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Home Buying in Arlington : Real Estate Advice

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  • Local Info16
  • Home Buying53
  • Home Selling5
  • Market Conditions8

Activity 131
Sun May 21, 2017
Jonekdahl3 asked:
Mon May 8, 2017
Kathy Burgreen answered:
Foreigners can buy real estate and get a mortgage in the U.S. However, you will be required to have a large down payment (30%) + cash to pay for closing costs. You should also Google "FIRPTA" tax. This is a tax that foreigners need to pay when selling their property. ... more
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Mon May 8, 2017
Kz105 asked:
I am thinking about to take a mortgage for a condo in Washington, DMV area. I have a good credit around 700 and monthly salary of $2300. However, I am not a US citizen or a permanent resident.…
0 votes 0 Answers Share Flag
Mon May 8, 2017
Dayiscore87 answered:
Hello
I have a question: who is in charge of putting the names in the property the realtor or broker? My boyfriend is buying a home for the two, but I want to put in the papers of the House, but not on the loan. ... more
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Tue Apr 25, 2017
Eric W Vander Werff answered:
I lend all across the country and I've never heard of an, "Attorney specific" loan program. Credit, income, location, down payment, will determine what is the best loan program for you. I would reach out to a well reviewed lender and have them start the process for you. Best of success! ... more
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Wed Jul 6, 2016
john bertuci asked:
we recently got a short sale approval from ocwen, and noticed in the letter that after adding 6% commision and owner assitance of $10,000, it still came lower than the offer price. My question…
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Wed Nov 25, 2015
Agent answered:
Arlington has many different housing options to suit your needs. Make sure you protect your new home with renters insurance. We offer competitive premiums from different carriers, and you can save money by bundling coverage with personal auto insurance too. www.valueinsuranceinc.com ... more
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Fri Sep 4, 2015
Jose_parrot asked:
Combining sales data of other housing types with single family houses produces meaningless results.
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Fri Sep 4, 2015
Amelia Robinette answered:
Depends...you'll need to discuss the contract terms with your agent and see if it's possible. Keep in mind, if you have a rate locked, you may not get the same rate with another lender, you'll also have to pay for another appraisal, credit report, application fee if one was charged.

In general, 15 days is a VERY tight timeframe and irritation is a bad reason to switch and may put your contract in jeopardy. You're in a competitive market, so probably best to suck it up and move forward.

Good news is that it's unlikely you'll deal with your loan officer again after closing. Depending on what bank you're working with, they probably won't 'own' your loan more than 30 days past closing. Unless you're already working w/Wells Fargo or Bank of America. It's likely that your loan will be sold to one of the larger servicing companies. Even if your loan officer is with a big bank, the loan servicing arm of each bank is often an entirely different entity.

Best of luck!
... more
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Fri Aug 7, 2015
gigi otar answered:
Hello Abena!

As a realtor working this particular zip code, I can tell you that rent-to-own options only happen in slow, sluggish markets where sellers can't find buyers.
22201 is hardly that zip code.
I am sure that if you were to speak with a good loan officer, they would be able to direct you to loan programs that would not only match the amount you would be paying for a rental/monthly but also assist you with possible down payment assistance depending on your price range. The zip code you are looking under is THE most expensive and sought after zip code right now where a one bedroom at the minimum costs $400K.

I hope this helps you!

Gigi
... more
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Mon Jul 13, 2015
Anna M Brocco answered:
It may/may not--Really depends in your sons' overall financials, timing, etc., therefore discuss with your loan officer....
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Mon Jul 6, 2015
Amelia Robinette answered:
Your money needs to be in a US bank. You can contact any bank on their procedures to transfer funds into the US.
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Mon Jun 8, 2015
Pvarnell99 answered:
you should be able to put her on the deed and not on the loan
0 votes 20 answers Share Flag
Mon Jun 8, 2015
Joyce Jewett answered:
You can own two homes under VA Loans, it is called second tier. You can rent your current home and still obtain a VA loan, many lenders (mortgage loan officers) are not versed in the second tier loan program with VA. I would call a lender or bank and not a broker for this type of loan. Prior to buying the new home I would suggest that you have a lease agreement on your current home, it will make the process go faster and remember VA loans are full document loans, meaning you will spend about a month just putting together the application process. ... more
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Wed Jun 3, 2015
Javier Montiel answered:
Most of the time it takes a couple of days for it to show up. However, you can always have your agent input it.
0 votes 1 answer Share Flag
Fri May 15, 2015
Debra (Debbie) Rose answered:
they don't filter at all.....unfortunately, people just assume trulia and other similar sites check things out....they don't........you're on your own and need to use caution
0 votes 2 answers Share Flag
Sat Apr 11, 2015
Kelly Putz answered:
Hi Liz,

It looks like you probably have already closed on this, but for anyone else considering doing this - DON'T. If the loan is in your name only, there is no reason for anyone else's name to be on the deed, especially if you are not married. If you are married and the loan is only in your name, there are other legal reasons to not have your spouse on it, but consult with an attorney (or CPA for tax purposes). If this other person is putting up part of the down payment and you REALLY want them to be a part of the transaction, then have the settlement company record a 2nd lien on the property AFTER the settlement, with your friend as the lien holder for the amount they put in. That way they "feel" they are part owner of the house.

If you should break up, they can't claim ownership but you have to pay them back for what is recorded on the lien, because they can prevent you from selling while that lien creates what is called a "cloud on the title". Be sure that you have the payoff of the lien recorded with the county so you'll have clear title whenever you go to sell the home.
... more
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Mon Feb 2, 2015
USMortgageRanger answered:
When refinancing you are not required to have a termite inspection. Maybe you just want to make sure that you getting the best rates and service from someone that you are already working with? What do you have to lose but your money and we are so certain that we are offering the BEST RATE GUARANTEE or $1,000 also a $1,000.00 close On-Time guarantee. Either way I am happy to help

We are the Nation only veteran-owned, federally chartered bank with a focus on educating customers about the mortgage process and providing opportunity for home-ownership nationwide. We're a direct mortgage lender/ Servicer not a broker. That means no middle man and no broker fees. We handle the entire loan process in-house from processing to underwriting, funding your loan and finally servicing your loan.

I recognize that you are very busy, so I am only asking you to spend 6 minutes with me to discuss your needs so we can determine if we can be of service to you. After answering just a few simple non-credit related questions (I do not need to pull your credit report in advance) I will be able to email you some options that will allow you to immediately determine if we are the right choice for you and your family.
Please give me a call to make your dreams a REALITY.

Lowell Sterling
Mortgage Banker
NMLS# 968898
The Federal Savings Bank
Mobile: 469-347-3572
Direct: 512-717-0403
https://www.thefederalsavingsbank.com/LowellSterling
... more
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