You requested information on refinancing your primary residence.
 
To assist you better, please answer the following questions
 
Full Name:
Email:
Phone:
Please answer the following questions
 
What is the address of the property you want to refinance?
Is the loan coming due? Or is there some other specific reason you need to refinance at this time?
Have your payments been made on time for the last year?
Is it a single-family or units? If it is units, how many are there?
What do you anticipate the property will appraise for?
What is the existing loan balance?
How much would you like to borrow?
How much rent is the property generating monthly?
In addition to our hard money programs we have lower interest rate options if your mid credit score is 680. Do you know what your score is?
Is your mortgage current or have you had late payments?
In your own words please let us know anything you feel might be pertinent.
Unlike investment properties which require zero proof of income or any debt to income evaluations it is the exact opposite with a primary residential loan. To get qualified by the lender of your choosing you would need to provide proof of two years income. You can utilize bank statements or tax returns. Taking into consideration your existing debt plus your requested refinance loan amount your debt to income ratios must be at or below 50%. These are government guidelines all lenders must follow. They are called Dodd Frank Act regulations. You can read all about them online.