Q&A
Asked by an anonymous user
Answered by Chad Freeman PRO+
Branch Manager in Bethesda, MD
This is a situation that you would benefit from by speaking with a qualified attorney. I can however shed some light and possibly help with a direction on this. A chap...
Q&A
Asked by pat
Answered by Chad Freeman PRO+
Branch Manager in Bethesda, MD
Hi Pat: Yes fortunately you do have some options. If you are looking to refinance, the first option I would recommend is to look into the HARP program. This is a Fa...
Q&A
Asked by Larry Black
Answered by Ted Rood PRO+
Mortgage Professional in Maryland Heights, MO
While this question isn't new, I wanted to point out that FHA just lowered the annual mortgage insurance premiums for new FHA borrowers (effective 1/26/2015). Anyone w...
Q&A
Asked by roger taylor
Answered by Chad Freeman PRO+
Branch Manager in Bethesda, MD
Hi Roger: It should be possible and you can even refinance it with a new home equity loan. My advice would be to find a competent loan officer that you feel comfort...
Q&A
Asked by an anonymous user
Answered by Chad Freeman PRO+
Branch Manager in Bethesda, MD
Hello: The short answer is "yes". However the longer answer to this question involves whether not you have enough equity in your home, whether or not you can qualif...
Q&A
Asked by an anonymous user
Answered by Ted Erickson
Mortgage Professional in Novato, CA
I would need more details to give a valid response. If you are saying you are on title but not on the loan then yes you could refinance as long as you qualify for the ...
Q&A
Asked by Thomas Terry
Answered by Chad Freeman PRO+
Branch Manager in Bethesda, MD
Hi Thomas: Settlement charges are going to be the fees that you pay at closing for the cost of purchasing (or refinancing) a home. There will be charges from the le...
Q&A
Asked by Jamie
Answered by Chad Freeman PRO+
Branch Manager in Bethesda, MD
Jamie: Thank you for your inquiry. DTI is determined by taking whatever secured debt you have (generally those on your credit report) against your income, represent...
Q&A
Asked by Erin
Answered by Chad Freeman PRO+
Branch Manager in Bethesda, MD
Hi Erin: That depends on the type of loan you have. If it's an FHA loan, the new guidelines state that the MI will stay on for the life of the loan. If it is conven...
Q&A
Asked by Tony
Answered by Chad Freeman PRO+
Branch Manager in Bethesda, MD
Hi Tony: Great question! Most of the world pays their mortgage every month, i.e., 12 payments. However if you split that into a payment every 2 weeks, you get 26 "h...
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