Home Buying in 03842 : Real Estate Advice

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Common Sense, Home Owner in Houston, TX
Common Sense answered:
I can buy a house with cash but would honestly like to have a mortgage for tax advantage.
Taking a loan for "tax advantage" is a hugely false savings. Let's do the math.

Only the interest paid is deductible, and only if you file using itemized expenses.

Let's say you ... more
0 votes Share Flag Thu May 10, 2012 Home Buying in 03842
Bob Holder, Real Estate Pro in Portsmouth, NH
Bob Holder answered:
What can be done about a last minute BPO that came in way too high?
Laura,

All good answers, and I agree, you must have a professional negotiating this for you. The BPO can certainly be challenged with current comps and an experienced negotiator sho ... more
0 votes Share Flag Fri Mar 9, 2012 Home Buying in 03842
Bob Holder, Real Estate Pro in Portsmouth, NH
Bob Holder answered:
Can a pre-approval letter HURT you if your offer is much less than what you are approved for?
1st Time Buyer,

You are 100% correct, you don't want to tell the seller that you can pay more when you don't intend to. We always have the pre-approval letter written to a ... more
0 votes Share Flag Fri Mar 9, 2012 Home Buying in 03842
Annette Levi…, Other/Just Looking in New York, NY
Annette Levinson answered:
Looking for a program that allows for low credit score but requires a large down payment.
A large down payment is considered a compensatory factor for a mortgage. How low is your FICO and have you had a mortgage officer go over your credit to tell you what you need to do to ... more
0 votes Share Flag Mon Oct 11, 2010 Home Buying in 03842
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