrieta CA

Did the rates improve today, Monday 12-20? Is that true? is that a good sign?
Market closed slightly down today (worse pricing) After a roller coaster ride, at one point we were having a really good rally. Just to loose it all later in the afternoon.I locked all files today

My husband has died and I live in Oregon. We have a V.A. loan. I am only on the deed not the loan. Foreclosure affect my credit?
If you are not on the loan, it will not affect your score. But Technically you will have to answer "yes" that you have had a foreclosure. We are in CA and deal with defaulted loans and properties. Let us know if we can help.

Can a lender keep changing my refinance amount and cash out just days before closing?
Your CD should not have a higher rate than where you are locked. I doubt they are trying to get you to cancel, but it is possible that they didn't lock your rate, and when rates jumped earlier in the week they locked it with worse pricing

Loan application after getting a new job
Hi, if you have a new job lined up, with a contract and a start date. You will be fine. New builder lenders can often be a paint.. We are in CA if you need help. Happy to walk you through it. 951-757-4852

Is there a way to lower title insurance?
you are in CA, if the box on the RPA is checked seller to pay owners title policy, then you will not pay it. It MAY be on your loan estimate, this is common. But when your CD gets balances, the seller will pay it. You are required to pay your lender policy. Lender policy covers your lender, and the owners policy...

My gf and I bought a home, what happens if ever we break up since we are both on the deed?
With you being in CA, I would double check your vesting on title, if you are unmarried, ideally you want to set yourself up in away that if one of you dies, your portion goes to the other. Truly owning 50/50 if she dies, you might have to go to probate to get her 50% so you can sell it, she can also "Sell" her 50%...

FHA room rental
from the mortgage side, you need to live in it for 12 months, unless there is something that changed (job change) for example. Keep in mind, unless you are buying another owner occupied home within that 12 months, this is more of an honor code situation. If I read your question right, you want to live in it...

Will the change from employment to independent contractor affect our mortgage application?
SOMETIMES.. we can work around 2 years self employment. But in those scenarios, you still need 1 year taxes. So you cannot "accept" the position, and still qualify. you will not able able to use that income right away.

I am looking at home equity loans
Hi, you can do a HELOC in first lien position on a 2nd home, not a big deal. I would not start any renovations until the funding is in place- Wes Hankins - Temecula CA