Will I qualify for a mortgage
Your school history counts as experience for us since you obtained your degree. If you are in TX I am at your disposal. Brad - 972-724-3222 x 227 - bcahoone@globalhomefinance.com - http://globalhomefinance.com

400k loan with fair (now) credit and good salary?
I didn't see it mentioned here, but the 401K loan would not count on your Debt ratio on an FHA loan either so you don't have to pay if off unless you want to. Rates are below 4 on many products. Lock now somewhere. Good luck and I am at your disposal if your loan is in TX.Brad - 972-724-3222 x...

refi with HARP?
Carin, Good afternoon. A HARP may be the only solution you have. Barrett is correct in saying that you will still have PMI (MI). Very few lenders will reissue MI for you even if they service. I have access to one large bank that will. Please call me so we can discuss. You must be in TX. Brad - 972-724-3222

Could i afford a $174900 house with a 50000 annual salary?
I can get your principal and interest down to about $691.07. Add taxes and insurance say ballpark another $350 a month on a $175,000 house in TX and you are probably around a $1040 a month payment escrowed. We do a single upfront premium for MI and you do 3 -5% down depending on FICO. This is on a 5/1 Hybrid ARM at...

Do 80/20 loans still exist? I have an 832 credit score. Any other options to avoid PMI in Texas?
Harris, Good afternoon. LPMI (Lender Paid Mortgage Insurance) which the lender just charges a slightly higher rate to buyout the PMI. Then there are the split premium and upfront mortgage insurance options. The 80/15/5 mortgage option would give you a first mortgage for 80% of the value of the home, a...

What's the best kind of loan in your opinion? I have 25%down on a $400,000 home but dont know what loan to pick or what has the best rate?
Hey Don. Hope you are having a great week. It is definietly a great time to be in the market with rates at record lows this week! The best loan depends on your circumstances. It is based on your wants and goals. With the level of down payment you have you should not have any problem with getting into a home with...

Score 623, Husband 720, curious about Loan?
Good afternoon Julienne. My name is Brad Cahoone. I am a Mortgage Broker at Global Home Finance Inc. in Lewisville. As with these other good people we can do FHA with your score and all the way down to a 580 in some circumstances and at a 600 with no problems. I have seen some individuals walking away with 30 year...

How does a person qualify for down payment assistance?
Hello my name is Brad. I am a licensed Mortgage Broker in TX, NMLS ID 184176. There are 100% programs via USDA Rural Development and the VA for no down payment and typically the seller will pay the fees for you if the realtor structures the contract correctly. FHA is only 3.5% down and we would request that the...

Loan qualification before filing taxes on foreign earned income?
That answer is not entirely correct. As long as you have filed the extension for 2010 then you can use your 2008 and 2009 as long as it closes and funds before October 15,2011 as the extension is only good for 6 months. I am not in South Dakota so I can't do your loan, but I am sure there are capable...

How much will I be able to lend?
A. Jones, Good afternoon. Henry did not go into too much detail as it is hard here, but the max FHA loan for Dallas County is $271,050. To go to a higher amount you would be looking conventional or VA if you were a veteran on a condo. Now the condo also has to be approved by HUD. It is almost impossible to find...

Revealig my assets
Cheryl,

Really want to buy
You can file a complaint with TREC (Texas Real Estate Commission) if you believe he did not fulfill his fiduciary duty. I am not an attorney so I cannot give legal advice. Unless you are looking to recoup damamges thru an attorney then a complaint with TREC is about the limit I can see of you doing here. Your...

Seller paid down payment?
TDHCA has first time homebuyer grants. There are 77 approved mortgage lenders at this time to work thru. I would steer clear of the large institutional companies like BOA, Wells and Chase as their turn times are measured in months these days. Your purchase contract will expire long before they...

Will mortgage rates continue to go down?
Travis, Good afternoon. Rates are actually increasing over the last week and a couple of days. Markets are very volatile right now with the European debt crisis and all of our employment and housing issues here in the U.S. The rates got worse by 22 basis points yesterday. What that means is for a $100,000...

Quitclaim the best way?
Julie, Good afternoon. In TX it would not be a quit claim deed. It would be a Warranty Deed. You generally have to be on title for 6 months or lenders price you as a cash out and 12 to do a rate and term refinance. Sounds like we can show continuity of obligation with the canceled checks from your sole account. ...

Refinancing a second home which is leased
Good afternoon. Since the loan is Fannie Mae already we can go to 125% Loan to Value today no problem. As it is a non-owner occupied (investment property) the restrictions for LTV become prohibitive at many lenders, but we have a couple that do not put overlays on for that. The only concern is if you have...

VA loan for a guy with bad credit
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What do I need to qualify for a 4% home refinance?
Jessie, Good evening. We might be able to do a 15 year for what you are paying now and pay it off even sooner with a 3.25% interest rate. Brad Cahoone -NMLS ID:184176 -Global Home Finance Inc - NMLS ID: 316441 - phone: 972-724-3222 - globalhomefinance.com

Home Equity Loan
No one is going to be able to do a TX cash out on conventional terms for you for a few years (maybe up to 4 more). I don't think credit coaching would help you either by honest means. He might tell you they are going to get the Bankruptcy deleted, but then again that may not happen and he has your money win or...

Middle fico score of 719, what rate can I get for a refinance?
Could be between 2.875% and 5.25%. Give me a call and we can discuss further. Happy New Year!Brad Cahoone - NMLS ID 184176 - Global Home Finance Inc - NMLS ID 316441 - 972-724-3222 ext 227 - 866-515-4097 ext 227 toll free - 972-692-7888 efax -972-420-1999 land fax -bcahoone@globalhomefinance.com -Saving...