quit claim deed

It is no more difficult to borrow against a free and clear home as it is to buy one. It all depends on the details of the borrower and what they are trying to do. Contact a local Mortgage Banker/Broker, rather than one of the big banks or big national mortgage factories. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. He/She will have access to loan products of many lenders, not just those of one bank, and can properly guide you. But more importantly, He/She is trained to take a look at the various different options available to you and guide you into the one that makes the best sense for your situation. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950

Purchase or refinance you have to qualify by providing tax returns, pay stubs, bank statements... etc.. And you have to have sufficient credit.. It would make no sense to go FHA or USDA since these types of loans are used primarily for obtaining a mortgage on a purchase... you already own the home, so you're better off going conventional first mortgage or a Home Equity Line of Credit in first position.. your situation is not unique, and if you want to know for sure if you qualify, you should contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower 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. 480-287-5714 WilliamAcres.com

How you obtained title to the house has little to do with your ability to get a cash out refinance loan. You are the owner. Go apply with a local (not a bank) licensed loan officer.

If the house was quit claimed to you, you need to qualify for a mortgage loan.. I will need more details .. linda yourloanpartnerforlife@live.com is my email

Yes, you need to qualify for the mortgage like every other mortgage...

Yes you can get a mortgage as long as you qualify. All the best!

It is possible to get financed. I would have some additional questiosn. How long ago were you deeded on? is anyone on title with you? was someone removed from title? is there an existing lien on the property - if so - what type? we are a mortgage broker here in Indiana. Would love to help you out - please apply online at: www.lechelmortgage.com or call 260 221 0030. my email is: kim@lechelmortgage.com i look forward to working with you!

Dear mrpin2,There are many ways to approach the cash out refinance. The best way to know for sure the amount and terms you are eleigible for it to get underwriting pre-approved. Pre-approve yourself by going to our proprietary automated underwriting system www.ePrequal.com.In minutes you will get a custom pre-approval certificate, financial summay of transaction, various loan options and much more. It's like having an experienced Loan Officer and Underwriter at your fingertips 7/24. No waiting, and No sales pressure. David Van WaldickNational Loan AdvisorePrequal.com, LLCP: (888) 930-4223www.ePrequal.com "One Minute Home Loan pre-Approvals

Hi Laurel!Some great answers have already been shared. However here is what I believe what you have asked:Of course you aren't looking to do a rate/term refinance since there is no mortgage on the property but, if you were and you just acquired the property through reguarly purchase or through a quit claim: that would require 120 days seasoning or in other words, ownership. Obviously you must be looking to cash out or you wouldn't be asking the question since there isn't a current mortgage. In that instance you must have had ownership for six months to qualify to refinance in your name.Oh - and whomever said you had to borrow more than $100k is mistaken! You're not restricted to borrowing more than $100k!! By all means your house might not even be worth that much to start. *Based on how much your house is worth and what your debt to income ratios are is what determines the max you are eligible to borrow* You don't HAVE to borrow $100k or you can't borrow at all. I've never heard of that. Good luck in your pursuits of finding a local broker/banker to helping you in finding the right loan to fit your needs. Lender411.com would help or google NMLS Consumer Access to find someone local.Kimberly Lawson First Priority Financial T/F: 888-659-3848 KIMFPF@woh.rr.com

hi there: if you'd like to discuss your entire scenario be glad to assist. I have other funding sources for different non conventional scenarios to assist with. what is the loan amt? primary home etc? MIke (703 505 5300) NMLS 754874