What is more important? Credit Score or Down Payment.
Both work together as everyone has mentioned. You should try to have a FICO above 640 for FHA/VA financing. Make sure you get a couple quotes to ensure your getting the best deal. Make sure you get fully qualified and approved for the loan amount, before seeing homes with a Realtor. Know your options. I lend...

I need To Maximize Cash Out on a current 85% ltv primary residence
You can do a High balance FHA loan Cashout refi to 85%. 80% to stay conventional. FHA has lower rates. I lend in all 50 States. Hope this helps. RC

Need quote for 15 year fixed
Would love to quote but lack of info. Alot of factors play into the refi. Get 3 solid quotes and call it a day. I lend in all 50 States. I have low rates and low fees. Hope this helps. RC

Can you get an ARM loan for a refinance?
Yes you can get an ARM. Are you looking for cashout or just a rate & term refi? It all depends on your situation. I lend in all 50 States. I offer low rates and low closing costs. Hope this helps. RC

Is a reverse mortgage safe?
You must speak with a professional so that you can have your questions answered. You must still qualify for the Mortgage but in a different way. Usually FICO doesn't matter. It does not affect Health Benefits. You must be over 62 and have equity in the home. You can take a lump sum or you can get a line of...

what is the policy of the first home buyer in Nashville, TN
Basically, you would start and find out what you can afford to purchase. Work down from there. Then we can find you a Realtor. Go into battle knowing what you are armed with. You must have 50% or less on your Debt To Income ratios to qualify. Financing up to 100% on VA (Vet) or USDA. FHA requires 3.5% down and can be a...

do husband and wife both have to be on the mortgage?
Yes he can gift the funds to you. You should also be able to qualify for the Mortgage your self, unless you add a co-borrower. FHA can get you in with 3.5%. What kind of down payment do you have to work with? I can inform you with options. I lend in all States. I have low rates and fees. Plus you can get the Realtor to...

I want to take out a refinance against my home, is cash out refinancing still available?
Yes cashout is available. Usually up to 80% loan to value conventional and 85% FHA. Certainly any rate is within reach. 4.7 as of today is not available unless you buy it down. Get 3 different quotes and call it a day. I lend in all 50 States and have very low costs. Hope this helps. RC

What's the lowest closing cost amount that's common?
Hello...There are 3 ways to pay for Closing Cost on a loan. In order of popularity: 1. Roll the money in the loan. 2. No closing cost loan. 3. Pay for out of pocket. The Closing cost depends on your situation and the loan amount? Do you roll your Taxes and Insurance into the payment, escrowed? If not, the cost is...

What type of loan to value amount is good for a mortgage in TN?
I can help you qualify for the loan. You should be at least 45% or less in Debt to income ratio. This is a start, to determine how much home you want or can afford. I can explain the details via e-mail or phone. Yes, there is FHA which starts at 3.5% down. There are USDA programs for areas that are Rural and may...

Can I get a different realtor to sell my house?
See how long the commitment period is for? If for another 6 months and you cannot bare the sight of the same realtor, talk with the Realtor and cancel the listing with the realtor. You are allowed to take your house off the market. Then simply find another agent or setup interviews with at least 3 agents....

what credit score do you need to get a homeloan
Spending on the State, I can go as low as 500 fico with compensating factors. If your credit score needs improvement, I work with all 3 credit bureaus and can improve scores. I have seen, myself, 100 point improvement. Hope this helps. Let me know if you need anything. I lend in all States.

Mortgage approval amount and almost paid off car payment
We can already not include the car payment. Usually 5 months or less and we can exclude from the DTI debt to income ratio. Especially since it will take 30-90 days to find and close on on a home. What else can I do for you? We lend in all States.

Now that Green Bay has won will the rate goup or down?
I have seen rates increase since Oct 2010. These are uncertain times in the World, Egypt. Prices are right, rates are right. They will go up and maybe come down. So many factors to consider. Are you looking to buy or refi? I lend in all 50 States. I have low rates and low closing costs. RC

How to tell whether interest rates will keep going down? Should I keep waiting?
You should consider watching the 10 year bond yield. I have seen rates increase since Oct. 2010, when the 10 year bond was around 2.5%. Now it's much higher. These are uncertain times, especiallly Egypt. Rates are right and prices are right. There are so many factors to conider. What is the interest rate...

What kind of rates are available on adjustable mortgages in Colorado?
There are several factors to consider in buying a home. Home much you plan to put down will determine your Program, as well as your FICO score. If you go FHA, the rates are better than Conventional and require minimum 3.5% down. FHA has up-front mortgage isurance and monthly Mortgage insurance. You should...

Cash out on two properties in Spokane
Are the properties considered Non-owner occupied or Owner occupied? Do you rent them or live in them? Are you on Title now? My guidelines state: Loans with acceptable continuity of obligation may be underwritten and priced as rate-and-term or cash-out refinances according to the standard...

Looking for a 10 Yr Fixed rate
Hi Sheila. There are several factors that play into the mortgage. 4.125%-4.5% is the range I would use for the 10 year. The lowest being the best rate and the higher for a "No Closing Cost" loan. Rates have gone up in the past 30 days. There is uncertainty brewing in the World, Egypt. The rate would be...

83% LTV refinance
Yes you do have options. You can see if your home is owned by Fannie mae or Freddie Mac. http://www.fanniemae.com/loanlookup/ and/or https://ww3.freddiemac.com/corporate/. If it is not owned by them, are you paying MI currently? You could go FHA and only pay the Up-front Mortgage Insurance, which can be...

Buying a home with $18,000 in the bank
Great time to buy! As long as you have 640 FICO score and higher I can help with an FHA loan. They require 3.5% down amongst other things. It is better you speak with a pro and find out what you can qualify for. That would be a start. Make sure you get pre-approved before you talk with a Realtor. If you have any credit...