Refinancing my home with 706 credit score
Absolutely you can benefit. With rates in the low 4's you would be saving over 1.5% which equates to $3000 interest savings per year. You may even be able to cut your term and keep the same payment.I would be happy to give you some numbers with an application or credit. I will be out of the office until...

Middle FICO credit 759, looking get a home mortgage in Seattle
Here are some quick numbers for you to look at on a 20% down payment purchase:3.875% is a cost of .332%4.00% is a credit towards your closing costs of .128%I can give you a worksheet that lays out all the costs so you can see them, plus you may be able to get them paid by the seller.Thanks, Curtwww.CurtTiedeman...

Refinance, Washington, DC
I can't help you, but my wife may be able to....Jody Tiedeman, 253.988.0894 at Metlife Home Loans, jtiedeman@metlife.com

Bankruptcy of husband, our divorce and our house mortgage
Everything depends on whether or not the mortgage has been kept current. Best bet is to refinance it into your name only, which will probably be required per the property settlement in the divorce.Yes, your home will be protected during the bankruptcy, but it is important to keep up the payments. If you...

how long do i have to wait to refinance?
Great job weathering the storm! FHA requires 12 months of payments paid on time (onwer occupied properties only) and Conventional is typically a minimum of 12, but prefer 24 months. You should contact us when you are close to that 12 month mark to get the process started and before your current loan...

HARP 2.0 - If I refi will I have to carry PMI & what is avg cost of PMI?
HARP 2.0 will help you without PMI. We take the original closing statement from your existing loan to prove that the loan does not have PMI. When we run the loan through Freddie Mac's automated underwriting engine it will confirm that you don't have PMI as well. We lock your loan based on...

REFINANCE TO ADD FAMILY MEMBER TO LOAN
Hi Traci,You should be able to do what you stated above. I am cautious to give you a full "yes" because I don't know all of the facts on credit, income, whether or not you will be living in the home, etc. There are some mortgage loan underwriting rules that need to be taken into...

Do I need to submit application/docs to get a GFE?
Federal laws have changed for lenders and when we issue a Good Faith Estimate, we are bound by the terms, rate, fees, etc. Rate is determined using credit scores, so you have to have your credit pulled for a Good Faith Estimate. Many lenders will provide you with a worksheet that lays everything out all...

Who pays for closing costs during a short sale?
There isn't a black and white answer to your question - the bank is taking a loss in a short sale. The more they give in closing costs the more they lose, so their motivation is low. If the home has been on the market awhile they might be more willing to give up closing costs to move the home quicker. You can...

What is the best course of action when an older jumbo loan now qualifies as a conforming or conventional lEnter your question here
Great question.....you need to talk with or meet with a mortgage professional that can help you decide if it makes economic sense to refinance. My bet is that it does, so taking some time to do it may save you money in the long run. Let me know how I can help. We can do it over the phone, email or in-person. Thanks, Curt

I'm looking to take over my mothers mortgage, is mortgage assumption possible on other loans than va or fha?
FHA and VA can be assumed, but you still have to qualify. Conventional - typically no unless it is a portfolio loan being held by the bank. Read the promissory note and deed of trust to see if there are any provisions/language for "Assumability". Good luck and let me know if you would like buy the home from...

First time buyer hoping to get FHA loan but still have to pay off student loans as well
Great question - and congratulations on working hard to graduate plus saving money. The amount of student loans you can carry is based on a debt-to-income ratio. FHA prefers to have your debt ratio at 45% of your gross monthly income. It can go as high as 50% if there are compensating factors, i.e. savings,...

whats minimum service needed for VA loan
90 days and are currently active duty; 6 years in the National Guard or Reserves.If you have questions, please give me a call at 425.988.2501Curt Tiedeman, NMLS 35554 c.tiedeman@1ratemtg.com | www.CurtTiedeman.com

Do I need to refinance to get out of an ARM and fix?
Yes, you will need to refinance to get out of your ARM loan and into a fixed rate. It is a great time to still take advantage of the low fixed rates before they start moving higher. Let me know if you would like more information. www.CurtTiedeman.com 206.650.4202Thanks, Curt

can i get a mortgage even though i also have student loans
Yes, student loans don't prohibit you from getting a loan. Your debt-to-income ratio is one of the qualifying factors and as loan as you can afford the house payment + student loan payments you will be fine. I can pre-qualify you over the phone, online or in-person. Thanks, Curt Tiedeman NMLS 35554, 425...

Do sellers pay closing costs for specific mortgage programs or can it be any program
You have gotten some good answers. Closing costs are negotiable and your real estate agent should be able to assist you with that piece. Lenders can pay closing costs in some cases. We raise the interest rate to create a lender credit that can be used to pay closing costs. I can help you by giving you mortgage...

1031 Exchange
You need to speak with a 1031 Exchange facilitator. I would start here to read up and locate a professional. There are specific rules that allow you to use a 1031 exchange to avoid capital gains. I believe you have to set up the 1031 before selling your property, identify properties you intend to role the...

i intend to pursue an arm - any difference between 5/1, 7/1 rate wise?
The shorter the initial fixed rate term the better the interest rate. The ARM's have a fixed rate period and then converts into an 1 yr ARM that adjusts based on the Index+margin. The ARM does have annual and lifetime caps. The 5/1 & 7/1 act identical in most cases after the fixed rate period is completed. It...

for todays market is a fixed loan better than an adjustable loan?
Tough question because it depends on the individual's long-term financial goals and how long they plan on being in the home. If it is your first home or see yourself getting a new job (relocating) then an ARM might be the best choice. If this home is where you will be 5 or more years then a fixed rate is...

Is it possible for me to get a mortgage on a manufactured home using FHA program?
Yes, you can get an FHA loan on a manufactured home as long as it is classified as "real property". FHA requires a foundation/engineer inspection which the seller may already had done when they purchased.Let me know if I can help. Curt Tiedeman, NMLS: 35554, 206.650.4202 Cell, 425.988.2501 Office Direct...