Home Buying in 60617 : Questions & Answers

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Joanna Weiss, Real Estate Pro in Chicago, IL
Joanna Weiss answered:
We just quit-claimed my partner onto a two unit property in Chicago & its mortgage-free. Does my partner have to wait 6 mths to apply for a loan?
Yes, he will need to wait 6 months, because it would be condisered a cash out mortgage. This requires a 12 month chain of title. Basically, the lender will check the ownership of the ... more
0 votes Share Flag Thu Mar 21, 2013 Home Buying in 60617
Robert Chome…, Real Estate Pro in San Diego, CA
Robert Chomentowski 858-922-7899 answered:
my credit is 720 my fiance is 530 can we still get a home he is also a veteran who do we talk to?
On any loan with 2 borrowers the lender will use the lower of the two borrowers credit scores. 530 is too low. What is bringing his score down? Many times there are things that can b ... more
0 votes Share Flag Mon Mar 18, 2013 Home Buying in 60617
Joe Schiller, Real Estate Pro in Chicago, IL
Joe Schiller answered:
Can a current lawsuit by a seller prevent a buyer from purchasing another home?
your wasting your time.. a few years from now you might get your way..it's a big city..move on
0 votes Share Flag Mon Mar 18, 2013 Home Buying in 60617
Marc Jacobs, Real Estate Pro in Chicago, IL
Marc Jacobs answered:
Bank or Mortgage Lender? Without having a score as high as 700, what should I do?
Of Course I may be biased, but I think a broker is your best choice. A bank has very rigid guidelines, and unless you fit into the whole perfectly, you will eihter not get approved or ... more
1 vote Share Flag Thu Jun 25, 2009 Home Buying in 60617
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