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 Paul Evans from charlotte,nc
Q: I have a residential lot on a lake that I paid $39,000 for and now I can sell it for around $215,000. Can I pay off my mortage with the profit without paying taxes on the profit? If so, how long do I have to do so? Thanks
Answered 05/08/08 11:45:26 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by Linnea from Springfield, Mo
Q: I tried doing a debt consolidation and ended up with 3 mortgages. Total is $76,000 but I think the house is worth more like the mid 60s. The interest rates vary from 7.04%-19.98%. I have lost the job I had initially due to cuts and am trying to get a lower payment. Currently I'm not behind and not in foreclosure. One company said they could do FHA at @ 6% and work a short sale with the 3 mortgage companies. Does this sound right?
Answered 05/07/08 13:56:31 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by David McFarland from West Chester, Ohio
Q: Can you fund a 332 condo project, quickly. Lots of equity and pre-solds
Answered 05/05/08 08:37:08 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by Tom from West Plains, MO
Q: I am 10 years from retirement, with $42,000 left on a 5.875%mortgage that will be paid off in 7 years. My current savings etc. is scheduled to just meet my retirement goals. What are the advantages in beginning to pay off the mortgage faster, versus putting more $ into a 401K? (I don't have enough exemptions to warrant filing long forms, so the interest is not dedeductible.) Thanks
Answered 04/28/08 09:11:40 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by BSA from Gladstone, MO
Q: I am trying to find the best mortgage solution for business owners. I was going to try to go stated because my accountant works my expenses in to reduce my taxable income. This in turn makes it appear that I can't afford the mortgage I want. I have talked to a lot of brokers and it seems there are not many stated programs available. So, I was wondering if I could just do a regular or fha loan. The purchase price is 296,000. I will have 3-5% down. My scores are 707,684,677. My income is around $9750/mo. Debt to income is around 36%. I have no W2's as a business owner, I just write myself checks. Do you think I can get an FHA with 3% down? What other options do I have?
Answered 04/28/08 09:09:33 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by Jerry Williams from evansville, in 47725
Q: difference between a 250,000.00 15 year mortgage vs a 30 yr mortgage
Answered 04/22/08 08:52:41 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by KO from Nashville, TN
Q: My husband and I are in the market for a house, we currently own a condo. His FICO credit score is 650 and mine is 571. Our annual income together is around $73k and we are looking in the range of $200 - $220k. Because my score is so low would that bring the interest rate up or should he just apply for a loan only in his name. If he applies only in his name would we still be able to get approved for a house in the range we are looking to buy?
Answered 04/22/08 08:50:25 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by kay from lagrange, il
Q: I did a lease option and gave this guy a large amt down he went missing last may the home is in forcloser as well as 4 others he did this to countrywide won't work anything out with me I have a quit claim deed and his power of attorney he gave me when we did this deal then he left the country and they said none of this is any good they need his signature to do a loan modification the last date of redemption is 5/27/08 the house appraised at 715000.00 and he had two mtg that total 897,000 can i lien this house? what can I do?
Answered 04/22/08 08:49:07 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by Ann from Kansas City, Mo
Q: I'm tired of paying rent!! I would like to buy a townhome or condo, $50,000 to $80,000 price range. I am single, probably have a bit too much credit card debt, but have a good credit rating.Due to serious health problems in my family, I have no savings account now and no down payment. I have heard of grants that can help pay for down payment and closing costs. What type of loan would I be eligible for and do you know of these institutions that have these grants. I am also female, age 56, and work for the Highway Patrol. Any special programs for that demographic? Thanks.
Answered 04/17/08 08:43:14 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by Sandi from Kenosha, Wi
Q: Hello Mike - I have a multiple part question - our situation: We want to buy a house - listed at $224,900 - we will not have alot for downpayment 3% max. We are not married. He made $80,000 last year and I made $59,300. He pays child support of $1000 a month and other than car and house has no other debt but he has low credit score due to some charge offs and late pays after a divorce - he is current now and has been for more than a year. I have aprox. $65,000 in CC and loans so my Score is low due to too much credit - I pay all bills on time no lates but have a couple of small medical collections. I am guessing our scores are in the 600 - 640 range his better than mine right now even though I pay everything on time. I would hope to be in the $1700 a month range for a payment (taxes on house $4300, Insurance $600) Would like to offer the sellers $220,000 or higher with cash back at closing or for closing. The house will appraise for anywhere between $225,000 - $240,000. questions - Could we be approved for a loan together? Or would it be better to persue in his name and list me as additional income (rent?). Given our low scores what is best rate we are looking at right now? Can we look at a 7yr ARM or Interest only for 5-7 yrs as there will be no more Child support in 7 years. What advice can you give? I need to know if it is even an option to get this loan so that we can list our house and make an offer on the house we wish to buy. Thanks - Sandi
Answered 04/15/08 10:20:06 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by Tara from Richmond, Va
Q: I have heard alot of advertisement from individuals or companies who have offered to tell you how to pay off your mortgage in 2-3 years and with the same income you already have. These companies normally want you to pay a fee to find out how to do this. What I want to know is is there really a way to pay off a 30 year mortgage in 2-3 years without tripling and quadrupling your payment everymonth? I do know that if you send an extra payment per year that will knock some time off your mortgage but paying it off in 2-3 years without even adding more to your payment sounds a little far fetched.
Answered 04/15/08 10:16:11 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted by anonymous from south dakota
Q: Mike, We are a little embarassed by this but here goes...we were paying on our mortgage and were contacted by well's fargo asking us if we were interested in combining some other debt to our mortgage...we were @6.875% 30 yr @ that time and had been paying on that note for 4yrs....we went with a 9.99% loan fixed for 15 yrs instead...we asked @ that time if that % was'nt a little high (our credit score is 640)we paid off some small credit card debt with the extra $ added on to our new mortgage(our house appraised for more @ that time...now with the rates so low and especially for a 15 yr note we would like to go with someone else and refinance again...wells fargo does'nt want to lower our fixed rate very much (8.75)what should we do? Do you think that it is worth shopping around to try and get a better fixed rate for 12 yrs pay off?....we owe 120,000 and our house is worth 130,000 now.We were not very bright were we.? Remember,wells fargo contacted us,we did not look to them.Thanks
Answered 04/15/08 10:13:25 by Mike Warsop,
Loan Originator for Gold Mortgag
Submitted 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
