Zillow Advice RSS: Question-Discussion-Guide,Mortgage Types,CA http://www.zillow.com/advice/CA/mortgage-mortgage-types/question-discussion-guide/mortgage/?s=0 Zillow Advice search results | Zillow Real Estate 5% Down payment without PMI? http://www.zillow.com/advice-thread/5-Down-payment-without-PMI/447761/ nothing without Mortgage Insurance. even the FHA will require MIP.<br/><br/>20% down to escape the mirtgage insurance<br \><br \>0 replies Thu, 21 Jun 2012 19:39:00 GMT http://www.zillow.com/advice-thread/5-Down-payment-without-PMI/447761/ 2012-06-21T19:39:00Z Reverse Mortgage? http://www.zillow.com/advice-thread/Reverse-Mortgage/444866/ 2 replies Wed, 30 May 2012 21:07:00 GMT http://www.zillow.com/advice-thread/Reverse-Mortgage/444866/ 2012-05-30T21:07:00Z Mortgage Savings Account http://www.zillow.com/advice-thread/Mortgage-Savings-Account/192616/ Does anybody have experience in using this type of <a href="http://www.zillow.com/mortgage/">Mortgage</a> Offset account?<br \><br \>3 replies Mon, 26 Jan 2009 19:51:00 GMT http://www.zillow.com/advice-thread/Mortgage-Savings-Account/192616/ 2009-01-26T19:51:00Z VA Home Loan Financing http://www.zillow.com/advice-thread/VA-Home-Loan-Financing/426533/ <strong>a VA <a href="http://www.zillow.com/mortgage-rates/">mortgage</a> requires no <a href="http://www.zillow.com/mortgage/help/Private-Mortgage-Insurance.htm">mortgage insurance</a> of any kind<br/><br/></strong>IRS considers the funding fee to be MI.<strong><br/></strong><br \><br \>0 replies Thu, 22 Dec 2011 20:52:00 GMT http://www.zillow.com/advice-thread/VA-Home-Loan-Financing/426533/ 2011-12-22T20:52:00Z Can a non-resident get loan who has job offer but job not started yet? http://www.zillow.com/advice-thread/Can-a-non-resident-get-loan-who-has-job-offer-but-job-not-started-yet/518402/ Every lender's requirement are different. &nbsp;Talk to your local bank, credit union, mortgage brokers and find one that will work with you. &nbsp;Also you should apply for 3 credit lines to build on your credit. &nbsp;Best of luck.<br/><br \><br \>0 replies Fri, 08 Nov 2013 20:48:00 GMT http://www.zillow.com/advice-thread/Can-a-non-resident-get-loan-who-has-job-offer-but-job-not-started-yet/518402/ 2013-11-08T20:48:00Z New Year's Resolutions http://www.zillow.com/advice-thread/New-Year%27s-Resolutions/183355/ <p>Geoff&nbsp;is a <a href="http://www.zillow.com/mortgage/">mortgage</a> guy, thus this is a mortgage related post.</p><br \><br \>0 replies Thu, 01 Jan 2009 23:29:00 GMT http://www.zillow.com/advice-thread/New-Year%27s-Resolutions/183355/ 2009-01-01T23:29:00Z where can i find loan to buy and remodel home? http://www.zillow.com/advice-thread/where-can-i-find-loan-to-buy-and-remodel-home/529217/ i want to purchase a home that needs remodeling, is there a way to get a mortgage loan for the total amount i need for purchase and remodeling? or a way to get a separate secondary loan to remodel home? i don't want to purchase home and not be able to remodel. &nbsp;<br \><br \>11 replies Thu, 20 Feb 2014 18:56:00 GMT http://www.zillow.com/advice-thread/where-can-i-find-loan-to-buy-and-remodel-home/529217/ 2014-02-20T18:56:00Z Any lender who specializes in mortgage for foreign nationals in los angeles? http://www.zillow.com/advice-thread/Any-lender-who-specializes-in-mortgage-for-foreign-nationals-in-los-angeles/237403/ 2 replies Thu, 21 May 2009 08:17:00 GMT http://www.zillow.com/advice-thread/Any-lender-who-specializes-in-mortgage-for-foreign-nationals-in-los-angeles/237403/ 2009-05-21T08:17:00Z 5% down Conventional Mortgage with LPMI http://www.zillow.com/advice-thread/5-down-Conventional-Mortgage-with-LPMI/523044/ It likes look both of you have great credit and income that should help you get the mortgage that you need. The next step for you is to call up and speak to some local Orang County lenders like myself. There are lender like myself in Orange County that can offer you the 5% down conventional loan that you are looking for. Of course your finances will need to be in place and analyze by the lender, but it seems you have good things going for you.&nbsp;Either way, the best thing for you to do is to speak with a lender directly to see if you can get started on financing with your situation or advice on what to do next. There are lenders like myself that would be glad to speak with you to help you get the loan that you need. Well I hope this helps! If you have any further questions or if you would like a loan, feel free to contact me.<br/><br/>Good Luck!