Can you get a refinance mortgage loan with no up front money and bad credit
The answer to your question is Yes, depending upon how bad the credit is and what credit you think is bad.Pat McCarthy866-901-3576

Any advice is appreciated
I would love to get you the information you need. There are too many variables that need discussed to get you the information you need to make your decision. Please feel free to call on me. Thank you for your time.Respectfully,Patrick McCarthyMortgage Relationship OfficerNorthpointe Bank555 Metro...

Divorce and A Time Share
I concur with the answer below. There are several companies out there that can help you liquidate your timeshare. I believe you can post a classified ad on several sites such as WCI and other time share company websites. You definitely want to list it on Craigslist and Backpage.Patrick...

Refinancing with a tax credit.
The tax credit you received was incentive to purchase a home. There is no penalty to refinance the current loan you have. I wouldn't wait any longer, as interest rates are on the rise. Feel free to call on me for any additional help you would need.Respectfully,Patrick McCarthyNorthpointe...

Refinancing With Two Homes? Bank Says Take a Hike!
Is it possible the 2 homes are on the same parcel? IF so, then it will be more difficult. Otherwise, you should be able to refinance them both at a significant savings. I am currently working with 3 clients that are refinancing more than 1 property and as long as you qualify with 6 mos payments in reserve for...

refinance or pay down ?
You should be able to lower your interest rate by at least 1% and shorten the term another 6 years. If you could lower your rate and term with minimal or NO COSTS, you should seriously take a look at it. I am currently working with a couple tht is lowering their rate by only 1/2% and lowering the term by 3 years...

Is this site nation wide? need a refinance in texas
Hi.I am able to facilitate loans in Austin, Tx. Have you ever taken cash out on a refinance of this property before? By the way, my pricing for a 30 year fixed FHA loan is 4.625% today and that is also with no points. I look forward to talking to you soon.Patrick McCarthyNorthpointe Bank866-901-3576

Purchasing a Home for Investment
Hi Jim. It is great that you are taking the time to research this information before you 'jump in'. Many times I see folks make an offer to buy property without researching first, only to be hugely disappointed in the end. There are several things you need to be aware of.Having a family member...

What are my options if I have 90% or so LTV? Can I refinance at all? I ahve good credit.
Hi. 90% Loan to Value is very doable, provided 'good credit' means your middle credit score is over 640 and you have no mortgage lated in past 12 months. FHA loans with 25 and 30 year fixed terms are at approx 4.625%-4.875% depending upon loan size and actual credit scores. 20 year fixed rate loans...

Buying a home while single vs being married
Hi. There are no loan qualifying differences if you are married or single.The tax questions are better suited for an income tax professional. I will say this. I am married and my wife and I have filed both jointly and separately in past years, depending upon which situation provides the lowest tax...

Homes still a good investment?
Interest rates are lower now than you will see them in the future. The amount of interest can play an important role in the actual 'cost' of owning a home. If you buy the home right, you should see a good investment. Renting is literally just throwing money away. Even if property values dip a...

Is 15 year fixed payments usually bigger than 30 year fixed?
15 year rates are generally lower than 30 year rates. The interest is calculated on the daily balance of your loan. A 15 year loan will apply more money to the principal, thus creating less interest due each month. More of each following monthly payment is then applied to principal and pays the loan off...

Refinance with 76% LTV, can this be done?
There are several options available at that LTV, however, there are other factors that are considered when approving a loan such as your middle credit score(s) and payment history, any judgments, collections or outstanding liens and income. Please feel to call on me. With over 15 years lending...

what is the policy of the first home buyer in Nashville, TN
Hi Joshua. I am able to facilitate first time home buyer loans in your area. Depending upon whether you have downpayment money or not may dictate the financing you would need. There are loans that require no downpayment, such as VA (If you are a veteran) and USDA for specific governement designated areas....

Jumbo loan in Idaho
Hi. There is alot more to look at than the county. If the land is over 20 acres, you may need a specific type of loan that allows this. If the land is being used for any type of farming, you would ned a specific type of loan for that, as well. The loan limits are based by county and the info below is accurate. There are...

good credit and debt to income, but rejected because i can't verify bank deposits
Hi Most deposits can be documented. We require that any 'unusual' deposits need addressed in a letter of explanation (LOX). If they are a gift, then they should be able to be documented. If you are buying a home, see if the seller will allow you to rent-to-own until you have the 60 days bank...

cash out refinance on inherited property
HelloThe waiting period depends upon several things. Since this is an inherited property, if you lived in it or are occupying it now as your primary residence, you should be able to cash out up to 70% of appraised value with little trouble.If this is not your primary residence, you will probably have to...

Refinance help needed in Orange, CA
What is the LTV? You can go up to 97% LTV to consolidate the 2nd on a 5/1 ARM, but you would sacrifice the Int only option. That could be better than not getting the 2nd paid off at all.Hope this helps.Patrick McCarthyNorthpointe Bank866-901-3576

do husband and wife both have to be on the mortgage?
Hi. Whether you both have to be on the loan and title is specific to the lender and what state you are in. If you are in a community property state, you will be required to use both of your debts and credit to qualify. There is no problem with the money being in his account. He should be able to write a letter of...

When is the best time to lock ?
Your risk tolerance is definitely the driving force as to whether youshould lock now or not. Since Monday, rates have risen approx .125% (1/8%). The stock and bond market are looking favorable at this time, which ususally means rates will not decrease. If anything, they will increase. I have access to...