Dave Mason's Discussions

The current rates on Jumbos are pretty high right now. Secondary is a bit skiddish on Jumbo loans at the moment. You may want to wait. As long as Jorge Bush is in office you should be ok. If the war planes start heading toward Iran I would probably refi. I guess my answer would be in this turbulent world, who knows. There are no guarantees in life.

In the world of secondary markets for mortgages you are just a number. You can always negotiate anything. Keep in mind there is no magic pool of money out there. I'm not saying be a door mat either. Depending what your expectations are you should be able to negotiate a good deal.

Yes.... they had assets. Do they have any reserves. Try a flex, Flagstar can go to a 575 fico on 100%.....

Have you tried www.optoutprescreen.com, it takes you out of the credit card offers. I have used it a few times. Good Luck...

That is one of their main products. Just watch TV, they run those stupid ads all the time.

At the least 50% of the available credit, 30% is better if you can do it. O% is better than that....

What are the circumstances...

Did you take out the second the same time as the 1st loan? If so you might be able to do a FNMA My Community Loan to 100%. You will have to come to the table with a check to close it however.

How old is it? If it is less than a year you can pay it and you can get a rescore. It would come off. If it is older than a year leave it alone. It probably isn't affecting you much if at all.

That seems a silly way to do it. Why not drop below the conforming loan limit then take out a small second. Then you wouldn't have to pay any points.