Financing in Oklahoma City : Advice

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Josh Barnett, Real Estate Pro in Oklahoma City, OK
Josh Barnett answered:
Lender is saying I need 25% down for HomePath renovation mortgage on for a duplex (with a garage apt) 3 unit property.
Sounds great, if you are not living in all three units, the lender may be qualifying your file as an investment file and not an owner occupy. The Down Payment sounds in line with the n ... more
0 votes Share Flag Tue Apr 9, 2013 Financing in Oklahoma City
Bridgett Wel…, Real Estate Pro in Oklahoma City, OK
Bridgett Wells answered:
FHA Streamline refi with less than great credit scores - does anyone actually do this?
You might try Brent Herrmann at First United Bank. 340-2015 He's been very helpful in the past.
Feel free to contact me if you have any questions.

Bridgett Wells
Keller Williams ... more
0 votes Share Flag Wed Jan 23, 2013 Financing in Oklahoma City
Josh Barnett, Real Estate Pro in Oklahoma City, OK
Josh Barnett answered:
I own 2529 SW 25th 73108 (17K owing/8.33% private mortgage) and 2424 Sycamore 73128 (100%), credit is 600 - how do I get 5K cash out asap?
Mrs. Brown,

Call Teri Cowger w/ Primary Residential Mortgage, Inc. Her number is 405-844-1900 and her email address is TCowger@Primeres.com. She is great and will be able to tell yo ... more
0 votes Share Flag Sat Aug 18, 2012 Financing in Oklahoma City
Dan Tabit, Real Estate Pro in 98074
Dan Tabit answered:
I own 2529 SW 25th 73108 (17K owing/8.33% private mortgage) and 2424 Sycamore 73128 (100%), credit is 600 - how do I get 5K cash out asap?
Trixie,
Owning a home outright and another with very little debt will give you several options. Just realize that $5,000 is a small amount for a home loan and the traditional routes ... more
0 votes Share Flag Sat Aug 18, 2012 Financing in Oklahoma City
Bridgett Wel…, Real Estate Pro in Oklahoma City, OK
Bridgett Wells answered:
I own 2529 SW 25th 73108 (17K owing/8.33% private mortgage) and 2424 Sycamore 73128 (100%), credit is 600 - how do I get 5K cash out asap?
I work with some great lenders that may be able to help you. If you would like more informaion, please feel free to contact me,

Bridgett Wells
Keller Williams Northwest
651-9320
0 votes Share Flag Sat Aug 18, 2012 Financing in Oklahoma City
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
where can I find 80% LTV Loans for non owner occupied investors buyers for rental properties?
I don't understand your consternation; 20% down is fairly normal for investment properties.

I have worked with a Mortgage representative in California, (they can do loans anywhe ... more
0 votes Share Flag Sat Jul 9, 2011 Financing in Oklahoma City
Russell Bens…, Real Estate Pro in 73170
Russell Benson answered:
Is it possible to buy investment prop in okc with less than 20% down?
Yes it is. Bank of Oklahoma has a great loan right now but generally speaking 10% is about how much you need.

Let me know if I can be of further service. I sell lot sof rental home ... more
0 votes Share Flag Mon Nov 28, 2011 Financing in 73112
Sergio Herna…, Real Estate Pro in Naples, FL
Sergio Hernandez answered:
First time home buyer looking to buy a house. Can someone explain FHA loan? Don't have the money for 20% downpayment. Is FHA loan best way to go?
FHA is a government program that insures the loan you obtain from an FHA approved lender.

Speak to a lender, or mortgage broker familiar with FHA loans, for more information and to ... more
0 votes Share Flag Thu Apr 2, 2015 Financing in 73160
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
I'm looking to buy a condo or house 105,000. I'm putting down 55,000 but I can't seem to get a loan for the other 50,000. Why is that.?
Consider checking with any local community banks, credit unions, etc.
0 votes Share Flag Tue Apr 5, 2011 Financing in Oklahoma City
Mike Malvey, Real Estate Pro in Fort Collins, CO
Mike Malvey answered:
My boyfriend and I are considering buying our first house. Can someone assess our situation and let me know our odds of qualifiy for a mortgage?
Overall you look to be in good shape. You should get in touch with a local realtor who can guide you through the process which will include talking with a local mortgage lender. Would ... more
0 votes Share Flag Mon Feb 21, 2011 Financing in Oklahoma City
Russell Bens…, Real Estate Pro in 73170
Russell Benson answered:
How hard is it to get approved for a mortgage?
You really need at least a 620 score to get a good mortgage. Anything below that will cause a higher down payment and possibly a higher rate. Get with a good local lender and let him ... more
0 votes Share Flag Thu Sep 30, 2010 Financing in Oklahoma City
Ed Alvord, R…, Real Estate Pro in Oklahoma City, OK
Ed Alvord, Realtor answered:
With a credit score of 600 about how much would you qualify for?
You should check with your lender of choice and they would be able to advise you. In todays market, it is good to have your pre-qualification letter in place so when you are shopping yo ... more
0 votes Share Flag Wed Jan 20, 2010 Financing in Oklahoma City
Suzanne Walk…, Real Estate Pro in Oklahoma City, OK
Suzanne Walker answered:
Can you call your mortgage company and get the loan modified? I heard that's better than refinancing your home
Yes, IF they'll do it. I always advise people ask your mortgage company to modify before paying for a refinance. Here is my experience; your smaller, better banks will. The larger gia ... more
0 votes Share Flag Tue Apr 21, 2009 Financing in Oklahoma City
Barbara, Real Estate Pro in Butler County, PA
Barbara answered:
I am currently at a stand still on investing, I want to know the best way to get money to buy more properties
Check into owner financing? With the stock market down as much as it is right now, some owners are in a position to do this. The interest they earn greatly out produces the stocks they ... more
0 votes Share Flag Mon Feb 21, 2011 Financing in Oklahoma City
Ed Alvord, R…, Real Estate Pro in Oklahoma City, OK
Ed Alvord, Realtor answered:
increased cost of living in oklahoma for the last 3 yrs.
Aryn,
Oklahoma is one of the least expensive in the country. Home values are very stable compared to the nation. According to the stats I have seen lately, the Oklahom cost of living c ... more
0 votes Share Flag Thu Jul 24, 2008 Financing in 73149
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