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All Locations : Nationwide Real Estate Advice

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Yesterday at 7:28pm
Robert Spinosa answered:
Usually there is no difference, the "90-10" is just a misnomer. There are a few concepts in play here:

1) An 80-10-10 is most often used to avoid PMI. The way this is accomplished is by keeping the loan-to-value (LTV) on the first mortgage at 80% or below. So, you wouldn't do a "90-10" because that would put you back in the mortgage insurance situation.
2) The idea of any "piggyback" loan starts at trying to allow the buyer to make less than a 20% down payment. A piggyback allows a down payment less than 20% and no PMI.
3) A true 90-10, if it exists, would mean 100% total financing. We just don't see that much anymore except for VA loans.
4) More often than not, if someone says 90-10, what they mean is a 10% down payment with some sort of 90% financing in front of it.

Here in California in 2017 we can do 80/10/10 loans even with jumbo programs and up to a price point of $1.9MM. The rates and terms are very much in line with 20% down payment programs. If you have questions about making less than a 20% down payment I'm happy to help.
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Yesterday at 7:04pm
Real Estate Investor asked:
Yesterday at 6:53pm
malcolm eddington answered:
first of all i agree with robert.it is not the average person attempting to rent a affordable
apartment that needs the reality check here okay. of course those of you who are making the astronimical incomes that afford these apartments going for 2000 plus a month can look down on your less fortunate breathen and talk smack..... of course the agent or realtor who is also involved in the price wars going on in union city and the surronding communities are in on it too. don't try the oh we dont know what's going on act cause it is old... some of the major online rental sites are being used as scam gardens,such airbnn which has become notorious for scams, duping unsuspecting parties and the agents/realtors are often aware of it and participants.. of course this homeowner from westchester county would speak as she does,..she probably never had worry about income, where she will live or how much it would cost,,, ms. westchester doesn't have to concern herself with issues such as being able to have a place to stay, which is not luxury as she seems to insinuate.. the question is why is the rent so high just to live around water?
im sorry ms. westchester i know alot of apartments that rent for 1500 that are not crappy..
why should i be shamed into living on the waterfront or having a marble countertop or having to pay thousands of dollars just to say i have a fabulous doorman to open my door for me? it is apparent that there are individuals who feel that the more you pay in rent the better you live or you are on a higher status then others who are not as fortunate.. that is a misconception.. alot of those crappy apartments became crappy by the high paying rent dweller who lived there previously??? surely it wasn't the ones who couldnt afford to live in them.. im sorry because you live minutes away from manhattan and it is a short commute is a vain selfish reason to price rents as high as they are along the waterfront.. the comment about people asking for 1500 a month are usually on vouchers or some kind of goverment assistance program is a illusion that you are under ms. westchester.. there are many people who work are paying rent straight up without assistance.. paying that 1500 in rent and then starving for the rest of the month.. last but not least there are millions of crappy ass apartments in new york city that is not worth the 2000 or more that you asked your clients for..i think it is you who needs the reality check weschester

rrogers
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Yesterday at 6:09pm
Bravemystic asked:
Since I sent several request it would be nice to know which property they were responding to.
Also, why bother with a comment/question if they are never going to respond accordingly.
Very…
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Yesterday at 6:02pm
Krps82 answered:
I'm thinking of buying a house that's on a slab but worried about if there are ever problems that it will be hard to fix what do you think?
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Yesterday at 5:45pm
Dashawna Henderson asked:
Yesterday at 5:10pm
Nowandre answered:
This is the devil tool. If You selling Your house of 100k, and buyer want $5000 seller assist You will get only 95K for your house. What it means You have to pay for his and Yours closing expenses, realtors will get their many because they charge You for selling price which is 100K. ... more
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Yesterday at 5:07pm
Susangiar2 asked:
Yesterday at 5:07pm
Susangiar2 asked:
Yesterday at 4:46pm
Todd Greve answered:
You should be able to just click on the save again to remove the red heart/save image. If this doesn't work you may find it in additional "boards" as they seem to call them (groupings of saved houses). On the phone app when you click on save it will show all the boards so make sure all are clear. On the web page, you may need to go into "Saved Homes" at the top right of the page and go into each board and manually remove the house (not sure). If you have contacted a place, it will automatically add the home to a "Contacted Homes" board for you.

Hope that helps
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Yesterday at 4:30pm
Tasha asked:
Saw the apt and liked it. I was also told by the agent that he would contact the next business day (Monday). Unforunately he didn't follow and I reached out to him. I was told to come…
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Yesterday at 3:47pm
Douglasscott789 answered:
I have really had multiple bad experiences with credit repair companies and experts online. I opened up to a colleague about my poor credit report and how I have been ripped off my money severally by credit repair companies and experts online. He gave me his personal hacker’s contact. The guy actually fixed my report in just 7 days. He’s a credit specialist, he cleared all the negative information on my report and pulled my score to 775. His service charge is substantial and he is reliable and proficient in delivery. Contact him today and be glad you did, (cyberdon@clerk.com ; +1 (912) 388 3132). ... more
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Yesterday at 3:45pm
Rendog_8 answered:
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Yesterday at 3:26pm
Unspecified asked:
My friends were counting on money from closing. They were assured by their agent and the title agent that they would leave with money in hand. When they stepped out to discuss some specifics,…
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