
Feb
20
2012
Most fees are on the buyers side on a purcahse. Settlement fee, title insurance etc are usually on the buyers. side. But like Mike said it’s all negotiable. Hope this helps and if you need a referral to a good title company please let me know.
Thanks,
Brent Mendelson
Monarch Mortgage
nmlsr#111407
Feb
16
2012
If you live in DC,MD or VA we have a great program for you. It’s called FHLB Here is link to a blog I wrote about the program. http://www.trulia.com/blog/mdmortgage/2012/01/grant_money_now
There are a few hoops to jump thru but totally worth it to get a pile of money to use for free!!
Please let me know if you have any questions and i’ll get right back to you.
Thanks,
Brent Mendelson
Senior Loan Officer
Monarch Mortgage
600 Jefferson Plaza, Suite 400
Rockville, MD 20852
240-403-1970 Direct
301-412-0259 Cell
http://www.monarchmtg.com/bmendelson
nmlsr#111407
Feb
8
2012
Sorry as far as I know FHA and residential loans in general are 1-4 units only. You will need a commercial loan. I don’t have anyone at this time that can help in GA. I would call some local lenders/banks in Atlanta and see what they offer. Perhaps a smaller local bank would be able to assist. Good luck and thanks for stopping by.
Brent Mendelson
Senior Loan Officer
Monarch Mortgage
600 Jefferson Plaza, Suite 400
Rockville, MD 20852
240-403-1970 Direct
301-412-0259 Cell
http://www.monarchmtg.com/bmendelson
nmlsr#111407
Feb
3
2012
Thanks for inquiring on the site and the live chat today. Rates did rise as I mentioned so if you like I recommend calling or emailing one of us to compare apples to apples on Monday.
If the rate is locked you may wish to stay with Chase. They are generally a little more plodding than smaller banks like us but if you have gone a certain distance it could make sense. Either way happy to look and make sure you have the best deal possible.
Thanks,
Brent Mendelson
Monarch Mortgage
nmlsr#111407
Jan
25
2012
You should be able to refinance. Are you currently in an FHA loan now? Well I checked something. The DTI should be fine. But the limits for FHA in Randolph county is $271,000
NC limits are much lower than the DC area. Sorry but I don’t see a way around that. Conventional limits won’t go that high either.
Jan
17
2012
Harford County,
Based on the numbers you provided it could be as low as 3.375% to 3.75% based on the equity and type of loan you choose. The 15 or 20 for example. This is not a rate quote just a range of possible rates with no points attached to them. For exact rates you need to contact one of us. There are three parts to closing costs. Bank fees, attorney fees and escrows.
I can walk you thru each one and try and get them as low as possible. Taxes may apply also based on the type of loan. I am a former Choice Finance employee as well and would be able to talk via email or phone whenever you have a few minutes to compare. If you like you can fill out a no cost, no obligation application so I can give you more accurate numbers. The site is http://www.monarchmortgage.com/bmendelson
Thanks,
Brent Mendelson
Senior Loan Officer
Monarch Mortgage
600 Jefferson Plaza, Suite 400
Rockville, MD 20852
240-403-1970 Direct
301-412-0259 Cell
http://www.monarchmtg.com/bmendelson
nmlsr#111407
Jan
5
2012
I specialize in both credit repair and VA loans. You have two options at this point. My bank requires a 640 credit score. Most others do as well. I have a partner bank that allows a 600 VA loan. There are some hoops to jump thru and the rate is higher. Either way you need to bring that score up either a little or a lot. Again the more you raise it the better the rate so it’s worth it to you to try. to get that score up. Here’s something that might help.
Let me know if you would like to chat.
