Financing in Clawson : Advice

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Stbrealestate, Real Estate Pro in San Diego County, CA
Stbrealestate answered:
where can I get a 75% LTV loan for the purchase of a single family investment property?
not what I'm finding - most want 30 to 35 % down - do you know of one that doesn't?
0 votes Share Flag Thu Feb 4, 2010 Financing in Clawson
Rudy R. McDo…, Real Estate Pro in Bloomfield Hills, MI
Rudy R. McDowell answered:
How long is it taking in Michigan to close on a FHA loan? Any chance of still making the Dec 1st tax credit deadline?
Hi, Djst

The deadline is actually November 30th. Upon you getting an accepted offer on a home, your turnaround time to close should be no more than 15-28 days. Since Shore Mortgage ... more
0 votes Share Flag Tue Oct 6, 2009 Financing in 48017
Derek Bauer,…, Real Estate Pro in Livonia, MI
Derek Bauer, Door to Dreams... answered:
My good faith estimate was $1000 short of actual closing costs.
I don't see the correlation between $23 per month and $1,000. What else was off? What are the specific line items that did not match-up?
0 votes Share Flag Thu Aug 13, 2009 Financing in 48017
Trent Dalrym…, Real Estate Pro in Huntington Woods, MI
Trent Dalrymple answered:
I have a rental home in detroit, mi that I own free and clear. my credit is roughly 610. No lates, just
With our program the house must appraise for at least $75,000. Also, we rarely cash out on an income property, unless you have owned it for at least one year. The financing in Hard Mo ... more
0 votes Share Flag Wed Jun 24, 2009 Financing in Clawson
Tony Grech, Real Estate Pro in Michigan
Tony Grech answered:
Is it realistic to get 50%-60% LTV on a rental property? Money was borrowed from personal funds. I would like
Conforming guidelines allow up to 75%. I believe you have to own the home for 12 months before you can do a cash out refinance.

If you can document that the home has been rented for ... more
0 votes Share Flag Wed Mar 11, 2009 Financing in Clawson
Gary Smith, Real Estate Pro in Michigan
Gary Smith answered:
Info on Mortgage and Home Improvement loans.
Oops,

Sorry to quick on the clicker.

I would also check to see if you qualify for one of the State of Michigan MSHDA products.

http://michigan.gov/mshda
0 votes Share Flag Mon Oct 20, 2008 Financing in 48017
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