Refinancing will involve paying for appraisal, title report, escrow & other lending fees. You will need to be in an equity position on your home (in most cases) and credit worthy. You can refinance with your current lender or any lender you choose.
A loan modification is done with your current lender. You request that your rate and in some cases loan balance be modified to reflect the actual value, assuming its gone down and your ability to afford the home. Loan modifications are typically done when someone does not have equity and is having difficulty maintaining their payments due to a hardship.... more
Consider previewing the home prior to speculating about the price the sellers will be willing to accept.
If the home is priced below the current market value, the successful buyer could end up paying more than the asking price.
If you're serious, visit the home....if you're still serious.....make a serious offer!
I have a few good men and women to refer! I have pre-screened my referral partners and only refer those who I would send to my own family.
Let me know if you would like me to help!
Potential Home Buyer
To many variables to give you the correct answer. I can give you an example of a purchase price of $100,000 , 3% down payment, 6.50% interest rate, property taxes of around $3000 year and paying mortgage insurance $41 month (required unless you put 20% down). This would get you close to $900 a month. It all depends on how much you would be putting down, interest rates and property taxes. Hope this helps you.... more
You can start with the FEMA Map Service Center who creates the flood plain maps:
If this is not sufficient information for you then call the county building permits office. They will be able to tell you which department maintains local map sets of flood plains.
Emmanuel Scanlan, Professional Real Estate Inspector
Over the past 3 months in Sauk Village, the MLS shows the averages for closed single family home transactions were as follows:
AVERAGE SALE PRICE: $112,666
HIGHEST SALE PRICE : $254,000
LOWEST: $64,362... more