Katherine, I'm not sure I totally understand your question? As far as LTV, it's going to depend on guidelines for…
Hi Mindy, IMO if your parents are not occupying the home and if you are making payment, it sounds like…
John, per the guidelines, the borrower must have 3 months reserves that are their personal funds (not a gift) with…
Joe, you need to work directly with your loan officer as to what type of letter they may require.
Bob, I only originate mortgages on homes located in WA state - so I have no idea if where your…
Good question, Rick. Honestly, my focus is on originating (compliant) mortgages... I would think that the CFPB wouldn't be thrilled…
you may want to contact a real estate attorney
No thoughts. We have a compliance department that sends our disclosures and would prevent accidents like this from happening. Sorry,…
You need to discuss this with your lender who is taking care of the refi of home 1. It's possible…
You should not need the same amount of reserves with your new mortgage being FHA. It may depend on what…