Thanks,
Brent Mendelson
Senior Loan Officer
Monarch Mortgage
600 Jefferson Plaza, Suite 400
Rockville, MD 20852
240-403-1970 Direct
301-412-0259 Cell
http://www.monarchmtg.com/bmendelson
nmlsr#111407
Jan
4
2012
You need to ask the same questions of your loan officer. It’s smart to get a second opinion on here but like Eric said we don’t know quite enough. We can make some guesses though. How close to closing are you? Where in the loan process are you? The scores are good and I can tell you if it’s an FHA loan raising the score won’t get you a better rate. Conventional loans will but you have to consider risk versus reward. If you are going conventional you need reserves in the bank to get a loan so keep that in mind. At least two months. Again talk to your LO and ask these types of questions. Again Eric nailed it for you. All points should be considered by cost versus savings and length of time to recoup investment of funds. If it takes 8 years and you’re gone in 5 then don’t do it. Hope this helped and good luck.
Thanks,
Brent Mendelson
Senior Loan Officer
Monarch Mortgage
600 Jefferson Plaza, Suite 400
Rockville, MD 20852
240-403-1970 Direct
301-412-0259 Cell
http://www.monarchmtg.com/bmendelson
nmlsr#111407
Jan
4
2012
Yes we can probably help you refinance and work thru all the numbers. First step as Eric mentioned is to determine if Fannie or Freddie own your loan. This is the Fannie site. http://www.fanniemae.com/loanlookup/
Here’s Freddie’s-https://ww3.freddiemac.com/corporate/
I have seen these be inaccurate a few times. You can also call your lender unless it’s Bank of America and ask rather easily. There are a few more conditions/hoops to jump thru.
If you call me ALL options will be reviewed both HARP and non HARP. Hope this helps please let me know if you have any questions.
Thanks,
Brent Mendelson
Senior Loan Officer
Monarch Mortgage
600 Jefferson Plaza, Suite 400
Rockville, MD 20852
240-403-1970 Direct
301-412-0259 Cell
http://www.monarchmtg.com/bmendelson
nmlsr#111407
Dec
30
2011
Eric is right. We ALWAYS over disclose just in case because we are liable for items like transfer taxes even though it’s not up to us. Anyway the only thing that would matter on this is if it’s an investment property or second home. Is that the case? Give us the loan amount currently and the new loan amount and we can ballpark it for you. Or it may be the loan officer is not familiar with MD recordation taxes? If you have a GFE then we can take a look also and see if it all makes sense as well. Hope this helps and have a Happy New Year.
Thanks,
Brent Mendelson
Monarch Mortgage
240-403-1970
bmendelson@monarchmtg.com
nmlsr#111407
Hello, when going to a settlement, the buyer usally pays for the title search, etc. The title co is saying the seller, I live in MD.
I'm looking to buy. Do you give downpayment help? I have good credit but little saved
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I tried getting a loan from loaners and it say im accepted but it keep going to other loaners. I need help getting a loan.
I tried getting a loan from loaners and it say im accepted but it keep going to other loaners. I need help getting a loan.
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Speed Poker is known as a new poker online variance which dispenses with thinking about fastened conference tables and instead pools players into groups according to his or her's game and buy-in level preferences.[url=http://www.storemonsterbeatsbydre.com/]Monster Beats Sale[/url] This game works by combining players 5 at a time into a poker hand,Monster Beats Outlet and as soon as a player folds they are immediately put into another hand with players from their pool.Sale Monster Beats : http://www.storemonsterbeatsbydre.com/ This makes for a fast and entertaining poker game.with none of the 'dead time' between hands which is the norm in poker while other players make their choices.In order to beat Speed Poker games you will need to make adjustments.Since you will not have the time for making reads on individual players and situations.playing a 'standard' poker strategy can leave an individual vulnerable.Here are my 5 tips for beating Rate Poker Games: #1 - Position Becomes More ImportantActing after your opponents can be a huge advantage in any poker game.you get extra information on how they act following flop (for example) before you must put more chips into the pot.In the pooled-player game this is even more important.You need to make some assumptions about the ranges of hands opponents will be playing.and how they bet on each betting circle can slowly complete this picture.Vital when you do not have the opportunity read any one individual for long.#2 - Avoid Easily Dominated HandsHands which can be dominated include holdings such as Ace-Eight and King-Jack.With these hands you could hit the flop and still not know whether you are ahead or behind with the hand.For example your opponent could have an ace with a better side-card or a pair above the 8 - leaving a 70% underdog to win.When you have little information to go for (as opponents are coming and going quick!). long year acer trends show only 001 more acelenolysunci topics now pr2 in 2012
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Looking to refinance out of a hard money loan and place permanent financing on a two unit investment property in 20001 zip. Gross is a fully documented $14k per month and I have fair credit. I'm looking for LTV of at least 60%. No second mortgage on this property. Hard money loan term expires in July.
