Financing in Port Monmouth : Real Estate Advice

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Gregorio Den…,  in San Diego, CA
Gregorio Denny answered:
How long to close a FHA Mort refiance had a bankrupct 2 yrs ago have conv loan 240,00 2nd mort 140,000 home value $420,000?
You've asked this in 3 different variations so I'm unsure what you are actually trying to accomplish. If your mortgages total 380K with a value of 420K, you can refinance to a ... more
0 votes Share Flag Tue May 10, 2011 Financing in 07758
Gregorio Den…,  in San Diego, CA
Gregorio Denny answered:
mort 240,000 2nd mor 140,000..home Vaue is 420,000 can I cash out fha refi with the 1st mortg and still have the 2ndmort? bankrupcy 2 yrs ago
NO, FHA allows a cash out refi to a max of 85% CLTV, you are at 90%.
0 votes Share Flag Tue May 10, 2011 Financing in 07758
Camille  Mar…, Real Estate Pro in Millstone, NJ
Camille Marotta answered:
FHA Mortgage refiance after (2 year M )bankrupcy.. will I get a higher rate and how long do I have to pay MI? loan amount $385,000 Home value 420,000
Your rate is based on your credit score. If your score is 640 and above you will not pay a higher rate. We have numerous FHA lenders (GMI is a banker) that offer credit scores as low ... more
0 votes Share Flag Tue May 10, 2011 Financing in 07758
Camille  Mar…, Real Estate Pro in Millstone, NJ
Camille Marotta answered:
Hoping to refiance my mortgage after chapter 7 bankrupcy ( 2 year mark).. will I have to get a FHA loan and because of bankrupcy higher interest rate?
Your credit score and your loan to value will determine if you will go conventional or FHA. Most often after a bankruptcy FHA is the chosen lender. You will not be penalized rate wise ... more
0 votes Share Flag Tue May 10, 2011 Financing in 07758
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