What is the minimum down payment on a Jumbo Loan?
Give me a call and I will be happy to discuss with you. I have a lender that can do this with 10% down. But depending upon the zip code it may qualify for a loan amount over $417,000 which is Super Conforming. My company is based in Colorado and I am familiar with the mountain areas. So if it is a second home or...

Need to refi have plenty of equity but a few credit issues
Also do not pay off credit cards in full. Paying below 30% of credit limit is great. If you can pay to 10% of balance, then it can help even a little more based on where your credit scores are now. You may want to initially do an FHA loan based on credit score even though your equity may be at 20%. FHA is more...

What are some of the reasons for loan to be cancelled after underwriting?
There are many different reasons for a loan to be cancelled after underwriting. Once an underwriter reviews the income and assets, there are certain ratio of debt to income that you must have. FHA has higher ratio limits of debt to income versus a conventional Fannie Mae or Freddie Mac loan. However,...

need a hard money loan for in colorado if anyone interested please let me know
Give me a call here in Colorado. I have several hard money lenders that are in the downtown Denver area. My office number is 303-955-5606 and mobile number is 720-837-7295. My email is mhemingway@sfslend.com.

We are looking for 7 arm rates colorado. What is the best "real", non-teaser market rates at this moment?
Kathy,Please go e me a call at 303-955-5606 so I can go over different options for you. I am licensed broker living in Colorado and I have different outlet of lenders to choose from based on your situation. i live in Castle Rock so not too far from you. Thanks - Mark Hemingway

Underwriter wants rent receipts but i just pay the utilities what can i do to satisfy that requirement?
Depending upon your loan program and whether it is FHA, Fannie Mae , or Freddie Mac, you can state you are living rent free and then provide a letter of explanation that states that you are living rent free but pay some of the utilities. definitely have your loan officer ask the underwriter what options...

My Ltv on my mortgage is under 50%, Do I qualify for a harp refi
LTV does not matter as you can still be at 50% and qualify as long as your current mortgage was refinanced or purchased by Fannie or Freddie prior to may 31, 2009. If after this date then you would not qualify. You can also go to the websites the others stated. Make sure you put in your information exactly as it...

Do I need a Buyer's Agent to buy a house?
You do not need a buyer's agent, but you may as well get one as it does not cost you anything. If you decide not to go with an agent then if you have a friend or a referral from a friend you can get to at least review the contract for a nominal fee then you may be able to negotiate a little on the price of the house. Not...

looking at purchasing a commercial build
Be cautious when searching for a commercial lender or broker. Otherwise you could see your fees get astronomical. I would go to your loan bank - Not big bank though. more of a regional bank that does Commercial loans. Scotsman Guide is a good source as someone has already stated. As a mortgage broker I refer...

Can lender ask for documents on an asset that had nothing to do with funds verified/used for close? 6 wks after close and funding?
I doubt seriously that the lender can call the note due. If anything it would be there fault. I used to work for a lender and it does happen where underwriters miss information. It is always good to try and help the lender out for many reasons. One is we want to keep lenders in business. If lenders are missing a...

How long does it take to get approved for a va loan?
Lenders are not as busy as they were depending upon your state. VA Loans are underwritten by specific underwriters that typically only underwrite VA. But you should easily be able to close in 30 days. Appraisals are what is taking sometimes the longest during the process. Just make sure you give your loan...

What would be the cost of a house if mortgage was 1200 dollars?
There are a lot of variables before calculating this. First credit score, then how much down payment, then rate. definitely contact a mortgage broker that is licensed in Ohio. Do internet search for Mortgage broker in Columbus,OH or wherever you are searching. I would not go with a big bank as mortgage...

I want to sign up for the real time leads. What is the cost per lead
I would be interested to know if the Mortgage leads are good thru Lender411. I am #1 Lender in Colorado and would be interested in getting feedback from you or others.

motel financeing available for florida state
Htel/motel financing can be tricky. Make sure you contact a local broker in your area. Do a search via the internet for Commercial Mortgage Broker (then the city name in FL). Contact several brokers and go with who seems to know what they are talking about and are very candid with you. Good Luck!

I own a house in Seneca South Carolina. The home is free and clear and need a hard money loan fast using it as collateral!
Hard Money Lender will be the fastest. You can always try and get a hard money loan but ask lender what the points are and how quickly you can refinance. Also rates have gone up a bit but you can also contact an experienced mortgage broker in South Carolina. As long as you state value of you property about 20%...

Looking for the best 15-year va refi rates. Streamline we have already va
Go Dawgs! I am a GA native and went to UGA in the early to mid 80s. Scott sounds like he can definitely help you. Streamline VA loans are very quick and easy and the rates are still very good on the government loans. Good luck to you.

What is best day of the week to lock in a interest rate? Any feedback appreciated.
As all the other brokers are telling you there is not one day better than the other; However, you do want to pay attention to economic news that is happening for the day and week. This can tell you what you need to do. I put a daily blog on this site to show what is going on in the industry and my Facebook page and...

I just closed on a home Aug. 6 but now I may not want the house....what can I do ..will I lose a lot of money ? buyers remorse
That is a tough one. Not sure what your reasons are for having buyers remorse. If it is the loan that you have then talk to a different mortgage broker and find out what options you have. It may be difficult to refinance right away as some lenders may want you to wait a few months. But as long as you improve your...

I just closed on a house Aug. 6 but now I may not want the house..what can I do..will I lose money ? Buyers remorse
That is a tough one. Not sure what your reasons are for having buyers remorse. If it is the loan that you have then talk to a different mortgage broker and find out what options you have. It may be difficult to refinance right away as some lenders may want you to wait a few months. But as long as you improve your...

WOuld getting a pre-approval letter actually help me better negotiate on the offer we are putting on a house?
Most realtors will require you to get a pre approval letter. especially here in Colorado. I am #1 Lender for Colorado on this site and also work with a lot of realtors in Denver area. Feel free to give me a call at 303-955-5606. I have a very informative website that will he.p you along the way and inform you of...