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Rick Schmille's Answers

home loan with 655 credit score?
Should go FHA in the mid to low 3s. Call 505-250-7670 ask for Rick
I would like to refinance an assumeable VA loan.
Can do and I'm local. Rick Schmille 250-7670Open Mortgage, LLC10701 Lomas Blvd NE Suite 20787112
Can I purchase a second home after recently refinancing my first home?
Yes, if you qualify. Can't do another FHA. If you can find a homepath home you'll only have to put 10% down and you won't have mortgage insurance. Deal local: Rick at 250-7670
I have a 614 middle score on my credit can I get a va loan?
620 is what you need in NM. Call me tomorrow and I'll show you how to get there. Rick 505-250-7670
do fha loans have a standard limit or is it based on the area you live, or on appraised value of home?
In Santa Fe the loan limit is $427,500. You are allowed to borrow up to 96.5% of the appraised value.Rick SchmilleOpen Mortgage, LLCAlbuquerque250-7670
Do i qualify for a va loan with no money down please?
Yes, thank you for your service and yes, a 630 mid Fico score will qualify you for a 100% VA Loan at a 30 year rate of 4.0% or less. With your disability they may or may not waive the funding fee. Your COE will determine that. Of course you will have to qualify credit wise and the property will have to be acceptable. ...
How to get a zero down VA loan?
Thanks for your service Jenson! You look pretty good on all fronts for a zero down VA loan. There's a VA funding fee which could possibly be waived depending on those injuries. I'm a Wholesale Mortgage Broker offering wholesale rates to the public in NM. With your credentials your looking at a fixed 30...
trying to avoid foreclosure what can i do
If you are over 62 years old a reverse mortgage could be your answer. Call me at 505-250-7670.
what interest rate can i get with a credit score of 759?
Congratulations for maintaining excellent credit! There are a few other factors that would go into determining an interest rate for you. Loan-to-value, how much are you putting down? Type of loan: FHA, VA, USDA, Conventional? Other debts; what will your total debt-to-income ratio be? And various...
what are mortgage fees that i can negotiate..
I have one fee that is not negotiable because it is the lowest you'll find!I'm a wholesale mortgage broker and give you direct wholesale rates. I charge a flat $1,549 and that covers all lender fees that include:Origination feeUnderwriting FeeProcessing FeeDoc Prep FeeCredit Report Fee$1,549...
What is the maximum amount you can obtain via a reverse mortgage? Property value is not an issue--what is the Maximum?
$625,000 is actually the maximum claim amount. This means that if your home appraises for over $625,000 the system will still only use the maximum claim amount as value. A million dollar home will get the same amount of loan as a $700,000 home. The two factors that determine the maximum loan that you can...
How long do we have to wait after a BK is discharged to get a good rate on a home?
Bankruptcy (Chapter 7 or Chapter 11)A four-year waiting period is required, measured from the discharge or dismissal date of thebankruptcy action.Exceptions for Extenuating CircumstancesA two-year waiting period is permitted if extenuating circumstances can be documented, and ismeasured...
I live in New Mexico, I'm looking for a refinance.if you don't do business in NM, do you know someone how does.
I'm not sure I understand your question but I do refinances in New mexico regardless of where you do business. Call Rick at 505-250-7670 anytime.
I'm a 100% disabled vet I filed chapter 7 bankruptcy in 2009 I have 730 FICO, will the VA forgive & restore my benefits?
Charlie SparksNMLS: 195031Pinnacle Capital Mortgage320 Osuna Road NEAlbuquerque, NM 87107(505) 350-3745!

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