Hi Syed - Sorry that you are having issues getting a home loan! Based on the information you have provided, I believe loan officers I work with are able to help you get a home loan. They just need to see your official transcripts because time in school counts as employment. Feel free to contact me at firstname.lastname@example.org to discuss further.... more
No need to spend money on a appraisal. Call 3 different real estate Agents and have them to provide you with comps if you were looking to sell. Based on those comps you can choose if you want one of those Agent to represent you in the transaction. It is always good to get a home Inspection so you can have an idea if you want to do the maintenance on the home or sell as is. I look forward to working with you! And making your dreams a REALITY
Mobile 469-347-3572| Fax: 469-519-8765... more
You can buy a home in whatever state you want (if you are not a US Citizen though there could be limitations). I would though keep in mind how you are going to handle expenses on that home since you will not be there all the time, it would be prudent to have someone local prepared to check on the property and you may want a manager involved to handle issues if you decide to rent it.... more
Yes this can be done. They can "gift" you the equity in the home, which would count as your down payment. Not sure as to the tax implications- that would be better discussed with a CPA or tax preparer- but we do these types of transactions all the time. Feel free to reach out if I can be of assistance on the financing end of things!... more
It's very possible. If certain factors change from time of pre approval to time of closing. Home Loans For All just put out an article titled "8 Ways To Not Mess Up Your Mortgage Approval". Go check it out then talk with them and they'll find you multiple lenders that are ready to work with you.... more
If your plan is to sell, it's always best to get some agents in to give you feedback. Most renovations cost more than they add in value so changing things just to sell your house often doesn't make financial sense - unless you're talking about something that would scare away just about every buyer like a major foundation issue. In that case, yes, fix it and keep all of the associated paperwork.
More often, it's better to just make minor changes: maybe some new paint, replace a worn bathroom cabinet, etc. It's also worth knowing that there are people who don't want to pay for the upgrades you've chosen because they either want a house they can fix up to their tastes or they're like me and they vastly prefer vintage finishes to modern ones.
This stuff varies so much by your location, even just neighborhood to neighborhood which is why you really want feedback from local experts who can see what you're working wtih.... more
So I got a bpo during my divorce on my houses. Note I'm trying to sell one.... The bpo came in at like $26000. I'm selling the house and have buyer read but they looked at the bpo as an appraisal.. Not bpo... So now they don't think it can happen... If I get an actual full appraisal should I be expecting more value?... more
The bank is going to want you to have some "skin in the game". While it may be possible to get all the closing credits that would pay for your out of pocket cost, the Bank will ultimately know that you are getting grants because the Bank or Lender is the one who approves the final Closing Statement.
All the money is going through the title company so they are going to let the bank know about and credits you are getting.... more
When looking for comps it is important to use the same methods that will be used by appraisers. Generally you want to look for homes sold in the past 90 days, in the same zip code, with the same number of bedrooms and bath rooms, and that has a similar number of square feet or "tax living area" or "total living area". If you don't have access to the MLS (MRIS) you can use Trulia and just search for sold properties and try to narrow down as best as you can.... more
I've been using Heise & Heise LLP for over 11 years. Todd Heise and his staff are incredible. His knowledge ranges from settlements, to estates, to landlord/rental issues, and he hammers at Short Sales! Check him out at http://www.heiselegal.com/ or call Todd Heise at 410-276-1983.... more