Chris Corica's Q&A

Why do you feel you need a non Fannie/Freddie bank?

You may have options but additional info is required to make that determination. Feel free to contact me through my profile for a no cost, no obligation mortgage consultation.

Yes. Feel free to contact me through my profile for a no cost, no obligation quote.

Hi User362665. Looks like shapiroamg did an excellent job answering your question. Feel free to contact me through my profile for a no cost, no obligation mortgage consultation.

Hi Spanky. Clay is correct. The length of time you plan on staying in this home will be a key factor in determining if a refinance is right for you. Also, you do NOT have to stay with BOA. You can still have a CEMA done to avoid the NYS mortgage tax even if you go with a new lender. They are not the fastest or easiest to work with BUT, you do have options. Feel free to contact me through my profile for a no cost, no obligation mortgage consultation.

It depends how long you have been collecting rental income and how it appears it your previous years tax returns. Just to be clear, more or less income won't affect the max loan amount or loan to value.

In this scenario your max loan amount would be $417,000 with an LTV no higher then 80%

Here is a good link to help with your question;http://www.zillow.com/blog/2009-05-01/what-is-the-difference-between-interest-rate-and-apr-annual-percentage-rate/

Feel free to contact me through my profile for a no cost, no obligation mortgage quote and consultation.

Don't you have a manager or supervisor? Seems like an odd request for a message board.