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I'm looking for a lender to help me refinance my daughter's condo

I want to refinance my adult daughter's condo to help lower her monthly costs. My daughter is disabled and on social security and I (her mother) would be the mortgage holder. I need help finding a lender...............
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November 27 2012 - Salem
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Answers (9)

I'm going to go out on a limb here becuase I'm not sure this would apply in your case, but in general:

If your daughter is physically or developmentally handicapped you can qualify with her and the loan would be considered "owner occupied", the same would apply even if she were not on the loan.

This would be for a Fannie Mae loan.

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November 28 2012
I Have been working with Leah Martin at Salem 5 home loans for 10 years.  She is by far the best in the biz.  Her number is-   781-727-5365.

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November 28 2012
Good Morning,

My name is Shamere Grant with Magnolia Bank out of Louisville, Ky. I would love to have a conversation with you to determine what options you and your daughter have as far as refinancing the Mortgage.

It's hard to determine what I could offer without knowing a little more key information.

My office phone number is [Phone removed by Zillow moderator. Please see our Good Neighbor Policy.]

Thanks,

Shamere
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November 28 2012

Reach out to me if you would like more information.  Check out my profile and let's discuss further if you would like.

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November 27 2012
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Not so good with the terminology but I believe it was a conventional loan; the loan is currently with Chase Morgan, she qualified for the first time home buyer "rebate" that was available in 2009. I was waiting for the 3 year waiting period to be up and it has now been just over 3 years.

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November 27 2012
What type of loan is it?  Is it an FHA or Conventional?
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November 27 2012
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I am not currently on the mortgage and yes she qualified on her own prior to going on disability.
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November 27 2012
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I recently bought a home and we used the purchase and renovation loan aka FHA 203K loan. Other than getting the contractor bids in I don't think it was much different than a regular loan. We used Barry Koven at Wells Fargo and his demeanor and knowledge of the renovation loan process made it a really good experience with not to much stress. I definitely would recommend Barry. 718-780-9103
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November 27 2012
Are you currently on the mortgage?  Did your daughter qualify at one point on her own for a mortgage? 

Geofrey
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November 27 2012
 
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