Financing in 95054 : Advice

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Robert Hanson, Real Estate Pro in Silver Spring, MD
Robert Hanson answered:
I am looking to refinance my ( 5/1) arm Loan on my primary residence. My LTV ratio is 85% according to
Hi Prashanth,
It sounds as if your local bank may have what we call an underwriting "overlay". What this means is that they have stricter guidelines in place for themselves than may be ... more
0 votes Share Flag Wed Jan 8, 2014 Financing in 95054
Robert Hanson, Real Estate Pro in Silver Spring, MD
Robert Hanson answered:
Planning to take a confirming loan for buying home and confused between 5/1 ARM and 30 yr fixed loan. Interest rate difference is 1.5 which is better
Hello,

There is a break even point on worst case scenario for the 5 year arm that is longer than 5 years. There are sevral non-numerical factors to take into consideration along with ... more
0 votes Share Flag Wed Jan 8, 2014 Financing in 95054
Michael Camp…, Real Estate Pro in Entire U.S.
Michael Campanaro answered:
What about FHA loans for re-financing a home with lots of equity? Can we avail by this service? Also, will
Yes you can do a cash out refi with an FHA loan. You can go as high as 95% of the value of the home. Would you like to discuss this further?
I can be reached at 908-868-2021.
Best reg ... more
0 votes Share Flag Sat Jun 14, 2008 Financing in 95054
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