First time home buyer with W-2 question
The question should be who is going to make the monthly mortgage payment and do they have the ability to repay the loan? If you make $5,000 per year you can afford a monthly payment of $137.50 per month. Your husband does not have any credit? He needs to establish some credit and then relook at qualifying...

the interest rate has dropped since the lock-in. The prevailing rates will apply?
No! Your lender will have to relock or extend the loan. Most rate locks extend the lock based on the following: You will be relocked at the higher of either the rate you locked at or the current prevailing interest rate. Some banks may extend the current rate for a fee. Unless you purchased a float down...

VA Loans
The surviving spouse of an eligible veteran who dies as a result of service connected injuries may be eligible for a VA loan providing the spouse has not remarried. Also the spouse of an active duty service member who is missing in action (MIA) or is a prison of war (POW) may be eligible.John Schlobohm

lender interest rates
There are lots of options regarding pricing a loan. I would suggest you ask the lender to explain how APR and interest rates work.

appraisal refund
If the appraisal was completed and you received a copy then work has been performed the appraisal company completed the work order.I doubt your appraisal fee will be refunded. Check you disclosures! Sometimes the bank will give you a certificate or voucher for a discount on your next transaction....

bankruptcy down payment
Down payment and waiting period have no bearing. The waiting period is product/investor specific. No expections. Once you have satisfied the waiting period the large down payment will be an underwriting compensating factor. John Schlobohm Mortgage Planning Specialist 914-433-4646...

fha pmi
FHA DOES NOT HAVE PMI INSURANCE IT HAS MIP INSURANCE. ALL LOANS REQUIRE THE INSURANCE FOR AT LEAST 5 YEARS.MAYBE ELIMINATED AFTER 5 YEARS AT 78% LTV. MIP INSURANCE IS TAX DEDUCT. JOHN SCHLOBOHM 914-433-4646

refinancing
Yes we do refinances! Luxury service John Schlobohm, Mortgage Planning Specialist 914-433-4646

What are the risks of paying off a mortgage with a home equity loan?
Enter your answer here

I need a conventional loan 2 years after chapter 7 since f
The question is: Have you re-established your credit? Conventioanl - is 2 years from discharge with acceptable extenuating circumstances,FHA: 2 years from date of discharge with re-established credit paid as agreed or no new credit obligations incurred, VA 2 years from date of discharge, USDA 1...

Foreclosure and bankruptcy 2 years ago...am I eligible for financing now?
Conventional /Conforming 3 YearsFHA Less than 2 years, but not less than 12 months from date of foreclosure completed and transferred back to bank may be acceptable if the result of extenuating circumstances ( serious illness or death of a wage earner. Divorce and the inability to sell a property due...

Will alimony be considered in my loan application?
Yes and you must evidence of on time payment

Would DTI cancel out low credit?
Let's get started on improving your cashflow! What are you waiting for? John Schlobohm 914-433-4646

between the two is DTI or credit weighed heavier?
One of the most important indicators in determining how a loan will perform is credit quality. Credit demonstrates a willingness that the borrower pays their obligations as agreed and proves their ability to manage their finances over time and under various circumstances. Debt to income measures...

I rented my house for 11 months. Now I moved back in it. I would like to refinance but my banker wants to give me an investment property rate.
The borrower has to be on title and residing in the property for at least 12 months. Continuity of obligation rules apply.John Schlobohm jschlobohm@luxurymortgage.com 914-433-4646

Help
John Schlobohm Certified Mortgage Planner National Mortgage Banker & BrokerI have the major banks, credit unions, etc. jschlobohm@luxurymortgage.comCell 914-433-4646 NMLS19849 www.luxurynmortgage.com Call for a quick analysis.

is it possible to do a conventional loan for a condo at 95% LTV?
Your choice Fannie Mae, FHA, VA assuming the condo is qualified.John Schlobohm Mortgage Planning Specialist 914-433-4646

My name is Mrs Lucy smith, i am from California USA, married, i have been searching for a genuine loan company for the past 3 year
So how do you define a genuine loan company?