Financing in 95757 : Questions & Answers

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Jim Tracy, Home Buyer in Viva P  Lapham, Cocoa,...
Jim Tracy answered:
what can i do if going through a divorce?
Finances are always a hard part about divorce. They are sometimes even the cause of divorce, and then it's just added stress after that. It's just a tough situation all around. Good luc ... more
0 votes Share Flag Fri Jul 11, 2014 Financing in 95757
Joycelewis412, Home Buyer in Sacramento, CA
Joycelewis412 answered:
Refinance with 2 foreclosures on record?
There is a site that will help you determine if you can qualify for a refinance after short sale, foreclosure, or filing bankruptcy. Check out http://www.whywaitbuytoday.com
0 votes Share Flag Fri Apr 18, 2014 Financing in 95757
Sheryl Arndt, Real Estate Pro in California
Sheryl Arndt answered:
Can my ex close on a house before our divorce is final? Can I get half?
Hello Sarah, you would have to sign a quit claim or be legally separated. You will be responsible for half the payment and debt but there is not going to be any half of equity but only ... more
0 votes Share Flag Thu Sep 26, 2013 Financing in 95757
John Burke, Real Estate Pro in Austin, TX
John Burke answered:
MIP and refinancing options. I purchased a fixer-upper with an FHA loan and would like to refi to conv as to stop MIP. Wondering what is involved?
Hi Bheadpictures,

That's a good idea but you're going to have a problem due to the county loan limits on conventional loans. In LA County Fannie Mae/Freddie Mac will only go to $625, ... more
0 votes Share Flag Fri Jan 4, 2013 Financing in 95757
Jim Simms, Real Estate Pro in Louisville, KY
Jim Simms answered:
FHA loan Q: Can the 2.25% FHA cost be paid as part of closing costs instead of adding to loan??
Yes it can be paid by any party to the transaction, buyer, seller or lender. But whoever pays it must pay all of it, so if you roll it into the loan, all of it must be rolled into the ... more
0 votes Share Flag Tue May 22, 2012 Financing in 95757
Steve Ornell…, Real Estate Pro in Fremont, CA
Steve Ornellas answered:
FHA loan refinance to conventional
Hi Dave,

You correctly state that FHA loans carry a mandatory 5-year MI period regardless of LTV percentage, and after this 5-year period the your original LOAN AMOUNT must be paid ... more
1 vote Share Flag Fri Apr 30, 2010 Financing in 95757
Jeff Marr, Real Estate Pro in Folsom, CA
Jeff Marr answered:
I want to refinance my current residence and make some needed repairs, then purchase another property; what impact will this have on my credit score
Fnmimah7 - I'll echo Barbara's response, and ask a question of you: have you spoken with a loan officer to yet to learn the relatively new rules regarding converting your prin ... more
0 votes Share Flag Fri Apr 2, 2010 Financing in 95757
Jeff Marr, Real Estate Pro in Folsom, CA
Jeff Marr answered:
Bought a home 5 months ago. Would lenders be ok to lend if I buy another one??
Dave - the advice you've rec'd from Jim and Roswell is correct.....you'll need to wait 12 months before a lender will allow another primary residence transaction.....the ... more
0 votes Share Flag Thu Apr 1, 2010 Financing in 95757
Lew Corcoran, Real Estate Pro in Raynham, MA
Lew Corcoran answered:
For FHA loans, why MIP(mortgage insurance premium) is charged, in addition to PMI??
FHA charges mortgage insurance premiums for its loan products. But, they break up the premium in two parts to make owning a home more affordable. The best way to explain it is to compar ... more
1 vote Share Flag Tue Mar 23, 2010 Financing in 95757
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