Financing in Pleasanton : Questions & Answers

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Ali Qureshi, Real Estate Pro in Dublin, CA
Ali Qureshi answered:
how long is it taking to obtain a mortgage after a short sale?
There are programs out there that can lend on the following day after the short sale. No traditional waiting is required. Check with a lender
0 votes Share Flag Mon Feb 24, 2014 Financing in 94588
Ali Qureshi, Real Estate Pro in Dublin, CA
Ali Qureshi answered:
Is there a loan that would give a small mortg. with about 80% down though I hadnt made mort. paymt. in 2 yrs while stuck in the Mod process
It will be very difficult to qualify for conventional financing. FHA has easier guidelines and you maybe able to qualify on an exception basis, though very unlikely.
0 votes Share Flag Mon Jan 27, 2014 Financing in 94588
Randy Roberts, Real Estate Pro in Beverly Hills, CA
Randy Roberts answered:
what is wait time for refi after a shortsale?
Yes you do qualify now for a new program for FHA by HUD for people in your shoes you just need 12 months from the date of the Bankruptcy, short sale or foreclosure.

The U.S. Departme ... more
0 votes Share Flag Sun Sep 1, 2013 Financing in 94588
Randy Roberts, Real Estate Pro in Beverly Hills, CA
Randy Roberts answered:
How long do you have to wait to get an FHA mortgage?
Yes you do qualify now for a new program for FHA by HUD for people with a BK you just need 12 months from the date of the Bankruptcy, short sale or foreclosure.

The U.S. Department o ... more
0 votes Share Flag Sun Sep 1, 2013 Financing in 94588
Randy Roberts, Real Estate Pro in Beverly Hills, CA
Randy Roberts answered:
need help to buy a with 620 credit score after 18 months of short sale e mail me akqwana@aol.com
Yes you do qualify now for a new program for FHA by HUD for people with a short sale you just need 12 months from the date of the short sale or foreclosure.

The U.S. Department of Ho ... more
0 votes Share Flag Sun Sep 1, 2013 Financing in 94588
Grace Tam, Real Estate Pro in Dublin, CA
Grace Tam answered:
I refinanced my home to pay interest only for 10 years. I took no money out. I am now looking to short sale my home. Is it non-recourse.?
non-recourse debt is typically limited to 50% or 60% loan-to-value ratios.
call me if you have more questions.

Grace Tam
Loan Officer
925-718-3000
www.graceloan.com
0 votes Share Flag Wed Jul 10, 2013 Financing in Pleasanton
Jeff Marr, Real Estate Pro in Folsom, CA
Jeff Marr answered:
Would lending rates change because one changes jobs when taking a new mortgage loan?
Ashok - the main question is whether you can approved without having rec'd a paycheck, and as Darren pointed out below, is there continuity of employment with your job change?

What I ... more
0 votes Share Flag Mon May 27, 2013 Financing in Pleasanton
Grace Tam, Real Estate Pro in Dublin, CA
Grace Tam answered:
how long before i can refinance a non-owner property after a short sale 3 years 6 months ago? i am being told 7 yrs for freddie and fannie?
foreclosure is 7 yrs and short sale is 2 yrs. If you want to find out more about this you can call me. I do need to know more about your loan scenario.
0 votes Share Flag Tue May 7, 2013 Financing in 94588
John Juarez, Real Estate Pro in Fremont, CA
John Juarez answered:
Can I get more than one home loan to buy a house? Like if I get approved for 100,000 but want a house that is 160,000. Could I get another loan?
If you go to three different lenders and each approves you for a $100,000 purchase, could you add them together and buy a $300,000 house? NO!

