I see an article on this site that says today rates hit lowest in a year. Is that correct?
Yes rates are good right now. But often times reports in the media don't coincide with real time. In addition you have to get along the process before you can actually lock in a rate. So I would suggest you move on things and get the best rate you can and never look back. That being said, rates are good...

Will I qualify for a mortgage
With you work and school history you should be able to qualify for an FHA loan without any problem assuming your credit meets minimum requirements. Where are you moving from and where are you moving to? If you have any questions beyond this feel free to call or email me at any time. Best of luck to you.

FHA for Investment Property
The answer is clearly no. The home has to be your primary residence and you have to occupy it within 60 days. If you buy a duplex for example, and rent out the other half, then decide to buy a single family home 3 years down the road, that is up to you. That is your best bet as far as being able to acquire an...

fallin behind
Talk with your lender and make some arrangements with them to get caught up. If you don't say anything and just let it go, things will be worse. They may be able to work out a plan that will help you and will not continue to reflect badly. Good luck and let me know if I can help.

Loan Contingency Removal Question
It definitely sounds like someone has dropped the ball in this process? What is going on with your real estate agent? This person should be going through all this with you and making sure you know everything regarding the contract. The pre-approval letter that is provided by you lender is not binding...

I'm 42, can I get a reverse mortgage?
You have to be at least 62 to get a reverse mortgage. But I can assist you with a regular one if you want to explore those options. I am in Midvale.

Is a HARP my best option here, and what do I need to do?
It appears you would be a good cantidate for sure. There are more things to verify and confirm, but it sounds like a good option for you. You can email me at jason@jasonrhall.com or call me to ask questions - I am in the Union Park Area and have been for 15 years.

Is refinancing at this time right for me?
Doing a 15 or 10 year loan at a lower rate would save you money over the life of the loan and you could most likely pay the same amount and pay the home off quicker. I am in Salt Lake and would be more than happy to talk to you about it. Jason Hall - 801-930-0301

Can I refinance an RD loan into an FHA mortgage?
Yes you can depending on the terms of the loan, loan to value and other factors. However if you have an RD loan currently you would be better off keeping that as the terms are typically better than FHA, especially with regard to monthly mortgage insurance. As others have stated, there isn't a real...

can i get reverse mortgage if my home is paid off
Yes you definitely can as long as you are over 62. Details depend on a number of factors, but I would be happy to run through them with you anytime.

Do condos and townhouses always include HOA fees?
Yes. The fact that a condo is a property on land that is owned by the collective group means an association has to maintain, insure and care for that property. To do that an HOA has to exist for that purpose and all that is done through the HOA fees. I assume there could be some way that a property was designated...

Relocating to Utah, are the any no money down options for buying a house?
Yes you do have a few options as mentioned before - VA and USDA being your best options. Some income restricted and have other guidelines like that. Your best bet is to put something down, but if that isn't possible, you will still have some options available to you. Feel free to give me a ring if you have any...

I'm looking for a loan on an approved condo with 10% or less down. This will be a vacation home about 300 miles away from our per
As long as this condo is truly a warrantable condo (meets all of Fannie and Freddie's guidelines), then you should be ok to purchase this as a 2nd home. However (and this is a HUGE however) if you put less than 25% down you will be required to do a FULL condo certification that is very detailed and if there is...

i was told i could get a refi rate for 2.4%
Well this isn't necessarily a scam, but want you to believe this is a fixed rate, when it is in fact a variable rate. Fixed rates are in the 4's at this point. So the short answer is NO, you aren't refinancing to a 30 year fixed rate at 2.4%. If you have any questions just let me know if I can help.

Looking for a VA approved lender
I have been a VA lender in Utah for 18 years. I would be happy to help answer any questions that you may have. Feel free to contact me at any time.Jason 801758-9962

There has been an add on the internet if you are over 62, you can do an reverese mortgage with $45,000down and can get a home for $220,000.Do you know if that is your company or who's it is?
I am in the Salt Lake City area and just funded a reverse mortgage for a great client today. I would be happy to look at your scenario and see what options you have. Feel free to check out my profile and email and/or call me. I look forward to talking with you.

can i apply for a mortgage 4 years after a foreclosure?
Of course you can apply, but you would be limited as to your options. Conventional loans would require more time after a foreclosure, but FHA loans only require you be 3 years removed from a foreclosure. That is your best bet if you are looking to purchase now based on your situation.

bad credit
Most lenders will require a minimum middle credit score of 640, especially for standard rates. Some lenders can do FHA loans down to 580 or even lower, but they will require 10% down at least. Conventional loans have no lending options for lower credit scores.

i want to pursue a lease-to-own..do i need prequalification?
If you are looking to do a lease purchase option, there are a lot of things you need to take into consideration. There are many possible ways to structure the lease option and you want to make sure you can but out the lease option when that time comes. You also want to determine how much of your lease (if any)...

are there loan options for persons with disabilities?
There aren't any specific loan options for people with disabilities. If you get disability income that is permanent, you can use that, as well as social security or other types of income like that. I am in SLC, so let me know if you have any additional questions or what exactly you are trying to do.