Financing in McHenry : Advice

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Suzanne Hami…, Real Estate Pro in Orland Park, IL
Suzanne Hamilton answered:
Mortgage closing costs total explanation with FHA funding??
The mortgage lender has to give you a good faith estimate. These costs will likely be slightly overestimated, because they will be financially responsible if they underestimate. The o ... more
0 votes Share Flag Thu Oct 27, 2011 Financing in McHenry
Carl Henker, Real Estate Pro in 95928
Carl Henker answered:
Should we short refi to pay off our mortgage servicer?
You may find that the approval from your lender for a short sale and short refinance will also be based on your assets and ability to pay, if your current payment is not a hardship thos ... more
0 votes Share Flag Tue May 10, 2011 Financing in 60050
David - Appr…, Real Estate Pro in Maricopa, AZ
David - Appraiser answered:
I live in a new home subdivision and my home is now three years old. I just tried to refinance the mortgage and when the appraisal came back grossly
Yes that is true. For a refinance, the appropriate comps are existing properties (resales) active and sold. In the event of a foreclosure on a refinanced property, the lender would wa ... more
0 votes Share Flag Thu Nov 19, 2009 Financing in McHenry
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