Underwriting Times
There shouldn't be if it is submitted as a full package. 24-48 hours all day everyday. I just closed a refinance from start to finish in 11 days.

I read on one of the blogs on this site that the rates are at the lowest ever. is that true?
actually they are at a 7 year low right now. We haven't seen these rates in a while. Either way you look at it, it is a great time to buy and even better time to refinance your loan.-Bill Dunger iServe Lending, WA

How much equity is needed for reverse mortgage?
usually your loan to value needs to be around 60% in general, but there are a few factors that will affect your loan to value. Your age is the main factor, the older you are, the better chance of lending a higher loan to value.

Do we absolutly need a refinance?
Your parents would have to sub-divide the property.

How long must I have had my mortgae for before I can refinance?
YES absolutely. What a perfect time for you to refinance with interest rates at all time lows !!!!!

Specific Requirments For A VA Home Loan?
Yes.

I need a Short Refi
Go to the website www.shortsaleshow.com and it will tell you everything you need to know.

Non-warrantable condo financing in CA
We can do non warrantable condos but are looking for the following: 1.Strong borrower. 700+ credit usually2.Strong property. Need to know why non-warrantable3.Income - Low DTI - need to be under 45% back end4.LTV - 80 or lessGuidelines to go off of, but each file is case by case.WA, OR, and CA...

Is it possible to refinance an ARM mortgage for a 30-year fixed after you've owned a property for three years?
simple answer: YES

I am looking to see if I would be able to purchace my own home, I have a well paying job, good career and am working on my credit. I do not have relatives or friends to co sign, I am 44 and ready to do this and stop giving others my hard earned money every month and living in dumps. Can you please help me see if this is something I can finally do!
yes..... 253-681-6383

What does it mean to "streamline" a mortgage?
If you referring to an FHA streamline it means that you have fully qualified for the mortgage at one time or another in the past and since you have done that NOW you can "streamline" in todays market meaning NO appraisal needed, and NO income documents to provide. Basically verify your...

Advice for a future homeowner?
Goof for you....being proactive. Credit scoring has become an art it seems lately. So much info., yet not enough time to go through it all. I would suggest reading through this website. http://www.tfc2009.info/ they have plenty of information for you to go over.good luck

Refinancing a non-warrantable condo
1.Strong borrower. 700+ credit usually2.Strong property. Need to know why non-warrantable3.Income - Low DTI - need to be under 45% back end4.LTV - 80 or lessGuidelines to go off of, but each file is case by case.Bill-

buying with zero down? military related.
You are in a great situation. Everyone is looking for 100% financing....and you have it available. Why not finance as much as you can with interest rates being at all time lows. Borrower money at 4% and use what would have been your saved down payment for another investment that will yield a better return than...

Can my wife and I both use our 401k for a down payment on our first home?
401k plans are intended for retirement savings. So, if you want to take money out of your 401k plan early, there are penalties and taxes. The answer to the question is 'yes'. However, for the reasons mentioned above the costs may not be worth it

Is it normal to receive a request for 2 appraisals on my home before selling?
Most likely it is a Jumbo loan eventually having the servicing sold thus the bank purchasing it requires two appraisals, which is passed down to your lender...natually called an overlay.. Pretty common when your working with correspondent lenders and brokers.

I\'ve made consistent payments to my college loan for 3 years, but will this debt help or hurt me in getting a loan?
This is actually helping you. It sounds to me you have what we call a good seasoned tradeline. It does get counted in your overall debt ratio calculations for loan qualification but it looks good that you have made these payments on time for 3 years. Hopefully the balance owed vs. original balance...

What loan is best for me if i\'vee saved 15 thousand for down payment and my dad is willing to co-sign with me
Depends on what the sale price is. Either way with your scores a conventional loan lender paid MI would be the way to go if you don't plan on refinancing it or selling the next 10 years.

Is it possible to have two conventional loans backed by fannie mae?
Without selling you on how great of a loan officer I am or how good my company is. The simple answer is YES

can we still get an fha with 3.5% down or has is gone to 5%?
FHA is still a min. down payment of 3.5%