Financing in Hoboken : Advice

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Keith Jean P…, Real Estate Pro in East Brunswick, NJ
Keith Jean Pierre answered:
how do down payments suppose to look like?
I am sorry, but I do not understand the question.
0 votes Share Flag Sun Jan 27, 2013 Financing in Hoboken
Chad Barris, Real Estate Pro in New Jersey
Chad Barris answered:
can i borrow from a credit uniion and if so which is better bank or credit union?
Are you looking for a mortgage ?
0 votes Share Flag Thu Aug 15, 2013 Financing in 07030
David Paris, Real Estate Pro in 07030
David Paris answered:
Is 1500 Hudson and 1500 Washington in Hoboken "warrantable" properties for purposes of obtaining a mortgage?
Yes, they both are viewed as warrantable from most lenders. The warrantable condo term is used mostly to describe a condo building that has adequate insurance for the building (both flo ... more
0 votes Share Flag Thu Aug 15, 2013 Financing in 07030
Jonathan D.…, Real Estate Pro in 07470
Jonathan D. Joachim answered:
How a construction loan is structured ?
That depends on the amount of construction and if you are using the existing foundation or not. I specialize in construction and renovation loans for Wells Fargo. Feel free to visit my ... more
0 votes Share Flag Thu Dec 8, 2011 Financing in Hoboken
Jeff Belonger, Real Estate Pro in Cherry Hill, NJ
Jeff Belonger answered:
Hello, I'm a first time home buyer and was curious what would be my best mortgage options. I plan on living in my condo for 3-5 years. Depending on
Hi there.....

Well, we need to first figure out what would be best for you and what you qualified for. Meaning, what kind of mortgage. FHA, conventional, VA, or USDA. But to jump ... more
0 votes Share Flag Thu Dec 8, 2011 Financing in Hoboken
Bc, Home Buyer in Hoboken, NJ
Bc asked:
GFE Funds needed to close include deposit? The GFE's I am receiving from lenders all have a bottom line for Funds Needed at Closing.Let's say that number is $40,000. Does that $40,000 include the depos...
0 votes Share Flag Sun Oct 4, 2009 Financing in Hoboken
Mike B, Real Estate Pro in Raritan, NJ
Mike B answered:
I'm looking for a mortgage in Hoboken as a first time home buyer. I've received a few good faith estimates
That is a great question. What do you consider to be very high application and commitment fees? I would be happy to provide a no-obligation quote for you.
0 votes Share Flag Thu Dec 8, 2011 Financing in Hoboken
Vesna Kanacki, Real Estate Pro in 10956
Vesna Kanacki answered:
What do you think of an 80-10-10 loan?
Well, I think the fact that you're planning on staying in the condo for 5 years is the answer. If you do the 80-10-10 you will have those payments for the next 5 years , if you choose ... more
0 votes Share Flag Thu Aug 15, 2013 Financing in 07030
Will, Real Estate Pro in Atlanta, GA
Will answered:
I'm shopping for a 30-yr fixed mortgage. Details below.
The best i can see being offered is 4.875. I hope your shopping is going well.
0 votes Share Flag Thu Aug 15, 2013 Financing in 07030
Corey Grushin, Real Estate Pro in Morris County, NJ
Corey Grushin answered:
I'm getting conflicting information from mortgage brokers re: whether Hoboken is a declining market and
Buyer 09 here is the result I received back form a PMI rate quote sight after inputting 07030 (Hoboken zip code) The site is a secure sight so I can't post the URL for you to go to.

... more
0 votes Share Flag Tue Aug 11, 2009 Financing in Hoboken
Grace Morioka…, Real Estate Pro in Sunnyvale, CA
Grace Morioka (408-426-1616) answered:
is it true that if you have more than one rental property yo dont qualify for fha?
Hello Dave and thanks for your question.

During our "mortgage update" today with my colleagues, we've learned that it is definitely NOT true that you would not qualify for FHA if you ... more
0 votes Share Flag Thu Dec 8, 2011 Financing in Hoboken
Corey Grushin, Real Estate Pro in Morris County, NJ
Corey Grushin answered:
FHA lending guidelines - offset carry with rental income
Sounds like it has to do withthe bank you are working with because the guideline is 25% equity is needed in the property you are leaving if you are going to buy another primary home. 3 ... more
0 votes Share Flag Wed Feb 25, 2009 Financing in Hoboken
Bob McClure-…, Real Estate Pro in Walled Lake, MI
Bob McClure- Real Estate Investing asked:
i've done low and high risk- complicated mortgages for over 14 years- i need a private lender to fund this.... purchase transaction in hoboken, n.j.....40% down payment.....new build- condo....owner occpd....sfr...out of the country income from husband- wife to live in ....purchase price appox. ...
0 votes Share Flag Tue Dec 2, 2008 Financing in Hoboken
Corey Grushin, Real Estate Pro in Morris County, NJ
Corey Grushin answered:
i want to borrow 10,000 to do some work in my condo new bath and some upgrades to the kitchen. I have not
Dear Lauren I need a little more information to truly answer your question, but I have knowledge for you. If you are just buying the condo you must first own it for a year to get anyth ... more
0 votes Share Flag Thu Dec 8, 2011 Financing in Hoboken
Christopher…, Real Estate Pro in Spring City, PA
Christopher Benedict answered:
what are the interest rates on construction loans?
I am not sure you need a construction loan, but perhaps a rehab loan? The loans will be higher, in the 8-14% range, and may or may not have upfront points. Contact a good local broker ... more
0 votes Share Flag Fri Feb 6, 2015 Financing in Hoboken
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