Kawain Payne answered:
How long should short refinance stay on your credit report?
Hello Kwaku710,
It will stay on your credit report for 7 years.
Think of 7 as "the number of completion". This goes back to Old Testament days, and has been carried over for thou
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Steve Alford answered:
Need to sell deceased parents' home.
It sounds as though your mother has done this correctly and the process should roll smoothly along. There will typically be no headaches if the Trust is sound. Being that there are th
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Gregorio Denny answered:
Should I refinance and convert my FHA loan to conventional so I can get rid of MIP (PMI)?
"Just curious. How is this being considered an investment property if I will continue to live in it?
Someone mention if I refi to conventional I would have to live in it for for 12 mo
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Louri Groves (714) 767-8158 answered:
Switching Buyer Agents
Hi Nelson.Debbie,
Have you mentioned to your current agent about the original offer that you and your husband submitted on this property? There may be an issue of who "procured caus
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Russ Ravary answered:
i signed short sale house and i put 10000 dollar deposit against that house, finally bank deny my loan, but seller attorney tryin to keep 5000 dollar
Have a real estate attoryney (yours) look at the contract and review your situation
Ann Urias answered:
Tax result if I sell my home now? About $700,000., bought at $210,000. in 83.
Its a great time to sell http://www.annurias.com/ we offer 1% Listing fee - In regards to taxes check with your CPA
George Raymondo answered:
Moving out of state, want to buy a home in Austin(first time home) where do i apply for the loan here or Texas?
Hello,
I too relocated to Texas from California in February (the taxman chased me out) and although there are clearly more programs in CA for the first time buyer, there are some pre
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Kawain Payne answered:
Hi agents, if rent payment is the same or less than a mortgage payment of a similar property, what does this indicate for the market?
Hello Heather,
I would tell them this:
Whether you rent or buy, you will be paying a mortgage. The question is will you be paying your own mortgage or paying the mortgage of your
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Heather Garcia answered:
A lead from Trulia recently contacted me regarding a listing agent asking for cash (up front and under the table) to guarantee she would get the home.
Good Morning,
I just want to offer a sincere Thank You to each of you who took the time to offer you input. I have decided not to report it as the truth remains that I do not have con
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Cindy Davis answered:
Experienced Agents: What is your personal style during the inspection? Follow the inspector around the home asking questions? What is most helpful?
Good question. Actually, it makes sense to me to ask the inspector what he/she prefers. I've had inspectors who were very comfortable with being followed around, others not.
I always
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Kawain Payne answered:
Anyone heard of a legit "Rent to Own a distressed property". I have a client asking about this but my initial thought is it has to be a scam.
NO. I advise my clients to think of renting and owning as TWO VERY differnt things..
NO RENT TO OWN
ONLY RENT OR OWN!!!!!!
Kawain Payne, Realtor
Robert S. Foust answered:
Short Sale Cancellation.
Agree with others. Any email (from whom by the way) is not enough in my experience. I think they'll have a tough time with that one.
Ronald Accornero answered:
Declaring Bankrupt, Can we still buy?? My Husband is going to file for 'bankrupt'. Can he attempt to buy a home once his process is done?
He will be able to buy again after 7 years, but even then he will not get the best rates available.
If you have the option of a short sale it is much better. You can buy after two yea
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Sheryl Arndt answered:
New credit, but Want to buy!!'
You will have to wait 2 years from the BK discharge date to be able to qualify for a home loan. Let me know if you have any questions or need any advise in regards to his credit profile
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Shane Milne answered:
90% owner occupied loan for purchase of a duplex in california
An owner occupied duplex can be purchased with FHA financing with 3.5% down. Fannie Mae caps out at 85% LTV, Freddie Mac caps out at 80% LTV.
Shane Milne | Lending in all 50 states
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Brandy Nichole answered:
i have cash for a doublewide but have bad credit can i get into park
my husband has only a tax id no social security card and credit like 600 or 610.Is he ablento get a loan to purchase a mobile home if so how much down and what state?
Sheryl Arndt answered:
do unpaid internships count as employment history?
Yes, you can start a job right out of unpaid internship and qualify with the first month paystubs to qualify. You may qualify for CHF Access half percent down payment program with a min
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Sheryl Arndt answered:
Im looking for a realty agent in the <a class="inlineAdmedialink" href="#">orange</a> county area who will actually
How is your credit? You could qualify to purchase with a minimum 580 fico score with only Half Percent down payment.
http://tinyurl.com/8m558h4
http://www.under640ficoscoreloans.
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Caron answered:
Keep laminate, or replace with carpet now, or hardwood later?
I'm thinking now about changing the upper floor hallway and stairs to hardwood (maybe with a carpet runner?) and bedroom floors to carpet. Should the master be hardwood too then and ju
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Richard Littlefield answered:
Is the FHA funding fee considered a closing cost? If it is I would like to use the sellers credit to pay for it instead of adding it to the loan.
While it really is a closing cost, most loan officers do not quote it as one. I looked this one up and from what I could find t here really was no reason why you could not do that. But
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