Home Ownership in Bronx : Questions & Answers

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Trevor Curran, Real Estate Pro in Bronx, NY
Trevor Curran answered:
Hi is it possible to get a loan for a condo with a credit score being 587 ... And having a down payment or closing cost of 6000.00 ?
Good morning Tanyadunham13,

We see many credit reports with low credit scores (anything less than 620), and often many scores in the 500's. This is BAD credit. If you are one of th ... more
1 vote Share Flag Mon Mar 3, 2014 Home Ownership in 10468
Sanjeev Ahuja, Real Estate Pro in Floral Park, NY
Sanjeev Ahuja answered:
hello, can a couple that has one person with bad credit and the other with new credit buy a home?
Every loan is unique and there is no way to give a definite answer unless all factors like credit, income, assets, d own payment etc are considered. Certain lenders can approve your loa ... more
0 votes Share Flag Sun Nov 17, 2013 Home Ownership in 10469
Mark Fisher-…, Real Estate Pro in New York, NY
Mark Fisher-Mortg Lender answered:
I would like to buy my brother in law from the house we own? how could I do this.?
You would have to do a cash out refinance to buy him out.
1 vote Share Flag Sun Aug 25, 2013 Home Ownership in 10473
Trevor Curran, Real Estate Pro in Bronx, NY
Trevor Curran answered:
Are taxes on second homes deductible?
Only a tax professional or CPA can answer this question. Mortgage professionals are prohibited from giving tax advice.

Trevor Curran
NMLS #40140
Mobile: 516-582-9181
Office: 516- ... more
0 votes Share Flag Fri Jun 28, 2013 Home Ownership in Bronx
David Rodrig…, Real Estate Pro in 10465
David Rodriguez answered:
How is a home's value determined?
Hi Samsam,

This is a great question! A home's value is determined by the market. In other words, look at the last nine months worth of sales of similar homes within a half mil ... more
0 votes Share Flag Wed May 22, 2013 Home Ownership in Bronx
Nelson Fuent…, Real Estate Pro in Morris Park, Bronx, NY
Nelson Fuentes answered:
I'm looking for Exp. Realor to help me in the process of buying my first home
We do Section 8 rental everyday at my office, but I do recomend to be specific on the type of section 8 program you are looking for.
Could be section 8 tenants, tenants that works, oth ... more
0 votes Share Flag Thu Mar 7, 2013 Home Ownership in 10469
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