The base conforming loan limit is up to $417K. This is where the best rate will be found. There is also a temporary "Jumbo Conforming" limit based on one's County. ... more
2. Portsmouth, NH -
Portsmouth has a ... more
In my experience you can no get 3-4000 sq feet for 550K in this area, Sunnyvale, Santa Clara, south or west San Jose. I do not know the areas of east or north San Jose well en ... more
Why yes of course you can buy a house in San Francisco with an FHA loan!
Point yourself in the direction of your 'favorite' bank with whom you already have a relationship ... more
I would say that as long as you maintain your good credit and can show that you have received steady rental income from your duplex that it would not be an issue. A number of pe ... more
I am a mortgage broker. If I can be of service, please let me know!
P ... more
Are you looking for a property with an assumable loan with the terms you described above?
Or are you looking for a loan product?
Broke ... more
Assumable mortgages are very rare anymore. Most lenders and included a "due on sale" clause that terminates the mortgage by the current owner at time of the sale.
Should ... more
My advice would be to put together a contract sale. Often times, this requires a down payment, but is a great w ... more
As long as the building falls under a rent control ordinance, the tenants are somewhat protected or should be compensated for moving. Do you live in this building or are yo ... more
I've seen a lot of that lately. Probably because the bank that owns the property would like a shot at handling your mortgage of the property in or ... more
It does not matter if the owner is late or not on their payments for it to be a short sale. A short sale is simply a transaction where the lender accepts less than the full a ... more
I am unaware on a clause in an FHA insured mortgage which would prevent you from renting out your home. Such a clause suggests to me (a non-lawyer) that it would inte ... more
Just think about it. If your home is in pre-foreclosure and you know s ... more