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Eric Vander Werff's Advice

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  • 282 Contributions
  • 5 Best Answers
  • 30 Helpful

Eric Vander Werff wrote:

No or low down payment loans on investment property in Colorado

Answer
I don't know of a lender that is doing these with less than 20% down, honestly. 
August 05
(0)

Need to raise credit score fast - mortgage lender will do a rapid rescore.

Answer
I don't see how you are going to re-score your way back to your 760+ FICO by manipulating your AMEX or lease. I have seen scores drop when removing disputes, its unfortunate this wasn't requested on the front end of the application.  If you are, "late in the process," you may want to consider just closing your loan and being done with it. 
August 01
(0)

How to buy a new primary residence before selling my existing one.

Answer
I have done this several times via cash out refinance to pull the needed funds from the existing primary residence, then close on the new loan concurrently or shortly after. Every scenario is a little different but this can be done in a 30-45 day timeline, depending on your specific qualifications. I would be happy to review your options with you. 
August 01
(0)

Can I get a loan or is there any way I can have a loan?

Answer
Agreed with Nik, you might qualify but you will need to get all your financials together for 2 years and have an experienced Loan Officer review them.
August 01
(0)

560 and 665 credit score help

Answer
There are a lot of factors that go into obtaining a mortgage, FICO score is just one of them. Does the 665 score have enough income to qualify? Have you spoken to a loan officer yet? Are these consumer scores from one bureau or are these your middle scores? More questions then I can list, feel free to reach out if you would like to discuss the details of your situation.
July 31
(0)

636 middle score trying to get VA loan in Waldorf MD

Answer
Yes, feel free to contact me through my profile. We will need to work together every step of the way.
July 31
(0)

Want to refi out of FHA

Answer
You may be able to refinance into a conventional product with a lower MI payment with what you described. The automated system will be the determiner. There is no cost or obligation if you would like to discuss this in more detail. Please reach out through my profile as we are not allowed to post contact information in the thread. 
July 02
(0)

First time buyer looking for mortgage advice (origination fees and such)

Answer
Sorry - I thought I had read that you were applying for an FHA loan - I apologize for my error, but even conventional should be better than this.
July 01
(0)

First time buyer looking for mortgage advice (origination fees and such)

Answer
That is not even close to where the market is based on what I am pulling up. 4.25 should be giving you like a $10000 closing cost credit, for Miami-Dade, anyway. Am I missing some details of your situation? 
July 01
(0)

financing-can we use both my husand and my income but just husband credit

Answer
Maybe - we have access to a bank statement program that might work, I would need many more details about your situation. Please reach out through my profile, we are not allowed to post contact info in the thread.
July 01
(0)