Effect of change of employee
If you are changing to the same field of work, same pay structure, most lenders will allow you to close once you have a paystub with 30days of year-to-date income on it. If you are changing from salary to commission or to self-employed that is a different case and would most likely need two years of tax...

Can I get a residential mortgage rate on commercial property used only for primary residence?
If the property is zoned commercial then you will not be able to get a residential mortgage on the property. You would have to talk to a local bank with a commercial division to see if they can do it for you but expect that if they can do it they will probably want 20-30% down payment. If you have any other...

Should I pay off my loan early?
Hi Michael: I would suggest that you speak to both your accountant/tax professional & with your financial planner on what is best for your whole situation. It would be hard for an outside person to answer this as we are not aware of your whole financial picture and what plans you have for the future,...

what is considered past due for a verification of mortgage?
Hello, 30 days past the due date is considered late for a verifiction of mortgage & then will also reflect on your credit report. Please feel free to contact me directly as I am a local lender - Office in Oconomowoc & live in Watertown!!! Sincerely, Mandy Fritsche, Prospect Mortgage, Mortgage Loan...

is 620 acceptable for an fha loan?
Prospect Mortgage is able to consider financing a home down to a 580 middle credit score. Please go to our website to find a local Prospect Loan Officer in your area. www.myprospectmortgage.com then enter your zip code. Sincerely, Mandy Fritsche, Prospect Mortgage, Mortgage Loan Officer, NMLS#...

Looking to buy in Wisconsin, my score is 615 and my wife's is 640.
We are able to consider financing a home down to a 580 middle credit score. Please contact me if you would like to discuss your situation further. Sincerely, Mandy Fritsche, Prospect Mortgage, Mortgage Loan Officer NMLS# 557211, Licensed in the state of Wisconsin262-327-5700 Cell, 877-868-9198...

626 and 640 Milwaukee 1st Home
We are able to consider financing a home down to a 580 middle credit score. Please contact me if you would like to discuss your situation further. Sincerely, Mandy Fritsche, Prospect Mortgage, Mortgage Loan Officer, NMLS# 557211I am able to originate in WI262-327-5700 Cell, 877-868-9198 Fax, mandy...

could i qualify with a 640 fico for fha
Ollie, Did you purchase a home yet? We are able to consider financing a home down to a 580 middle credit score. And 1 year our of Bankruptcy & Foreclosure under the certain circumstances. Please contact me if you would like to discuss your situation further. Sincerely, Mandy Fritsche, Prospect...

could i go zero down for VA with a 620 credit score?>
We are able to consider financing a home down to a 580 middle credit score. Please contact me if you would like to discuss your situation further. Sincerely, Mandy Fritsche, Prospect Mortgage, Mortgage Loan Officer, NMLS# 557211I am able to originate in WI262-327-5700 Cell, 877-868-9198 Fax, mandy...

Mortgage cosigner rights on the house?
Call me to discuss your work history as the mortgage company you are working with may have stricter guidelines on job time then another company! Co-signing, co-applicant, non-occupant co-borrower basically equal the same thing they are just as liable for the house/mortgage as you are. Thank...

Need to lower my mortgage payment
A refinance sounds like something you should be looking into. Please contact me if you would like to discuss your situation further. Sincerely, Mandy Fritsche, Prospect Mortgage, Mortgage Loan Officer, NMLS# 557211I am able to originate in WI262-327-5700 Cell, 877-868-9198 Fax, mandy...

Getting a Mortgage while having legal trouble
As long as you qualify for a conventional mortgage and your wife is not named in the law suit you will likely be able to accomplish this. The key would be not use any assets that could be lost through the law suit.Sincerely, Mandy Fritsche, Prospect Mortgage, Mortgage Loan Officer, NMLS# 557211I am able...

Does fannie mae have a cashout refi loan program
Yes, you are able to do a Cash-Out Refinance up to 80% of the homes appraised value! If you would like to discuss your personal situation in more detail please contact me. Sincerely, Mandy Fritsche, Prospect Mortgage, Mortgage Loan Officer, NMLS# 557211262-327-5700 Cell, 877-868-9198 Fax, mandy...

can I get a fha construction loan?
Do you need an actual construction loan? End loan after construction? or Renovation loan? Contact me to discuss your options! Sincerely, Mandy Fritsche, Prospect Mortgage, Mortgage Loan Officer, NMLS# 557211262-327-5700 Cell, 877-868-9198 Fax, mandy.fritsche@prospectmtg.comwww...

Can i get another mortgage to buy a income property?
Yes, this is always an options with a down payment & reserve money. Contact me to discuss your situation in detail. Sincerely, Mandy Fritsche, Prospect Mortgage, Mortgage Loan Officer, NMLS# 557211I am licensed to lend in WI.262-327-5700 Cell, 877-868-9198 Fax, mandy.fritsche@prospectmtg.comwww...

how does a cosigner affect a mortgage downpayment
It depends on what type of loan you are doing and what type of property you want to purchase. Example: FHA loan on a 2 unit property would need 15% down payment with a co-signer but only 3.5% down paymnet on a single family home with a co-signer. There are conventional co-sign options as well with loan down...

Can you buy a foreclosure by getting a loan? Or do you have to pay cash?
Purchasing a foreclosure home is no different than a regular home. Where most issues arise is the condition of the home. We are able to do conventional, fha & renovation loans depending on what the condition of the home is we have the right loan for you. Please contact me if you would like to discuss your...

Are there renovation loans available as a VA option? Looking to spend about 40-50K on upgrading a property.
Hi Gretchen, Yes, there is a VA renovation loan option and I am able to originate them. My team and I close on average 3 renovation loans per month! Please contact me directly so we can go over your financing needs. Thanks, Mandy Fritsche - NMLS 557211 - Team WawrzyniakiMortgage - Wisconsin262-327-5700...