Negotiation Refi Closing Fees
Depending upon who has created the guidelines (FannieMae, FreddieMac or other) they may require verification your house is /is not in a flood zone. That is what the flood certificate answers. It is not a profit point for a Loan Originator or Broker. But it won't cost you anything to ask if your...

What is the highest Loan-to-Value which is permitted for a "good rate"?
Several other variables need yo be addressed in addition to Loan to Value, Are you purchasing or refinancing? VA and USDA have 100% financing purchase loans. If you are thinking about conventional loans some FannieMae and FreddieMac loans go into the ninetys but have minimum credit score...

Who would lend me $10,000. on the equity of my home, since I filed bankrupcty 13?
If you have enough equity in the property, possibly a hard money lender.

Why Do Banks Sell Mortgages?
Mortgages are sold so that the Bank/Investor can increase their liquidity. Which allows them to make another loan. Generally doesn't have any effect on the Borrower as your terms do not change. No problem for the broker.Prevent it? Not really as the holder of the note has the right to use the note as...

I acquired an investment property under a sheriff's sale. The property has 2 mortgages that are ahead of my interest. I would like to refinance the mortgages. What are my options?
Refinance if you and the property can qualify. You may have some challenges until the chain of title gets cleared at the county.

Need an interest only ARM
I have loans available as well.

If I want a quote from the lenders this matched me with, do I need to ask for a Godd Faith Estimate of each so compare?
In addition to a Good Faith Estimate being time consuming to complete, credit scores affect the interest rate and maximum loan to value for which a Borrower may qualify. Have you seen your credit score recently?

Does My Mother Need A Refi
Can your Mother afford the mortgage payment on her own? Is the interest rate so good that it is worth keeping? If the answer is yes to both of those you may want to contact the current lender and inquire about having your name removed. You are not likely to receive a yes answer, but it won't cost you...