
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.
Hi Garrett, if the existing mortgage is FHA, you may be able to do an FHA streamline refinance. If it's…
On Can I Convert My Existing Home to an Investment Property to Buy My Next Home?
Clif, pmi may allow this assuming the occupying borrower (your son) has a debt to income ratio of 50% or…
On Is it a Primary Residence, a Second Home or Investment Property?
Jenn, the 1 year time period for living in the home is probably in reference to the language that is…
On Is it a Primary Residence, a Second Home or Investment Property?
Hi David, I recommend finding someone who specializes in reverse mortgages in your local area to review your current situation…
On Refinancing when you have an existing Second Mortgage or HELOC
Hi David, refinancing could possibly impact the reverse mortgage since your amount of equity is factored into how much your…
On Refinancing when you have an existing Second Mortgage or HELOC
HELOC's often have "Agreements" instead of a "Note". I'm not an attorney so I don't know if your HELOC is…
On Refinancing when you have an existing Second Mortgage or HELOC
Hi David, Is your first and/or second mortgage with the bank you're trying to refinance with? My clients typically do…
On Refinancing when you have an existing Second Mortgage or HELOC
We do seem to have a divided Congress, Larry. I don't think either side has done much to work with…
On HARP 3.0 Update
I'm so glad my post was helpful!
On Mortgage Insurance Tax Deduction extended through 2013
Hi Nancy, You need to speak with someone who specializes in income tax regarding what tax implications may be. I'm…
On Is it a Primary Residence, a Second Home or Investment Property?