I have a customer who wants to purchase 6 unit investment property in Atlanta, Ga. Is there an FHA loan that only requires 15% down payment that we can apply for? All 6 units are fully occupied. Building is approx. 6 years old. Purchase price $330,000. Fico score 770.
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hello, just filled out online info, have home valued through appraisal at 38,000 would like to leave the table with at least 30,000 for home improvements and small debt reduction. The home is free and clear and all other bills are less than 400/month. I would like to fast track this loan. what are the options
Curent loan with Chase(held by Fanie mae), 220K -Ist 21K IInd, 240K(appraisal) 6.25 %,Escrow waived, loan self serviced by chase , 760+, 72k ( per year). Refinance offer by CHase 4.25 with 1/2 point + 2.8k closing cost under HARP, IInd loan Heloc to be subortinated only after reducing limit to 10k. Should I accept it in current market when rates are falling. Can any one help with it for better rates or should accept it as the best.
Curent loan with Chase(held by Fanie mae), 220K -Ist 21K IInd, 240K(appraisal) 6.25 %,Escrow waived, loan self serviced by chase , 760+, 72k ( per year). Refinance offer by CHase 4.25 with 1/2 point + 2.8k closing cost under HARP, IInd loan Heloc to be subortinated only after reducing limit to 10k. Should I accept it in current market when rates are falling. Can any one help with it for better rates or should accept it as the best.
Curent loan with Chase(held by Fanie mae), 220K -Ist 21K IInd, 240K(appraisal) 6.25 %,Escrow waived, loan self serviced by chase , 760+, 72k ( per year). Refinance offer by CHase 4.25 with 1/2 point + 2.8k closing cost under HARP, IInd loan Heloc to be subortinated only after reducing limit to 10k. Should I accept it in current market when rates are falling. Can any one help with it for better rates or should accept it as the best.
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We have an investment condo on Brickell in Miami. Bought in 2006, 20% down on a 40 year old interest only loan through BoA Fanny Mae at a 6% interest rate. The purchase price was 285000, current values are under 200000. Our tenant pays 1400 which covers the mortgage but not the $323 HOA monthly fee. We would like to refinance but BoA and Quickens wont do it as they say that Fanny Mae has a blockade on condo refinance. What can we do in order to get a shorter loan at a much lower interest rate? Are there any other lenders that would be interested?
We are considering building a house and are interested in the construction to permanent loan option. Are there any lenders that don't require at least 20% down payment for these loans? Our income and credit scores are both very good, but it would take us a while to save up 20% for a down payment. We're hoping to find a lender that only requires a 5% down payment. Thanks for your time!
I have a $665,000 mortgage, would like to refinance. I live in Randolph county NC, have a 780 credit score, but my dti is 47%. Are there any FHA loans that I would qualify for?
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I'm interested in purchasing a property for the land to build a off-campus student housing mix use building. Can the land be used as collateral or is there another way to approach the financing.
