30 year FRM or 5/5 ARM? Which is better?
Fixed rate mortgages are better options at this moment. If you planned on selling the home in a shorter period of time, I would suggest the ARM for the savings. In this case once you add in the cost of refinancing and starting your amortization clock over for 30 Years in year 5 the savings are wiped out....

Credit score of 713, can I buy a new home?
You should easily qualify for a home loan based on the information you've provided so far. There are other factors that go into a mortgage approval, but you're off to a good start from what you've provided so far. Good Luck! : )

Disability letter from my doctor to Lender
Showing the condition is permanent, and your social security will be continued for 3+ years.

Hi my name is Lisa and I live in GA. I want to buy a home for my family. My credit score is 629 and i need help with getting my score higher. Ive been paying for 4 yrs 1,400 a month for rent and have never been late. i make around 65,000.00...... please direct me to the land of home ownership. THANKS
Hello Lisa,Now is a great time to buy! A 629 credit score is a good start to purchase a home, although your middle score is what counts. Give us a call directly and i'll be glad to assist you on getting pre-qualified. 888-288-4467 Thanks : )

Could qualify for any type of mortgage loan with a fico score of about 518-525?
I would advise utilizing your $8,000 in cash to clear any negative items that may be keeping your credit scores down. Once your credit scores have gotten above 620, you could qualify for a FHA program that will only require 3.5% down of the purchase price at max. If you're buying a home in the city of...

Need mortgage broker in Smyrna, GA
The Atlanta Branch of CFI Mortage is located near Cumberland Mall on Riverwood Parkway. Please see WWW.CFIMTG.COM for directions, and feel free to contact me Jason Robinson for an appointment between 10-6 Monday through Friday. ThanksJason Robinsonnmls:245620Georgia Residential Mortgage...

Can I get a VA refinance loan under 10 years?
You can easily use your VA benefits to qualify for a new lower rate. We will simply need your DD214 with your full application to order your certificate of eligibility from the VA. Simple as that! Call Jason with any direct questions at 888-288-4467. We're located here in Atlanta and will be glad to...

What are some ways to pay down my mortgage faster?
Making bi-weekly payments is a great way to reduce your principal balance without paying extra per month. Also sending an additional 10% principal payment above your current payment will help you pay your loan off faster. Good luck!

hello, I notice there is a 5000 dollars fee from broker, the lender pays that right?
Have you had a chance to ask your broker what the fee is?

Can you roll over a 401K towards the down payment on a home?
You sure can. A lot of posters say take the funds as a loan, but if your DTI is too close that may disqualify you. And your down payment funds must be seasoned.

Will a lender consider a home loan to a person on a fixed income?
Absolutely. As long as you can show it will continue for atleast 3 years forward. Good luck! If you're in GA, AL, TN, VA, or SC give us a call. : )

I have to relocate to a new state for my job, can I rent out my house if it has a USDA mortgage on it?
Yes

Will I have to pay mortgage insurance premiums on my FHA loan with the new changes?
You should be clear from having to pay anything additional under the new changes.

my mid score is exactly 640. How much will my score go down when bank runs my credit?
Depends on if that middle score is through fair isaac, fico, or your beacon. There are different calculations for them all, hence the different scores. If you've already started shopping for mortgages, you have a 14 day window that you shouldn't incur any more credit hits for inquiries....

Are there any lenders that can finance a mortgage with a middle score of 590?
Yes......But with the premium that you'll pay on interest over 15-30 years, as well as closing cost. it'll be so much better to invest in repairing your credit to obtain easier financing. Good luck

Can I get a home mortgage straight out of college?
You should be fine if you worked part time while in college, if not you may have to wait 90 days of working to purchase your new home. It's great that you're buying your first home out of college at such an affordable price. Good luck! We do lend in SC!

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?
As long as you have your case number issued before 03/31/2013

How can I find out how much HOA fees will be for a neighborhood?
Simply Contact the HOA president. Different homes may vary in dues because of size, amenities, parking, etc.

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
Contrary to the other post.....The answer is not flat out "yes"..You can assume 2 ways: if you are a veteran yourself or If you're mom (assuming they were still married) was on the loan with him at his death she could as well. If you're not on the current loan, you'll have to obtain...

I need to get a loan for a home improvement. What is the best route?
A First mortgage cash out refinance is the best option at the moment. There are many other variables that can make equity loans favorable as well..