Profile picture for Steve Jacobson

Steve Jacobson's Advice

Contributions are sorted newest to oldest.

  • 114 Contributions
  • 1 Best Answers
  • 9 Helpful

Steve Jacobson wrote:

VA Interest-Only.

Response
Perhaps a reverse mortgage provided there is adequate equity or a conventional interest only program?
July 31 2011
(0)

DO I STILL HAVE TO PAY ANY TYPES OF FEES FOR A VA LOAN ?

Answer
Yes, in most cases a VA funding fee will apply. If you have a service connected disability, then VA may waive the funding fee.The VA funding fee can be paid by you or financed into the loan.Hope this helps, Steve
March 03 2011
(0)

I had a short sale in 6/09. My credit score is 700, how long before I can get a loan?

Answer
Hi Olive,My underwriting manual says 4 years. This applies to short sales, foreclosure, or deed in lieu of foreclosure. Hope this helps. Steve
July 16 2010
(0)

my husband has great credit and mines is bad. how can we add my income without me being on the loan

Answer
Short answer: no.If you're not on the application, your income cannot be utilized for qualifying. 
July 10 2010
(0)

Can I get a mortgage with w2/employer income verification without tax returns

Answer
IRS 4506 Copy of Tax transcript. If the transcript shows income/loss from rental property (schedule e) , self-employment (schedule c), or income/loss from partnerships/corporation, then a tax return is required to validate. If none of the above apply, then I don't believe a tax return will be conditioned by the underwriter. Hope this helps.
July 10 2010
(0)

can i get a mortgage after bankruptcy and foreclosure if i have sufficient income now?

Answer
Under conventional loans, it's 4 years before you are eligible for a mortgage.
July 10 2010
(0)

Refinance

Answer
I have 2 products available, 105% and 125%. The new loan can be up to 125% of the appraisal. Give me a call and I can work up a quote and see if it's worthwhile for you. Thank you, Steve
July 10 2010
(0)

Where can i find no-doc loans?

Answer
No-doc or stated loans are gone.
July 10 2010
(0)

Does lenders lend money on second home or investment properties with only 5% down?

Answer
Hello, In Florida, you will need 20% down. Steve
June 29 2010
(0)
Contact Lender
  • Please enter a first and last name.

  • Please enter a valid phone number.

  • Please enter a valid email address

  • Please fill in a note to the lender (5 character minimum, 800 character maximum).

  • Submitting contact...
    An unexpected error occurred. Please try again later.