Wish to transfer home into my Son's name
The best option is to get his scores up and have him do a purchase. You can gift him the down payment or do gift of equity. If he has enough income he would be able to do it on his own if not you can co-sign for him. We specialize in loans with low FICO so he can go as low as 580 and we can underwrite it in house. I can help...

How much does a "cash-out" effect your refinance rate?
Altough there are several factors involved, .5% seems a bit high. The general rule is that the better your score the less it will cost you on most programs. If you would like to call me I can give you a better idea on how much it should be. My number is 480-788-7607 or email me at peter@LoanDoctors.usPeter T

former Marine with low credit score but 25,000 down payment
John, You dont need to wait until Christmas to qualify. The longest it should take to fix your credit is 3 months. There are many ways you can get your score up. About 70% of my business revolves around people with very low Fico scores. We are called "The LoanDcotors" due to the fact that we know how...

1 Year worth of W-2
Sounds like you should be fine. There are several other factors that need to be determined before we know for sure. We would need to know what other debts you have. Who is on the deed of the house you purchased with your grandma and who lives in the house currently. Please call me at 480-788-7607 and I will know...

If we refi now, and rates drop further, is it reasonable to ask our morttgage broker to do another refi at no cost?
This depends on the loan amount and how much the rates drop. If you have a $500k loan amount it is much easier to do a no cost loan as opposed to a $100k loan. You also cant expect him to do a no cost refinance every time the rates drop by .25%. It also depends on whether you have a FHA or Conventional loan. FHA will...

First time home buyer with W-2 question
Marla,This is a easy fix. I do a lot of loans with this scenario. Not having credit is much better than bad credit. I can qualify you and your husband by using alternative credit. Alternative credit is anything that you have been paying on for the last 12 months that does not report to your credit such as car...

USDA Loan
I can go as low as 620 as long as you dont have any unpaid collection accounts. I should be able to do that for you. Please call me at 480-788-7607 and I would be able to give you a answer right away.......Peter

Is getting a mortgage after bankruptcy even possible in 2012?
Depending on which type of BK you had, it may be possible to get a loan right now. If you filed for Chapter 13, you can get a loan as soon as 1yr assuming you are making regular payments to the trustee. If you had a Chapter 7 you will be eligible as soon as 2yrs with FHA financing. My advise though is to get yourself...

I'm buying a vacation home in Tahoe, do I have to put 30 percent down since I am not a first time homebuyer?
You can put down as little as 10% down if this is a second home. It doesnt matter if your a first time homebuyer or not.

VA Loan in Arizona with 700 FICO score
Give me a call at 480-788-7607. I can help you with that.Peter Torneanu