Here is my question: would like to refinance my conventional 1st along with my HELOC which would be about 110% LTV. Credit score as of 11/7/11, is 800. Looking for 10 yr fixed to shorten my loans and lower my rates. Our 1st is a Fannie Mae and my husband is a military veteran Thanks!
Thank you for contacting me. To my knowledge there are no programs currently available for 110% financing. This would be considered a cash out refinance, as you would be paying off your HELOC. If you had more equity another option would be to refinance your first mortgage and subordinate the second. You...

Refinancing after 5 years into a 30 year FRM
Rates vary amongst lenders and range from 3.875% to 4.25%. We also offer the 5/1 ARM at 3% and the 7/1 ARM at 3.375%. To keep your loan to value at 80% and avoid mortgage insurance, which is a monthy payment added to payment you could consider taking out a small equity line for the difference in what you owe. I will...

I have a property that is paid off and I would like to take a loan against it.
If you are looking for a 15, 20 or 30 Year Fixed Rate Mortgage I can accomodate that size loan amount. I can take your information and get you pre-approved over the phone and we can do everything via email, fax and UPS. If you are looking for a line of credit I would suggest going through your bank or a credit...

New home mortgage rates
Based on the information you provided with 20% down on a $235K purchse price your principal and payment will $884.05 on a 30 year fixed at 3.875%. I do mortgages in Florida and see you are in CO., however rates should not be much different there. Please feel free to call me if you are ever interested in...

Credit mid-scores good, but other issues.....
Carlyn,I am in the Tampa Bay area and we only require a 620 score to get pre-qualified for an FHA loan. I can take your application and work with you so that when your husband's score reaches 620 we can move forward. Please feel free to contact me at 727-518-7818 to discuss this further.Best...

Looking into a Harp loan in Florida. Origination fee seems high.
Good Morning,I am so glad you wrote in to me. We don't charge points on our HARP loans. I can assure you that our costs will be much less. I would be glad to give you a 2nd opinion at no cost to you. With 25 years doing mortgages the majority of my business is repeat and referrral. If you would like to discuss...

Is it true that I cannot obtain a loan for a home that the seller has owned for less than 90 days?
If you go conventional financing with 20% or more down and no PMI (private mortgagae insurance) is required than you can obtain financing. If you would like any additional information please feel free to call me at 727-518-7818. Best Regards, Linda Burek

If I filled chapter 13 can I refinance my home with you?
In Florida you have to be out the Chapter 13 for 2 years for a VA or FHA Loan and 4 Years for a Conventional loan. If you are doing a HARP (home affordable refinance) where you are upside in your home you are allowed to be in a Chapter 13. If you have any other questions please feel free to call me at 727-518-7818. ...

Should I finish paying off a loan now or later?
There are some things that need to be taken into considersation before you can make an educated decision. It depends on what your financial planning and ultimate goal is for the future. I would be glad to offer you some scenerios in writing and discuss this with you in more detail. I have been writing...

No charge for appraisals
Good Morning,Most all lenders charge for appraisals, however I have the ability to offer you a lender credit to cover the appraisal. I have been doing mortgages over 25 years and if you would like to discuss this further or if I can answer any questions please feel free to call me anytime at 727-460-9418. ...

do you need to show income for a harp loan
Yes, you must be able to prove your income for a harp loan.All the best,Linda BurekSr. Loan OfficerFirst Choice Mortgage

My home was included in bankruptcy because the bank said they do not reaffirm mortgages. It has been 3 years since the discharge d
Good Morning,To answer your question, the guidelines for FHA are once your bankruptcy has been discharged for 2 years and you have adequate credit score and re-established credit you are eligible for a mortgage with 3.5% down. As for a foreclosure, it must have been discharged 3 years. If you would like...

GSE owned mortgage or not?
Hello,You can go to the following websites. Hope this helps.www.freddiemac.com/mymortgagehttp://www.fanniemae.com/loanlookup/Best Regards,Linda BurekSr. Loan OfficerFirst Choice Mortgagelindab1stchoice@hotmail.com

Wife and I are getting a divorce and she might be unable to refinance in her name
Are you deeding the house to her? If so, she will need to qualify on her own, however FHA allows for a non-occupant co-borrorwer. If she knows of someone willing to do this she may be able to get a mortgage. She doesn't want to get in over head and take out a mortgage that she can't afford. I only loan...

is there any way i can get $30,000 home loan with credit score of 570?
Our miniumum credit score is 600 and many lenders won't do loan amounts under 40,000. Once your credit score improves you may be able to find someone that will finance you. Good luck to you. First Choice Mortgage, Linda Burek, NMLS #310096

is apr a good way to compare loan programs?
The best way to compare loan programs is based on the actual interest rate. You may want to get a couple good faith estimates, as that will show the closing costs, points, prepaids and monthly payment. All the best to you. First Choice Mortgage, Linda Burek, NMLS #310096.

Non Freddie Fannie help LTV too high
Unfortunately there are no other programs out there I am aware of. I would suggest calling BOA and see if they can modify your mortgage to a lower rate. Good luck to you. Linda Burek, First Choice Mortgage, 4755 East Bay Drive, Clearwater, FL 33764

I am looking to buy a house, score is 580, but improving no past due accounts or collections. I have a strong cosigner. Any Hope?
Yes, there is absolutely hope. There are things that can be done to improve your credit score. Some lenders offer credit expert, wherebyafter they have pulled your credit they will input how many points you are trying to improve your score by and it tells you what needs to be done in order to get to that...

Looking for a Portfolio Lender for a home we are looking to Purchase here in the greater Orlando FL. area
I would suggest waiting until your DIL is seasoned 3 years and going FHA. This would be from the date the lender took back the property. Hard money lenders charge high rates and fees and I know of no porfolio lender that will do this for you at this time. I lend in Florida and have been doing mortgages for many...

Further to vacation property question
Based on the information you provided you should be fine to purchase a 2nd home in Florida. If you would like me to pre-approve you for a mortgage please feel free to call me. My contact information is below. I lend in the entire State.Linda BurekFirst Choice MortgageVice...