Financing in 21401 : Real Estate Advice

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Scott Godzyk, Real Estate Pro in Manchester, NH
Scott Godzyk answered:
Can you use an FHA 301k construction loan to buy an REO property?
the key is no contingincies followed by teh least amount of contingincies. The banks will choose a lower offer that is guaranteed to close with no contingincies over one loaded with ins ... more
0 votes Share Flag Sun Feb 10, 2013 Financing in Annapolis
Fred Glick, Real Estate Pro in Santa Monica, CA
Fred Glick answered:
My husband and I are looking to purchase a new home. Our situation is a bit complex and we are looking for some advice from seasoned brokers.
Sorry, HobbieCat,

This would never go through the Fannie Mae or Freddie Mac computer approval. Manual overrides are non-existant.

You can hopefully get more income for your renta ... more
0 votes Share Flag Thu Dec 13, 2012 Financing in Annapolis
Debra (Debbi…, Real Estate Pro in Livingston, NJ
Debra (Debbie) Rose answered:
Is Home Ownership still the American Dream?
not for those in which it has become the American nightmare
0 votes Share Flag Mon Feb 14, 2011 Financing in Annapolis
Daniel Casta…, Real Estate Pro in Lynchburg, VA
Daniel Castagna answered:
Question about HELOC

While i do not know the legality of raising the rate the HELOC, it is still considered a mortgage since it is liened against the property. i would go back over the paperw ... more
0 votes Share Flag Tue Aug 25, 2009 Financing in Annapolis
Robert Spino…, Real Estate Pro in Mill Valley, CA
Robert Spinosa answered:
How much assets need to get a good loan?

The best short answer is, "it depends."

Let's separate assets from down payment for a minute. Many other posts here on Trulia have addressed the down payment issue, so I ... more
0 votes Share Flag Tue Apr 21, 2009 Financing in 21401
Bill Wootan's…,  in Waldorf, MD
Bill Wootan's Team One answered:
Is there a good web site to find out about 203B rehab loans?
I suggest you contact a lender that does FHA 203K loans (the rehab loan is K, not B) and they can guide you - previously they were hard and expensive to do, but they have streamlined th ... more
0 votes Share Flag Wed Nov 18, 2009 Financing in Annapolis
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