Financing in 94506 : Advice

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Michael Abram, Real Estate Pro in Los Angeles, CA
Michael Abram answered:
Is it possible to find a loan for a $1million house with only 10% downpayment in California. Highliy qualified w/ income and credit ..
Hello Hb2011,

It is definitely possible to go 10% down on this scenario. Take a look at my blog for further details about this particular program, http://www.trulia.com/blog/michael ... more
0 votes Share Flag Thu Nov 24, 2011 Financing in 94506
Steve Mohseni, Real Estate Pro in Pleasanton, CA
Steve Mohseni answered:
Home equity line of credit
Gigi,

There is nothing wrong with making your primary home to a rental/investment property. You have no obligation to tell the bank and so long as you make your mortgage payment on t ... more
0 votes Share Flag Mon Nov 30, 2009 Financing in 94506
Bob Georgiou, Real Estate Pro in Walnut Creek, CA
Bob Georgiou answered:
Home equity line of credit
GIgi,

Don't be. If the loan is older that 12 months old it is considered seasoned and the stipulation that the home be occupied (as you put on your loan application) is conside ... more
1 vote Share Flag Wed Oct 7, 2009 Financing in 94506
Dick Barnes, Real Estate Pro in Danville, CA
Dick Barnes answered:
Home equity line of credit
Hi Gigi,

An open equity line of credit on any property these days is hard to come by. A lot of lenders have closed these lines down for fear of the falling values in homes. I'm ... more
1 vote Share Flag Tue Oct 6, 2009 Financing in 94506
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