Dave Your Mortgage Guy's Blog

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Mortgage and Lending - www.DaveYourMortgageGuy.com - Legend Lending - NMLS #293883

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2012 

Conventional 30 year Mortgage: 3.375% Credit score:740 LTV:80% Loan Amount:$200k APR: 3.53% FHA 30 year:3.25% Credit Score:640 LTV:96.5% loan amount:$200k APR:4.35% Conventional 15 year:2.625% Credit score:740 LTV:80% Loan Amount:$200k APR:3.05%   Call me today if you are thinking of refinancing ...
10/31/2012
Conventional 30 year Mortgage: 3.375% Credit score:740 LTV:80% Loan Amount:$200k APR: 3.53% FHA 30 year:3.25% Credit Score:640 LTV:96.5% loan amount:$200k APR:4.35% Conventional 15 year:2.75% Credit score:740 LTV:80% Loan Amount:$200k APR:3.15%   Call me today if you are thinking of refinancing o...
10/24/2012
The $100 down payment program when buying a HUD foreclosed home, is not what you think.  A while back HUD changed their rules when purchasing one of their foreclosures.  Now the loan amount can not be higher than HUD’s appraisal value.  Which HUD's appraisal value is determined by a FHA appraisal...
10/19/2012
Conventional 30 year Mortgage: 3.25% Credit score:740 LTV:80% Loan Amount:$200k APR: 3.53% FHA 30 year:3.25% Credit Score:640 LTV:96.5% loan amount:$200k APR:4.35% Conventional 15 year:2.625% Credit score:740 LTV:80% Loan Amount:$200k APR:2.95%   Call me today if you are thinking of refinancing o...
10/17/2012
Here is your weekly interest rate update: Conventional 30 year Mortgage: 3.25% Credit score:740 LTV:80% Loan Amount:$200k APR: 3.53% FHA 30 year:3.125% Credit Score:640 LTV:96.5% loan amount:$200k APR:4.15% Conventional 15 year:2.75% Credit score:740 LTV:80% Loan Amount:$200k APR:3.125%   Call me...
10/10/2012
Here is your weekly interest rate update: Conventional 30 year Mortgage: 3.125% Credit score:740 LTV:80% Loan Amount:$200k APR: 3.53% FHA 30 year:3% Credit Score:640 LTV:96.5% loan amount:$200k APR:4.15% Conventional 15 year:2.5% Credit score:740 LTV:80% Loan Amount:$200k APR:3.05%   Call me toda...
10/03/2012
Many times I am asked the question, Can I (or my spouse) use my Foreign Income to Qualify for  a Mortgage?  This is a great question and there are examples where you can.  Here are the requirements to be able to use Foreign Income to Qualify for a Mortgage: 1.      Foreign income is income that i...
10/02/2012