Financing in Gilroy : Questions & Answers

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Sheryl Arndt, Real Estate Pro in California
Sheryl Arndt answered:
Getting a loan - need advice - tips and tricks
Yes, I offer self employed Stated Income Loans for self employed with a minimum 700 fico score and 20% down. It only takes a few dozen questions to qualify you in minutes and go over yo ... more
0 votes Share Flag Thu Jul 4, 2013 Financing in 95020
Debby Bright, Real Estate Pro in Los Gatos, CA
Debby Bright answered:
My huband is not on our home loan, but he is on title. How will that impact his ability to qualify for another morgage in just his name?
This is a good question and I'd have to refer you to a good mortgage broker for a complete answer. Call Ted Oberson of Evernote Bank, 408.910.4833.


Debby Bright
Real Estate Broke ... more
0 votes Share Flag Wed Jul 3, 2013 Financing in 95020
Debby Bright, Real Estate Pro in Los Gatos, CA
Debby Bright answered:
My husband quailifies for a mortgage on his own. I will be on the deed . Would I be able to borrow the closing cost from my 401k?
I wouldn't touch the 401K. Unless you're 59years old (I think) there will be tax consequences of taking cash out of your retirement savings. Besides, you're going to need that when yo ... more
0 votes Share Flag Wed Jul 3, 2013 Financing in 95020
Sheryl Arndt, Real Estate Pro in California
Sheryl Arndt answered:
My wife stopped paying the mortgage on the house I live in with our daughter, and the bank refuses to talk to me. I am divorced and she walked away
Hello Dad333, If your on title, you can refinance to just your name if she would sign a quit claim. I can get a copy of the recorded document if you signed a quit claim to her from titl ... more
0 votes Share Flag Mon Sep 24, 2012 Financing in 95020
Voices Member,  in
Voices Member answered:
Separated husband stopped paying loan and bank will not talk to wife to her as name is not on loan
And if your "friend" has an attorney then they need to do some work.
0 votes Share Flag Fri Jul 6, 2012 Financing in 95020
Ken Robertson, Home Buyer in San Jose, CA
Ken Robertson answered:
I own a 6 acres in Gilroy, CA, M1 Zone, Hwy 101 expose, paid off. I need a 50% partner. Where do I search? I am willing to sell and carry 50%.
I don't know where you can find a partner, but if you want to keep it, and need funding, I may be able to help you with that part. Or, if you find a partner who needs funding, we can h ... more
0 votes Share Flag Thu Jun 28, 2012 Financing in Gilroy
Steve Ornell…, Real Estate Pro in Fremont, CA
Steve Ornellas answered:
Does PMI terminate if my mortgage balance is paid down to less than 78% of my original balance?
From: http://library.findlaw.com/1999/Oct/1/131370.html

[Quote]

Private Mortgage Insurance And The Homeowner's Protection Act of 1998
By Jacob I. Rosenbaum of Arter & Ha ... more
0 votes Share Flag Mon Apr 12, 2010 Financing in Gilroy
Tony Grech, Real Estate Pro in Michigan
Tony Grech answered:
what happens when house appraises for lower than offer amount with builder?
If you are putting 20% down then you could still finance the same amount, however it would be subject to PMI now. Rather than asking the builder to reduce the price altogether you coul ... more
0 votes Share Flag Thu Oct 15, 2009 Financing in Gilroy
Lynn911.com…, Real Estate Pro in Dallas, TX
Lynn911.com Dallas Realtor answered:
So the best optinion is to renegotiate? The seller has given concessions to us. Is that something that can be taken back?
If you want short sale or foreclosures be prepared to keep submitting offers unless your agent knows how to work opp's for their buyers. We are successful with winning bids, howev ... more
0 votes Share Flag Thu Oct 8, 2009 Financing in Gilroy
Marc Perkel, Home Buyer in 95020
Marc Perkel answered:
B of A PMI Games?
It turns out that indeed Bank of America's PMI terms violate federal law.

http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=105_cong_public_laws&docid=f:publ216.105.pdf
0 votes Share Flag Wed Jun 17, 2009 Financing in Gilroy
Linda Reming…, Real Estate Pro in 44254
Linda Remington answered:
I thought pre approved meant pre approved. Understanding the lending process.
Hi Marc
You've had some good answers....and across the country there are varying practices and in the mortgage side of the real estate industry things are changing on a daily basis. ... more
0 votes Share Flag Sun Apr 19, 2009 Financing in Gilroy
1stfinagroup…, Other/Just Looking in Cheshire County, NH
1stfinagroupltd answered:
I have 15% down instead of 20%. Want to avoid PMI.
Hello

Saw your posting online. I am a private lender willing to work with you. Flexible repayment terms and a timely closing schedule.We offer at typical rates of 4.7% APR. ... more
0 votes Share Flag Thu Apr 16, 2009 Financing in Gilroy
Matt Lee, Real Estate Pro in 95131
Matt Lee answered:
Where can I compare mortgage rates for 30 year if I want to borrow around $550,000 to $600,000?? Which bank ha
everybody situation is different...including a person credit score, income, and downpayment....I am a mortgage broker and can probably answer your questions more specifically. Call me ... more
0 votes Share Flag Tue Apr 15, 2008 Financing in 95020
Jeff Marr, Real Estate Pro in Folsom, CA
Jeff Marr answered:
conforming loan limits will go into effect?
Wert - the new 'conforming-jumbo' loans are currently available, though for the most part, they're not pricing any better than the regular jumbos. Looks like it might be a few months be ... more
0 votes Share Flag Wed Mar 26, 2008 Financing in 95020
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