Michael Byrne

"FHA and Investor Specialist"
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  • Real Estate Pro
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  • Mortgage Broker or Lender
  • Company:
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  • Gateway Funding DMS LP
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  • Phone:
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  • (800) 999-2489 7972
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Michael Byrne, Real Estate Professional in Hillsborough, NJ
  • 50 Answers
  • 16 First Answers
  • 8 Useful Answers
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About Me
19 Year veteran of the mortgage industry. I take great pride in educating my clients and allowing them to determine the best custom tailored loan program for their specific needs. I can offer tailor made Jumbo, FHA, VA, Fannie Mae and USDA loan options.
Testimonials
""Hey Mike, just wanted to let u know the closing last night went fine. thanks so much for the speedy process of our loan....I will not hesitate to recommend you to anyone that needs a loan. have a great summer. take care.""
MC- NJ Sun May 18, 2008
""Okay Thanks Mike, this is great, we really appreciate you and your efforts to help us with this loan!! I have worked out all my financial estimates and this will work out just fine. Thank you!!""
FA Tue Mar 25, 2008
My Q&A View all »
Michael Byrne's Questions (0)
Michael Byrne's Answers (50)
Karen, Home Buyer in Stoneham, MA

What is the benefit of using a mortgage broker as opposed to shopping somewhere like bankrate? Thanks!

Asked Thu Jul 2 2009, 20:40 by Karen  -  Financing in Worcester  -  7 answers
Michael Byrne answered:
Shopping somewhere like bankrate simply puts you in touch with a slew of brokers/bankers who pay to be on bankrate, rather than generate business from referrals or by sharing their knowledge..

Try for getting a referral to an honest, upfront mortgage banker or broker from a friend who had a good experience, or read some blogs online and find a mortgage banker/broker who has programs and the knowledge to fit your needs.

Good luck! - Fri Jul 3 2009, 02:56
Luis, Home Buyer in Lehigh Acres, FL

50 K HOME LOAN IS NOTHING, THE BANK CAN GIVE YOU THAT LOAN, EVEN IF YOU HAVE BAD CREDIT, BUT A GOOD JOB...

Asked Thu Jul 2 2009, 07:21 by Luis  -  Financing in 33972  -  2 answers
Michael Byrne answered:
Luis, what is your question? Most elenders will want a 620 credit score minimum to make a mortgage loan currently.

Best of luck, - Thu Jul 2 2009, 08:53
Kylan, Home Buyer in 29824

Can anyone tell me how hard it is to get a USDA loan?

Asked Wed Jul 1 2009, 20:15 by Kylan  -  Financing in 29824  -  4 answers
Michael Byrne answered:
Kylan- it is not too hard, as long a sboth the property qualifies and your income is within the moderate limits. See the article I wrote as a featured zillow author, and check my trulia blog. a 620 credit score is generally the minimum.

http://www.zillow.com/blog/mortgage/2009/05/11/100-financing… - Thu Jul 2 2009, 05:33
Christine, Home Buyer in Quincy, MA

Question removed

Asked Tue Jun 30 2009, 10:57 by Christine  -  Financing in Canton  -  7 answers
Michael Byrne answered:
Christine, as Jeff suggested, you could most likely qualify for FHA financing. There is no income limit, and the down payment requirement is just 3.5% of the purchase price. A purchase and loan can even be structured so that the seller can pay a portion or even all of your closing costs.

Contact a mortgage professional who knows FHA loans, like myself! - Tue Jun 30 2009, 11:14
Hoboken1, Home Buyer in Hoboken, NJ

I'm looking for a mortgage in Hoboken as a first time home buyer. I've received a few good faith estimates

Asked Mon Jun 29 2009, 15:08 by Hoboken1  -  Financing in Hoboken  -  4 answers
Michael Byrne answered:
That is a great question. What do you consider to be very high application and commitment fees? I would be happy to provide a no-obligation quote for you. - Mon Jun 29 2009, 16:12
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Specialties
FHA and Investor Specialist. I take particular joy in educating first time homebuyers and placing them in the appropriate loan program from an FHA Loan, VA Mortgage Loan, USDA Loan, to a traditional Fannie Mae Loan.

I live by the motto "You can only keep what you have by giving it away."
Experience
Latest:
Loan Officer for Gateway Funding, DMS, LP
E-Commerce Division. Retail Personal Mortgage Banker for national mortgage banking firm with a strong local presence.
June 2006—present
Certifications & Awards
2004(West Orange, NJ) and 2005(Summit, NJ) Market Share Award, Weichert Financial Services
2004 Top Production Award, Morristown Region, Weichert Financial Services
Succesfully passed State Specific Licensing Requirements and/or Exams in New Jersey, Maine, New York, Maryland, Florida.
Former Instructor, NCCBOR(DE) Real Estate Continuing Education(Mortgage Finance).
Interests
Rugby, Base Ball, Hiking, Natural History, MMA
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