Financing in North Carolina : Questions & Answers

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Melissa Polce, Real Estate Pro in 28031
Melissa Polce answered:
Best approach for retirement home purchase home at age 65 with 50% down payment.
It is easy to say this because I am married to the Mortgage guy I am going to give you for your answer...but I would trust him...you can tell him "Melissa sent me to you to answer my qu ... more
0 votes Share Flag A few hours ago Financing in Beaufort
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
Best method to purchase 104,000 home with 50% down and payoff in 60 months. Should I try bank loan or mortgage for 15years and pay off early?
There is no one "best" method. It depends on what you and the seller want.

Another option is seller financing. I'd probably try that first, if only because you may find it difficult ... more
0 votes Share Flag Mon Jan 26, 2015 Financing in 28516
USMortgageRa…, Real Estate Pro in Austin, TX
USMortgageRanger answered:
had a chpt 7 bankruptcy that will be discharged for 2yrs in april.can I qualify for a mortgage with little to no money down?
Yes you can qualify under the current FHA guidelines with a 3.5% down pay payment and re-establish credit. Now is the time to sure up your credit if your are looking to move forward in ... more
0 votes Share Flag Sat Jan 24, 2015 Financing in Charlotte
Goseedo, Home Buyer in New York, NY
Goseedo asked:
Condotel loans in Carolina Beach North Carolina is it possible to obtain a condotel loan on a unit with approximately three hundred and fifty square feet, a kitchenette with full size refrigerator and a substantial down payment? We have…
0 votes Share Flag Wed Jan 14, 2015 Financing in Carolina Beach
Bryan Horn, Real Estate Pro in 92101
Bryan Horn answered:
FHA Loans from a distance
Alpha - FHA doesn't lend on second (2nd) homes so you'll have to have a job within a drive of an hour or two of the house you are buying. Why not buy in the sticks of New Jersey or ups ... more
0 votes Share Flag Fri Dec 26, 2014 Financing in Charlotte
lois8591, Other/Just Looking in Waynesville, NC
lois8591 asked:
In North Carolina can a ceramic wall mounted heater be considered a permanent heat source? I am looking to sell and need to know if these new ceramic wall mounted heaters are worth purchasing for the bedrooms they mount on the wall but plug into an outlet.
0 votes Share Flag Thu Dec 11, 2014 Financing in 28786
Tony Garcia, Real Estate Pro in Charlotte, NC
Tony Garcia answered:
I have several subdivisions in the Holly Ridge and Hampstead area with 30 to 40 lots with IP's, ready to build on. Who is making spec construc loans?
Emaill me at tony.garcia@banchomeloans.com. I can put you in contact with someone that can help.
0 votes Share Flag Fri Dec 5, 2014 Financing in 28411
Kristen Hous…, Real Estate Pro in 28075
Kristen Houston answered:
We are thinking about buying but have no idea as to what a good amount for down payment would be? Any suggestions, we are currently saving.?
The answer greatly depends on which lender you choose and the type of financing you will be using. In NC there are several down payment assistance programs that you may qualify for dep ... more
0 votes Share Flag Fri Nov 21, 2014 Financing in 28025
Simon Campbe…, Real Estate Pro in Miami Beach, FL
Simon Campbell answered:
Looking for 40,000 loan with poor credit.
There are other loan programs out there that accept less than ideal credit. One of these is FHA. FHA's website states: "Minimum credit score requirements for FHA home loans depend on wh ... more
0 votes Share Flag Tue Oct 14, 2014 Financing in Edenton
Ernie Behrle, Real Estate Pro in Raleigh, NC
Ernie Behrle answered:
How to compare loans and choose the best?
I always advise my clients to meet with a local brokerage lender. They can shop for loans from not only the local banks, but out of state as well as private companies and investors. A ... more
0 votes Share Flag Mon Sep 1, 2014 Financing in 27587
Brad Chance, Home Buyer in 27344
Brad Chance answered:
how do you know if a home qualifies for a USDA loan? the web site doesn't seem to be working for me so that is out. Thanks
There is a USDA website where you type in the address
0 votes Share Flag Wed Aug 6, 2014 Financing in Asheboro
Dorene Slavi…, Real Estate Pro in Culver City, CA
Dorene Slavitz answered:
why do I have to be prequalified to just look inside a house? I would rather do the opposite.
There are many reason why a Professional Realtor will want to assist you with your "pre-approval" when you are serious about looking at property.
1.The owner of the property would lik ... more
1 vote Share Flag Sat Jul 12, 2014 Financing in Kings Mountain
David Lanzi…, Real Estate Pro in Greensboro, NC
David Lanzi and Associates answered:
I need a loan for 30000 to buy the house next door for my daughter... Not the best credit but we both work
The best way to find an answer to your question is to speak with a local mortgage lender.
They will be able to pull your credit to see if you qualify.

I would also contact any local ... more
0 votes Share Flag Tue Jul 1, 2014 Financing in Hayesville
Trent Corbin, Real Estate Pro in Charlotte, NC
Trent Corbin answered:
Mortgage for recent 1099 status?
Frederick,

In my experience, 1099s do require additional proof of income which may be what is generating the feedback you're receiving in regard to waiting another year. I have had c ... more
0 votes Share Flag Sun Jun 29, 2014 Financing in Charlotte
Tony Garcia, Real Estate Pro in Charlotte, NC
Tony Garcia answered:
My middle score is 700. I have a federal lien of $11,000 due to student loans. I have been on a pymt plan for 9mths. Can I qualify for a mortgage?
The short answer is yes. The lien holder would have to agree to subordinate to the first trust. Email me at tony.garcia@banchomeloans.com or call at 571.246.4373 to discuss. I am in ... more
0 votes Share Flag Fri May 30, 2014 Financing in Charlotte
Tammy Hayes, Real Estate Pro in Port Charlotte, FL
Tammy Hayes answered:
Can I get a home loan with scores 593 -626-659?
Yes, there are lenders that will provide a loan with those credit scores, but it does depend on other factors as well.. Contact a local Realtor and ask them for a recommendation of a l ... more
0 votes Share Flag Thu May 29, 2014 Financing in 27107
Paultrynor, Home Buyer in Atlanta, GA
Paultrynor asked:
My husband is a truck driver and we have been trying to get a home loan for 3 yrs now and have felt with quite a few mortgage brokers and can't find Anyone that can get us 100% approved we've been pre and pick a house and ended up losing because of the fact that he gets per diem witch is a tax write off for him he's…
0 votes Share Flag Thu May 29, 2014 Financing in North Carolina
Dani, Renter in Charlotte, NC
Dani answered:
Do you accept Section 8 vouchers?
I'm seeking a 3 bedroom 2 bath in the Indian Trail, Matthews, MInt Hill, area that accepts Section 8? I have stable veifiable employment. I would like a safe and well maintained communi ... more
0 votes Share Flag Thu May 29, 2014 Financing in Matthews
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