The first step Regina is to get preapproved. I can put you in touch with a Lender that can tell you where you are and give you step by step guidance about what you need to do, if anything, to be ready to buy by April. Your credit score and debt to income ratios have to be in line. Call me at (615) 582-1156 so that I can get your contact information and have him call you. There are a lot of programs available to help first time home buyers with down payment and closing cost. Once you're prequalified, Its time to find you your Dream Home! I look foward to helping you. Thanks LaTonya Martin, Broker Grande Style Homes Www.grandestylehomes.com... more
Cager this bank on property is not yet on the market for purchase. If you are looking for foreclosures in this area please text me at (615) 582-1156 with your email address and I will send you a list of foreclosed homes in the area. Just let me know what price range your wanting to stay in. Thanks LaTonya. If you have additional questions feel free to call me. Thanks LaTonya Martin, Broker Grande Style Homes Www.grandestylehomes.com or firstname.lastname@example.org... more
Dear Listennlearn21 -- I understand that you are interested in perhaps purchasing some property in the greater Nashville area. I also saw your inquiry about the home in the Bordeaux neighborhood to be auctioned, and of course the locations mentioned above.
Homes and property are generally major purchases for most families. Why not consider coming up with a list of your priorities for home ownership (location, distance of your commute, school zone, condition and style of home, etc) and then asking a Realtor to assist you with your home search? Instead of getting a home at auction (for less than $10,000) which will almost certainly need work, why not devote the funds you have saved to serve as a down payment? I would be happy to share with you the names and contact info of a few mortgage lenders. I wish you the best of luck.... more
Each state has different closing costs, and there will be different lender/broker costs as well. You should speak to a reputable loan officer, who will not give you a formal GFE right now, but should be able to give you some kind of cost estimator. It is difficult to say a percentage because there are many things that go into it, including taxes and homeowner's insurance.
As far as rolling them into your mortgage, the only way to do that is to try to work in a seller's concession, which may cover all or some of the costs. The issue is that the house has to appraise for the higher amount. Also, with short sales or foreclosures there may be additional costs, plus it is rare to be able to work a seller's concession on those.... more
Yes, a secured card does help build up your credit score. It normally shows up within 30 to 45 days. If you're not working with a Lender, I can refer you to one that can help you with boosting your score and getting preapproved. Let me know how I can help. Thanks LaTonya Martin, Broker Grande Style Homes. Www.grandestylehomes.com (615) 582-1156.... more
Our opinions here are going to be based on limited information. I've worked with several buyer's through many years in both Mortgage and Real Estate and the advice is not uncommon. It may be due to not having enough established trade lines. Or it could be due to needing to re-establish credit after a tough time. In either case, getting a card and using it in a limited responsible fashion will initially reduce your score, but in short order improve it.
Only use the card for expenses you would normally pay cash for and then pay it off monthly, things like gas & groceries. Don't treat it like "extra money." When you see your checking account in better shape than you might be used to seeing it, avoid the temptation to splurge on something.
Credit is like a muscle, it must be used to grow but not abused so it won't be strained or damage. New credit, within reason will be useful and may be necessary to get your scores where you need them.
If you are afraid of being declined, start with your own bank or credit union and ask about a secured credit card. You keep money on deposit that allows them to give you the card. Your limit is tied to your deposit. Best of luck.... more
Maddy -- There are so many homes that would fit that description! Please provide a few more details. Would you prefer to be on the north side of Nashville (as in the Goodlettsville, Greenbrier, or Springfield areas)? Or perhaps the northwest side, in the vicinity of the I-24 corridor? Joelton and Pleasant View are lovely places where you could easily find an acre lot (and likely an even bigger lot). Or do you wish to be more eastward -- like Hermitage, Old Hickory, or Mt. Juliet?
Could you also provide a few details on what kind of home speaks to you? May I presume you'd prefer a 3-bedroom, 2-bath home? Does a certain style appeal most to you? And last, of course, what sort of budget do you have in mind? I would be very happy to work with you to find you a terrific home. If you'll send me an email -- my address is email@example.com -- I will forward to you a helpful guide to becoming a homeowner. By the way, welcome to the Nashville area!... more
I'm a Nashville resident and agent, and I'd love to help you! I even have special brochures which feature high-quality photos of the neighborhoods and breakdowns of the 'feel' of each neighborhood that I can mail to your current address, if you'd be interested. :)
That said, what would you be looking for in a neighborhood, and a home? Do you have a rough idea of what your budget is?
For a little more information on the Nashville neighborhoods, and a map of them, check out my website's page on the matter: http://www.nashvillespropertysearch.com/communities.php
You may be very interested in East Nashville, Germantown, 12 South, or Sylvan Park!... more
North Nashville is definitely on the move. The incoming baseball field coming to Jefferson Street will be another boost for the Area. If you're thinking about moving, I'd love to help. LaTonya Martin, Broker (615) 582-1156. Www.grandestylehomes.com... more
Franklin would be a great choice. My family and I moved to Franklin from NY in 2000 and I can tell you first hand that it's an amazing town. Feel free to give me a ring. I'd be happy to fill you in on the benefits. Too much to list.
Chris Mannino, SFR
The Lipman Group Sotheby's International Realty
2325 Crestmoor Road, Suite L-4 Nashville, Tennessee 37215
Cell 615.299.7995 Office 615.463.3333 Fax 615.463.3311
My Website www.chrismanninohomes.com
Company Website www.thelipmangroup.com
International Website www.sir.com... more
First of all, congrats on working to improve your credit score and on being employed for a full year. You should consult a mortgage lender for exact details, but I'm afraid you will probably need to increase that score even more and get another year of experience before you become a homeowner. Most lenders for FHA loans require a score of 620 and at least two years of reliable income. Lenders will figure out an important ratio that's called your debt-to-income ratio. What are your monthly expenses (including car payments, student loans, etc)? What is your monthly income? Your mortgage expenses (alone) should not be more than 31% of your income, and your total monthly expenses shouldn't be more than 43%. One of the best steps you might take at this stage of the game is to visit the FHA website: www.FHA.com. You'll find lots of valuable information there.
Best of luck, Brittany, and I would be more than happy to help you find the right home when you're ready.... more
Sure :-) check my website - love to assist you www.allisonkennedy.net. You'll get a million replies that question for sure. Let me know what kind of investment property you're considering and I will tell you if I am a good fit, in the meantime my site will tell you a lot. Either way .... Nashville is a great place to be investing right now so ENJOY !!!