Search:
Most Popular: | 1. | Q. Are the qualifying ratios still 28/36? I know that ratios much higher than this are approved. Is this solely due to the compensating factors? Should I use something other than 28/36 in today's market to qualify borrowers?
| | 2. | Q. I have a borrower that owns his own consulting company for 1 year, and also draws a regular paycheck. I want to send him through an "A" lender as a full doc. If the address of the company is different than his primary residence, can I get around calling him "self-employed"?
Is the address of the company and his address the primary concern?
| | 3. | Q. Does PMI count for Tax deductible? For 5% down borrower, if some of the fund came from gift, what will be required for that proof? Any seasoning issue?
Besides, how we better advise them to go - 80/15 COMBO or 95% one loan? Thanks.
Chien
| | 4. | Q. The product chart on page 19 of the Top Producer manual indicates -0- reserves and 40-40% debt ratios for the Freddie Gold program. The Freddie web page shows 1 mo reserves and debt ratios of 38-40%. Do you have the most recent information for the items on this page. Also, is the Community Home Buyer program still an active program?
| | 5. | Q. Do you know of any lenders for the state of Pennsylvania who allow a 4 month unemployment job gap with or without collecting unemployment?
|
Browse All (99):
|
 | How can we improve this website feature? Please take a minute to let us know how we can improve this section of our website. We appreciate your suggestions, and will make every effort to turn your wishes into reality. |
|  |
|
|
