I only use one of 2 people to process loans for my buyers. The right mortgage person can make a world of difference in your home buying experience. Having said that I use Al Perez from Jersey Mortgage Company. He's very professional and knows his stuff. Please tell him that Ibrahim Hughes sent you.
If I can be of any further assistance please don't hesitate to call (908-578-1981) or email me (firstname.lastname@example.org). Good luck with everything.
EXIT Queen's Realty (Bloomfield, NJ)
I would be happy to provide Real Estate information so that you can become more informed about home prices and market trends. You can reach me by emailing email@example.com
201 741-5269 or firstname.lastname@example.org
Step 1a- get pre-approval from 203k specialist like Mike Galant- Prospect Mrg. Avoid BofA.
Step 2- in the sales contract offer, specify going for 203K EEM (rarely done)
Step 3- if you get it, seek advice from Paul Hutt HomePro- home inspector and FHA approved estimator. Repairs to get FHA approval plus your upgrades become the loan total.
Step 4 find a contractor willing to wait for payment who has done 230k before. Must be reliable and FHA ready. Best if has experience. Ask for references. Check references.
Step 5 Close on house and proceed with repairs. Estimator/inspector will follow up on required stages of inspections OKing payment to contractor.
Step 6 Approved work is billed and check issued thru FHA lender, to both you and contractor. You endorse to contractor.
Step 7 You start paying off loan.
More info on inquiry.
Carl - 973 632 8593
Your best bet is to speak to a mortgage broker who is versed in all of your options because this part of the business is always changing. I highly recommend Dave Long at (973) 207-9667. He has never let me down and ive been in the business for about 8 years. He is so good at what he does that he gives our office weekly updates. Our office is also the market leader in the Montclair area. Hope this helps. Sincerely, Luisa Esposito, Realtor, Coldwell Banker, cover GSMLS, NJMLS, HCMLS
Bank of America, Wells Fargo and Jersey Mortgage all have 203K programs. Wells also has a relationship with Home Depot. From what I can see, my clients have had a better experience with doing a 203k using Jersey Mortgage.
If I can be of further assistance, feel free to contact me.