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Dana Masucci's Answers

Will there be any new tax rebates for first time home buyers this year?
Unfortunately, it only applies to people who had a signed purchase agreement by April 30th. The closing deadline was originally June 30th and now they are extending it to September 30th. So this does not apply to someone who does not have a signed purchase agreement yet.http://www.totalmortgage...
I am doing a refi for my jumbo loan and a second. I do not have the combined LTV necessary for the best rate.
The best way to go about this would be to refinance the first and re subordinate the second. There are a couple reasons why I would suggest this. The first is that if you combine your jumbo with the second, you may be exceeding the county limit for an FHA mortgage. You would need to consult the county limit...

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