What's the difference between HARP and HAMP?
The HARP Program is for a complete new refinance with new terms and usually with a new lender.The HAMP Program is for a modification of terms to your existing mortgage with the same lender.Please let me know if I can be of further assistance.Thank you.Daren
Refinace from fha loan to convetinal loan to avoid PMI?
Hello. My name is Daren Loewinger with CTC Mortgage.We are a local lender here in West Palm Beach and yes, you can certainly look to refinance out of your FHA mortgage into a conventional mortgage now. Please feel free to call me at 561-983-6413 to discuss further. Thank you
self employed and need to know what income will be used to base my loan amount off of.
It would be best to meet with a mortgage Professional to review what income is acceptable from your Schedule C. In most cases it is a 2 year average but it is possible for 1 year. Depreciation and some mileage can be added back to your income. $70,000 of income should qualify you for over $250,000 mortgage...