I would recommend finding a broker or service to help you locate a reputable lender that can approve your loan at a decent rate. I have client's who have got approved and received a good rate at The Lenders Network... more
I am married to a new resident of the united states and my wife was able to get a mortgage without the help of anyone else. As long as you have the ability to gain a legal social security number, no problems should arise.... more
Prefex, you did not mention if this is owned by Fannie Mae or Freddie Mac. You need to know which one and it makes a huge difference in what can and cannot be done and how easily. Freddie Mac is going to be harder. If your DTI is above 45% you will have a tough if not impossible time getting refinanced. If your mortgage is owned by Fannie Mae, Sarah, who answered prior is correct and DTIs can go as high as 65%. The LPMI is also much easier but still depends on what type you have. The loan officer will need to find out whether it was paid in one lump sum or paid monthly because it's important. If the referral you were given does not work out for you, give me a call.... more
I recommend you talk to a great mortgage broker / banker with at least 10 years experience. I highly recommend Deborah Still, a certified mortgage planer, of Sterling Savings Bank. Sterling can broker to many lenders and can also portfolio loans that make sense. Contact me at http://www.karenmcknight.com and we can talk in more depth to see if Deborah or another lender is the best fit for your needs.