The vast majority of Lenders will require a 2 years waiting period for FHA as long as you have reestablish credit. With conventional mortgage the average waiting period is 4 years.I would be delighted to provide you with some mortgage options, (this does not require us pulling your credit) that will allow you to make the best decision for your family. I can be contacted via my profile information for a no obligation consultation. My Office hours are 08:00 AM-08:00 PM Mon-Fri and Fri and Sat 08:00 AM-06:00 PM CST.
Capital One Bank
Phone (469) 315-1709... more
Avoid the Conventional loan at all costs, unless you are putting down 20%+ The monthly mortgage insurance (PMI) cost is absurd, especially considering you have awesome VA loan benefits. No financing ( government or not) is going to beat out cash offers.
Be patient and the right house will come along..
VA Mortgage Hub - Florida's VA Loans - 7 days a week
Homes listed with a Realtor sell for 13% more than without. Average commissions for a local real estate transaction are 5%-6%. But as your Realtor I would handle the Buyer, the Buyer's agent, Lender, the inspector, appraiser, and Title Company. I schedule the showings, keep track of who is who, and make sure only approved Buyers are looking at your home. (see my picture description here:)
Selling a home is all about exposure. Over 86% of buyers locate their home online now. Online dominance and presenting your home in it's best possible light is what I specialize in. Did you know that less than 10% of listings have a virtual tour, and less than 1% have aerial pictures? Yet, 100% of my listings will enjoy a virtual tour, 360 degree photography, a creative video, and aerial pictures.
I list homes aggressively by blasting it to over 100 real estate based websites. I Tweet it, Instagram it, Facebook it, and Pinterest it. I list it overseas, translated in 11 languages including listing it with a Chinese website for billionaire investors. I hold open houses, and blast out invitations to 1000's of agents with clients looking. I create virtual tours, videos, professional presentations, and designated websites just for your home. Your home is listed locally, nationally, and internationally. I feature your home on the top 5 search sites, such as Trulia.com, Zillow.com, Homes.com, Realtor.com, and YahooHomes.com. I advertise in local print, such as The Real Estate Book.
My signs get more exposure, as they look professional, featuring an 800# "Call Capture" system with 24 recorded message about your home, and a dedicated Text line to cover all social preferences. The sign offers a secure "info box" that holds fliers with your home's info and pictures so potential buyers cruising their favorite neighborhoods "home browsing" can learn about your home 7 days a week.
Bryan, give me a call & tell me what address you are interested in & I'll look up the fee info for you.
On average our area has fees from $300-450 per month and can cover, Water & Sewer, Basic Cable, Lawn Maint... You can reach me at (239) 470-2353... more
Some Brokers charge a "Transaction Fee" which normally shows up on the Closing Statement. This should have been disclosed by your Agent as part of your costs when you began to work with him. I see these infrequently and they are not popular with Buyers. Ask your Agent if he or his Broker would be willing to cover this cost out of their side of the Commission. No one wants surprises. Disclose Disclose Disclose!!... more
It depends. There is a very specific set of circumstances for which you might be eligible for FHA, but I've never seen anybody qualify under this exception.
In nearly every short sale scenario I have ever seen, the borrower had late payments leading up to the short sale. In fact, most banks would not approve a short sale UNLESS the borrower had fell behind on payments and facing default. The thinking being that if someone is paying their mortgage payment (even if they are willing to beg, borrow, and steal to do it) then the bank has no incentive to take a loss on a short sale. So most banks won't even talk to you until you've fallen behind.
Anyway, I got off track there. To be considered eligible now, your credit report would have to reflect no late payments on your mortgage or any other installment debts in the 12 month period preceding the short sale.
Like I said that scenario is not typical, so if like most you did have late payments leading up to the short sale, then you need to wait at least 3 years to get an FHA loan or 4 years to get a conventional loan.
