The Lender will require an explination for the $ 10k and they won't take a verbal over the phone.
You will need a letter of explination as to why they gave you the money. Also a gift letter that you can get from your mortgage broker or bank. Im sure the internet can provide the fannie mae copy. Then your parents will need to complete the gift letter and all parties will need to sign it. Its easy to fill it out.
It gets harder, your lender will require as part of the gift letter proof as to where the parents got the $10k, copy of their bank statement, copy of withdraw, copy of deposit into your account.
Start off with; the $10k is NOT to be used for the purchase of the home and make sure you have ample funds to cover closing costs and down payment. Your mortgage broker should have told you all this a long time ago. Lenders always want to see Bank Statements and to suddenly have $10k in your account will raise a red flag.
above is a site that has the gift letter / or at least one that will work. If it was me I would get it from the Mortgage Broker. Sounds like you dont have a lot of time so I would get in touch with your mortgage professional ASAP.
I hope this helps. I spent 7 years doing Conforming loans and worked as an undewrwriter. Don't sweat it just get it done.... more
The best thing for you to do is contact a local lender and ask what their stipulations are on mobile home financing. Typically have to have a good amount of money down. Hope this helps. Best of luck.... more
The first step is to look into what your house could sell for in todays market and if you owe less then what you could sell it for then we would find where you want to move to and what you want... then see if what you want is available. If there are houses that you like in the area that you like the next step is to talk to a mortgage person to see if your able to obtain financing. If so then we get your house in the market to get it sold.... more
Facebook is mostly used to stay in touch with the people you know. It really is not so much for lead generation or advertising listings. I remind people that I am a realtor by posting relevant news about real estate, my blog from here on Trulia, or even some of the questions I answer here, on my facebook page. The rest of the time I post about my family, what's going on in my life, even my political views, things that will attract the attention of my 'friends'. I actually got one listing in this way, I posted a blog about short sales and a childhood friend of my daughter's messaged me and said, 'please help my brother, he's in trouble with his mortgage.' She told her brother to expect my call, we listed and sold the house and how he's my facebook friend as well, and an excellent source of referrals.... more
My suggestion for finding a good buyer’s agent is to check out the agent’s websites which should include information about the agent. A good recommendation is to ask your friends and family for a referral for of agent they have had a good experience doing business with. You may want to visit open houses to talk to agents and see how they work. Look for an agent who is not just trying to sell you a home but will take the time to explain the process of buying home and answer your questions. Best of regards for your home purchase!
Prudential California Realty
DRE 985176... more
The school district is Knoch (South Butler County). I live in the area and graduated from Knoch. The house is beautiful and has 4 acres. The insides are amazing. When are you looking to move to the area? You can email me at PaSteve@kw.com or call 724-968-2639 and we can find the perfect time to have you view this show piece home.... more
A good buyer's agent will show you homes that match what you are looking for. If your price range is modest, yes, so will their commission be modest but a small commission is better than no commission. A good agent understands that. Many agents are interested in establishing a relationship with their customers so that they will be referred to their friends and family. If you have an agent that consistently shows you you homes above your price range and open communication doesn't change their behavior, it may be time to change agents.... more
Sounds like you are asking the right questions. In the future you will need a loan officer and a realtor but for now, or at least first, I would recommend getting with a financial planner and get a plan. The information necessary to answer the last question needs more data than you have room for here. A consultation should cost you nothing and a good planner is happy to help you put a plan together now before you make those big decissions. Then if you are ready to buy, select a realtor and loan officer that works well together to make your buying power go the longest distance for your goals. Best of luck.
Benny Smith... more
I am confused, who are you in the deal ? Are you saying that you are also a potential buyer and your agent has given an offer to the listing agent who then told their (the listing agents) buyer what you offered? Is that the scenario?
If not please explain a little more what is going on and who you are in the deal.... more
Location and Zoning are great contributions to the value of the land. You need to research the per acre cost in the area, easily done at the courthouse or thru a Realtor. Another thing you have to consider is who is going to pay for the cost of subdividing the land to you, or if yourlucky, a lot line revision,... more