You cannot buy a $160,000 if you cannot ... more
0 votes Share Flag Sat Mar 16, 2013 Financing in Pleasanton
Tim Good, Real Estate Pro in Skagit County, WA
Tim Good answered:
Aimloan.com seems to have one of the lower mortgage rates. Does anyone have any experience (good or bad) with them?
Stay Away from Aimloans.com. They may promise lower rates, but if they are so willing to give away their money think about what they will do with your money. Did a very poor job and a ... more
0 votes Share Flag Tue Jan 22, 2013 Financing in Pleasanton
M. Gujral, Real Estate Pro in 94403
M. Gujral answered:
How willing will the bank do loan remodification ?
Really long time and its not always worth it. Banks like Wells often just bundle everything into a new loan including back payments and late fees. I would say to go for a short sale.
0 votes Share Flag Sat Sep 29, 2012 Financing in 94566
George Raymo…, Real Estate Pro in Chino Hills, CA
George Raymondo answered:
Can Owner carries owner finance to sell his/her property, even though owner still has an existing loan not paid off?
Hello Jack,

During any housing market volatility, that can be caused by one of several reasons such high rates, declining values, tightening lending guidelines, people will always f ... more
0 votes Share Flag Wed Nov 16, 2011 Financing in 94566
Marylou Edwa…, Real Estate Pro in Tracy, CA
Marylou Edwards answered:
I am a Singapore citizen n going to relocate to USA. I am interested to buy a house in Pleasanton . How much downpayment is needed?
We have programs for foreign nationals like you. You don't need to hae any US credit either although having some would be very beneficial. Interest rates are not going to be the ... more
0 votes Share Flag Mon Nov 14, 2011 Financing in Pleasanton
Gilbert Rich…, Real Estate Pro in Santa Clara County, CA
Gilbert Richards answered:
cash-out the 5th rental property
California lending policies are from different than those in Texas. So yes I can comment on the possibility of financing, As far as closing the deal is contingent to the quality of the ... more
0 votes Share Flag Wed Feb 23, 2011 Financing in Pleasanton
LUXURY HOME…, Real Estate Pro in El Segundo, CA
LUXURY HOME LOANS CA answered:
Loan for the 5th house
If you haven't found anyone I can help you with unlimited amount of properties as long as the loan is over $300k at 60 to 70 percent of value. This is not hard money. Rates in the ... more
0 votes Share Flag Wed Aug 11, 2010 Financing in Pleasanton
Jane Grant, Real Estate Pro in Temecula, CA
Jane Grant answered:
NEGATIVE CLOSING COSTS??? I am planning to refinance and found that AMERISAVE offers loans with negative closing costs, in exchange for higher
Rebates benefit the lender as well. They do give some of it back to you but they do actually make money of of the higher rate themselves. Ask yourself if it is worth it to you to ge ... more
0 votes Share Flag Thu Mar 11, 2010 Financing in Pleasanton
Erica Jones…, Real Estate Pro in Contra Costa County,...
Erica Jones Starkey answered:
Are all first mortgages in California nonrecourse loans?
JI,
Generally non recourse loans are only those that are purchase money loans and for homes that are owner occupied. I would consult an experienced agent or lawyer if you are in a shor ... more
0 votes Share Flag Mon Feb 22, 2010 Financing in Pleasanton
Brian LeBars, Real Estate Pro in Pleasanton, CA
Brian LeBars answered:
How do I check to see if my loan has been transferred to a different lender?
Avoid any scams and contact your lender directly. If it was transferring they will have the information for you. Most likely its just a transfer of servicing and either Fannie Mae or Fr ... more
0 votes Share Flag Sun Jan 24, 2010 Financing in Pleasanton
John Juarez, Real Estate Pro in Fremont, CA
John Juarez answered:
Can final loan docs expire after being signed?
Excellent answers from industry pros John Dutra and John Shellington
0 votes Share Flag Thu Dec 3, 2009 Financing in Pleasanton
Ms. K, Home Buyer in Castro Valley, CA
Ms. K answered:
Can a mortgage pre-approval hurt one's credit score?
Steve from Fremont gets kudos for actually listening to the PRIMARY question that Raj asked. You'll see Steve's answer near the BOTTOM of these string of posts regarding FI ... more
0 votes Share Flag Tue Sep 22, 2009 Financing in Pleasanton
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