do I have to have a lender in the same state that I buy a house in?
No, but your lender must be Licensed to do business in the state in which you purchase your new home.

Are interest only loans a good idea for short time ownership
Interest Only Loans are now exluded from QM, Quality Mortgages. Because of this, you will most likely have a higher interest rate. You will need to weigh out the positives and negatives of the higher interest rate vs. a lower payment to see what is best for you.

Do you all think that the rates will continue to drop of should we lock our rates this week for a refi?
Wednesday of last week was the best day for interest rates. They have already started to "inch" up a bit.I recommend locking as soon as possible.

purchasing a house when 1 hasn't sold
There are a few options with this scenario. You can try to qualify with both payments. This is usually the prefered way. Another option is a Bridge Loan that will allow you roll the equity from one home to the other.Ben Holloway800.800.5378

what happens if i can not pay my closing cost in california
The closing costs on a transaction can be paid a few differnent ways.If this is a Refinance, you can finance them into your loan amount if the equity in your home allows for it.If this is a Purchaase, you can request the seller pays for the closing costs. Usually I will structure this with your real estate...

Where can I see a simple principle and interest table with a 25 year amortization and rates from 4%
Good Morning, You can use our mortgage calculator 24/7 at http://www.redlands.mwfinc.com/mortgage-calculators/. If you have any questions, please contact me at ben.holloway@mwfinc.com or visit my web page www.BenHolloway.com

refi jumbo @ 90LTV
Good morning, if you would please supply the value of your home, my office can supply you with a few estimtates to review. Thanks, Ben Holloway, 909.255.8240 or go to www.BenHolloway.com.

If I'm buying a condo that is not going to be my place of living what loan do I use?
You have a few options. You may want to purchase the condo as a 2nd Home or Investment property, or you can refinance you existing home, and pull out enough cash to by the condo for Cash.

Refinance after bankruptcy
Good Morning,FHA will allow you to complete the refinance after 1 year from discharge. If you are still paying the debt, you will need to get permission from bankruptcy court/trustee.I work for Mountain West Financial, Inc. We have been a Calfiornia lender for 25 years, and I have been with them for 17...

How much time do we to apply for a loan after escrow closes?
Hi Jason, depending on your situation, you can apply for a loan the day after. If you would like to discuss your situation, please let me know the best way for us to connect.Ben HollowayNMLS 330826800-800-5378benh@mwfinc.com

The other question I have is iam first time buyer an how do I go about taking over loan from my parents on house
You have a few options. You can look at the assumption of it as stated by Ralph. You will also be able to look at your parents selling the home to you, and looking at the option of Gift Equity to cover your down payment and closing costs.if you would like to go over some numbers, please contact me at...