Can The FHA Help Us?
Remember we look at credit 620+ or 580 sometimes, income (generally 2 years same industry), and equity in the home. if your ratios are correct 29/41 (sometimes we can push that to 45%) and you have all the above you can qualify easily FHA, or if you are in a USDA area could do 102 % financing and for both...

Is it worth it to get a longer mortage
8 years left, okWhat is your equity position (its value), what is your age or how long till you retire, how much do you have put up for retirement?What are your retirement goals how does the home fit in with those?

Quit Claim Deed
Depends on what state but in Florida here is the scenario:Filing a quit claim transfers whatever interest you may hold in a piece of property to another party. You must include a proper legal description of the property in question in your quit claim deed. You must sign in front of two disinterested...

Do I qualify for fha?
I would say yes but you will not be able to close until you have 2 years w/bankruptcy discharged. Her score will need to be over 620 but that is an easy fix.......For more info you can contact me thru Lender 411. Carl

Is It True?
Yes we can go to 40 years in some cases

Are there different kind of FHA loans or are they all the same? I am looking for a zero down.
FHA is 3.5% down with a PMI of .9 % per month added on to the payment. In certian areas the USDA Rural loan program is available for up to 102% financing, and for closing costs you can use up to 6% seller consessions to have a no out of pocket loan for both FHA and USDA in most cases. If you are a veteran VA is also a...

My First Home Purcahse
Yes all lenders are now highly regulated we must have national licensing and must be licensed in the state they reside in and many many cases have mutiple licenses. My advice is also to go with a lender such as our parent Brightgreen Home Loans your fees will be less as a broker will add on fees to get a...

if i am a foreign national buyer and i signed escrow papers and other documents in english and not in my native language which is spanish by law does the lender need to provide me with spanish contracts or not?
You could ask for them in spanish but us law is in english and if a dispute came about the meaning in the contracts will be in english not spanish.

HAMP Program
Yes it is and its available for Loan Mod relief here are some details:The Home Affordable Modification Program (HAMP) is designed to help as many as 3 to 4 million financially struggling homeowners avoid foreclosure by modifying loans to a level that is affordable for borrowers now and sustainable...

What are the reasons rates could be different? am i being discrimnated against?
What effects rate are - credit score, type of property and type of loan. Rates are pretty standard. I disagree with Peter, Big Banks are much much more expensive in fees and rates than small lenders as OVERHEAD is the largest cost for a big bank. I get gfe's from borrowers all the time and the big banks...

Why are rates all over the place? I see on this site some lenders have it at 4.875, others at 4.5. Isn't that a big difference in payment?
Rates change daily.Suppose that the 4.875 rate carries no lender fees on a 300K loan.That covers all your costs in the Yield spread, processing, underwriting, application ect. The 4.5% rate is a lower payment but has $2500 in fees. For someone with limited cash needed for a down payment and closing costs...

Would I qualify for a homepath loan?
I can do a 580 with improving score homepath, but it would be 10% down but we could get going on it and start working towards it today! Or we could work on your score to get over the 620 threshold. Carl Ashton Mortgage Loan Originator NMLS MLO ID # 247293 E Mortgage Management, LLC 7601 N Federal Highway Boca...

What does it mean to float a rate?
Here is a great article on floating rates. http://www.mortgagenewsdaily.com/consumer_rates/207958.aspx