what is flip?
Well, this really stinks! I would contact your Agents owners and explain to them what happen. They should release you from these broker agreement (for the 2%). If that doesn't work you may what to contact the Arizona Department of Real Estate at www.azre.gov Flipped property are property that have...

Bankrupt but in Forclosure please explain
I would call your attorney.Thankswwww.trustyourlo.com

Can a seller state they will not accept VA or FHA financing?
Yes, this is legal. Many properties in the last few years have been flipped, so it's very hard to put a VA or FHA loan in place on these properties. Also the seller has the right to accept or turn down any offer (even if it's a full price offer). For more information please contract me at...

Can I refinance my converntional loan and my heloc to have one loan at a lower rate?
We can refinance your 1st mortgage, however since you owe more they the appraised value you can't finance both loans at this point. To discuss more please contact me at dkester@thelendingco.com or 480-284-5254.Thanks,

Will refinancing with another person on the mortgage make it a better loan?
What is the main reason for the refinance? Is it to lower your rate? Is it to shorten the term of your loan? Or is it to add your wife to the loan? First off I personally would refinance just to add your wife to the loan (she could be added to title pretty easily). If it's to lower the rate or shorten the...

Swimming Pool
Taylor,Depending on your current rate, it may or may not make sence to refinance your current loan. My goal is to save you as much money as I possibly can, so it maybe better to look at Home Equity Line of Credit. This is a 2nd mortgage that will not affect your first mortgage.David Kester 602-628-6500...

FICO credit score of 742, what are my options on refinancing a home?
Ron,It sound like you have many options. There are 3 important items in today mortgage world. 1) income and DTI (Debt to Income) 2) LTV (Loan to Value) 3) Credit Scores.It seems that you are all set in all of these items. Please call me at 602-628-6500 so I can quote you a great rate. I work with more than 10...

Home refinance rates for a $300,000 home
Yes, you could get a lower rate, but I'm not sure if it make scenes for you to refinance. Here's the questions I would ask 1) How long do you plan on being in the property? 2) How long have you had your current loan? 3) What is your pay off amount (if lower than $100,000.00 saving .75% to 1.00% may not...

My middle FICO is 681, does this credit score disable me from getting a new home?
Great news, We only need a 620 FICO score to get you approved for a FHA loan with 3.5% down payment. If your a Veteran we could provide a ZERO down loan. Or we can offer a 5% down conventional loan with 680 FICO.Call me or email me for more information.dkester@thelendingco.com or 602-628-6500

I have a FICO credit of 689, can I qualify for an FHA home loan?
Tom,Yes, you should be able to purchase this home with a FHA loan, but I think with your down payment you could purchase this home with a conventional loan. FHA requires at lease 3.5% down of the sales price ($6,125.00) however they are going to charge you mortgage insurance. On a conventional loan the down...

Piggy Back loans in Arizona
Hello,It sounds like your trying to avoid Mortgage Insurance. With 5% down depending on your credit score the MI factor could be as low as .67% which is much lower than a FHA 3.5% down. If your trying to avovid mouthly mortgage insurance, you can do a single paid upfront mortgage insurance.Call me at...

I want to take out equity in my home. I own it outright and have no mortgage. In march of 2011 I had to short sale my home due to
I maybe able to help call me at 602-628-6500.David Kester.

Should I refinance or downsize?
Julie,Nobody can answer these questions without knowing more about your short term and long term goals. Right now it's a sellers market ( low inventor and a high demand for house). If you would like to sit down face to face with a lender who cares, please give me a call. My office is in Chandler off the...

Can I get approved for a 35% LTV mortgage without a job? Need $175k to buy out sibling's share?
Please call me I think I have a way of doing this l loan for you. David Kester 602-828-6500

Are there any lenders in Phoenix AZ doing 80/10/10 loans for a primary residence purchase (conventional - not jumbo)?
Yes, an 80/10/10 is possilbe. Call me to see if you quailfly David Kester 602-628-6500 Sr. Mortgage Consultant

Is a property over $600k considered jumbo in scottsdale arizona?
Yes, any loan over $417,000 is considered a JUMBO loan. The required down payment is 20% on a JUMBO loans, however the rates currently on JUMBO or conventional are around the same rate.David A. Kester602-628-6500

how much income required to get approved for a mortgage ~$300k
Hello,Let's talk nuts and bolts:All lenders will use 45% of your Gross Income (in some cases we can go up to 50%) for all of your debt. This is called DTI or Debt To Income. So if you make $7000 per month Gross income x.45 + $3,150.00 for all of your debt including the new house payment.The best thing to do is to...

With "Equity LOAN" upcoming BALOON payment can I qualify for a 1st mtg? Stable income, EXCELLENT Credit small 0% Cr card loans.
There are 4 major items we review to place a loan. 1. Income that can be documented 2. Debt to income. 3. loan to Value 4. Credit history. Let me know if I can help. David A. Kester Sales ManagerAcademy Mortgage602-628-6500

1st Time Buyer - House is Paid off
The best way to do the loan is a Gift of equity. If you purchase the home at $66,999 it could lower the home prices in your area. Have grandma, sale the house to you at the appraised value and have her provide a gift of equity. My concern is the amount of debt you have and what your Debt to Income (DTI) is at 65%...