Terri Vellios added an answer:
Should I shop for a mortgage lender or have my broker do it?
I do not recommend you ask your Broker to shop for a loan for you. This is a personal decision and your private financial information will be needed. Yo
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Gregory Yadgaroff added an answer:
I need a refi on a 3 family in queens. we owe 471k on an IO ARM. Home worth 525 to 550K. we can pay down mtg if we have to.
You will need to talk to one of our loan officers in order to see what options we have to offer you.
Please contact me and will coordinate a time and dat
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The expiration of the Mortgage Forgiveness Debt Relief Act. Are you & your clients are aware of what's happening on December 31st of this year? How will you get the word out to your friends, family,…
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Annette Levinson added an answer:
I cannot get mortgage for an investment property. Does anyone know any reliable lenders for such a property. I have good credit scores.
Elmoe,
It is not only the score that counts. What is your DTI? Is the house rented currently? What is your down payment? These are some of the questions
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US Treasury Forcing Principal Forgiveness "Late Friday the US Treasury Department announced a major expansion of its Home Affordable Modification Program (HAMP). The three-year-old program has been largely…
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If you are a homeowner in distress or if you have defaulted on your mortgage or simply cannot afford your payments, a short sale may be your best option. Once you are 90 days delinquent on your mortgage,…
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New Refi Program in State of the Union Address Despite rumors earlier in the week that President Barack Obama would announce a settlement between the state attorneys general and the nation’s top servicers…
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Fed Extends Expectations for Low Rates Through 2014 The Federal Reserve said Wednesday that it will hold a key benchmark interest rate near zero through late 2014. The setting of this federal funds rate…
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Homes Backing GSE Mortgages Post 1% Price Gain Data released this week by the Federal Housing Finance Agency (FHFA) show purchase prices of homes backing mortgages that have been sold to or guaranteed…
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Mortgage Rates Reverse Course Freddie Mac reported Thursday that mortgage interest rates have done a 180 and are now starting to climb, buoyed by positive housing data over recent weeks which show the…
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Delinquency and Foreclosure Rates Down Lender Processing Services (LPS) has provided the media with a sneak peek at the results of its mortgage performance data through 2011. As of the end of December,…
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How Low Can They Go? – Mortgage Rates Credit conditions may be tight, but for those who do qualify for a new home loan, the cost of borrowing has never been lower. Data released Thursday by Freddie…
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Housing May Turn the Corner in 2012 Core Logic’s chief economist Mark Fleming says housing statistics and the duration of the downturn to date indicate 2012 may be the year the housing market begins…
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Unemployment Rate Falls to 8.5% The nation’s unemployment rate continues to trend down. It slipped to 8.5 % during the month of December as the economy added 200,000 new jobs, the U.S. Department of…
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Joseph C. Hastings added an answer:
If I rent out my COOP, which will cover my COOP mortgage and maintenance is this debt calculated in my Debt to Income ratio when qualifying for a hous
Hi Leterps. I'll add one thing here in an effort to round out the responses. Your Coop house rules may limit the amount of time you can sublet the apa
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Anna Brocco added an answer:
NY Laws: Name on Deed, not on Mortgage
Why not establish some credit before considering the purchase; for any necessary legal advice consult with an attorney who specializes in real estate...
Make HARP Available to High Equity Borrowers – Senators Pushing For It While the newly revised Home Affordable Refinance Program (HARP) includes several provisions aimed at widening the program’s reach,…
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Richard Littlefield #287206 added an answer:
Can I refinance under the new Obama Plan?
You can not take out cash under any of the government bail out plans. But you can refinance under FHA to 85% cash out. I am sorry I am not licensend in NY,
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Mortgage Rates - Expected to Head Lower Interest rates on home loans offered up a mixed bag of results this week, with fixed-rate mortgages showing no change or dipping slightly and adjustable-rate mortgages…
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Millions shut out of Refinancing About 2.3 million homeowners could have refinanced their mortgages last year if they didn't owe more than their homes were worth or if lending standards weren't so strict,…
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