<br \><br \>0 replies Thu, 02 Jan 2014 19:48:00 GMT http://www.zillow.com/advice-thread/5-down-Conventional-Mortgage-with-LPMI/523044/ 2014-01-02T19:48:00Z Need a good broker in Southern California. http://www.zillow.com/advice-thread/Need-a-good-broker-in-Southern-California/427512/ ABroman, &nbsp;The NMLS (National <a href="http://www.zillow.com/mortgage-rates/">Mortgage</a> Licensing System) is still in its infancy (about a year). &nbsp;Alll mortgage originators were required to renew our licenses on, or before, Dec. 31st. &nbsp;It would be nice if the system used a rotation renewal system (renew in the month you get your license); however, legislation saw the wisdom to putting the entire industry on a one day cycle.<br/><br/>That said, glitches happen. &nbsp;Many mortgage professionals had licenses "teminated" at midnight Dec. 31st and are in the process of scrambling to get the invoice of completion of continuing education classes to NMLS or getting our company's correspondence with NMLS moving along at faster clip.<br/><br/>After twenty five years in the mortgage industry (and Rudi's background drawfs mine), I can assure you there is no scam going on. &nbsp;I have colleagues who's license is "terminated" today and should be active tomorrow. &nbsp;Mine may take three days to reinstate because of backlogs with NMLS. &nbsp;<br/><br/>Fortunately, for <a href="http://www.zillow.com/mortgage-rates/">loan</a> officers at depository banks and credit unions, they are not required to be licensed and complete any continuing education classes, so this little "hiccup" has no effect on them. &nbsp;However, since they are not required to have any education and/or experience, their ability to read your tax returns as a self employed <a href="http://www.zillow.com/mortgage-glossary/Borrower/">borrower</a> are pretty minisucle. &nbsp;Good luck with your financing.<br \><br \>0 replies Tue, 03 Jan 2012 22:50:00 GMT http://www.zillow.com/advice-thread/Need-a-good-broker-in-Southern-California/427512/ 2012-01-03T22:50:00Z interest free loan question http://www.zillow.com/advice-thread/interest-free-loan-question/378684/ <p class="MsoNormal">Does he do this on investment properties or on homes that he lives in? Either way paying off real estate as quickly as possible is one of the worst investment strategies there is. Primary residence, investment property, interest only, or otherwise.<br/><br/> Lets also look at getting an interest only loan for the purpose of paying it off as quickly as possible. Assuming paying it off wasn't a bad idea using an interest only loan to achieve that goal is also counterproductive. An interest only mortgage has a HIGHER interest rate than a mortgage where principal and interest payments are required. So, in getting the interest only loan he ends up paying more in interest and it takes him longer/more cash&nbsp;to pay off the loan. It makes absolutely no sense if paying off the loan is the primary goal and reason for the IO loan in the first place.<br/><br/> That isn't to say an interest only loan is a bad choice for everyone, it isn't, it's a great tool for <strong>some</strong> investors to manage cashflow. But for the person (foolishly) trying to pay off the mortgage as quickly as possible, it's about as bad a decision as they can make due to the higher interest rate.<br/><br/> Hope this information helps...<br/><br/>Sincerely,<br/>Greg</p><br \><br \>0 replies Mon, 27 Dec 2010 18:41:00 GMT http://www.zillow.com/advice-thread/interest-free-loan-question/378684/ 2010-12-27T18:41:00Z Who can assist me in getting 30-year fixed mortgage with good rate under Foreign National program? http://www.zillow.com/advice-thread/Who-can-assist-me-in-getting-30-year-fixed-mortgage-with-good-rate-under-Foreign-National-program/355145/ If the mortgage loan is over $750,000 call me. I have several lenders that may help you. .... Happy funding, Rudi<br \><br \>0 replies Fri, 25 Jun 2010 17:45:00 GMT http://www.zillow.com/advice-thread/Who-can-assist-me-in-getting-30-year-fixed-mortgage-with-good-rate-under-Foreign-National-program/355145/ 2010-06-25T17:45:00Z I'm looking for a lender that can combine a dpa program with a homepath mortgage http://www.zillow.com/advice-thread/I%27m-looking-for-a-lender-that-can-combine-a-dpa-program-with-a-homepath-mortgage/433118/ In reading the Homepath mortgage specifications, it says that the 3% down payment can be in the form of a loan from various dpa programs, but both lenders I have spoke with say that fannie does not allow dpa programs with their mortgage products. <br/>If anyone knows of a lender that can do this for a california property in Riverside, San Diego or Orange counties, please advise.