In today's market, obtaining a mortgage has become very complex. Our company aims to ensure that obtaining a mortgage is made as simple as possible. Whether purchasing a home, refinancing to a lower rate, consolidating debt or needing a second mortgage, I am committed to helping my clients obtain the financing that best fits their needs.
I also have 17 years of mortgage experience. I can help those with great credit or those with poor credit. I can help you get your loan funded in as little as 10 days. Please apply online today, and I will get back with you within 24 hours of your application. Let me help you get back on track with several debt consolidation and credit rebuilding strategies.
We are licensed in most states.
Let the mortgage expert answer your questions in our forum.
913-643-2518-officeSubmitted by Carrie from Springdale, AR
Q: I am looking to buy a house in about two months. My credit scores are 643, 644, and 596. My annual income is 52K. I should have the 3% down payment when I am ready to buy. Will I have trouble getting a loan? Approximately what amount and what interest rate can I expect?
Answered 04/10/08 11:11:25 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by Jason from Kansas City, MO
Q: I recently moved in with my fiance, and am trying to sell my home. It's been on the market for 5 months now, and am thinking of just renting it out. But I'd like to refinance. Since the property isn't presently rented, can I refinance as an owner-occupied? My credit score is 800. I owe 108k, and the property is valued at approximately 120-125k.
Answered 04/09/08 17:32:52 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by Andrea Myers from Centralia IL
Q: What is a floating mortgage loan?
Answered 04/03/08 16:29:56 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by Dave from Olathe, KS
Q: My daughter (22) and boyfriend (27) purchased a house together in January. I don't believe they have any equity in the home. They paid $154k and the boyfriend now wants out of the relationship (may just walk away) which would leave my daughter stranded with the mortgage. What are her options?
Answered 04/03/08 16:29:09 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by AK from Kansas City KS
Q: My wife and I recently sold our home out of state and we relocated to the KC area. Both of our credit ratings are 645 and 650. Our annual income is $80k. I checked our credit reports and we have a couple of late payments. We want buy a home at the end of this year. We plan to use the proceeds from the sale of our home to pay-off and pay-down several loans and give us a better income to debt ratio, and raise our scores. In the meantime we will save additional money for the down payment and closing costs on a new home. We believe that we have a sound plan that we have already begun to implement. Can you provide us with any insights that would improve our plan?
Answered 04/03/08 16:28:15 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by Diane Worthington from Laurens, S.C.
Q: Hi, I hope you can help me. I'd like to know if it's possible to buy buy a house or mobile home without a down payment or closing costs. I'm on a fixed income and my credit score is 630, not bad I think considering I went through a bankrupsy, due to my late husbands medical bills in 2003. Thanks for your help.
Answered 04/03/08 16:27:18 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by helene m from Rhode Island
Q: I have a credit score of 585. What kind of interest rate for a mortgage rate am I looking at for 40 yrs with no money down? I am looking at homes in the 214,000. to 239,000. range.
Answered 04/03/08 16:25:38 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by Sammy from East Orange, NJ
Q: I just got approved for a 199,500 mortgage, 30 yr fix rate. My annual income is 45k and my credit score is 610. Do you think 7 percent interest is to much or should I shop around?
Answered 03/11/08 04:38:44 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by Sandi from Seminole, Ok
Q: My husband and i are wanting to build a new home but the lot will run us about 25,000. Do we buy the lot and get approval for a house all at once and have it financed at once? Also what are the guidelines for a new home loan, what would the interest payments run us on a total of 175,000 (including the price of the lot)? Thanks!
Answered 03/11/08 04:37:44 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by Tricia from Alexandria, KY
Q: My fiance and I are going to be buying our first home hopefully in a month or two. We both have good credit ove 700 and have found the house. Just happens to be my grandparents house. What type of first time home buyer prgrams are there?
