Financing in 55372 : Advice

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Dan Tabit, Real Estate Pro in 98074
Dan Tabit answered:
Is it a normal practice for a builder to have the buyer obtain the construction loan?
Jim,
If you are building a custom home, or a spec home on a separate lot not part of a development, my experience is that you would be responsible for obtaining the construction loan. ... more
0 votes Share Flag Fri Mar 14, 2014 Financing in Prior Lake
Matt Jahr, Real Estate Pro in Sartell, MN
Matt Jahr answered:
does anyone in the Twin Cities help with short refi's?
I believe "Loan Modification" is what you are referring to. They are extremely difficult to come by because on one hand you need to exhibit the hardship and drop in income to ... more
0 votes Share Flag Mon Jun 27, 2011 Financing in Prior Lake
Fred Glick, Real Estate Pro in Los Angeles, CA
Fred Glick answered:
What all is deductable on a refinance of a mortgage.I now have a FHA mortgage with mnortgage insurance
Sorry, but based on IRS rules, nothing is deductible on a refinance.

If you pay points, you can spread them out over the life of the loan.

For example if you paid $3000 in points ... more
0 votes Share Flag Wed Feb 17, 2010 Financing in 55372
Aaron Dickin…, Real Estate Pro in Minneapolis, MN
Aaron Dickinson - Edina Realty answered:
I purchased this home in 2003 for 270,000. How dowes this compare to the value today.?
Your price should be higher than 2003 but by what amount is hard to say without having been inside your house. My guess would be $290k - $300k +/- but that is purely a guess. Appraise ... more
0 votes Share Flag Thu Apr 11, 2013 Financing in Prior Lake
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