Financing in Newton : Advice

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Amelia Robin…, Real Estate Pro in Falls Church, VA
Amelia Robinette answered:
Tearing down house with mortgage options
You may want to look for a construction loan - it would pay off the existing mortgage (like a refinance) and you can also roll in some of your building costs. There are few different ty ... more
1 vote Share Flag Fri Oct 30, 2015 Financing in 02460
Daniel Motti, Real Estate Pro in Miami, FL
Daniel Motti answered:
Options for financing tear-down rebuild of small 3 BR in Newton Centre MA
Dear Jhillsop.

Based on your current assets a construction loan might be the best option for you. As Dan Tabit mentioned, you will definitely need a Professional and Reputable Gener ... more
1 vote Share Flag Fri Apr 25, 2014 Financing in 02459
dsircock, Home Buyer in Atlanta, GA
dsircock answered:
Bank of America Appraisal Issues - Landsafe
Screw what bank or Appraiser . There is code of conduct for appraisers. Three steps
One home replacement cost. Which is excepted . If appraisers can't conduct a three home comparison ... more
0 votes Share Flag Fri Jan 18, 2013 Financing in Newton
Kevin Vitali, Real Estate Pro in Tewksbury, MA
Kevin Vitali answered:
If I apply for a mortgage in my name only, do I have to quote our whole rent payment even though my husband pays 3/4 of the rent each month himself?
Unfortunately if you are on the rental agreement lease with your husband, in the event of non-payment you are each wholly held responsibile. Thus your are technically on the hook for t ... more
0 votes Share Flag Tue Jul 12, 2011 Financing in Newton
Heidi Zizza, Real Estate Pro in Framingham, MA
Heidi Zizza answered:
How easy would it be to get loan and build 2-unit townhouse in Newton?
As an end user it will be almost impossible to do this. Unless you are a qualified developer/builder you will not be able to get this loan. What you should consider is buying the land c ... more
0 votes Share Flag Thu Jan 27, 2011 Financing in Newton
Tom and Joan…, Real Estate Pro in Boston, MA
Tom and Joanne Team answered:
Can you buy a single family house in Massachusetts with a FHA loan when the seller already has a FHA loan on the house for sale? Thank you!

Not only can you buy the home with FHA, but the seller's loan may be assumable. You should have your mortgage rep contact the seller's attorney and look at the te ... more
1 vote Share Flag Wed Feb 24, 2010 Financing in 02461
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