Why will the VA loans not work on manufactured housing?
It is not necessarily that VA will not insure or guarantee a manufactured home, rather it is whether or not a Lending institution will be willing to lend on a manufactured property. There are several lenders who are still lending on manufactured homes which are insured by FHA (HUD) or in some cases VA...

Relocating Need a a Loan
If you can dont short sale the house, rather rent it out and see if you can cover, the mortgage and so forth. This way your credit wont get affected and you will have a better chance of being able to qualify for a new home. The home in AZ could be an investment property if you do not anticipate living in there....

Can My Wife Refinance?
There are several Investors who may consider adding your wife to title and keeping both of you on the loan in order to make it work. And you would not have to wait 6 months. If you like give us a call at 877-834-3340 and we would be more than glad to assist you with more information.

What are hard and soft mortgage payments?
To explain hard vs. soft prepayment penalty on a mortgage loan, imagine that you sign a home loan and you have a prepay penalty clause of 4-month interest due if you sell the property within three years, or if you refinance. That will be a hard penalty.A soft penalty is when you are penalized only if you...

for rapid rescore, do you have to pay off the complete balace of the credit card
Typically it is best to have CC Balances below a 33% percent Debt to Limit Ratio. Meaning that if you have a credit card limit of 3300, do not exceed 1100 balance on that card. Up to this point there should not really be any negative credit reporting. As to which amount of balances should be paid of, it is best...

2 mortgages, 1 payment?
In order to consolidate your two mortgages into one, the first aspect to look into is the Loan to value ratio. Meaning the amount of debt being consolidated vs the value of the house. EG) I owe 5 dollars on one loan and 2 dollars on another loan. My house is worth 10 dollars, this leaves me with a 70 percent loan...

Getting the Loan Back In MY name.
In order to be able to answer this question, there are many factors which would need to be addressed. However, one thing for sure is that in order to get the mortgage back into yours and your husbands name, you would have to qualify for a loan. Feel free to give us a call and we will be glad to answer any...

401K To Pay off my mortgage?
IT is possible to pay of your mortgage using your 401K, however there may be penalties and a loss of tax benefits as a result of using the 401K. I highly advise and encourage that you consult with your accountant or financial planner to help you and guide you in taking the proper steps, so that you would not...

are refinance rates going back up now?
There is no exact time as to when someone should or should not refinance if you are rate conscious. Rates fluctuate on a daily basis and will go up or down depending on many factors. However, over the past couple of months Interest Rates have been steady and low even though there has been some minor ups and...

Can you get a refinance mortgage loan with no up front money and bad credit
In order to be able to refinance several factors will be taken into consideration. As Patrick mentioned Credit is one of them, however Income, job stability and duration of job along with the equity in home are also important factors as well. Regarding tax payments most lenders encourage that the...

Curious about a refi
Dwight answered the question very well. The market changes daily and rates will fluctuate, however the rates have been constant over the past couple of months. The way to determine whether that is a good rate or not will depend on how many points the lender quoted your mother would be charged as well as to...

Can we get a mortgage with 600 credit score?
Some lenders do lend to borrowers with credit scores at the 600 level. However it is likely that they would be underwriting per FHA guidelines which permits these types of loans. Your best bet would be to contact a FHA approved lender who would be able to assist you in this matter. So to answer your question...

I have a 30 year FHA loan for 185000 at 5.5%.
Jenny, many people who have FHA loans are currently taking advantage of the lower rates out there, with the FHA stream line loan. With the FHA streamline loan, there are many advantages such as being able to lower the interest rate, which will in turn save you money every month. One of the benefits of...

Loan Modification
If you have an FHA loan you should contact a lender who will look into doing a stream line refinance in the state you live in. You should look into possibly contacting the lender who currently holds your mortgage and see if they will offer you a streamline refinance as opposed to getting a loan...

Ex Girlfriends!
You would have to refinance and qualify on your own. However Keep in mind, just because you were to refinance her out of the loan, it does not necessarily mean she would not have any interest in the house. If She is on the title. Just because a person is not on the loan, it doesn't mean they can not own a...

Any advice on how to raise a credit score?
There are several different ways of raising a credit score. As Addenie answered below, one way would be to pay all the debts down to a 30% debt to limit ratio. Another way would be do what is called a credit analyzation and see which debt would need to be paid off if any to be able to increase the mid score,...

Divorce and A Time Share
This is a question that an attorney should be able to answer.

Refinancing with a tax credit.
Mery, you should definitely look into refinancing if a lower rate would be attainable for you. We are a local in Tarzana Ca, and would love to be able to help you with any questions that you may have. Feel free to give us a call so that we can go discuss some different loan options for you. We can be reached at...

I need a home loan
Feel Free to give us a call or send us an email. We are local in CA and we work with individuals who have less than perfect credit all the time and guide them on how to go about increasing their credit. We would either refer you to someone who our company trust and has worked with on several ocassions when it...

Can anyone direct me to a lending institution that will lend on a home mortgage with a non-occupant co-signer?...My daughter would like to purchase a home and has saved some money but lives in an area where homes are costly. I know we can qualify for an FHA loan but I just don't like the fact that if we put 25-30% down we still need to pay mortgage insurance. Thank you
John, yes this is possible. I have just recently closed a loan for a client who was in a similair situation and I was able to get this type of loan done with a non-occupant co borrower such as a father for a purchase loan, while taking a NON FHA route. Feel free to give me a call 877-834-3340 and ask for Joseph or...