You nailed it! Mortgage Porter Great Advice. If your home looses value in the future, but interest rates are lower…
On Reader Question about FHA Mortgage Insurance
This depends on the AMC. Many of the concerns you brought up are valid concerning quality and non-local appraisals. FHFA…
On HVCC: Why Should YOU Care?
Roberta, it would be the lender's call of where you refi'd of whether or not they believe you. And yes,…
On Is it a Primary Residence, a Second Home or Investment Property?
Hi David, it shouldn't take very long. Have they given you a time frame? Hopefully this doens't impact your lock.
On Form 4506: Not Just for Stated Income Loans Anymore
There is a ton of information about how to check if a condo is FHA approved. But I can't find…
On Suggestion Box
My husband and I refinanced our home very recently with every intention of residing there for at least a year…
On Is it a Primary Residence, a Second Home or Investment Property?
Our loan is being funded via Wells Fargo, having provided all the normal documentation (salary stubs, bank statements, etc) and…
On Form 4506: Not Just for Stated Income Loans Anymore
raul, I apologize for my late reply. In my area (Seattle/King County) our "high balance" loan limit was restored to…
On The FHA Streamlined Refinance
One thing I would like to add is that the current minimum down required for FHA is 3.5%.
On Is 5% Down Available for Homes Priced from up to $600,000?
Hi Sidelines, you may be better off checking with credit unions and small local banks with second mortgages. The only…
On Is 5% Down Available for Homes Priced from up to $600,000?