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Loan Officer (22 years experience)

Purchase Loan,
Mortgage Planning,


  • (3429 Contributions,
  • 40 Best Answers,
  • 656 Helpful)

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VOE after closing


Either what Wetdawgs says or your loan was picked for a random post closing audit. If a lender does enough business, as a matter of good practice, they will have a certian number of closed files audited. It's so that they may check the work performed by the underwriters and processors on your file.

Looking for options to upgrade home in MA


If you are able to put down 10%, then a piggy back might be the way to go.  Please contact me through my profile to discuss what rates and payments might look like.

Financing question


Its possible but with no visible income it may be difficult to find.  You should check with some local banks and credit unions. Sometimes a smaller HELOC amount will be approved on your credit score only.

Condo complexes in Arlington that require owner occupancy.


Which is why when you are looking for a property, you will want to know that owner occupancy ratio.  Low owner occ can (not always) mean the place will look run down, tennants may not care about trash and upkeep, and tennants may not be as respectful of neighbors.Good luck in your search and get preapproved!!

Piggyback mortgage


I am not aware of a 5% down payment with a Piggyback. Typical Piggybacks need 10% down and are typically 80-10-10 or 75-15-10.