Why FHA Streamline Refinance is the Perfect Solution for Quick and Easy Refinancing? If you’re looking to refinance your home but want to avoid fees and piles of paperwork, then FHA streamline refinance might just be the solution you’re looking for. This is an option that more and more homeowners are now taking but it’s […]
Looking for the Best San Jose Mortgages? We Can Help! If you’re looking for an incredible place to live and work, it is tough to beat San Jose. Situated in the Bay Area, San Jose is known as the “Capital of Silicon Valley,” and has the status of a globally renowned city. It’s the third-largest […]
VA recently updated their guidelines with regard to VA spousal status. The process has been much more streamlined as of late in the past a loan package had to be submitted to a VA regional office for approval of spousal status. The VA requirement would be met as long as it was legal in the […]
Approximately 10,000 Americans go into retirement on a given day. With a reverse mortgage, you would be able to utilize equity in your home to live comfortably in your golden years along with covering medical expenses etc. Here are some key benefits. No monthly mortgage payments are required with a reverse mortgage. You are able […]
Even with a low credit score below 600, it’s still possible to consolidate debt through a FHA cash-out refinance. As long as you don’t exceed 15% equity in your home. Even with prior late mortgage payments, as long as we receive approval through AUS (automated underwriting system). In addition, you can purchase with a minimum […]
A Homestyle loan is a great option if you’ve thinking about new construction. It has flexible downpayment requirements. It can be used on a purchase and a great way to finance improvements, renovations and repairs. It can go up to 50% of the as-completed appraised value. Its an excellent alternative to a home equity line […]
Great news! The FHFA (Federal Housing Financing Agency) has extended the HARP Program (Home Affordable Refinance Program) till December 31, 2016! The main objective of this type of home loan is to save a borrower from a potential foreclosure or short sale by substantially reducing the mortgage payment to allow you to continue to live […]
Financing is available with just a 3% down payment as a Conventional loan for a 1 unit property. County or city downpayment assistance along with community 2nds are possibly available to you. Even cash on hand is allowed with appropriate documentation. One of the borrowers must be a first-time homebuyer. In addition, you must go […]
You can still reduce your monthly payment even if you had a short sale, foreclosure or a bankruptcy. An FHA Streamline refinance would only look at the mortgage rating on the credit report. In addition, we have lending sources with no FICO score requirements along with no minimum loan to value ratio that is required […]
When are VA Termite Inspections Required? A termite inspection is waived on a VA IRRRL (streamline) refinance. It is required on a purchase and a cashout refinance. If the property is a low-rise or high-rise condo its only required if the appraiser notices a potential issue. If there is active infestation by pests (Section I) […]
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