will i actually end up saving money?
Jayson refinancing depends on several factors, how long have you had your current loan, if you have a conventional or FHA loan now and if you are going for another 30 year loan or a 15 or 20 year loan. It used to be that the rule of thumb was that if you were going to save at least 1/2 to 3/4 lower of an interest on...

What happens to the heirs with a reverse mortgage
Hi Martin, are you on the title to the home now too? I am sure your father has the need for a Reverse Mortgage, with the poor economy, many seniors are faced with realization that the money they have at retirement is not going to be enough and many seniors are wanting a Reverse Mortgage to eliminate their...

Any advice is appreciated
Hi Christ, what is your long term goal and do you know how you got yourself in the bind? I am going to have to agree with the other loan guys that attempted to answer your question; you need to talk to several different loan consultants to find what solution works best for your situation. You can call me at...

How Can We Lower the Monthly payment?
Hi Jesse, Who is on the Mortgage now? I just posted an article here on Lender411 about how a Reverse Mortgage can help people like you and your mom. Check it out: https://www.lender411.com/mortgage-articles/1725/Reverse-Mortgages-and-Retirement/ and give me a call 1-888-546-9927

A Few Question About Reverse Mortgages
Bernice, I am a professional Reverse Mortgage Consultant that works with Seniors all across the United States. I help Seniors like you enjoy their retirement without losing their home. You have worked hard all of your life and now while you are 79 and your husband is 80. You do not need to worry about...

FHA Home Loan Approval
Hi Carter, there are several different type of FHA loans out there, what type of FHA loan are you seeking? Call me directly at 1-888-546-9927 or visit my website: http://loanofficers.50stateslender.com/gary to learn more about the FHA loan you are looking to finance with.

Any Lenders for a homestyle mortgage?
That depends on if you own the home now or are looking to buy the home there are two different loan programs available. One is the HUD 203 (k) Loan which I specialize in FHA loans or depending on your credit you can borrow from Home Depot on one of their home improvement loan programs. Check out my website for...

Only deceased spouse on mortgage, but both on deed.
If your spouse died, I am going to assume you are over 62. If you have enough equity in your home you should look at a Reverse Mortgage, for there are no income qualifications and your heirs will get what is left over of your equity when you die just like if you died tomorrow your heirs would get the cash left...

Is a reverse mortgage safe?
Hi Scott, Reverse Mortgages are different today than they were before FHA took over them. In the old days people would say "The bank gets my house". That is not true today, because in the old days some lenders actually put their name on the title to share in the growth of the equity of the home....

Shorten my 30 year mortgage?
There are many ways to shorten your current 30 year mortgage without refinancing your current loan. If you are paid every two weeks a biweekly plan works best, you can cut a 30 year mortgage to a biweekly plan that can cut your mortgage to 22 years and a 15 year mortgage biweekly plan can be paid in as little...

should I refinance two separate mortgage loans into one.
Hi, I know how you feel, for I am in the same situation. I have two homes, one I live in and the other one I am renting out for less that my monthly payment. I flipped houses on the side and got caught in the current mortgage crisis. There are two things I need to know, 1. What is your current income and 2. What do you...

Super Jumbo Refi with DTI>45%
Hi, at First National Bank, we work with several different lending underwriters to find the best possible loan for our customers. I loan nationwide with First National Bank. Give me a call at 888-546-9927 or visit my website at: www.loanofficers.50stateslender.com/gary to see how we may be able to help...

Hi, I have a credit score of 575, related to medical debt that has been paid off, trying to buy a house.
Hi, it is tough to get any loan with a credit score under 620. Some lenders will lend with at least 80 to 90 % down.

My lowest score is transunion 677, experian, and equifax are over 750. what r my chances for fha & $
You can get a FHA loan, BUT as far as getting money back it will depend on how much equity you have in your home.

does anyone allow a mortgage loan for someone who has been discharged from bankruptcy for just 2 months
It is harder, but with searching and patience it can be done

FHA w/ 608 credit score...anyone doing these?
I recommend to my customers the Account Now Visa, it is the perfect alternative to a checking account! Build your credit score, no credit check, no overdraft fees, no bounced checks. Copy and paste this link to sign up: https://www.accountnow.com/mktcap/signup2_mb...

Home equity for remodel/credit debt
It depends on your current market appraised home value. You can use up to 80% for a home equity line of credit or if you want go to Home Depot where you can open you a line of credit then when you are ready and need to refinance everything to a lower rate talk to a loan specialist to get you payments back down to...

First time home buyer in Topeka
If that is your income and credit score you should have no problems qualifying for a mortgage. If you are buying a Foreclosure look in to the HomePath Loan or a FHA 203k Loan where you can combine the remodeling or repair cost to the total loan. If a person is over age 65 and have limited income or a bad credit...

Underwater on mortgage
Depending where you are in Dallas, some homes are back on the rise there. Also do you plan on staying in that house for more than 3 to 5 years, because that is how long it will take to recoup your closing cost? Another facture is if the value goes down even further and you need access to cash you will have a hard...

Can an RM be taken on property with no dwelling?
Hi Jennin,If you want to move there and stay there a reverse mortgage will work. You could get a regular construction loan and use the reverse mortgage as what we call your end loan. Be careful if you want to put a log home or manufactured home on it, because some lenders do not allow a reverse mortgage on...