Q&A
Asked by hross99
40-year term mortgages are no longer
considered "qualified mortgages" by Fannie Mae
or Freddie Mac, so they are virtually
unavailable. Not sure what your goal is, but...
Q&A
Asked by an anonymous user
Answered by IntroLend Writing Staff
Financial Adviser in Los Angeles, CA
Financial Adviser in Los Angeles, CA
Whether or not you should refinance depends on
a lot of factors, you will find the answer
given here very informative. You should also
start by checking your credit sc...
Q&A
Asked by Debra
Answered by IntroLend Writing Staff
Financial Adviser in Los Angeles, CA
Financial Adviser in Los Angeles, CA
Whether or not you qualify for a loan can be
determined by a lot of variables. Your current
income, your current credit score and credit
history, and more. You can con...
Q&A
Asked by Patricia
Answered by IntroLend Writing Staff
Financial Adviser in Los Angeles, CA
Financial Adviser in Los Angeles, CA
The root of purchasing or refinancing your
home is having a good credit score that is
free of blemishes and late payments. You also
want to make sure that when you pu...
Q&A
Asked by REBECCA
Answered by Aaron Gibbons
Mortgage Professional
Mortgage Professional
Rebecca, so sorry to hear about your loss.
Refinancing your home to a 30yr mortgage is
one possible route. If your mortgage is
already on a newer 30yr loan then an ARM...
Q&A
Asked by Michael
Answered by Brian Nguyen
Sr Mortgage Banker in Brea, CA
Sr Mortgage Banker in Brea, CA
You are correct, 4 years post short sale it's
possible to refinance, and even sooner if
using a loan that is not conventional. Feel
free to reach out if you have more...
Q&A
Asked by mary
Answered by David Skow
Mortgage Professional in Seattle , WA
Mortgage Professional in Seattle , WA
Mary, thanks for the question. Some ideas &
options:
1) Increase the payment you
are making and have this additional amount
applied to the principal balance.
...
Q&A
Asked by Shalyn
Answered by Paul Clemons
Mortgage Broker - Branch Manager NMLS#174535
Mortgage Broker - Branch Manager NMLS#174535
You could do a cash-out refinance to liquefy
the equity and have him sign a quitclaim deed
to be removed from title.
Q&A
Asked by Debbie
HELOC pricing depends on several factors:
Credit scores, Equity, Prime Rate, and the
margin (the "markup" over prime rate).
Prime is 3.75% now, so to get a HELOC ...
Q&A
Asked by David
Depends on what you consider "medium to high"
debt ratio. Since HELOCs are held by the
originating bank or credit union, they have
more leeway on debt ratios, compare...
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