Gregorio Denny answered:
Can one buy a home with only 10% down in the Bay Area?
"Maybe a mortgage broker will come on site and answer this but most of the particpants are real estate agents. "
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I did answer. The conforming limit in Contra Costa is $625,500. T
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Once you are ready to look for a new home, you'll need to start getting your finances in order. For most people, buying a house involves a double financial hit.First you have to assemble a pile of cash…
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Claudia Gravelle answered:
Should I first sell my home or buy a new one first?
In order for you to qualify for two loans, you will need to qualify for the new mortgage with both the mortgage payment for the new home and the departing residence.
Even if the depart
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Claudia Gravelle answered:
Doing refi plus pull money out to cover equity line. equity/second line wants separate appraisal to first. Why am i paying more for another ?
Thanks
It sounds as though you want to keep the equity line active? Or subordinate the equity line to the new first.
If that is the case, the equity line lender should be willing to take th
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Gregorio Denny answered:
Problems with a mortgage broker
I am not a lawyer and this is not legal advice, but it's not mortgage fraud unless it closes. If it's now properly disclosed as an investment property then no crime has been committed.
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The April New Home Sales report suggests that the market for newly-built homes is as strong as the market for existing ones. According to the U.S. Census Bureau, the number of new homes sold rose 3.3…
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Duane Johnston answered:
Will we get approved for a FHA or a first time home buyers loan?
The hard part of this all is what do you qualify for. If you want to call Angela Spicer at 216-973-8962 and she would be the one to answer all of your questions.
Just let her know you
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Gregorio Denny answered:
HELP! ANYONE KNOW OF A CREDIT UNION THAT WILL DO THEIR LOANS IN-HOUSE AND NOT FOLLOW FANNIE GUIDLINES???
In addition to what Charles posted, you may repurchase after 2 years with 20% down even without extenuating circumstances and even if you missed payments.
Gregorio Denny answered:
What is the current interest rate for a 30 year fixed mortgage on an investment property?
"Thanks Greg,
But I spoke with a mortgage broker who sits in my office and he can get a better rate from a lender with more down. Maybe this forum is not for bashing others opinions
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The public's perception of realtors is all glam and mercedes and prada.You can have that real estate.I'm gonna show up in jeans and a t-shirt. Cute but not crazy expensive.I'm gonna show you how to keep…
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Spencer Hayes answered:
Anyone have a suggestion for a GOOD hard money lender?
..........................NOPE !!
Affordability Reaches All-Time High Again: NAHB/Wells By: Esther Cho 05/22/2012 With low rates and low prices, homeowner affordability continues to hit record levels, reaching another high during…
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Bill Polack answered:
I have a long story. how do I post it?
Sounds like the bank is National and swamped with loans. Kind of gives off that
Lisa Montes answered:
What kind of load can i get with an 680 credit average?
There are lots of loans out there right now that you would definitely qualify for. There are many other factors besides just your credit score they will take into consideration. If yo
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Ryangreen1980 answered:
Moving to St. Joe. New jobs & first time buyers. We have substantial down payment and good credit- how long will it take to get a loan?
If you are looking for a real estate broker, our brokerage (Green Towne Coastal Realty) is the only brokerage in
SW Michigan that gives money back to buyers. Up to 1% of the purchase
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Carolyn Hauck answered:
We want to move to & buy a home in the woodstock area and we have Excellent credit and 20% to put down on a home.
I live and work in Woodstock and there are some excellent opportunities available. I work with a couple of lenders that would be more than happy to answer your mortgage questions over t
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By Polyana da Costa Mortgage rates stayed near all-time lows this week, as the housing market showed signs of life and sent potential homebuyers a message: If you want to buy low, it doesn't get any…
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Daily Real Estate News | Thursday, May 24, 2012 Record low interest rates continue to pump up mortgage volume, as more borrowers try to take advantage. Mortgage applications increased 3.8 percent…
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Dale Logan answered:
One lender in a short sale, the 20% of an 80/20 deal. What percentage of what they are owed are they most likely to approve?
Banks in the 2nd position seem to differ on what they will accept on a short sale. I think that it would even vary based on the negotiator. Regardless of the amount owed I've had some
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Joseph S. Cordova answered:
how do I apply for a usda loan?
Laura,
I would be glad to help you out with your USDA financing. I have been originating loans since 1997 and my company closes USDA loans on a daily basis. There are two informative
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