Mortgages discussions and local services.
grahamthomas
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RE: Why does getting a bigger mortgage have to be so complicated?
JUMBO mortgages are very simple, sometimes less invasive than a conventional mortgage. Lenders that are in this space vary greatly between required items during underwriting. If you want to talk with more detail on your ...
RE: Refinance appraisal waiver or full appraisal after renovations?
This depends on the lender and how they treat using an appraisal waiver vs a full appraisal. My experience is, the automated valuation method can be beneficial for certain loan types like HELOC or conventional loans. For...
RE: Is it just me or is refinancing way more complicated than it needs to be?
Jack, when refinancing your loan the process is very simple. You qualify by your credit, your income, and what loan structure you are looking for. Documentation proving to an underwriter your situation is very simple. Re...
RE: Adjustable vs fixed mortgages - what's your take?
Hey, Adjustable rate mortgages are beneficial if you have a mortgage broker that follows your loan and helps you refinance prior to hitting the adjustable period. Borrowers always benefit from having a lower rate for 5, ...
RE: For renovation income, do underwriters rely on tax returns or project records?
Adam, when you are doing renovation loans or fix and flip loans, that you have it structured properly as a business purpose loan instead of a personal loan. This will allow you to eliminate providing personal tax returns...
RE: Tapping Into Home Equity: Would You Risk It For Renovations?
The Market should have no bearing on you re-doing your kitchen or deck. If it needs to be re-done, and you are looking at what you saved for this project; and if the answer to that is zero or nothing. Then your best opti...