Financing in 01801 : Advice

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GB Short Sal…, Real Estate Pro in Boston, MA
GB Short Sales answered:
One lender in a short sale, the 20% of an 80/20 deal. What percentage of what they are owed are they most likely to approve?
The second lien holder will request anywhere from 6-10% of the principal loan balance as a payoff depending upon whom the underlying investor is on the loan. If you are pursuing a HAFA ... more
0 votes Share Flag Sun Jun 3, 2012 Financing in Woburn
Daniel Sutton, Real Estate Pro in Jamaica, NY
Daniel Sutton answered:
How long is a loan pre-approval usually good for? I don't want to feel pressured into buying a home by this.
Usually its just about 1 to 2 months. Checking your credit often does effect your credit but it will not do too much damage unless you really take it to an extreme.
Good Luck.
0 votes Share Flag Mon Jul 9, 2012 Financing in 01801
Steve Boucher, Real Estate Pro in Franklin, MA
Steve Boucher answered:
Are you aware that the bank lending process is taking more time? How long do you need for a closing??
Yes absolutely! Its one of the busiest times in mortgage history. Currently we still have 30 days on purchases as we priortize those. One of the challenges though is getting the appr ... more
0 votes Share Flag Wed Jun 26, 2013 Financing in 01801
Cleopatra Pa…, Real Estate Pro in Bel Air, MD
Cleopatra Pappas answered:
How do I buy a house with no income (job loss) but have enough cash assets to even pay cash for new house.?
You should speak to your bank, credit union or a qualified mortgage broker to best answer your question. Lenders will look at all your paperwork (W2s, tax returns, assets, etc,) but the ... more
0 votes Share Flag Fri Sep 25, 2009 Financing in 01801
Entropymom, Both Buyer and Seller in 19067
Entropymom answered:
If a family of 8 has bad credit due to a foreclosure in Michigan, how can they qualify to rent/buy another h
Hi webwoman,

Your son should look at some very family friendly areas first (try North Shore area---I am very partial and it has a lot to offer.)

Find a good realtor. If looking in ... more
0 votes Share Flag Wed Jun 26, 2013 Financing in 01801
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