Financing in Rockville : Advice

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Mario Blautz…, Real Estate Pro in Columbia, MD
Many of my clients ask me “what does the mortgage process look like?” Below is an illustration of what we walk our clients through to set expectations. Your actual timeline may vary based on your unique… Read more
Blogged Thu Jul 24, 2014 by Mario Blautzik Home Buying Financing Investment Properties
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Mario Blautz…, Real Estate Pro in Columbia, MD
I just closed on an investment property where the seller initially agreed to give more than 2% towards the buyer’s closing costs. However, per Fannie Mae Guides, the maximum allowed is 2% for investment… Read more
Blogged Wed Jun 4, 2014 by Mario Blautzik Home Buying Financing Investment Properties
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Elliott R. O…, Real Estate Pro in Falls Church, VA
Wow! Great group of presenters at the NAHREP Metro DC Lunch & Learn April 2nd in Rockville!! Hear from... NAHREP National Director of Research Alejandro Becerra on Latinos as an emerging homeownership… Read more
Blogged Wed Mar 26, 2014 by Elliott R. Oliva Home Buying Home Selling Financing
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Steven Schan…, Real Estate Pro in 22201
Brandy Baker-Schantz, Loan OfficerNMLS # 1127861Servicing DC, MD and VA 703-652-1232 office 571-263-0206 mobileContact me if you have any questions or if you would like to begin the home buying process!LinkedIn Read more
Blogged Mon Mar 17, 2014 by Steven Schantz Home Buying Financing
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Catherine Pu…, Real Estate Pro in Silver Spring, MD
Catherine Purcell answered:
Filed Bankruptcy five years ago and our house loan doesn't show up on our credit report but they want a payment history to be pre-approved ??
Thanks Piero, Dave called and we will talk tomorrow at 10am. Are you available then for comps?
0 votes Share Flag Wed Jul 10, 2013 Financing in Rockville
Brent Mendel…, Real Estate Pro in Bethesda, MD
Brent Mendelson answered:
Looking to purchase above conforming loan limits ($625,000 loan, $781,250 price at 80% LTV). How does a second trust deed work? Where do I look?
Sure Gregorio here is my answer.
An internet quote to me is the general one size fits all quote you see all too often. I asked the client to contact me to get his credit score, type of ... more
0 votes Share Flag Mon May 6, 2013 Financing in Rockville
Wayne Christ…, Real Estate Pro in Rockville, MD
Wayne Christopher answered:
my lender could not get the deal done on a 30yr FHA but offered a 3-1 or 5-1 ARM is this a bad idea
Hi, Allie. You can lower your debt to income ratio by paying down some debt or increase your income.
0 votes Share Flag Sat Feb 16, 2013 Financing in 20850
Garett Hyman, Real Estate Pro in Ann Arbor, MI
Garett Hyman answered:
Are tax return transcripts required by law or is it up to the individual bank?
4506t is required for all borrowers prior closing on all Fannie Mae loans.
0 votes Share Flag Fri Feb 8, 2013 Financing in Rockville
Brent Kluge, Real Estate Pro in Rockville, MD
So 203K's are all the buzz!!!  Great!  We knew this was going to happen.  Dinged and dented inventory is UP...  Interest Rates and qualification requirements are DOWN! But why is it that only… Read more
Blogged Fri Mar 30, 2012 by Brent Kluge Home Buying Financing Foreclosure
Brent Kluge, Real Estate Pro in Rockville, MD
Please click the link below to see my Video Blog.  If you like it and find it helpful, please click "Like" and "Subscribe" on my Youtube channel, 203kworld!! http://!www.203kworld.com Ask any questions and… Read more
Blogged Fri Mar 30, 2012 by Brent Kluge Home Buying Financing Foreclosure
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Brent Kluge, Real Estate Pro in Rockville, MD
Federal Housing Administration (FHA) 203K process can be confusing. The reason 99% of mortgage lenders don't do them is because they have a LOT of moving parts... Contractors, appraiser conditions, specialty… Read more
Blogged Fri Mar 30, 2012 by Brent Kluge Financing
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Brent Kluge, Real Estate Pro in Rockville, MD
FHA 203K Refinance - How does it work? 1st - You must pay off your existing debt in the new mortgage.  This means ALL debt that is secured with a lien on the house. In addition, no other liens or… Read more
Blogged Fri Mar 30, 2012 by Brent Kluge Financing Remodel & Renovate Design & Decor
Alex Echeand…, Real Estate Pro in Rockville, MD
The Regulation released by the Federal Reserve last April 1, 2011 prohibits “steering” a consumer to a loan based upon the fact that the loan originator will receive greater compensation from… Read more
Blogged Thu Mar 15, 2012 by Alex Echeandia General Area Market Conditions Financing
Alex Echeand…, Real Estate Pro in Rockville, MD
In lender paid compensation, brokers may be paid by the lender.  If a broker elects to be paid by the lender in a transaction, the broker may not receive any compensation from the borrower.  … Read more
Blogged Mon Nov 7, 2011 by Alex Echeandia General Area Market Conditions Financing
Alex Echeand…, Real Estate Pro in Rockville, MD
Good Neighbor Next Door Sales Program is a program initiated by the U.S. Housing and Urban Development or HUD to make housing more affordable to those who work in law enforcement, pre-Kindergarten through… Read more
Blogged Tue May 10, 2011 by Alex Echeandia Market Conditions Home Buying Financing
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Alex Echeand…, Real Estate Pro in Rockville, MD
The Federal Housing Finance Agency (FHFA) has announced that, under terms set forth in a recently-enacted Congressional continuing resolution (Public Law Number 111-242), the maximum conforming loan limits… Read more
Blogged Fri May 6, 2011 by Alex Echeandia Market Conditions Financing Property Q&A
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Brent Mendel…, Real Estate Pro in Bethesda, MD
American Banker (01/27/11)Lenders will originate $966 billion in single-family loans in 2011, 35 percent fewer than last year, the Mortgage Bankers Association predicts. Residential volume will fall to… Read more
Blogged Tue Feb 1, 2011 by Brent Mendelson Financing
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Brent Mendel…, Real Estate Pro in Bethesda, MD
Since I am talking about rate quotes I wanted to share everything that really needs to be known to give an accurate rate quote. Since I can't know everything before we speak I have decided not to quote… Read more
Blogged Wed Aug 18, 2010 by Brent Mendelson Financing
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Kathy, Real Estate Pro in Cherry Hill, NJ
Kathy answered:
Is it possible to purchase a home without 20% down?
Sue,
Yes, everything old is new again. Talk to your lender about FHA, you need to have verifyable income, a track record of paying your bills and some out of pocket money for a downpay ... more
0 votes Share Flag Wed May 19, 2010 Financing in Rockville
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