The veteran and the spouse were originally co-borrowers on a VA loan and subsequently divorced. The spouse was awarded the property and now wants to do an Interest Rate Reduction Loan without....

The veteran and the spouse were originally co-borrowers on a VA loan and subsequently divorced. The spouse was awarded the property and now wants to do an Interest Rate Reduction Loan without the veteran. Is that possible?

The borrower wants to use rental income from a pool house on the subject property to offset the mortgage payment. Is that ever allowed on an FHA refinance?

The borrower wants to use rental income from a pool house on the subject property to offset the mortgage payment. Is that ever allowed on an FHA refinance?

The borrower was told that a co-operative is not “real property” and the previous lender they applied with would not do the loan. Is that true?

The borrower was told that a co-operative is not “real property” and the previous lender they applied with would not do the loan. Is that true?

The borrower has a primary residence in the state of New York and is asking to do a cash-out CEMA refinance. Why would they prefer to do that rather than a stand-alone second mortgage?

The borrower has a primary residence in the state of New York and is asking to do a cash-out CEMA refinance. Why would they prefer to do that rather than a stand-alone second mortgage?

The borrower is getting a $20,000 fixed rate second mortgage on their current home. The note shows monthly payments amortized over 15 years, but the loan is due and payable in....

The borrower is getting a $20,000 fixed rate second mortgage on their current home. The note shows monthly payments amortized over 15 years, but the loan is due and payable in one year. Can those funds be used on a conventional loan?

The property is located just outside Anchorage, Alaska and is in a blue avalanche zone. Can that be sufficiently mitigated to allow an approval?

The property is located just outside Anchorage, Alaska and is in a blue avalanche zone. Can that be sufficiently mitigated to allow an approval?

The appraisal shows that one of the bathrooms is being remodeled and is subject to the work being completed. Also, the borrower does not want to finish its construction before closing or....

The appraisal shows that one of the bathrooms is being remodeled and is subject to the work being completed. Also, the borrower does not want to finish its construction before closing or do a repair escrow. Is there any way to resolve this?

The purchase contract indicates that the property is on a community well but the appraisal shows that it is a shared well. What is the difference between the two and how would the discrepancy....

The purchase contract indicates that the property is on a community well but the appraisal shows that it is a shared well. What is the difference between the two and how would the discrepancy be resolved?

The VA loan has been suspended because the proposed second mortgage would put the borrower in a worse position than if they didn’t use a second mortgage. How is that determined?

The VA loan has been suspended because the proposed second mortgage would put the borrower in a worse position than if they didn’t use a second mortgage. How is that determined?

On an FHA refinance, the borrower is having the old, manufactured home removed and is installing a new one. Furthermore, there is a significant trade-in credit on the new unit’s invoice....

On an FHA refinance, the borrower is having the old, manufactured home removed and is installing a new one. Furthermore, there is a significant trade-in credit on the new unit’s invoice. Does that need to be documented?

The FHA appraiser commented that the property has potential methamphetamine contamination and the appraisal is subject to a certification that it is safe for habitation. How is that accomplished?

The FHA appraiser commented that the property has potential methamphetamine contamination and the appraisal is subject to a certification that it is safe for habitation. How is that….

There is a clause in the purchase contract for a second home calling for the transfer of a current contract with a rental management company. Upon further investigation, it was discovered this is....

There is a clause in the purchase contract for a second home calling for the transfer of a current contract with a rental management company. Upon further investigation, it was discovered this is an Airbnb. The borrower is not using rental income from this but is this acceptable?

The borrowers are financing a home purchase for their parents to live in and will not be living there. The parents are not on the loan, which is submitted as an owner-occupied property. Would this....

The borrowers are financing a home purchase for their parents to live in and will not be living there. The parents are not on the loan, which is submitted as an owner-occupied property. Would this not be considered an investment property purchase?

The borrower currently owns a property that is on pending sale and is scheduled to close two days after the subject loan closes. Given that nominal time frame, is there any way to exclude counting....

The borrower currently owns a property that is on pending sale and is scheduled to close two days after the subject loan closes. Given that nominal time frame, is there any way to exclude counting the PITIA on that property?

The borrower’s credit report reflects a “foreclosure” on a timeshare account. Since this is a conventional loan, does the seven-year waiting period apply if the loan was secured by....

The borrower’s credit report reflects a “foreclosure” on a timeshare account. Since this is a conventional loan, does the seven-year waiting period apply if the loan was secured by a timeshare instead of a real property?

The borrower is doing an FHA 203(k) loan. The appraisal shows that the roof and walls of the house have collapsed and the structure is gutted. Is that acceptable?

The borrower is doing an FHA 203(k) loan. The appraisal shows that the roof and walls of the house have collapsed and the structure is gutted. Is that acceptable?

The borrower has a relocation agreement with their employer. Their current home will still be in their name at closing on the new house. Do we need to include the PITIA on that....

The borrower has a relocation agreement with their employer. Their current home will still be in their name at closing on the new house. Do we need to include the PITIA on that property in qualifying debt?

The property seller is involved in a short sale. What documentation is needed for the loan file?

The property seller is involved in a short sale. What documentation is needed for the loan file?

There is a Mechanic’s Lien showing on the title binder. What is that and how should it be resolved?

There is a Mechanic’s Lien showing on the title binder. What is that and how should it be resolved?

The borrower doesn’t want to pay for Owner’s and Lender’s Title Insurance. Can the Owner’s Title Policy be waived?

The borrower doesn’t want to pay for Owner’s and Lender’s Title Insurance. Can the Owner’s Title Policy be waived?