NMLS # 6395
Financing Kentucky One Home at a Time
I was looking around and saw PHFA has some new loans out. Does anyone know anything more about this: http://www.phfa.org/forms/press_releases/current/SpecialHOPr
There isn't too much info out there, and most of the lenders sites I go to don't show that as an option.
My recommendation is to use one of any local mortgage providers, I can send you a list, who will be at settlement. Good luck and let me know if you need any other help.
Long & Foster Real Estate Inc
92 Lancaster Ave, Devon, PA 19333
Check out my contact details: http://www.nickvandekar.com
Read our blog at http://www.MainLineHomesBlog.com
PA License AB067198
Let me know when the time comes if you want to chat to see if you want to work with me. Good luck!
We will be looking for a realtor and to get pre-approved soon. When getting a pre approval, are the lenders generally helpful with financial advice for qualifying for a higher loan(like paying off car loans to decrease monthly obligations)?
You should get yourself PRE-APPROVED first to make sure that you can definitely buy something. Most realtors will require you to get pre-approved to ensure that you can purchase a property and get an idea of what price you should be looking in. Give me a call if you want to get pre approved.
Senior Loan Officer
1st Trust Financial, LLC
(610) 280-3335 Office
Great question and as an Accredited Buyers Representative I have worked w/many First Time Home Buyers and there is no bad time to get out and see homes in areas that are of interest. This way you can narrow and elimminate areas for yourself.
I have also successfully worked w/Buyers needing time to settle on homes not a short sale situation.
Let me ask you..... Why limit your pool of potential homes? Lets talk about what timeframe works for you and allow me to negotiate an Agreement of Sale that will allow you to meet that timeframe.
Best of luck to you,
"I appreciate all your referrals, this is the highest compliment you can provide me and my services!"
Daniel J. Brudnok
REALTORÂ®, ABR,CSP,e-PRO, GREEN - PA License #: RS-225179-L
Keller Williams Real Estate
Direct: (610) 256-7258
Office: (610) 363-4300
Not really too early. Remember that when you find the home that you agree to buy there will be a 45-60 day time period until you actually complete settlement (own it). So if you have a home under Agreement of Sale in September you would have a November settlement. I say start looking. Please contact me if I can help. Have been helping folks like you for over 29 years. Thanks
If you would like to get together to lay out a battle plan, please reach out to me over email.
Eric Axelson, Associate Broker
Kurfiss Sotheby's International Realty
Typically when you put an offer in and it gets accepted/approved, settlement takes placed in 30-60 days. Most buyers financing the home like to settle at the end of a month to pay less interest at closing and that means the end of the month following the current month as less than 30 days is difficult for a financed purchase.
As for renting, you have 4 months left. If you look for 2 months to get a good feel you could easily give notice anytime after that when you find a home and have very little if any overlap between settlement and the end of November. Even if you find a home after 1 month, perhaps you could afford to rent for one extra month to enjoy a gradual move. In my experience short sales once approved must move fast to settlement so offering a delayed settlement may not work well with short sales. I have seen banks stipulate it must settle by XX/XX
Hope that helps,
If you are looking to move November 30th I believe now is a good time to start the process. It can often take 2-3 months to find the home you want. Then, once you find a home and have an Agreement of Sale, settlement typically occurs within 30-60 days.
If you are wanting strictly short sales, that process can take 6+ months and it usually never set in stone. So being able to go month to month with your lease is a bonus.
If you want more details on how to begin the process, please contact me.
Long and Foster
Right now is when you want to start looking for a house especially if you are going to buy a short sale. Short sales can take anywhere from 3-12 months to close depending on how many banks are involved and if the listing agent has dealt with short sales before or if a short sale negation company is involved in negotiate the short sale with the bank or banks.
The first thing I would recommend is that you get approved with a very good mortgage lender. I would be more than happy to assist you with finding a short sale to buy!
Give me a call or send me an email so we can set up a time for us to meet to go over your criteria.
Kimberly Collins, Realtor, ABR, GREEN, SFR
Keller Williams Agent Leadership Council for 2011 & 2012
PA License # RS202924
"A Refreshing Real Estate Experience"
Keller Williams Realty Group
Office: 610-792-5900 Ext 8177
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