Is it possible for a US Citizen living overseas to refinance an investment property in the United States under HARP 2.0?
Some lenders do have the ability to use credit references from foreign countries to achieve the required number of seasoned credit references, if a non-U.S. citizen borrower does not have enough tradeline references in the United States to satisfy requirements. However, it is best to have a thorough...

Is it a good idea to renovate before selling or simply sell as is?
This is a question that would be better answered by your Realtor. The largest cost of selling your home is TIME. The amount of time you take to sell your home can cost you tens of thousands of dollars depending on your market and whether or not you have already purchased a new home. If you are looking to...

Is it possible to have 2 FHA loans or do I need to refinance to a different loan type?
Your situation will dictate whether or not you can qualify for a second FHA Mortgage. Two most common reasons for someone qualifying for a second FHA Mortgage are 1. Job transfer or relocation more than a typical driving difference from their current home, usually 50 miles or more. 2. Family has out grown...

My loan was just locked at 3.65 but I see rates are getting lower. What can I do?
Are you certain your loan is locked? I would talk to your current lender to see. A number of lenders are not locking loans as soon as they used to. Saving .125% in rate may not be worth the additional time or cost needed to reprocess with another lender. Per BankRate.com average rate is just 3.59% and this...

old bankruptcy, charge offs, collections, unpaid old debts on credit reports advice for a loan.
Your Bankruptcy is now near 10 years old and most of the accounts affected by it should start to fall off of your credit report. However, since your Bankruptcy, it appears you have had additional credit problems. Many lenders frown on any poor credit performance after a bankruptcy. You will need to work...

is the interest rate the same for a double wide mobile home and a traditional built home?
In mortgage lending rates are decided using a number of variables. Credit score, Loan to Value, type of home, use of home are just some of the factors that need to be considered. It seems that your situation has your sister buying a new home and having it placed on land. You did not state whether or not there...

US expats living in Australia looking to buy investment property in US
Contact a lender in the state you plan on purchasing in. If you do not have enough acceptable credit history on a U.S. Credit report, there are lenders that will suplement with additional foreign credit history. Your income will also have to be calculated to represent U.S. Dollars. With acceptable credit...

Can I get a mortgage that is more than the purchase price of the home to withdraw cash?
No you may not get a mortgage that is more than a purchase price to withdraw Cash. As others have mentioned you have the option of the FHA 203k Home improvement loan, or the USDA Rural Development loan should you live in an acceptable rural area. This loan would allow you to purchase a home with no money down...

Looking for a 30 year fixed refinance on a rental property with 80-85%.
If you are looking to refinance using a conventional program on an investment property you must have a 75% LTV. At 75% you should be able to find a sub 4% rate.

Is there no longer a way to remove FHA PMI from a 30-year FRM?
FHA PMI is normally removed from a FHA Loan originated prior to 04/01/2013 after its 5 year mandatory period and/or when the principle balance has been paid down below 78% of the homes original appraised value. However, a number of lenders have claimed declining markets/unfavorable market...

I own home and have bad credit can i refi under new laws ?
Even if you have bad credit now is the time to act. The HARP2 program allows borrowers with less than stellar credit to refinance at Loan to Values above 100%. There is also the FHA Streamline and USDA RD Pilot Program, depending on what type of loan you have currently. Even if you do not qualify today, you...

I was told that if u already had an FHA Loan, that u could keep the rate,your mortgage Insurance was now
Any mortgage originated with a case number assigned after 04/01/2013 will fall under the new mortgage insurance rules. EXCEPT for streamline refinance transactions that refinance existing FHA loans that were endorsed on or before May 31, 2009. As of June 3,2013 loans with LTV greater than 90% the MI...

OK Mortgage Ins. I pay now $108.00 per mt. I want to refinance and i was told i'd have to pay the
If your are being told you need to pay the new higher FHA MI, it is because your loan closed in May 2009, but it was not endorsed by FHA until after 05/31/2009. If you have been in your home since 2009 you may qualify for a better MI rate with a conventional loan. With a Fico Score of 680+ many lenders can...

Am I disqualifed if I was late on home equity in the last 6 months but not my 1st mortgage?
If you are trying to refinance or purchase, your loan officer should still run findings on your new loan. All lending programs allow for at least on 30 day late in the last 12 months of mortgage history. If all of your other credit items are in order and you have an acceptable score with additional cash...

what are chances of getting a home loan 3 months before the full two years from a discharge bankru
You will need to wait the full two years from the discharge of the Bankruptcy, and maybe even three in some cases. Lender do not waver from this, and to be approved two years after the discharge you will have to use an FHA Mortgage. There is verbiage in the guidelines that talks of bankruptcy caused by...

Are streamline FHA refinances possible on investment properties or only owner occupied residences?
Yes, FHA Streamline refinances do allow investment properties. Call your local lender411 mortgage professional

Are there any drawbacks to using a Roth IRA account to fund a downpayment?
Money is cheap and investments are growing. Provide you have good credit and your job is stable, I would leave as much invested as possible.

Divorce and a mortgage, what are my options?
This should be addressed in your divorce, as to who is responsible for the mortgage. If your wife wants the home and can afford it, you will want your attorney to make sure she must refinance your name of the mortgage. Depending on the value of the home and your ex wife's credit an FHA, Conventional or...

If homeownership is decreasing, how is it that the U.S. housing inventory is shrinking?
In Michigan the problem is that there are fewer foreclosures hitting the market and homeowners are still hesitiant to list there homes for sale. this ombined with the lack of new homes being built has created a low inventory. While these factors are what's happening in Michigan, I believe they...

HARP Refi...problem with AUS and need some help
Your best bet to combine your initial purchase second with your initial purchase first is to go to the lender that currently holds both mortgages. Other wise you will only be refinancing the first through the HARP2 guidelines with another lender.