My wife wants to assume the loan for me

I am going through a divorce and my wife wants to assume the loan from me. My divorce lawyer doesn't know much about mortgages and says that the loan is not assumeable. Will she be able to assume the lo...

My name is Carlos Eliseo and I would like Lender 411 to update my profile

As of April 2022 I work with TD Bank. My profile on Lender411 reflects that I work for Fidelity Funding Mortgage Corp. my contact info is : cell 561-252-1552 email: carlos.eliseo@td.com or Caeliseo@bell...

Can I refinance my mortgage from my home country?

Hi, I am not a green card holder nor a US citizen. I am moving back to my home country and plan to retire there. I have 2 houses in Texas and I want to know if I can refinance my loan from my home count...

How can we get approval?

We need to refinance out of a credit line type hard money loan that doesn't have any seasoning. We have been rejected numerous times due to high DTI because of unforeseen expenses that we put on our cre...

Will lender consider my plan as DTI?

I purchased a single family home in 2021 and is my primary home. I plan to have it rented and buy another primary home. If ever I close a deal with a tenant will my underwriter consider the rental incom...

Va loan is in my name, wife was on title..Can she be added to the loan?

Live work loan

We paid cash for an old 2 story factory with basement last January. We have been renovating the top floor to be our home and will eventually make the main floor a wellness studio. The basement will not ...

2 years not employed and applying for a loan

I am a home maker and I've been without employment for about two years now. I plan to use a DSCR loan to invest in a multi family unit. I have 640 credit score. What type of loan should I apply for? How...

What loan option is the best?

Plan to buy a home soon. Self employed with 810 FICO score, debts I pay is $300 per month with income of $120k a year. How much home can I afford? Do I apply for a bank statement loan or traditional one...

Lender hesitant to provide a break down of payments

Hi, first time homebuyer here. I recently had my offer accepted and I asked my lender to show me a break down of payments. He got bothered by my request and told me buyers don't usually ask for that stu...

Still in underwriting, what should I do?

I applied for a loan with a local lender and in the process of underwriting. The entire ordeal has been a nightmare. I'm at a 6.6 rate but the market went down and they are refusing to go with the marke...

How long does it take to close a loan?

Hi, this is my first time applying for a mortgage and I want to know how long it takes to close on the loan. The house we are buying has plenty of offers and closing on the loan soonest would give us an...

Should I work with another broker to apply for a home loan?

Hi, I am in the process of becoming a broker. My question is, can I apply for a loan with me being a broker or do I have to work with another broker in this case? Do I need certification when applying f...

Need to obtain a HELOC

I tried getting a HELOC with my primary bank but got denied. My primary home carries no mortgage and my rentals have great equity. My lender was pretty conservative and they offered a $50k line of cred...

DTI too high

I can't seem to qualify for mortgages and HELOCS. They say that my DTI is too high. I currently have $12k in mortgages and they are all covered with rental income. I have a cash flow of about 15% due to...