Can I get a combination loan at closing on a bank owned property?
If you want to buy a bank owned property and use financed funds to rehab the home your best route is a 203K. However you will need to wait until a full 36 months since the property was title back into the Bank's name, Nov of 2013 before you can enter into a contract to purchase a home and apply for FHA...

I have two mortgages one Home 160.000 credit line 46.000 commercial 140.000 income 2.000 how can I combine
Don't understand your question. I think that you want a loan for 206,000 + closing costs. Your home's appraisal must come in at 80% LTV or about 260K. Call me at 561-252-1552 to discuss.Carlos

I would liketo get a prequlifed to purchase a home
Call us at 561-746-1484 and we will pre-qualify you.Thank YouCarlos Eliseo

Can I transfer my mortgage to my son
Yes, as long as he qualifies financially. VA loans are assumable. Contact your servicer for instructions.Carlos Eliseo561-2532-1552

330000 of 10 years balloons please acalculated
I don't understand your question. A balloon loan is a loan that must be paid off on or before the balloon due date period.

Can I refi my home without my wife signature. She is on the original loan.
No. Your wife needs to sign the truth-in lending, mortgage and HUD statement even if she is not on the new loan or title. You can contact me when you are ready to refinance or if you have any further questions. Carlos Eliseo 561-252-1552.

Cash out Refi
Try applying for an FHA Loan. It allows up to 85% LTV.

I don't want to sell but being forced to
If you signed a contract agreeing to sell your home, you may be liable for money damages, depending on what your contract states.

OK! its a Bank REO

Will mortgage rates fall for june 5, 2015
I think that you are right in the near future, but today and in the next week or so I feel that rates will not increase, but this is only a guess.Carlos 561-252-1552

Does appraisal mean approved?
An appraisal is a valuation of the house, not an approval. The appraisal dictates the home's value which is one segment or section of the UW process. credit worthiness, income/employment and reserves are the other considerations when UW a loan.

Paying off Auto Loan before closing?
Make sure that your monthly payment for the new car will not be higher and notify your loan officer prior to making that decision.

Can you do a cash out refinance fha after 1 year of chapter 13 discharged
Yes, if your ratios are within the guidelines, and you have established credit. An explanation for the cash-out will be required by UW.

Can I purchase a home if my name is on my parents' mortgage?
You can buy a home with your name on your parents mortgage. The servicer for the current mortgage may not want to remove your name from the mortgage liability (not typical) with a refinance in your parents name, but you can confirm that your parents are making the payments by showing the most recent 12 on...

Need advice on a vacation home
Residential mortgage loans for second/vacations homes are available for qualified buyers at the same rates as primary residences. Rates are in the mid 3's for 10 and 15 year terms and a bit higher for longer terms. The loan to value will be lower, normally beginning at 90% with mortgage insurance. Post...

What does it mean if my loan is sold?
No worries. You will be writing your mortgage payment to another servicer. All term remain the same.Carlos Eliseo5610252-1552