I believe things are picking up. In and around the area has been slow the past couple years. It is a hard market to read based on many factors but From what I have seen so far this year (and late last) there is movement.....I can see it gaining momentum!
Century 21 Haggerty Co. REALTOR.... more
Yes you can refinance to remove the PMI but only if you have at least 20% equity in your home.
For example: If your current loan is $150,000, your home would have to appraise for at least $188,000.
Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number.
Please feel free to contact me for more information or help.
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
Trails West, website www.trailswestnm.com/. Of course affordable is debatable for many. If this is not what you had in mind feel free to contact me and I can discuss what may be suitable for you.... more
I would first consider talking to a lender to still explore what your options are. Your credit score is in a range that I would feel comfortable to refer you to lenders that I work with. This will put you in a better situation overall if you can find a lender that will provide a loan. Give me a call if you would like contact info for lenders. 575-652-0344... more
There are some mortgage brokers that can finance buyers with credit scores below 640. Contact some local mortgage brokers in Las Cruces, NM and see what they say. They may even take the time to help you improve your credit score by advising you on what to do to pick up your credit score.... more
Your Lender of Choice will calculate your debt to income ratio. Yes, that could affect you prequalifying for a mortgage. Please consult with your Lender. Getting prequalified with a Lender does not mean you are buying a house today! But your Lender will be able to answer these kind of questions for you! Encourage calling a local Lender!... more
Realtor's work on commission so they don't get paid unless they produce a sale! If you have a written agreement or a broker compensation agreement, or a buyer broker agreement all which are legal contracts then you should honor your commitment to your Realtor as that would be offered in return. If you have a Realtor working for you without an agreement there still is common courtesy. Some Realtor don't get a written agreement because it scares some buyers upfront yet they continue to work on their behalf wanting to earn business. While there is no legal obligation without a contract, honoring a relationship ensures that the Realtor doesn't spend their time and energy on you for no reason. As a buyer it cost you nothing to have expert advice and direction from a Realtor because the seller pays the commission. So really what you are trying to do is cut out the Realtor commission from the selling price and put your self in jeopardy of getting taken advantage of. I would never suggest a buyer conduct business without someone looking out for them. Who knows if your builder friend is going to give you the best product or price?... more
Las Cruces is a safe town overall. I suggest you begin your search in person as to what appeals to your tastes. Being from out of town makes things difficult at first, but to get a feel of the city you have to see it in person. Unless you are planning to buy sight unseen I think working directly with your Realtor upon arrival will help ease your worries. Need a Realtor? check me out at www.newhappyhome.com... more
You would be better served to address your question directly with the Las Cruces Public Schools. Realtors are hesitant to provide school information because districts are often re-mapped. http://lcps.k12.nm.us/... more