
Rhonda Porter
Rhonda Porter is a Licensed Mortgage Originator MLO121324 living in the greater Seattle area. Rhonda began her career in 1986 in the title and escrow industry and joined Mortgage Master Service Corporation as a Loan Officer in 2000. She and her husband are new "parents" to a Flat Coated Retriever puppy. Rhonda enjoys cooking, wine, gardening and has recently started black velvet painting.
If were un-voluntarily fired, then that *should* meet the standards for BTW - your income loss has to be out…
On FHA “Back to Work” is available at Mortgage Master Service Corporation
Hi Valerie, banks do care if your home is on the market. If you are getting an "owner occupied" mortgage,…
On Is it a Primary Residence, a Second Home or Investment Property?
The lender is going to wonder what your deductions are on your Schedule E. Are they re-occuring? Is it a…
On Determining Net Rental Income when Qualifying for a Mortgage
Zoe, can you rent in AR for 30 days before entering into contract and possibly buy another home? Check with…
On Is it a Primary Residence, a Second Home or Investment Property?
Keesha, Please get a second opinion by a LO who is licensed in SC. I can only help with homes…
On Is it a Primary Residence, a Second Home or Investment Property?
It is absurd. I wrote about net tangible benefit and how it harms consumers here: https://mortgageporter.com/2012/11/huds-net-tangible-benefit-requirement-is-hampering-fha-streamline-refinances.html
On FHA Streamlined Refinance: Credit vs Non-Credit Qualifying
AEK is correct, Ben. One of my clients wanted to streamline refi into a 15 year FHA loan from their…
On FHA Streamlined Refinance: Credit vs Non-Credit Qualifying
Alex, Please seek the advice of a real estate attorney. I cannot give legal advice.
On Is it a Primary Residence, a Second Home or Investment Property?
Hi Wes, I believe that your scenario would not qualify for "back to work" because she quit her job (made…
On FHA “Back to Work” is available at Mortgage Master Service Corporation
Robert, Having your mortgage insurance increase by that amount should also impact your APR which would trigger issues with TILA/REGz.…
On Changed Circumstance: When a Good Faith Estimate CAN be Re-Issued