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Crestico Funding

Lender

Real Estate Mortgage Lending (7 years experience)

Specialties:
Purchase Loan,
Refinancing,
Home Equity,
Mortgage Planning

Advice

  • (62 Contributions,
  • 0 Best Answers,
  • 3 Helpful)

Contributions are sorted newest to oldest.

5/1 ARM Refinance..To Do or Not to Do

Answer

Hello,Refinancing into an ARM for someone who has a solid plan is great if the loan program works for them, if you are sure you will be moving out of that house in 1-3 years (less than 5 years) and you want to sell the house, then it is a great way to save money. Depending on your loan amount and fico score and loan to value, interest rate of 3.75 is a little high for a 5/1 ARM in my opinion. Please feel free to call us for more information.

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What can I do to get more (or better) quotes for my loan request ZR-LHHJYBM

Answer

Hello Elaine, Have you considered contacting one your your local Mortgage Brokers? we have some programs avaible but they are case by case, please feel free to call or email me us for more information. Interest Rates on Investment Properties for DU Refi Plus  programs are not attractive in general.

  (0)
Need Help From My Fellow Loan Originators

Answer

Perhaps the first Minute and half of this clip can give you a little idea as what MERS doeshttp://www.thinkbigworksmall.com/mypage/archive/1/53413/It does explain why MERS is needed to see what has happened with this loan.

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