Many people like a double sink in master bath, but I have never had a client who said it was a deal breaker when buying a house. Sometimes trying to squeeze two sinks in would take away from counter space making it even worse. If you are planning on staying, I would do what is best for you, you're not removing a bathtub, bathroom or bedroom, which would definitely have an impact on resale. Good luck!... more
Hey Kristen- It depends what you are looking for within Clintonville. There is also west Clintonville which has lots of homes built after 1960. In the east of 315 Clintonville area there are some homes built after 1960 as well. Any home basement can get water if it rains enough. If you want to see a few homes and have a more in-depth discussion call me.... more
Very possible. We can lend at a 580 credit score with only needing the 3.5% down on FHA. You can government opt out your credit which should raise it up to 25 points in 2 credit cycles. Let me know if I can further assist.... more
5 months ago I made an offer for a short sale home with two mortgages. The first lender agreed to pay the second 6 grand to release the lien. Both banks signed the offer and we had a closing date. Since this is to be an FHA loan, they decided to send their own appraiser. It was determined that the property may be worth more even though it has been in short sale for over three years and I am the 9th person to make an offer. The bank raised the price an the whole process started over. I raised my offer. A month later, I was told that my offer was accepted. However, the bank accepted my first offer which was lower.
The second mortgage bank has yet to sign the offer and we have missed two closing dates thus far. I was told today by the listing agent that the second mortgage bank is stalling in the hopes that it will go to foreclosure so they can go after the sellers for more money. There are laws that prohibit a second mortgagee from intentionally holding up the short sale process, but I have no idea how to prove this. The 8 potential sellers gave up on this process, but I have no intention to give up. Has anyone else been in this situation? Are there legal options?... more
Most lenders require two years of verifiable work history. Hang in there and remember in this hamster race its all about consistency ! All good things come to those who work towards it , in this case that is two years .... more
Reach out to a credit assistant or lender and ask them how to start rebuilding your credit score. The min score is near 620 to obtain a home loan. Start repaying all past debt and once paid ask for a letter to validate repayment. Note either you pay these past bills now or you will pay in other manners later like higher interest rates or worse like not being capable to receive credit at all. Good luck... more
Trulia is not a real estate company, nor is it a lender or a bank. If you're interested in buying a home, you'll need to 1) Find a local lender and get pre-approved; and 2) Find a local Realtor who can help you find homes that fall under your search criteria.
You can ask around to friends, family or co-workers if they can recommend any lenders to Realtors in your area. Or, you can search here on Trulia under "Find an Agent".
Unfortunately, your history of evictions usually indicates, non payment and or damage. It will be very difficult to have a landlord want to take a chance with you unless you are willing to put down a substantial deposit. I suggest you offer to put down a deposit equal to 3 months of rent. That will show good will on your part and make the landlord more open to renting.... more
The process for getting pre-approved should take anymore than a day or two unless you have complicated credit or employment issues to work through. I would recommend starting the process no later 45 days prior to your targeted move out date as your biggest problem will be finding a home.
The FHA is a scam but not for the reason your friend mentioned. Look at the APR instead of the interest rate to find the true cost of the loan. An FHA loan, typically will have the best interest rate but the highest APR (by 1-1.5%) which is a better reflection of the true cost of the loan. However, when you start making the monthly payments, the FHA loan is actually higher than if you had a conventional loan. Your friend might be in an ARM. Fortunately, the rates are still historically low and hopefully refinanced by now into a Fixed rate.
Here are the cost consideration broken out when taking a FHA:
1) Upfront PMI is 1.7% (rates change frequently) of the principal amount of the loan. There is no upfront fee for PMI on conventional loans. This is several thousand dollars that is lost immediately and is added to the balance of the loan.
2) Monthly PMI is about 1.4% (rate change frequently) divided by 12. The PMI for conventional loans is about half as much. In fact, this is the reason that the monthly payment for the FHA loan is actually higher than if you had a conventional loan.
3) As of June 2013, the PMI for the FHA loan is now for the life of the loan. This was the biggest deal breaker for me and anyone considering this loan. This can cost you between $100-200k over the life of the loan.
4) If you refinance out of the FHA loan, the upfront PMI is not refundable.
5) If you refinance out fo the FHA loan, you have to pay the entire month of interest no matter when the new loan closes. This forces you to close on the new loan at the end of the month. Conventional loans prorate your interest when you refinance.
DO NOT USE THESE LOANS. Save an extra 1.5% to get a downpayment of 5% instead of the FHA minimum of 3.5%..... more
Photographer to take pictures - I take my own, but if I hired someone I would be there to let them in.
Turn on lights etc - you think your agent is just sitting around with nothing else to do. Maybe sometimes but to think every time - no. I am a big boy and can turn lights on for my buyers.
12 hrs notice - sometimes, but would you really tell the buyers agent to not show the house because they gave 6 hrs notice or 30 min notice? I had an agent call me at 10:30am today to show a house at noon. It happens and I said yes.
If it's a $1.5 mil oceanfront vs a $75,000 split foyer it could make a difference to an agent what they will drop to go open blinds.... more
You were probably very close to the Dublin historic district if you are referring to the street signs being black and white. I work in the Dublin area, and I'm familiar with Dublin. Please send me a message at email@example.com to discuss how I can best help you with your home search.... more