Home Buying in 20037 : Real Estate Advice

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George Ecker…, Real Estate Pro in Washington, DC
George Eckerle answered:
Interested in high rises in Foggy Bottom--former Watergate, Ritz, etc. What does the condo/coop fee include and is it paid monthly?
In all of the high-rises in Foggy Bottom, the fee is payable monthly.
As to what it includes, that depends on the community.
In co-ops, the fees include the real estate taxes. In con ... more
0 votes Share Flag Fri Feb 28, 2014 Home Buying in 20037
Ericka S. Bl…, Real Estate Pro in Washington, DC
Ericka S. Black answered:
Recent sales at the Columbia Residences?
Hey Jilibit,

Currently, there is one place active at the Columbia Residences. It has two bedrooms and two baths. Let me know your availability and we can check it out (http://mrislis ... more
0 votes Share Flag Tue Sep 11, 2012 Home Buying in 20037
Jim Simms, Real Estate Pro in Louisville, KY
Jim Simms answered:
How is self-employment determined. What if you owned 30% one year and then 20% the next. Is it based on what your current stake is or previous too?
It doesn’t matter if you are self employed or not, they are required to look at the entire picture. In our shop we order tax transcripts for the previous 2 years on every loan a ... more
0 votes Share Flag Thu Jun 2, 2011 Home Buying in 20037
John Settles…,  in Washington, DC
John Settles NMLS ID:448870 answered:
I read that the FHA recently relaxed their self-employment guidelines and will use the previous year income vs avg of two previous years. True?
I have done loans for many borrowers with less than 2 years of employment, however, you, like them, will have to show Related Experience. Here is the language from the FHA Underwriting ... more
1 vote Share Flag Mon May 9, 2011 Home Buying in 20037
Melissa Bark…, Real Estate Pro in Washington, DC
Melissa Barkalow answered:
i have just changed jobs but stayed in same field of employment how would this affect getting mortgage
Hi Christina

Lenders typically don't have a problem if you stay in the same field of work, but you need to have been at the new job for a couple of months to verify that you hav ... more
0 votes Share Flag Sun May 8, 2011 Home Buying in 20037
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