Financing in Santa Cruz County : Advice

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Brian Martuc…, Real Estate Pro in Bethesda, MD
Brian Martucci answered:
Looking for a 90%ltv cash out refinance to pay off c/c debt. Any info would be appreciated.?
I have not heard of 90% cash out. I have heard of 80% on a Conventional loan and 85% on an FHA loan. Why don't you do an 80% LTV Conventional cash out, and then after settlement find a ... more
0 votes Share Flag Mon Mar 30, 2015 Financing in Santa Cruz
Scott Godzyk, Real Estate Pro in Manchester, NH
Scott Godzyk answered:
Forclosure Lending Advice: Previous Owner Stripped the Kitchen and Bathroom
You can get a FHA 203k mortgage which will include fix up money. Your loan officer can guide you with this type of mortgage and your buyer broker should easily be able to explain how it ... more
0 votes Share Flag Mon Mar 30, 2015 Financing in 95060
 Rich, Real Estate Pro in Las Vegas, NV
Rich answered:
I need a new loan for a friend that owes $600k on a $450k home. It is neither a Fannie nor a Freddie loan.
no that wont be possible since its not a government backed mortgage
0 votes Share Flag Mon Mar 23, 2015 Financing in Santa Cruz
 Rich, Real Estate Pro in Las Vegas, NV
Rich answered:
if you buy a manufactured home are you only buying the home and not the land?
it depends on the community you're buying in. In some communities you can buy the land and others you cant.. Be sure to find out before you buy
0 votes Share Flag Mon Mar 23, 2015 Financing in Santa Cruz
Omar Khamisa, Real Estate Pro in stockton, CA
Omar Khamisa answered:
Loan options for completely unpermitted but well-built home?
Hi Dekkaia

you can apply for rehab loan ,


good luck


Omar Khamisa
NMLS 369325
510-648-5535
0 votes Share Flag Fri Jan 16, 2015 Financing in Santa Cruz
Elva Wormley, Real Estate Pro in San Jose, CA
Elva Wormley answered:
How does financing work in an instance that involves buying land and having house built on it?
Hi A Holen,

If you have found a lot, and you wish to use a “single close” construction loan to acquire that lot, you need to have a long enough “close of escrow” written into ... more
0 votes Share Flag Fri Nov 14, 2014 Financing in Boulder Creek
Richard Litt…, Other/Just Looking in Orange County, CA
Richard Littlefield answered:
Mortgage Question: Our Mortgage Payment includes an Escrow Payment that was opened due to delinquent
Well, has your credit been ruined in this process?

If not maybe we can refinance it, and pay off the taxes at the same time. Call me even if has been ruined and let's see if we can f ... more
0 votes Share Flag Tue Aug 20, 2013 Financing in 95066
Kristina McC…, Real Estate Pro in Martinez, CA
Kristina McCann answered:
Any Hard money lender, santa cruz county, CA with 20% LTV for 1 or 3 year term?
I may be able to help you - by referring you to someone. However, I do believe most hard money lenders require a more significant deposit (around 50%) but, if you email me, I am happy t ... more
0 votes Share Flag Tue Aug 6, 2013 Financing in 95006
Natasha Niko…, Real Estate Pro in Los Gatos, CA
Natasha Nikolaeva answered:
I was told by a lender that you could flip houses but you have to hold for 6 months now. Is this an appraisal issue or a lender or other issue?
Latest Update:
January 29, 2011, FHA formally announced the suspension of their 90 day Flip Rule to December 31, 2011, so this long standing FHA flip rule has been officially extended ... more
0 votes Share Flag Tue Aug 30, 2011 Financing in Scotts Valley
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
I want to refinance, but my neighbor just foreclosed...will this affect my appraisal?
Three years ago, Foreclosures comprised about 5-10% of the market; they could be ignored:
Today, depending upon location, they can be 70-80% of the market and cannot be excluded.

Pl ... more
0 votes Share Flag Mon Aug 22, 2011 Financing in Capitola
Rudi Hofmann, Real Estate Pro in El Segundo, CA
Rudi Hofmann answered:
PMI or second loan with less than 5% down?
Effective 10/5/2010 FHA reduced their upfront fee from 2.25% to 1%. Monthly insurance went up a tad.

Patrick, unless you are a veteran or hold a position were CalHFA comes into play ... more
0 votes Share Flag Mon Oct 11, 2010 Financing in Santa Cruz County
Rudy R. McDo…, Real Estate Pro in Bloomfield Hills, MI
Rudy R. McDowell answered:
how to refi - with no house???
Hi, Andy

After reading your situation, the best answer would be for you to talk to Wells Fargo directly. Lender guidelines are all over the place regarding this, but so long as the ... more
0 votes Share Flag Thu Feb 4, 2010 Financing in 95033
Lynn Brier-De…, Real Estate Pro in Jacksonville, FL
Lynn Brier-De La Cruz answered:
When the House asking price is say,$499,000....But you take a $7500 "Hold back"...what is the Hold Back?
Hi Pete,

A holdback typically refers to money "held out" from the seller's proceeds at closing to pay for various items, repairs (such as a new roof, new carpets, etc.). Can you pro ... more
0 votes Share Flag Tue Oct 7, 2008 Financing in Aptos
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