I had a couple of late mortgage payments about 14 months ago. Will I still be able to re-finance?

If your mortgage has been current and you qualify for the loan then yes. Call Chad Frazier in our California branch at 919-412-3122

As long as not in the last 12 months you should be able to refi, no problem!

Possibly.. Most lending programs state you cannot have any 30 day late payments in the past 12 months.. and if you were more than 90 days delinquent on any mortgage, most lenders will make you wait 2 or more years before applying.. Bottom line is that to know exactly if you can qualify or not, you should contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

No lates in the past 12 months would work.We'll ask for an explanation on the mortgage lates that had occured. I am sure though it had an impact on your FICO/credit scores - depending how many months you were late and if it was consecutive lates. Do you know where your score might be now? I ask because it does affect your interest rate on the refinance. Are you wanting to refinance for the benefit of lowering your payment or pulling equity out?

HiIf current in the past 12 months with no lates then you are fine. We will ask for an explanation on the previous mortgage lates though. Do you know if your credit/FICO score has recovered since the mortgage lates? I ask because your fico/credit score does impact the interest rate on the refinance - the higher the better. Were you looking for a benefit of lowering your payment or are considering pulling equity out with the refinance?

Typically lenders will allow up to 1 30 day late within the last twelve months on a re-finance.

PB financial Group (www.calhardmoney.com), offers stated business purpose 2nd position loan if that interests you.

You could easily refinance under fannie mae or Freddie mac guidelines. They generally provide for the best conforming and high balance rates. We deal directly as the investor with them, as any major bank would. with the difference being giving our borrowers better rates.

Depends partly on the type of mortgage and the rest of your application, and your total credit profile. The most important is the last 12 months but 14 months ago is still considered fairly recent.

Most Lenders only look at the last 12 months of payments. And some will actually tolerate a 1x 30 day late in the past 12 months.