Posted on: 16th Sep, 2008 05:51 am
Hello i am riccy
I want to know how to apply if i have the foloowing details
State: FL
Amount: $123,500
Property type: SF
Documentation: full
FICO: 559
LTV: 95%
Occupancy: OO
Loan purpose: Refinance/Cash Out
Will there be any charges/upfront fee if i am not in the same country with the lender.
Please i need comprehensive explaination on the steps to take and expected demands from the lender
I want to know how to apply if i have the foloowing details
State: FL
Amount: $123,500
Property type: SF
Documentation: full
FICO: 559
LTV: 95%
Occupancy: OO
Loan purpose: Refinance/Cash Out
Will there be any charges/upfront fee if i am not in the same country with the lender.
Please i need comprehensive explaination on the steps to take and expected demands from the lender
Hello,
I am a lender licensed in Florida. Please email me at "michael.brooks@greenplanetmortgage.com" or give me a call. Even if I can't help you I will be glad to answer any questions you may have on the process.
[Email address deactivated as per forum rules. Thanks.]
I am a lender licensed in Florida. Please email me at "michael.brooks@greenplanetmortgage.com" or give me a call. Even if I can't help you I will be glad to answer any questions you may have on the process.
[Email address deactivated as per forum rules. Thanks.]
That would have to be an FHA loan.
You can apply through this site and you will be put in contact with a lender that will be able to help you get this done.
Basically the steps are:
1 Give your information to a lender to prequalify
2 Get terms from lender and accept or deny them
3 If you accept you will be asked to provide detailed information
4 an appraisal will be done at your expense
5 lender will approve or deny the loan
6 If the lender approves the loan they will ask for some additional information
7 You will eventually go to closing
8 You will get your cash within three business days if it's your primary residence
You can apply through this site and you will be put in contact with a lender that will be able to help you get this done.
Basically the steps are:
1 Give your information to a lender to prequalify
2 Get terms from lender and accept or deny them
3 If you accept you will be asked to provide detailed information
4 an appraisal will be done at your expense
5 lender will approve or deny the loan
6 If the lender approves the loan they will ask for some additional information
7 You will eventually go to closing
8 You will get your cash within three business days if it's your primary residence
If you do qualify, it would most likely be with FHA as mentioned above. So when looking for lenders, ask them if they have FHA before applying with them.