can i secure a mortgage with a 654 fico
You have seen many responses that certainly want you to call them to tell you they can do such. Yes, with the many complex issues out there today in the lending field, there are programs that should meet your needs. But before you give out any information and have someone run your credit, talk to someone...

Are Second home mortgages available for less than 20% down
Your best bet for Second Mortgages and Home Equity Lines of Credit are your local Credit Unions. Shop them around in your area as they will tend to lend up to 95% in some case with no upfront costs, annual fees, and soem even offer fixed rates.

Is there anything I can do after a short sale to shorten the waiting period for getting a new mortgage?
Unfortunately, if you are looking to get a loan with favorable terms, the guidelines set forth by Freddie Mac, Fannie Mae, and Gennie Mae are set with various degrees of waiting periods for each, with few exceptions. What I have been telling customers the best way to get anything today is to either talk...

Can I get a home mortgage straight out of college?
Go Wolfpack! Congratulations on your hard work and landing a new job. There are many programs out there that should be able to assist you, depending on if these are available in the state of South Carolina. Across the country in specified areas, there are programs that assist "First Time Home...

If I refinance an FHA mortgage before the new PMI rules take effect, will I have to pay premiums for the life of the loan?
FHA rules are based on the date the FHA case number is ordered for your file. The new rules will have the upfront premium going up with all case numbers ordered on or after this date. The PMI rules for the life of the loan will not go into affect until those case numbers are ordered on or after June 3, 2013. Once a...

How can I find out how much HOA fees will be for a neighborhood?
The best way is to find out who the Board of Directors are for the Homeowner's Association. If you are buying a new home in the area, the realtor should have some insight on who this might be to assist you on such. If you cannot find out from those sources, you certainly can contact your lawyer who is...

My father died and left me his home in his will but he has a va loan, I've been paying the mortgage on time. Can I assume the loan
You can assume the loan from the current lender. Talked to a qualified Loan Officer in your state to assist you.

What's the best day of the week to lock in a rate? Does it make a difference?
No matter what anyone tells you, I have been in this market to long to tell you that it may be Monday, Tuesday, or whatever day the bank is open and is accepting locks on your particular transacation. Someone mentioned Friday, but today the rates fell from yesterday and some of my clients jumped on the...

can a conventional loan be refied as aharp va loan
Good morning. A HARP Loan is beneficial for those who have a balance owed on their home that would prevent them from going through normal underwriting that would add Private Mortgage Insurance onto a loan if you currently do not have such, or the value of your loan exceeds the value of your home. There are...

To refi or not to refi this is the question. May be moving for a job and forced to rent my townhouse.
It really depends on the comfort level you have with various options that you have proposed. If you are planning on keeping your current home for investment into the future, then I would definetly consider refinancing. It really depends on the current value of your home, but you can easily look at doing...

Is HARP only for primary residences?
HARP can be utilized for any property that meets it guidelines, be it a primary residence or an investment property. The best way to determine if you are eligible is to locate a lender in your state who is willing to go over all the options with you to see if you qualify.

Is there a program to lower my current VA home loan to fair market value due to market crash?
You certainly can look into the possibility of lowering your interest rate, but unfortunately, there is no program out there that will lower your loan amount due to the market crash.

I called HUD
The information you stated alarms me that the company who was trying to assist you did what they did. I just took care of a friend of mine there in Jackson and would like to assist you as well. Please give me a call at 314-744-7806 to discuss your options. Thanks - Bart Castelli

old bankruptcy, charge offs, collections, unpaid old debts on credit reports advice for a loan.
Tracy - You can receive many answers here that will helpful in your decision, but your best bet is to contact a lender who is willing o take a look at your credit and be more definitive in the direction that you have started. What you briefly stated is impressive, and some of the answers are correct in what...

are there any lenders that will manually underwrite a Usda loan?
The answer to your question is yes, but the file will have to have compensating factors that offset the issues that you have briefly mentioned. Our office handles loans in Illinois and will be glad to assist you if you have any questions. Please call me at 314-744-7806, or visit my website www...

Are title insurance fees negotiable or am I just stuck with them?
Some of the fees associated from a title company are negotiable. The ones that are not are set forth by the Department of Insurance as this was a very big problem in the industry several years ago until everyone had to follow the same guidelines. Some of the fees that are negotiable are the...

HARP Refi...problem with AUS and need some help
Bob - unfortunately I do believe the broker you are dealing with may be fantastic, but got a bit ahead of him/herself in regards that you can not roll into a new first HARP loan the second mortgage. If we could, life would be good for a lot of us in the industry, but there are limitations and this is one of them.

Can my wife do a streamline refinance on an FHA loan and add me on the loan when she has no income?
You would qualify for a "FHA Credit Qualifying Streamline Refinance" If all the variables are in place, you should not have any problems.

My wife and I want to purchse a home but we have bad credit we have enough income but bad credit to be approved
There are many issues involved that can be repaired if the problems are not to great to handle. Give me a call as I am licensed in Missouri or visit my website www.CallTheMoneyMan.com

Rates are going up...should I buy now?
I would still be patient on what you want to buy than to hurry up and purchase something that you might regret later down the road. Yes, rates have increased from historical lows, but are still attractive now than they were as little as two years ago. Work with a lender you can trust - and be leary of anyone on...