Financing in Farmington : Real Estate Advice

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Tean Wong, Real Estate Pro in Boston, MA
Tean Wong answered:
How much asset is required for pre-approval??
With FHA you can put 3.5% down and there can be a closing cost assistant as well. To get pre-approved you need to talk to a mortgage broker and he will get some of your info, like SSN, ... more
0 votes Share Flag Sat Jan 23, 2010 Financing in 48335
Rudy McDowell, Real Estate Pro in Bloomfield Hills, MI
Rudy McDowell answered:
What is better to prove the source of fund in my situation?
Hi Ryan Her

Funds of this nature can be used as either assets or income, but not both. Since I don't know your over all profile, I can't answer which would be best for ... more
0 votes Share Flag Sun Jan 17, 2010 Financing in 48335
Rudy McDowell, Real Estate Pro in Bloomfield Hills, MI
Rudy McDowell answered:
What should I do to be in a better shape to get qualified?
Hi Ryan Her

For FHA, you credit score is fine. Unlike Conventional, it will also afford you the best current rate without having to pay any discount pts. Concerning paying off deb ... more
0 votes Share Flag Fri Jan 8, 2010 Financing in 48335
Derek Bauer, Real Estate Pro in South Lyon, MI
Derek Bauer answered:
What is the current rate to refinance 30 years fixed with 0 point? Are appraisal of property same level as 2 years old? This requires refinance at
Do not be surprised if your value is 30% to 40% LESS than an appraisal from 2 years ago. If enough equity is there, and you will be at the property long enough, you may be able to just ... more
0 votes Share Flag Mon Sep 28, 2009 Financing in 48332
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