commercial loan
Are you looking for a commercial lender or the definition of what would make a property fall into the commercial loan bucket verses a residential mortgage? There are properties that can qualify if they are mixed use and multi-unit properties up to 4 units provided owner occupied, there are...

Refi an apartment building loan
Hello Mr. Wein,I have put this question out with the limited information provided to get you at least an estimated answer to your question. A detailed interview would yeild more complete results but I know you are simply researching right now so I want to give you a starting point. By estimating this...

How long after a foreclosure can I apply for a new home mortgage?
Great job on getting you credit back on track. I am located just across the river in Newtown but live literally across the river in Fallsington. To answer your question of course it depends. Do not mean to be vague but the circumstances are everything. Here are some general guidelines: Minimum of tow years...

Question on 2nd Mortgage
Talk directly to the lender holding the second. If you are on time and under water they should be pretty happy with you as a customer. Simply asking never hurt anything. If you have a purchase money second (taken out at the time you bought the home) you could in theory refi through a relief program. LTV is...

Can i refinance and get a lower rate on mortgage+15k in cash to pay off credit cards?
FHA loan with a lender that has flexibility to maximize the program's understanding that things can get rough from time to time for families. I can not emphasize enough that timely payments are everything even when times get rough and it appears that you were able to keep up with them. 85% on a...

Can I get a mortgage after starting a new job?
Mr. Green,As you state your new job is in a completely different field of work and to answer your questions - most probably. You have advanced your self and your skill set by attending school and gaining a certificate/degree in your new line of work. This is a good thing! If your new employer will confirm...

Could I be approved for a mortgage?
My Name is Patrick Cashman (NMLS # 215938)Loan officer of 15 years and ready to answer all your questions. Please call me at my desk 215-968-0100. Newtown, Pa.

How much down to purchase a 2nd home?
Simply you have options as confirmed by all that have answered. When asking any question I would think you would want a complete answer that is specific to your situation and budgetary goals. I would recommend that you become pre-qualified directly with one of the respondent mortgage lenders myself...

home improvemt loan with little or no equity question
I specialize in the FHA 203K and it is the only affordable product available currently for your project. The two caveats that I would propose are the following: Your financing is capped at 110% of the after improved value and self help requires the proper licensing and typically only allows for...

On the mortgage, not on deed. We need to purchase?
Hello and good morning. Local banks are very useful and needed but what you need in this case is a mortgage specialist. As I know that you are just gathering information at this point I think it is important to talk to several professionals to arrive at your answer. I am a mortgage professional of 17 years...

Can we qualify for a mortgage in PA?
My answer to anyone looking to buy an affordable home is always yes. Maybe not at the moment but it can be achieved in the near future. I think you should seriously consider budget counseling and there several non-profits that can assist you. You have timely payments on a significant rental payment so...

FHA Refinancing
Yes to all your questions. The key is upfront MIP and monthly MI have increased since you financed thus potentially off setting the savings accomplished by lower your rate. Eliminating MI can currently only be accomplished by refinancing into a conventional mortgage at this point and if your new loan...

What are the min credit scores to obtain an FHA & Conv loan in PA after a chpt 7 bk
I have options but it has to make sense and explanations will be needed. I recommend that you speak with the brokers like myself that can offer options below the traditional 640 scores but also weigh the benefits of repairing your credit to enjoy the best rate that you can get. FHA is a very liberal program...

what is considered bad credit
Bad credit is like a bad hair cut. Time and if groomed properly you can turn it around. Even a Bankruptcy is viewed as a fresh start and is explicitely in our laws because everyone is entitled to a second chance. There are non-profit agencies that can help you understand and plan your budget which is the most...

can anyone refinance a mortgage that has a stick built home but also has a mobile home on property also
I have had outlet for financing manufactured homes (wheels off - foundation - no longer mobile, only home) either alone or with standard residencial construction. Comparables are needed in the area and restrictions apply. I you would like discuss further please do not hesitate to give me a call to...

I've been told that you can avoid pmi with a piggy-back loan. How does that work?
I have options for seconds and am located in Newtown, Pa. Call me at your convienence to discuss to find out if this will sevice your .