any way to get a home loan if im on ssi
Depending on how you receive the income, your purchasing power may even be based on 125% greater than the income listed on your award letter.

Are prepayment penalties something to worry about?
Hi Lucas, the state of Minnesota outlawed prepayment penalties several years ago. Now, this is for 1st mortgage transactions only. 2nd mortgages are not covered by this rule.

Question about LQI and closing agreement with lender.
Nobody can guarantee a closing date. Your realtor's policy is outdated and incongruent with today's business practices. Not to mention, a world of legal issues that could arise with attempting to commit to something like that. Nobody can see the future and nobody can guarantee a closing date. I've seen...

Question about bad credit mortgage companies
There are hard money investors still around, as well as private investors but, you may not need to go to that extent. If we were operating in PA, I'd ask to take a look at your deal but, unfortunately we do not. Shop around.....I know there are traditional FHA lenders out there accepting 560 credit scores, as...

Can you float down to a lower rate more than once? are there exceptions
Yes, there are banks out there that allow this though, it's not common

Do lenders use site like this one and zillow for assessing home values?
To give my clients an idea of where their value currently stands, I'll review comparable sales in a variety of sources including: MLS, Zillow and Eappraisals. But, this is simply a cursory analysis and in order to determine the value used in a mortgage transaction, a full scale appraisal is needed.

Can i seek another appraiser? I did not like his judgement or attitude, is it possible?
Unfortunately, no. However, your lender can prepare a rebuttal to the report, with your aide, to challenge the appraiser's decision-making process.

Refi eligibility v MHA
First you need to determine whether or not your mortgage is eligible for the HARP loan. Go to the following links and input your information to see if you would qualify: https://knowyouroptions.com/loanlookup or https://ww3.freddiemac.com/corporate/. Your loan must have been sold to Fannie Mae or...

will the shutdown ruin chances of gettin an fha loan or are they not affected
There have been many government shutdowns in our past. This is nothing more than political jargon. While, having a closing date set for this week may be problematic in getting the goal line as a couple items (as stated already, IRS 4506t verification and Social Security # verification) necessary to...

refi second home in los angeles
If we were licensed in California, yes, that would be a feasible cost structure based on the current market. Unfortunately, we're not licensed there.

Can i borrow on a conventional loan then add my wife to it later?
Depending on the laws of your state, she may already have rights to the property. In Minnesota, we are a marriage law state. This means if a couple legally holds a marriage license, the non-borrowing spouse is automatically granted rights to the property, regardless of whether or not they are listed on...

is there a mortgage loan that would include improvements over the asking price
Yep. FHA has the 203k product and Fannie Mae has the Homepath and Homestyle products. The Homepath only works for Fannie Mae REO properties, the Homestyle and 203k will work for any property. Aside from these, there are construction loans available that will allow you to structure the deal off the...

What are considered a recurring and non-recurring costs at closing in a refinance
Hi Derek, you could look at it like this: non-recurring costs would be equivalent to "closing costs". So, title costs, appraisal costs, bank costs, county costs, etc. Recurring costs would be equivalent to your escrows. So, property taxes, homeowner's insurance, association dues (if applicable). ...

My creditscore is 590 do you think I could get an equity loan I dont have no morgage payment
Hi Jacqueline, we are able to lend down to a 560 credit score. Please go to our website and submit your application so I can get a full perspective on your situation. www.satorimortgage.com. Please select me (David Ortega) in the dropdown list when you submit your application so I am notified when the...

Can you give an appraisal in year 2009 for single family home?
Hi, I'm not sure I fully understand the question but, if you're asking whether or not you can provide an appraisal that was completed in 2009 to help underwrite a loan you're currently applying for, the answer is no. I'm aware of banks allowing a transfer of appraisal that is up to 4 months old. We're...

Need value for 2133 NE 63 Ct Ft Lauderdale Fl 33308 for year 2009
$279k-$296k

Is it possible to have two conventional loans backed by fannie mae?
Hi Bobby, there are a couple ways to look at this. First, to answer your question as William Acres already addressed, you can absolutely have multiple Fannie Mae loans. As for the best structure, you could look at either cashing out money from your primary to purchase the new home so you only have 1...

served in air national guard and as a reserve of the air force from 1963to dec. 5 1969 does this qualify me
Hi, are you looking to qualify for a VA home loan? If so, I don't believe you would be able to qualify. Do you have a certificate of eligibility? We can help you request this if need be. There are many other loan options available that may be able to help you qualify. I would love to take a look at your situation. ...

lowest rate for 710 credit score and 10% down
We could get you between 2%-3% depending on the type of loan term and product you're looking at. Give me a call. David Ortega - 612-414-7728 is my cell. 952-544-1706 is our main line. Or, you may submit your loan application through our website: www.satorimortgage.com

In 2012 foreclosed in mn when can i get a new mortgage on a home?
1 year after the date the deed transferred if you can prove a loss of income and 6 months of continuous unemployment. Give me a call: 612-414-7728 is my cell; 952-544-1706 is our main line. Or, you may submit your application via our website at www.satorimortgage.com