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Hi, I am buying a new construction home in Maryland, builder had agreed to give certain amount to closing cost. Now I am in final stage of settling and looking at the HUD statement I see they have included the State Transfer taxes that seller pays for the First time home buyers in the credit towards closing that we had agreed upon, is that right? After some research I learned the seller pays the state transfer taxes for first time home buyers in maryland, so can the builder claim this money towards the credit they had promised? Please help me , asap !!!
I refinanced with Choice Finance (Craig Coleman) many years back and I am looking at refinancing again. I have a $345,000 outstanding balance (home original price is $459,900 in 2006) at 5.75% and am thinking of a 15 or 20-year loan with 0 points. I have an 800+ credit rating. What is the current mortgage rate in HarfordCounty? Can get an estimate of closing costs?
We are a church planning to purchase land and build our church in Silver Spring. Please let us know the requirements to get qualified for e construction to permanent loan of close a a million dollars. My name is Seme Ndzana, member of the church building committee. My email is seme@africanindependent.com
Hello! My hubby and I are looking to build our dream home in Harford County MD. We have great credit and a great income. We just haven\'t saved money for a down payment. We have our VA certificate and were really hoping to find a bank that would allow us a no down payment construction loan. I know it is a long shot but if this isn\'t possible maybe some other ideas to minimize the out of pocket expenses???
If I want to refinance a property, what criteria can be used to determine or verify that it is my primary residence. Also, any advise on selecting which lenders to talk to? Historically, I\'ve stuck with the bank that I initially had the loan with (assuming it would be less hassle) and am feeling like it\'s time to look elsewhere, but no idea where to start? Don\'t want to talk to too many lenders if I can help it, but wondering if I might find better terms and a better fit by going elsewhere. Oh, my whole goal is to lower monthly costs. thanks!
I am trying to get a preapproval letter to purchase a home with a va loan. I have cleaned up my credit but my score is still low. 592. Is there anyone who will work with this?
Hi, I live and work in South Africa, I am looking to buy a second house in Atlanta Georgia area, I have a 20% down payment readily available. I will be repaying the loan with money earned in South Africa. I have a B1/B2 visa still valid to 2018. The loan amount is 200000 use. Please advise if you can help Regards Paul Kloppers
We are thinking about locking tomorrow so quick question. Is it better to keep money in bank accounts or throw it all at credit card? My husband has a high balance on his, Like 9200 with a 9500 limit. Its costing us a point with the chip loan we are using. I could throw like 500 now and next wk on it But would that help his credit enough to make a difference? My score is 722 his is 710. We are scheduled to close in late feb. also, the theory of buying down the rate...that something to consider if we are only staying in the house for less than 5 yrs?
Do any of you can work with me on HARP Loan, LTV 95%, 770, MD zip 21204. Please let me know soon
I live in charles county and im refinancing after buying almost 2 years ago. My bank is telling me i may have to pay a transfer tax of ~$3100. Is this correct?
What is your best rate on a no points/no fees 3/1 or 5/1 ARM? Property location: Cecil County, MD Credit score: 740+ Down payment: 30%+ Loan amount: $250k
Hi, I currently have a Fixed Rate FHA mortgage. Should my condo complex still be FHA approved if I am only interested in an FHA streamline option? Thanks!
Seeking no cost, under $250K, primary residence, value about $580K
I have some questions about refinancing my VA loan to lower my monthly payment.
HELLO MY NAME IS EBONEE BAKER AND I WAS TRYING TO BUY A HOUSE I WANTED TO SPEAK WITH A LOAN OFFICER BECAUSE I HAVE A FEW QUESTIONS REGARDING GETTING FINANCED THROUGH CDA CAN SOMEONE GET BACK WITH ME I CAN BE REACHED AT 410-497-2903 THANKS
I would like to refinance both my 1st and 2nd mortgage totaling 433,000. I am Carroll County MD so could I go conventional since it is below the Jumbo threshold. Median Credit Score 655, about a 96.5% ltv, would like to finance 30 years to lower payments and apply monthly saving to paying off high interest cards. What opti
