NLIC.org

Raul Said:

I need a mortgage on a home that is zoned commercial/mixed - what is a good company to go through?

We Answered:

If the property is zoned commercial with no commercial building on the property you might have a good chance of getting a very good loan.

Now you will have to find a mortgage broker that can find a person or mortgage lender that will fund and close on a mixed use property.

You might have to prove that the house was legally built there and that there is no plans in the near future of adding to the property or using it for commercial use. Your appraiser will be able to solve a lot of possible questions the lender might ask of you.

When you speak with the mortgage broker you will need to have the following

#1 Two years of federal income tax returns to include the W2

#2 Six months of bank statements from each bank you are currently using.

#3 One month of current pay stubs from each person that will be on the mortgage.

Make sure you make the mortgage broker aware of the commercial zoning of your home.

I hope this has been of some use to you, good luck.

"FIGHT ON"

Michelle Said:

Does anybody have info on a company called PrimeTrust Solutions based out of Allen Park, MI ?

We Answered:

yes i was going to do a loan with and and was wondering about the same thing. they want the first 5 months as collateral do you know if they are legit??

Clifford Said:

how do I get information on a mortgage company, residential pacific mortgage company?

We Answered:

You can look them up on the BBB and your can go to: http://www.dre.ca.gov and search for the company name. You can see if there are any complaints filed against them.

Hope that helps.
http://www.myfinancialcorner.com

Fernando Said:

Who is a good company to buy my mortgage note ?

We Answered:

Good luck getting more than 60% face value in Florida right now, if that.

you might better keep it.

Fred Said:

How do I know if a morgage company if legit?

We Answered:

In the State of California they are required to publish their license number. DOC means Dept. of Corporations - it's a bank. DRE means Dept. of Real Estate, and they're a broker. So it would be DOC#*** or DRE#*** You can go to the state's website and look them up to see what might be there about them, if you are worried about it.

If yo are in another state, there are probably similar licenses issued but you might go to the state website to see for yourself.

Eric Said:

Has anyone heard of a company called Residential Mortgage?

We Answered:

There are several branches of Residential mortage- I would do some internet searches and maybe even the better business b. As a person working in the mortgage field-just please be aware of hidden or fees that maybe charged---ie application fee..and please ask if their is a prepayment penality-if there is---run!! this means that if you pay off the mtg early they can charge you a fee for refinancing--some places can charge up to $13,000.

Tiffany Said:

Has a federal law passed whereas a bank or mortgage company cannot foreclose on a residential loan for 60 mo?

We Answered:

That will never happen.