New Property
You need to complete a Quit Claim form. It can be obtained at the county Recorder's office. It needs to be notarized.Thanks

Buying My Best Friends Home?
You can purchase it as an investment property with a minimum of 20% down. He can indeed sell his house directly to you. Since you already have an agreement, you can hire a real estate agent to complete the purchase agreement for a minimum cost. When he gets it back together and wishes to buy the home back, you...

Applying for an FHA home loan
Actually, you only need to show cancelled checks from them for the last 12 months showing that they have been making the mortgage payment on their own. You do not have to qualify with their payment being factored in.Scott LawsonPacific Union Financial LLC707-763-7900

Are there still brokers out there? My realtor is recommending a broker.
Hi Joan,Brokers have more options for the borrower, wholesale rates, and much faster turnaround times. Your local bank employee does not have to go through the rigorous licensing process that brokers have to either--we have our backgrounds checked extensively now. And with the new compensation...

I just got pre approvedfor a FHA home loan. Are there some lenders that will do no closing cost loans?
It will have nothing to do with your credit score as long as you are above a 580 FICO. With FHA you typically negotiate a combination of seller credit for closing costs and a lender credit. You should be able to structure the deal where you just bring in your required 3.5% down payment. I'm in Santa Rosa....

HARP 2.0 - If I refi will I have to carry PMI & what is avg cost of PMI?
If you don't currently have PMI, you will not need it on the new loan using the HARP 2.0. You will need to qualify using the Open Access product since it's Freddie owned. Not all lenders will offer this--but I do. Please give me a call and we can discuss the details. Scott Lawson--America's...

Refi out of FHA
It's a very simple process. Your SF home likely has appreciated substantially since your purchase and you no doubt qualify for conventional financing now. A 30 year fixed loan now, with interest rates so low, would be a bettrer choice than an ARM in my opinion. Please give me a call and we can discuss.