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Can you qualify if you have two mortgages and at 125% loan to value

by jack_p_315_608 from Fishers, Indiana. Mar 8th 2013 Reply


William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,659 contributions

There's so much info missing that it's impossible to answer your question.. Having two mortgages is not a problem... having them at 125% LTV could be... are you trying to refinance both mortgages?? Which type of loan are they now?? FHA, VA, USDA, Conventional? Are they HARP eligible?? How's your credit?? Again,,, just way too much info missing.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Mar 8th 2013
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Gus Dahlgren (gdahlg_811_422)
#34 ranked lender in Michigan - 48 contributions

Possibly, what kind of mortgage do you have, FHA/VA or Conventional? Are you trying to refinance? Your a little vague...

Mar 8th 2013
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

What kind of mortgage help are you looking for?

Mar 8th 2013
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Joe Shamie (Joe Shamie)
#4 ranked lender in New Jersey - 1,412 contributions

You might if you qaulify for HARP

Mar 8th 2013
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Raymond Denton (Raymond)
#10 ranked lender in Ohio - 224 contributions

Yes. Reverse Mortgages don't take those things into consideration.

Mar 8th 2013
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Carlo Sanchez (MortgageLendingPro)
#0 ranked lender in Utah - 1,163 contributions

Maybe but difinitely need some more info on what you are trying to do and your situation.

Mar 8th 2013
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Florian Steciuch (RevereseMortgagePro)
#42 ranked lender in Indiana - 22 contributions

That is not a problem if you are seeking a reverse mortgage - but I do need more information (askflorian@gmail.com) Licensed in Indiana.

Mar 8th 2013
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Florian Steciuch (RevereseMortgagePro)
#42 ranked lender in Indiana - 22 contributions

Do you have more than one property? If you are 62+ a reverse mortgage may be an option, but I do need more info (askflorian@gmail.com).

Mar 8th 2013
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Tim Berry (timber1501)
#40 ranked lender in Indiana - 2 contributions

depending on what type and when the mortgage was originated, if qualifying only the first would be allowed to be refinanced up to 200% CLTV. Call me 260-433-1260, to discuss I will help today or over the weekend to advise you on your particular situation. I look forward to the opportunity to be of service.

Mar 8th 2013
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