sc portfolio loan
What was your Question? :)

Can i use money from cash-out and put into savings?
I am a lender here in Virginia. If you qualify for a cash out loan you can do what you like with the money. If you do an FHA Streamline you might save enough money per month to begin a savings pattern not previously available. I wouldlove to sit sown with you and explore your opportunites as well as see what your...

As a divorced widow of a vet who receives commissary and healthcare privileges am I entitled to a VA mortgage loan
There are other programs that can be attractive to you that are not VA guaranteed loans. I would love to help. I have 16 years experience in the Mortgage business. By the way, I am originally from your area (currently living in Richmond) and my brother lives in Salem. Small world!

If I qualify for a HARP re-fi in all other ways, will it be denied if I have unresolved credit card debt at closing?
It depends on what you mean by "unresolved." If you have an account that is in default it will need to be brought current and/or proven inaccurate. The HARP process usually relies on an automated underwriting engine through Fannie Mae that will pick up on those type stumbling blocks and halt the process. ...

Does a month gap in income affect mortgage qualification?
Not neccessarily. All loan programs ask you to explain any gap in income that exceeds 30 days but if you are currently employed full time, are likely to continue to be employed and the income covers your proposed housing payment you should be fine. You just need to provide the explanation and the new...

best program for first time buyer with 645 credit score
There are lots of options available to you as a First Time Buyer with a 645 credit score. There is the Virginia Housing Developement Authority Loans, FHA and, in the Montgomery County area, you may be able to take advantage of USDA Housing. USDA is very attractive because it has a lower monthly Mortgage...

Is there a lender out there that does va irrrl without appraisal?
I am located in Richmond, Virginia and we can do VA IRRRL without appraisals as long as you have a 700 credit score and an Automated Valuation service brings your home's value in 175% or below. I would love to speak with you about the challenges you might be facing. I have specialized in VA loans for 16 years....

How accurate is a mortgage preapproval
The "PreApproval" letter is as good as the information you have provided to your lender and the work that your lender has put into verifying that information. The key to a solid mortgage preapproval is the communication level between you and your loan officer. The letter can state a loan amount or a sale...

I have been an employee for two years now switching to a contractor status. Offer accepted and now this!
This is not necessarily impossible to overcome. What type of business are you in and what type of pay structure are you under? For instance, if you have been commissioned for two years and you are still on commission we might make an exception. You can call me to discuss your options.

Do we need to get multiple appraisals to apply for a home equity loan?
Typically the consumer lender (in most cases of a Home Equity Line of Credit that would be a bank) will underwrite your credit profile first then analyze your equity position before deciding what level of appraising needs to take place. In all cases the Residential Lender will decide what type (and...

Can I refi a commercial loan?
You can refinance any loan. What type of property? If the property is a primary residence or a single family investment property you have the opportunity to utilize Conventional financing through as mortgage lender. If the property is a commercial property you may need to take advantage of a...

are 80/20 loans available in 2014?
The 80/20 mortgage days are gone with the wind but, there are options for First Time Home Buyers through Virginia Housing Development Authority and Guaranteed Rural Housing that have low, low down payments and more palatable Mortgage Insurance options. You can also look into the opportunity to...

Getting a refinance with a 670 credit score?
You can refinance with a 670 score and rates are currently lower than 5.2%....the big factors that need discussing are 1. What type of loan do you have? 2. What is the balance of your Mortgage? 3. What is the value of your home? You can certainly give me a call to discuss your options. I am here in Virginia. My office is...

I have a sub prime mortgage thru HSBC. It is not underwritten by Fannie or Freddie but my original mtg was until a sweet come on from HSBC with a low rate was made available. What is available to me now to save my home?
I would really need more specifics to ascertain if there was a program out there to assist you in refinancing your sub prime mortgage. Talking candidly about your current mortgage balance, home value and credit picture is essential. Let me know if you would like to discuss this further. I am located in...

Will anyone lend $24k for renovation costs?
There are a couple of ways to finance renovations to your home whether slight or a major structural change. You can refinance your home and take the cash out to contract the renovations yourself (the cheapest alternative) or you can finance renovations with a HomeStyle Renovation loan through...

loan repayment plan
If the Co-Borrower (and that is the term. There is no Primary and Secondary in the mortgage world. You are both equally responsible for the debt) negotiates anything on a loan to which you are obligated, you must agree to the terms before any action takes place. You may need to seek legal advice to bring the...

Are no-doc mortgages available?
There re programs that utilize "asset depletion" as a form of income. The existence of the asset is verified, we verify that you are receiving distributions and we verify that this can continue for at least three years. There are fairly strict loan to value and credit score guidelines for these loans...

how to go about getting VA loan
This is such a great question and I would love to help you navigate. The following web site is available to answer some questions regarding your eligibility. http://www.benefits.va.gov/benefits/I am the Daughter of a Command Sergeant Major and the Sister of a Sergeant First Class retired Veteran of...

My husband and I wanted to buy the home of our dreams and through a real estate agent we found a broker.
This is heartbreaking to me because, as a rule, when you have credit challenged borrowers the first thing you check is the CAIVR. I usually do this right away because customers who have struggled through credit challenges are exhausted and they need all the news, good and bad, up front. All this being...

how much lot/land can i get with USDA rural loan
I would love to talk to you about USDA loans in our area (I am located just across the river in Bon Air). They do not have an acreage limit but limit the value of the land to 30% of the total value so you can probably get away with 5 or six acres in our immediate area. Were you planning on building? We have a...