Financing in 78738>Question Details

Kisungi, Home Owner in 78738

Have primary home in CA w/reverse mtg. Have 2nd home with son and me on title & mtg. Sons credit bad now, can I refinance on my own 800 score.

Asked by Kisungi, 78738 Sat Jul 14, 2012

my e-mail:

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Don Groff’s answer
As long as you would be able to support the payment with your other obligations you would should not have any issues. It is going to come down to your obligations as your credit does not appear to be an issue.

Don Groff
REALTOR® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o 512.669.5599 m 512.633.4157 |
0 votes Thank Flag Link Sun Jul 15, 2012
Kisungi, if your income, and debt to income ratio is strong, you can probably refinance the home. If you would like the name of a few excellent lenders who can help, and analyze your situation for free as well, please contact me.
Joe Jarusinsky, Keller Williams Realty, 512-261-4415
0 votes Thank Flag Link Sat Jul 14, 2012
Ratio front/backend 38-46%, is this good, will call. Thanks
Flag Sun Jul 15, 2012
Not a problem if you qualify for the payment yourself.
0 votes Thank Flag Link Sat Jul 14, 2012
some lender say, they can't sell loan to secondary mkt,how can you have a 2nd home w/son living there?!! Underwriters can't approve it!!!etc
Flag Sat Jul 14, 2012
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