Answered 03/11/08 04:35:52 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by andrea from 3003 deer run rd mt. city tn
Q: we are thiking about a reverse mortgage. we would like to know if we have enough equity value 100000. owe 50000 thanks ann
Answered 03/11/08 04:34:42 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by Kathy from NEw Bloomfield Mo
Q: Hello i was wanting to know how hi dose your credit score have to be to buy a home?
Answered 03/11/08 04:34:03 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by Nathan from Johnson City, TN
Q: We are looking at buying a house for $40,000, that needs about $55,000 worth of fix-ups to complete the inside. My question is can we get a mortgage for the whole $95,000 or just the $40,000
Answered 03/11/08 04:32:48 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by Jennifer Young from Traverse City, MI
Q: My house is in redemption period and i want to know how to get a hold of my morgage holder. i recieved a notice saying i was to contact All First Morgage with no phone # or e-mail address to do so.....Help?
Answered 03/11/08 04:31:30 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by Anonymous from Myrtle Beach, SC
Q: Mom owns a home that has a $20k loan on it. I pay the loan every month. The house needs about $45k worth of work and would then be appraised around $230k. I would like to borrow against the equity in the home to do the repairs. Mom does not have an income other than Soc. security. Would it make sense to transfer ownership to me or could mom get the loan based solely on the equity? If the house were transferred, would it make sense to do it at $1 or would their be capital gains implications? I am trying to help my mother out. Whatever makes sense for her is what I want to do. In this buyers market, we may want to sell her house and use the money to get a deal so that we could reap the benefits of appreciation when the market turns around. Does that make sense?
Answered 03/10/08 16:18:41 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by Anonymous from Myrtle Beach, SC
Q: Hello. I have a couple of questions. I have a six figure income. I have very little debt, however I have poor credit (fico around 625). Is it possible for someone like me to get a mortgage without paying exhorbitant rates? Secondly, there are many builders in my area who have completed or near completed homes sitting empty. Would it make sense to call them to inquire about buying a home near cost? It must be costing them a fortune. Thank you.
Answered 03/10/08 15:54:19 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by Anonymous from Memphis, TN
Q: My husband and I are seperated, but we maintain a great relationship for our kids. We plan on refinancing the home that I live in, but we both own. Is there anyway that we could just get the home in my name only, if we are both in aggreance?
Answered 03/10/08 15:45:46 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by Molly from Bossier, La.
Q: I put a contract on a home set to close March 18th. I'm a little concerened because the agent is rushing me to close now. I did'nt realize that the agent showing it was part owner. I told her my financial situation. I feel that it has hurt me financially. I explained that my credit score was 585. I have been at my job 5 years and have an annual income of $25,000. I told her i had $15,000 to put down. She knew i was having trouble getting the financing so she supposedly talked to the mortgage company for me. They approved the loan at 8.75% interest with $15,000 down with a balloon mortgage in 3 years. I am paying for all closings, Apprasial etc... The home appraised for $69,000 and the offer they accepted was for $68,000. They know that i have the funds in my account yet they were threatening me to close today or by next Tuesday even though my contract states March 18th. They told me they had someone else interested in the home.I just do not want to get taken advantage of.
Answered 03/10/08 15:42:12 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by lisa from elgin,mn
Q: What is the maximum rate that can be charged as closing costs? Is there a cap or certain % ? thank you
Answered 03/05/08 17:54:35 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by Anonymous from No location specified
Q: My discharge was december 2005 and the mortgage co dinged me the 120day late on same month. I wanted to know how fha and fannie or conventional would treat that? I have heard that the 120 day late is seen as a foreclosure. but I show it paid after december for 4 mounths on time. Then sold the house-my scores are in the 680-690's perfect credit since dec 2005 Anonymous 3/03/08 Has your mortgage been on time since discharge? If so then there may be a chance we could look at fha or maybe even conforming depending upon your credit score. Feel free to call me at 913-244-9612. Thanks, Mike Mike Warsop, Loan Originator for Gold Mortgage Banc 3/03/08
Answered 03/05/08 17:32:05 by Mike Warsop,
Loan Originator for Gold Mortgag
