Do I have to have two years with same employer to get mortgage if I am part-time?
You do not have to have 2 years with the same employer, but you will need a two year employment history. Typically we would like to see 30 days of paystubs for your current employer. If it is a part-time job, the employer would need to confirm how many hours per week you are scheduled to work.

How long does it take for your credit score to bounce back from hard pull?
Typically for a mortgage inquiry, you can have several within a 30 day period before it will affect your score. Similar to an auto loan, it is expected that you will be shopping for the best rate and product. However, once it has been more than 30 days, it appears that you are either having a hard time...

financing options for condo not approved for FHA
I have some conventional options for you with lower down payments and/or down payment assistance. Feel free to email for details wnelson@lakeareamtg.com

VA ARM versus fixed rate? what's best please
With a VA loan, the Arm rates can only adjust 1% per year after the initial fixed period, so if you didn't end up moving after 3 years, the most your rate would adjust on the 4th year, would be 1% (up or down). However, you would benefit from the lower rate the first 3 years. There are also 5 year arms available...

Ca you purchase a home with someone even if you're not married?
Yes, there is no requirement for you to be married to purchase a home together. You can choose how to hold title to the property (Joint Tenants or Tenants in Common). I can explain that to you further if you want to contact me. Office: 651-762-3572 wnelson@lakeareamtg.com

how do i get homeoweners insurance for my house and how is the rate determined please?
Once you find a home, then you would shop for your Homeowners insurance. The insurance agent would typically request a copy of the appraisal so that they will know the size and age of the home, etc... I recommend calling the agent that has your auto insurance, as many times you can get a multi-line discount. I...

on loan but not deed..ex sold house without me signing off on the loan
If you were on the mortgage and title, you would have had to sign off on the sale of the home. I would check with the title company that closed the sale to obtain a copy of the hud-1 settlement statement. That will show the buyer/s sellers and all signatures.

Backout from purchasing a house contract.
Although I am not a lawyer, most purchase agreements allow for you to back out of the contract within a certain number hours after a home inspection is complete, if you find something you don't like in the home inspection report. You may also be able to re-negotiate with the sellers on repairs. I would ask...

Can you keep listing your house even though you have a signed purchase agreement from a prospective buyer?
It depends on what contingencies are written in the purchase agreement. This would be a question to ask your Real Estate Agent.

%6 ARM
It really depends on what is bringing your credit score down and how quickly you are able to improve your score. Having a co-signer only helps to qualify for income purposes, it does not offset credit issues. If you do not want to wait until you improve your credit scores, he would need to buy the home on his...

Can lenders give rate quotes and then increase even though nothing has changed?
The interest rates can change daily until you actually lock-in your rate with your lender. A quote is just a "Quote" for that day based on the information you provided. Once you have locked in your interest rate, it should not change unless you don't close before the expiration date, or something on the...

switched jobs - going to matter for loan?
As long as you have a 2 year history of continuous employment, and you are past your probationary period on your new job, it should not be an issue.

Buying condo versus single family
Typically a Condo is more expensive as far as monthly payment goes because the association dues can be pretty expensive. However, the property taxes are much less than a single family home so that offsets some of the difference. You would want to check with the association, as many times the dues...

is it possible to combiene closing costs in with my mortgage principal?
You have few options. You can ask the seller to pay the closing costs, or you can pay a higher rate and less closing costs (lender paid closing costs). Ultimately the lower rate will benefit you more over time if you plan on staying in the home a long time. There are several loan options with different down...