qualify: Are you eligible for a VA loan?
- 03/02/13 01:26 AM
Are you eligible for a VA loan? Way back in 1944 the VA Guarantee program was started. If you are eligible, it is on the best loan programs available: 100% financing, no mortgage insurance, and a great refinance program. If you have any questions about a VA loan please feel free to contact me. For people serving in WW II, Korean, and Vietnam wars you would need to prove 90 days of duty. Most other veterans need to show 181 days of continuous duty and a Honorable discharge. Veterans that have a service related disability have special provisions for VA loans. … (0 comments)
qualify: Use FHA to save the day
- 11/21/12 02:03 AM
The FHA loan program is a pass or fail system which is different from the conventional loan system of risk based pricing. Sometimes with sales you can use FHA save the day or in our case sale. Let's review a few different situations where FHA can make the difference between closing a sale and not closing a sale. For questions about FHA financing please contact me. CAN I GET A FHA LOAN IF I MISSED A RENT OR MORTGAGE PAYMENT? Yes, but you need to provide a good reason in a letter of credit explanation. It is better if the late … (1 comments)
qualify: VA loans; outstanding loan program
- 11/20/12 01:43 AM
VA loans are an outstanding loan program for veterans. Low interest rates and make-sense underwriting have increased the volume of VA loans for both purchase and refinance. If you are qualified for a VA loan I recommend that you take advantage of it. If you have questions about the VA loan program please contact me. VA loans are loans for veterans of the U.S. military. These loans work the same as any other loan but they have a couple of advantages that other loans don't have. The best advantage is that VA loans don't require a down payment on the purchase … (1 comments)
qualify: I interview myself about HARP 2.0 part 3 of 3
- 11/16/12 03:36 AM
Happy Friday everyone; today I will conclude my interview with myself about HARP 2.0. Many of you have suggested that I don't have any friends because I am having to interview myself. You are probably right! If you do have questions about HARP 2.0 please contact me. When does the HARP program end? January 1st 2014. Get your application in today to make sure you close by then. Are the interest rates good for HARP loans? Yes they are. If the lender that you have talked to seems like their rates are high shop around and see if you can find … (0 comments)
qualify: I interview myself on HARP part 1
- 11/14/12 02:24 AM
I am going to interview myself on HARP and find out the answers America want to know. Underwater on your conventional mortgage? You may be able to refinance without paying down your mortgage and or mortgage insurance. HARP is Home Affordable Refinance Program. Your loan must be owned by Fannie Mae or Freddie Mac and have a securitization date prior to June 1 2009. If you have questions about HARP please contact me. How do I find out if Fannie Mae or Freddie Mac has my mortgage? Check the Fannie Mae web site here. Check the Freddie Mac web site here. … (0 comments)
qualify: Rental properties and qualifying
- 11/12/12 04:56 AM
How does having a rental property effect qualifying for a new mortgage? There are two different situations that can occur: #1 You convert your existing owner occupied property into a rental and #2 you have an existing rental that is documented on your tax return. If you have questions about qualifying for a mortgage with an existing or new rental property please contact me.
Fannie Mae will continue to permit up to 75 percent of the rental income to be used to offset the mortgage payment in qualifying if there is documented equity of at least 30 percent in the … (0 comments)
qualify: What are conforming loans
- 10/03/12 05:22 AM
What are conforming loans and why does it matter? Loans that conform to the guidelines that Fannie and Freddie established, are call conforming loans. The main traits that must be satisfied are: Loan size, credit requirements, and loan to value requirements. If you are purchasing a home you would like to have a conforming loan because they offer the best rates. If you have questions about conforming loans please click here. Of all the mortgage rules the maximum mortgage size is the one that most people will encounter. Loans that are larger than the maximum conforming loan limits are called Jumbo … (0 comments)
qualify: House Payments in Seattle
- 09/14/12 02:55 AM
How does house payments in Seattle and buying a house coordinate? What we are really asking is "how expensive of a house can I buy?" Lenders use two types of ratios to determine your maximum purchase price. There is the front end ratio and the back end ratio. The front end ratio is the percentage of your monthly house payment to your total income and your back end ratio is the percentage of your house payment plus consumer debt to your monthly income. Questions about qualifying for a loan click here. Qualifying for a mortgage is a balance between how much … (1 comments)
Are you eligible for a VA loan? Way back in 1944 the VA Guarantee program was started. If you are eligible, it is on the best loan programs available: 100% financing, no mortgage insurance, and a great refinance program. If you have any questions about a VA loan please feel free to contact me.
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