• We would like to refinance, but we think we are upside down. We owe about 700,000 on our mortgage and most of what is selling in our neighborhood is in the mid 600's. We have cash to right our equity position, but we are hoping to put as littl
Mar 05, 2012 |
Jennifer Keenan rejoins the team of mortgage professionals at Tidewater Home Funding, LLC as Senior Mortgage Consultant. Keenan has over eight years of mortgage lending experience, and will assist in business development with REALTOR®, builder and ban
Mar 05, 2012 |
• We are looking at buying a lot and would like to build. Please explain to me, what is acquisition cost? The acquisiton cost is the cost of construction plus the cost of the lot. So, if it costs $300,000 to build your home and the lot cost is $
Feb 27, 2012 |
Scenario: Streamline 203K purchase loan has closed. The contractor has completed the first phase of work, and the estimated work was OVER budgeted by $200.00. What this means is that there is $200 unused money… Question: Can the borrower
Feb 27, 2012 |
I’ve seen many ads on TV about Reverse Mortgages. Just what is a Reverse Mortgage and how does it work? Essentially, a Reverse Mortgage is a mortgage that pays you, the borrower, instead of you paying the bank. A borrower must be age 62 or older and
Feb 24, 2012 |
The property must be an eligible HECM (Reverse Mortgage) property and must be a single family residence only – no 2-4 unit properties. Allowable Fees must be typical for the market. Costs associated with the HECM loan must be paid by the buyer
Feb 24, 2012 |
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