I can answer any question regarding Mortgage loans for Purchase or Refinance. I currently work as a Mortgage Banker in Dallas, TX and have experience as a Mortgage Broker. The favorite part of my job is helping First Time Home Buyers. I also consider myself an expert of Credit and Credit Qualifying for a home loan. Many of my loans are the result of showing clients how to credit qualify for a loan after they were denied in the past. We do FHA, VA & Conventional Financing. I have extensive experience in Investor Loans as well. I will NOT answer questions about 'getting around guidelines', ect. Or if I sense that you are trying to call your 'investment' property a primary residence, I will reject the question. I will ALWAYS err on the side of caution if I sense that the question is fraudulent in nature.
7 years experience as a Mortgage Broker and as a Mortgage Banker
Mortgage Professionals in Texas are required to take many ethics courses and other industry training to satisfy State mandated continuing education requirements.
Site Owner of DallasLoanGuy.com which has lots of free mortgage info for the First Time Homebuyer and Veteran Homebuyer as well.
I love helping First Time Home Buyers.
It is a LOT easier to qualify for a home loan than you think!
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No. The non-occupant co-borrower with stellar scores can help the file approve, but we use the lowest mid score of all borrowers to 'price' the loan. Most real estate contracts are pretty cut and dried
Called an FHA Cash-Out loan. You can refinance the loan(or zero balance) and up the loan amount to get cash to pay off other 2. We don't do the FHA Cash-Out here in Texas.... So I don't know all of
You can refinance them off title. Are you needing to buy them out? Need to get cash from the mortgage?
If the $5000 gift funds are not sourced from an acceptable source.... as a gift and not a loan.... Then that money is simply not allowed. Ex: You have 410,000 in the bank, we would put $5000 on the loan
Using an ARM to finance doesn't change what is paid towards principle. It just lowers the payment. If were a disciplined investor and made your pmt based on the 30yr fixed rate... applying the extra towards
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