As a nurse anethetist, one does not attend "medical school" rather it is "nursing school" Medical school implies doctorate degrees MD, DO. Nursing school implies masters degrees, unless one gets a PhD, which still would not be considered a medical doctor. I think your terminology is confusing you.... more
There are other government grant programs in the Charlotte area that can get you to 100% financing. Try NACA (could be a lengthy process) or House Charlotte (will require a House Charlotte lender and a 4 hour buyers education class). If you need help finding information for either of these programs contact me and Ill be glad to help!
If you owe $530k and want to borrow $200k, but your home is only worth $620k... (530+200=730) then you are asking to borrow $110k more than your home is worth. There is no loan for this that I know of. Maybe I'm missing something?... more
I am not aware of any particular mortgage...but with that said, have seen short term specials run by mortgage companies from time to time that offer reduced closing cost fees to people in specific job fields....ie teachers, police, firefighters etc. Try doing a search online or calling several local mortgage companies to ask. Good Luck... more
Yes you can use the rent payments to help you qualify for the investment property purchase. You can also the market rent even if the property is not currently rented. The appraiser will list the fair market rent on his report.
Licensed Mortgage Loan Originator, NMLS# 243087
American Mortgage Services CO NMLS# 259805
Yes you can qualify under the current FHA guidelines with a 3.5% down pay payment and re-establish credit. Now is the time to sure up your credit if your are looking to move forward in April.
I recognize that you are very busy, so I am only asking you to spend 6 minutes with me to discuss your needs so we can determine if we can be of service to you. After answering just a few simple non-credit related questions (I do not need to pull your credit report in advance) I will be able to email you some options that will allow you to immediately determine if we are the right choice for you and your family.
I look forward to working with you to make your dreams a REALITY.
The Federal Savings Bank
Alpha - FHA doesn't lend on second (2nd) homes so you'll have to have a job within a drive of an hour or two of the house you are buying. Why not buy in the sticks of New Jersey or upstate new York?
I have Wells Fargo foreclosures that you can buy in New Jersey or New York that are cheaper than the one listed on the MLS or Trulia.com
Contact me to get pre-approved and then I can share those REO (bank owned) properties with you.
In my experience, 1099s do require additional proof of income which may be what is generating the feedback you're receiving in regard to waiting another year. I have had clients that experienced similar setbacks despite their strong credit and home equity.
That said, I would encourage you to speak with Johnatan Romero of Movement Mortgage who has handled renovation loans for us in the past. He can be reached via email at firstname.lastname@example.org. Let him know I sent you - he is a great resource.... more
The short answer is yes. The lien holder would have to agree to subordinate to the first trust. Email me at email@example.com or call at 571.246.4373 to discuss. I am in south Charlotte.... more