There are some portfolio lenders who will grant loans immediately after a short sale, but they require at least 20-25% down payment.... more
Depends on several factors. Hazard Insurance will depend on the value of the home. Dollar for Dollar, the insurance may not be more. Flood Insurance is typically more for home closer to the tidal canal system compared to property in NE Cape Coral. However, I never guess. Feel free to contact me for info on a great insurance agent I strongly recommend. Hope this helps. v... more
Even if a house with Chinese drywall show some few sign an experienced realtor would know and check with you, the best way to be sure about not having Chinese Drywall is to add a drywall inspection to your regular homes inspection with the purchase of a property... more
Hello Elizabeth, it really all depends on the location, type of house (pool, sqft, upgrades, etc) and of course the builder. If you are in Cape Coral/Ft Myers area I would love to meet you and visit some builders in the area. Consultation and my service is absolutely free to buyers with no obligation or catch involved. I also can provide you with some floor plans and specifications of local builders via email. Please contact me via phone/text 239 357 8969 or email me email@example.com... more
It's Burnt Store Road. Also a marina by that name. http://www.burntstoremarina.com/ in Charlotte Harbor. At one time the area was inhabited by the Calusa Indians, who survived on the abundance of indigenous fish and wildlife, plus whatever they could grow in the warm climate. There were more than 2,000 Indians in the area.
Then came the Spaniards, headed by Ponce de Leon, whose attempt to settle was thwarted. He and many of his men lost their lives as the result of wounds received during the skirmish to establish themselves in the area.
That was just the beginning of the settler's invasion of the Indian territory. Having lost their land where they were once free to hunt and raise vegetables, little by little most of the Indians left, though a few remained.
Records show that there was a little band of Indians living approximately twenty miles north of the Caloosahatchee River, which would put them approximately in the Burnt Store area. The leader of the Indian settlement was Billy Bowlegs, who lead an attack during the Seminole massacre in 1839. Despite being pushed back into limited territory, the Indians lived peacefully side by side with the settlers. It was the settlers who built the trading post that not only served as the town's general store, but also as a gathering place for everything from gossip to politics. The Indians, however, didn't socialize with the settlers, nor they with the Indians....except, that is, for Old Salty.
Old Salty resided alone in a shack down by the harbor and was known to mind his own business. He was someone who enjoyed his privacy; however, he and Billy Bowlegs managed to get along, learn from each other, and become good friends.
The area was enjoying a peaceful existence, when young Lt. Gil Hartstuff arrived with a band of surveyors. Feeling the power of his new position, he paraded around over Indian territory as though he owned it, asking permission from no one, and not caring what damage he did. Old Salty became concerned about what Lt. Hartstuff was doing and brought it to the young officer's attention. Salty warned of raising his Indian friend's ire, but the Lieutenant just laughed it off, pegging Salty for nothing more than an "old coot."
The rest of the settlers didn't much care what happened to the Indians - they would have been just as happy if the Indians left. "If we're going to lose our land," proclaimed Billy Bowlegs, "we won't do it without fighting for it!"
So one dark night, as the legend goes, Billy and his little band stormed The Trading Post and set it on fire. Some of the surveyors spotted the Indians on the run and fired at them, killing some. Many of the settlers lost their lives in the fire.
Billy and a few of his followers managed to get away but knew they had to leave the area. Old Salty hid them for a few days until the situation cooled down, then the two old friends said goodbye.
Old Salty stayed on in the village and the people accepted him more, and listened to his wisdom, knowing that if they had listened before, many would not have lost their lives.
The Trading Post was never rebuilt, but from that day on the road leading to it was known as Burnt Store Road.
Today the facilities of Burnt Store Marina, along with the Golf Club and Activities Club, supply more needs than those who frequented the old trading post ever thought possible. With the splendor of the secluded 525 wet slips & 300 dry slips in the marina, along with 27 holes of golf, athletic club, pools, and tennis courts, plus the excellent dining at Porto Bello's Restaurant, The Water Cooler, and The Linkside Cafe, the legend more than continues - it gets better with each visit!... more
Rent to own is really not a good idea, therefore consider fixing whatever is preventing you from purchasing outright. Rent to own can be risky and one could stand to lose a bit of money, it favors the owner; therefore inform yourself well in advance of your search, and consider consulting with an attorney who specializes in real estate before considering the idea and or before signing any agreement. If you haven't done so yet, visit with any licensed loan officer, see if you can buy outright, or simply continue renting until a purchase can be made.... more
First step is determining how you will finance the home. Will you be paying cash, or do you need to get a mortgage? Cash is easy. A mortgage you'll have to apply and qualify for. For a second home, you'll need at least 20% down, plus a certain amount of "reserves". (each lender varies). If you have a mortgage on your first home as well, you'll need to qualify for BOTH. They'll be factoring in the two loans into your debt to income ratio. This is what can throw people off.
Once you have your financing figured out, go find a good Realtor. You can search for agents online, or if you know people in the area you're looking in, you can ask them for a referral.