<br/>Thanks<br \><br \>2 replies Sun, 26 Feb 2012 20:05:00 GMT http://www.zillow.com/advice-thread/I%27m-looking-for-a-lender-that-can-combine-a-dpa-program-with-a-homepath-mortgage/433118/ 2012-02-26T20:05:00Z I was approved for a home loan modification however it was only lowered$200,what can we do?stillhigh http://www.zillow.com/advice-thread/I-was-approved-for-a-home-loan-modification-however-it-was-only-lowered-200-what-can-we-do-stillhigh/413239/ Dear Lekisch,<br/><br/>If your mortgage is not affordable for you to pay, you might want to consider selling.&nbsp; If you don't want to go that route... speak to a lender about refinancing.&nbsp; Although I'm not sure what the guidelines are with that considering you just did a remod on your loan.<br/><br/>Speak to a good lender.&nbsp; <br/><br/>~S<br \><br \>0 replies Fri, 26 Aug 2011 19:10:00 GMT http://www.zillow.com/advice-thread/I-was-approved-for-a-home-loan-modification-however-it-was-only-lowered-200-what-can-we-do-stillhigh/413239/ 2011-08-26T19:10:00Z I want to buy a 1,000,000 house. http://www.zillow.com/advice-thread/I-want-to-buy-a-1-000-000-house/198817/ Some of the West coast <a href="http://www.zillow.com/directory/lenders/">Lenders</a> will be better able to answer your questions. The Jumbo mortgage&nbsp;market has basically dried up over the past year. One observation- if the $250k depletes all your funds, I would re-think purchasing in&nbsp;this price range. You will want reserves for additional expense that are inherent with a larger home and the development.<br \><br \>0 replies Fri, 13 Feb 2009 00:13:00 GMT http://www.zillow.com/advice-thread/I-want-to-buy-a-1-000-000-house/198817/ 2009-02-13T00:13:00Z Please explain: What is a REVERSE mortgage ? Thank you, Maria K. Castano http://www.zillow.com/advice-thread/Please-explain-What-is-a-REVERSE-mortgage-Thank-you-Maria-K-Castano/421154/ 3 replies Sun, 30 Oct 2011 11:00:00 GMT http://www.zillow.com/advice-thread/Please-explain-What-is-a-REVERSE-mortgage-Thank-you-Maria-K-Castano/421154/ 2011-10-30T11:00:00Z SF multiplex purchase- http://www.zillow.com/advice-thread/SF-multiplex-purchase-/535798/ How many units is this property? You need to contact a Mortgage Professional to get a thorough analysis of all of your specific information. There may be options where you can restructure the other properties and/or some debts to reduce your DTI and help you better qualify for this new acquisition. If you have any additional questions you can contact me through my Profile. All the best!<br \><br \>0 replies Thu, 10 Apr 2014 17:56:00 GMT http://www.zillow.com/advice-thread/SF-multiplex-purchase-/535798/ 2014-04-10T17:56:00Z Two Big Banks Exit Funding Reverse Mortgages http://www.zillow.com/advice-thread/Two-Big-Banks-Exit-Funding-Reverse-Mortgages/404173/ <a rel="nofollow" href="http://www.nytimes.com/2011/06/18/your-money/mortgages/18reverse.html?_r=3" title=" (Full address: http://www.nytimes.com/2011/06/18/your-money/mortgages/18reverse.html?_r=3)">http://www.nytimes.com/20 ... html?_r=3</a><br/><br/>I primarily used Wells. I've taken RM off my website. I know there are smaller lenders like Security One for now, but&nbsp;they all might&nbsp;vanish within the year.<br/><br/>Happy funding, Rudi<br \><br \>6 replies Mon, 20 Jun 2011 16:17:00 GMT http://www.zillow.com/advice-thread/Two-Big-Banks-Exit-Funding-Reverse-Mortgages/404173/ 2011-06-20T16:17:00Z Can you get a jumbo loan with less than 20% down (we have high income and excellent credit)? http://www.zillow.com/advice-thread/Can-you-get-a-jumbo-loan-with-less-than-20-down-we-have-high-income-and-excellent-credit/473656/ Hello and Thank you for posting your question:<br/><br/>Being based in San Francisco, I pretty much work in the Jumbo Loan area. That being said I know of certain markets where you may possibly obtain a jumbo mortgage up to 85% Loan To Value Ratio. &nbsp;That would mean you would have to put down at least 15%. &nbsp;Now I have only done a few of these and they were a little difficult but if you have excellent credit and very high income it is possible.<br/><br/>** I just noticed your price point and I do know of one lender that will allow you to go 10% down at that loan amount.<br/><br/>Private message me if you would like a referral of who can do this.<br/><br/>I hope this helps<br/><br/>Chris Perez - Real Estate Finance - San Francisco, CA<br \><br \>0 replies Tue, 08 Jan 2013 23:54:00 GMT http://www.zillow.com/advice-thread/Can-you-get-a-jumbo-loan-with-less-than-20-down-we-have-high-income-and-excellent-credit/473656/ 2013-01-08T23:54:00Z what is disc with regard to a mortgage? http://www.zillow.com/advice-thread/what-is-disc-with-regard-to-a-mortgage/199793/ 2 replies Mon, 16 Feb 2009 03:28:00 GMT http://www.zillow.com/advice-thread/what-is-disc-with-regard-to-a-mortgage/199793/ 2009-02-16T03:28:00Z