Financing in McHenry : Questions & Answers

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Richard Litt…, Real Estate Pro in Orange County, CA
Richard Littlefield answered:
Mortgage closing costs total explanation with FHA funding??
The mortgage is actually made by private investors and is insured by FHA. The money is the cost of insuring that.
It is expensive, but you get a much lower rate because the investors ... more
0 votes Share Flag Thu Oct 27, 2011 Financing in McHenry
David - Appr…, Real Estate Pro in Maricopa, AZ
David - Appraiser answered:
I live in a new home subdivision and my home is now three years old. I just tried to refinance the mortgage and when the appraisal came back grossly
Yes that is true. For a refinance, the appropriate comps are existing properties (resales) active and sold. In the event of a foreclosure on a refinanced property, the lender would wa ... more
0 votes Share Flag Thu Nov 19, 2009 Financing in McHenry
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