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Dave Mason's Q&A

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  • Questions (7)
  • Answers (267)
  • Best Answers (0)
  • Helpful (13)

Dave Mason wrote:

I have a 7/1 arm with 2 years to go. Should I go ahead and tackle a refinance?

Answer
I don't know if I would tackle it, but interest rates are low.  I think it is a great time to refinance.
March 31
(0)

Mortgage qualification guidelines

Answer
Here is some information on loan programs and loan guidelines.  Hope it helps.
March 31
(0)

Does an approval from the automated underwriting system mean approved? This is through Countrywide.

Answer
An automated approval only means you get the loan if you meet the conditions that it gives you.
March 31
(0)

1st and 2nd combine question

Answer
12k in fees, that seems to be out of the park.Mortgage Closing Costs Explained
March 30
(0)

First time buyer with co-borrow, mid-score of 558 going FHA.

Answer
You may have a tough time getting qualified for an Fha Mortgage.  You should talk to a lender and get prequalified first.
March 30
(0)

Refi advice please

Answer
I don't think I would do anything in your position.Refinance Information
March 30
(0)

Appraisal help and information. Please give advice

Answer
I don't think you are going to find too many appraisers that are going to stick their neck out to far in this market.  I don't think I would worry about it.
March 30
(0)

I am in the process pf a divorce;salary $50-65k a year>,Not strong credit. Best way to get a morgage

Answer
You may have a shot with an FHA Mortgage.  Low credit scores are harder to work with these days.
March 30
(0)

WHAT WILL THE MONTHLY MORTGAGE PAYMENT BE AND WHAT WILL I NEED UPFRONT

Answer
I'm not sure what you are asking for.  Hope this home buyer information is useful.Mortgage Calculator
March 30
(0)
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