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David Van Waldick's Answers


If I am moving in less than 5 years, should i go for 5/1 ARM? Seems to be lower
Joe,I would argue NO. Unless it was 2 years perhaps. The reason is that 5 years is a long time frame. Something may come up that will motivate you to stay in that home or rent it out long term, etc. And with todays great historically low rates, and the high risk of rising rates in the net 2-5 years, why take the...
How does FHA treat a private mortgage loan on vacant land?
Rachael,There are many ways to get approved under FHA guidelines that may or may not include the land loan you reference.The best way to know is to complete a loan application and get underwriting per-approved. To get quickly pre-approved, go to our nationwide, proprietary, Home Purchase Loan...
How long after ch 7 can I apply for FHA mortgage.
There are many ways to approach this loan need. The best way to know for sure the amount and terms you are eleigible for it to get underwriting pre-approved. Pre-approve yourself by going to our proprietary automated underwriting system www.ePrequal.com.In minutes you will get a custom pre-approval...
USDA Qualification help
There are many ways to approach this loan need. The best way to know for sure the amount and terms you are eleigible for it to get underwriting pre-approved. Pre-approve yourself by going to our proprietary automated underwriting system www.ePrequal.com.In minutes you will get a custom pre-approval...
quit claim deed
Dear mrpin2,There are many ways to approach the cash out refinance. The best way to know for sure the amount and terms you are eleigible for it to get underwriting pre-approved. Pre-approve yourself by going to our proprietary automated underwriting system www.ePrequal.com.In minutes you will get a...
FHA Home Loan with a score of 615, Is it possible?
There are many ways to approach this loan need. The best way to know for sure the amount and terms you are eligible for is to get underwriting pre-approved. Pre-approve yourself by going to our proprietary automated underwriting system http://www.ePrequal.com.In minutes you will get a custom...
What type of loan can I get for a property on 40.08 acres?
An important home buyer buyer advantage is to speak to an experienced Loan Officer before you search for homes. If your LO is inaccessable buyers can pre-qualify themselves and notify their agents they are ready to going to our easy to use, proprietary, Home Buyer Instant Pre-approval web site at...
will my interest rate go down if i put down more money upfront or is it solely based on credit scores?
Generally, the larger down payment will help reduce your interest rate.The best way toedge Automated Underwriting and Loan Offer System "AUTOLUS". Receive a Prequalification Report, De know what rate and loan amount you qualify for is to go to www.ePrequal.com, and complete the brief questionnaire....
employer relocation letters for loans
Dear poohstone24501,Employer letters for relocating borrowers is a critical and often problematic item.For a complete explanation, read our blog post at Homes on Fire here: http://bit.ly/1zFTYoxGood luck with your new job and home.
Should I refinance now? Or wait? It looks like rates are going up. Is this normal for end of year?
Refinance now. Tomorrow is guaranteed to no one. Rates can edge up at year end as mortgage markets collectively know the demand for loan closings by year end increases willingness to pay a higher rate. But, with inflation on the horizon, and the federal reserve needing to save face by raising rates, it is...

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