Financing in 19103 : Questions & Answers

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Frank L. DeF…, Real Estate Pro in Philadelphia, PA
Frank L. DeFazio answered:
Moving into the city from the Main Line. What new taxes and other financial changes should we be aware of?
When you purchase buyers usually have to pay 2% (of the purchase price) transfer tax at closing. Philly very low property taxes compared to the Main Line and some homes offer tax abate ... more
0 votes Share Flag Thu Oct 18, 2012 Financing in 19103
Frank L. DeF…, Real Estate Pro in Philadelphia, PA
Frank L. DeFazio answered:
Closing Costs question in Philadelphia
John Curci's answer below is accurate. The total is basically 5% of the purchase price if you have a mortgage.

Frank L. DeFazio, Esquire
Prudential Fox & Roach Realtors – So ... more
0 votes Share Flag Mon Sep 17, 2012 Financing in 19103
Bill Polack, Real Estate Pro in Atlanta, GA
Bill Polack answered:
If I bought a lot in Poteet, TX and plan on building a home there. How would this process start I have no clue.?
Two, no, 3 ways to do this: One is to find that guy on ABC to build it for you...just kidding. Okay, 2 ways. The first is to find out if you want to build it yourself or have someone bu ... more
0 votes Share Flag Mon Sep 28, 2009 Financing in 19103
Michael D De…, Real Estate Pro in 18969
Michael D Delp answered:
Can you still get a jumbo mortgage (non-FHA) in today's market with a 5%-10% downpayment?
Lawrence,
Yes, there are still lenders with jumbo loans. Qualifying for them just got a little bit more difficult. Credit scores, loan to value and a good appraisal will be key in qu ... more
0 votes Share Flag Mon Jan 5, 2009 Financing in 19103
The Somers T…, Real Estate Pro in Philadelphia, PA
The Somers Team answered:
Once a buyer signs an agreement of sale and provides a 5% deposit, do they have a period of time to cancel
A buyer can back out based on the contingincies that were elected on the agreement-of-sale . If a contingency protects the buyer, the deposit monies should be returned. I would recomm ... more
0 votes Share Flag Sat Dec 29, 2007 Financing in 19103
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