I have a home current value $850000 with a first at $231000 4% interest and a home equity loan at 289000 can I combine them
You certainly can refinance and combine your 2 mortgage and have one low monthly payment.So your 2 loans total approximately $520,000. Your home value is 850k.Your loan to value is then 61%-you're in good shape.With good credit and verifiable income you should be able to refi into a great rate with no...

My home is paid for but i'm trying to borrow money against it but i've only been discharged from bankruptcy for 1 1/2 years.
Hello my friend!. Have you found adequate financing? You do have options!Don't hesitate to call with you questions. I will assist you in any way that I can. No obligation.Mel S.BakerNMLS 680541(310)985-9778.

looking for construction loans
So they are keeping one or more properties, buying another for 505K that they will need a construction loan on? More info is needed!!!Feel free to give me a call regarding the options available to you. NO OBLIGATION. If decide to work together I will offer you the absolutely lowest cost scenario...

is there an age limit to apply for a mortgage loan?
No my friend. Banks want to lend,lend,lend! A long as you have an attractive credit score, an acceptable form of income AND....you can sign the loan docs you are good! Feel free to give me a call regarding the options available to you. NO OBLIGATION. If decide to work together I will offer you the absolutely...

Hi, does FHA have any guidelines in regards to location of home backing to a cemetery? thank you, Jan O'Flynn 530-677-3726
As long as it is not IN the cemetery you'll have no problems. Feel free to give me a call regarding the options available to you. NO OBLIGATION. If decide to work together I will offer you the absolutely lowest cost scenario possible.Mel S.BakerArcstone Financial(310) 985-9778 NMLS 80541

hi im Jennifer Beyer and would like a proof of income letter,can I print out one on the computer here?
Jennifer,typically banks require pay stubs,w2s and tax returns. They are loan products for borrower who are ,say, self employed using deposits into the borrowers bank account as income AND even stated income products are available for investment properties. This is the upside the own side,if you...

I filed chapter 7 bankruptcy in 2018...
You do have a few options depending on the loan amount, loan to value, credit score and income. They are many new non-bank programs available that may work for you.If I were you I would call n independent mortgage broker and not a bank to discuss options.

Is an appraisal required to do a refinance?
Yes of course my Texas friend...unless you want to secure a private (hard money) loan; then maybe you can pay for an appraisal.Here's the upside0get the loan approval first. This way you;ll feel more comfortable paying the appraisal.Hook 'em horns.Feel free to give me a call regarding the options...

Refinance with a 630 credit score
You do have options my friend! Get with a great mortgage professional to discuss options.Feel free to give me a call regarding the options available to you. NO OBLIGATION. If decide to work together I will offer you the absolutely lowest cost scenario possible.Mel S.BakerArcstone Financial(310)...

volition of my confidential info
William is correct! t is likely that the credit reporting company, not the broker,who sold your information. Cant live with them,cant live /o 'em!Feel free to give me a call regarding the options available to you. NO OBLIGATION. If decide to work together I will offer you the absolutely lowest cost...

I have a co-signer, but does not live in the home with me.
So..federal statute regarding the interest deduction is exclusive to the primary mortgagor. The person in this case who will be living in the property. Now, if the cosigner will remain on title he/she/they may have the opportunity to take deductions as an investor. Be sure to consult a CPA.Feel free to...

Credit General Question.
The best thing to do with speak with length with a qualified mortgage pro. I encourage you to do this ASAP. An average pro is not going to be very helpful however a great one will be able to help you navigate the maze that of credit, product options,etc. Go to work my friend!

Need a HELOC on my townhouse.
William is absolutely correct about HELOCs though there are options for you right now depending on credit score, loan to value,type of property and occupancy. Feel free to give me a call regarding the options available to you. NO OBLIGATION. If decide to work together I will offer you the absolutely...

What is the minimum amount down for jumbo mortgage loan in Malibu, CA?
Dan is absolutely correct. What is going to be important is understanding the loan product you qualify for-conforming, high balance or portfolio. Start with understanding your qualification.Feel free to call. No obligation. If you decide we should work together I will offer your the lowest cost loan...

Brokers or Lenders - Looking for Investment Prop MTG
Hello investor,Congrats! You have a couple of option- a construction loan or loans or a construction to permanent loans; the latter being a products converts to a fixed rate loan once the rebuild is completed. Assuming the lots are not adjoined you will likely need to take out seperate loans. Once you...

I am 96 years old , and own my home free and clear, can I quilfy for a home equity loan
Yes you can. Bank are not concern with age as much as they are income, property type and value and credit.Good luck!

When rates are lower is it easier to get approved for a mortgage?
Do may have options. Your score,income,reserves,type of property and type of occupancy of the property are going to determine the best course of action. Lower rate really only improve the borrower's debt-to-income ratio but many other requirement are the same as they've been for the past few years...

What about being in chapter 13 for more than a year
William is correct!1) you have options!2) the rate and terms are not going to be the best.3) Thinking of the loan as a short-term options that you have refinance out of in a few years is your best way to proceed. If I can be of further assistance please do not hesitate to call, email or even text.Mel S...

mortgages with an LTV of 100%
Tom is absolutely correct. Be sure to get pre underwritten with a lender and not pre-approved with a lender. The former means that an underwritten as reviewed your complete file while the latter means your loan officer has completed cursory review.With an underwriting approval it is less likely that...

Looking for a sample letter to our mortgage lender regarding amortization and how we may pay off the loan quickly
It's a good move to consider paying off your mortgage early. There are easy-to-find calculators online that are great tools for this purpose. Just google phrases like 'Amortization Schedule' or something similar and you will be off to the races. Good luck!