Financing in Torrance : Questions & Answers

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Dorene Slavi…, Real Estate Pro in Culver City, CA
Dorene Slavitz answered:
House prices in my are
The best way to get timely and accurate information on this is to call one of the Realtors from Trulia that works in your neighborhood.
0 votes Share Flag Sat Jan 3, 2015 Financing in Torrance
Paul Watkins, Real Estate Pro in Walnut Creek, CA
Paul Watkins answered:
are there any lenders who will make a loan to someone buying a home in California that had a foreclosure or short sale in the last year or so?
Hello Kennedy,

We have a bank backed program with reasonable rates that will allow for a short-sale, foreclosure or deed in lieu with no seasoning involved. This is not the FHA "Bac ... more
0 votes Share Flag Tue Oct 1, 2013 Financing in 90505
C. Lee Miller…, Real Estate Pro in Rancho Palos Verdes,...
C. Lee Miller ( 877 ) 645-4110 answered:
we are on ssi can we buy a cheap mobile home with low monthly payment?
Good morning Isabel,

As Sheryl has stated, you might be able to qualify for a mortgage, but the absolute fact is you need to discuss your situation specifics with a qualified loan ... more
0 votes Share Flag Wed Feb 13, 2013 Financing in Torrance
Grzegorz Uch…, Real Estate Pro in Los Angeles, CA
Grzegorz Uchymiak answered:
how do I find a lender who does mortgages for co-operative housing in Los Angeles?
I would like to buy a coop in Long Beach as my primary residence.
Please call me to talk about details.
310 721 0979
Greg
0 votes Share Flag Tue May 22, 2012 Financing in Torrance
Ivan Diaz, Real Estate Pro in Austin, TX
Ivan Diaz answered:
I am applying for a home equity loan. The bank wants to appraisal my home. My concern is that I added a toilet without permit. Is it a problem?
Depends on the type of appraisal....I agree that worst case, appraiser won't add value to the improvement. My previous employer, US Bank, has great HELOC's up to 85% in CA thr ... more
0 votes Share Flag Tue Nov 22, 2011 Financing in 90503
Shane Milne, Real Estate Pro in Laguna Niguel, CA
Shane Milne answered:
What a good rate for on cash out refinance loan?
The rate for a cash out FHA refinance should be the same as a FHA purchase or just a regular refinance, as there is no adjustment to the rate for "cash out" on FHA transaction ... more
0 votes Share Flag Sun May 29, 2011 Financing in Torrance
Anna Maria K…, Real Estate Pro in Las Vegas, NV
Anna Maria Kitras answered:
How do you calculate discount point?
Cloud, your fee definitely should've gone down becuase your loan amount went down. You are correct.
0 votes Share Flag Thu May 26, 2011 Financing in Torrance
Rob Spinosa, Real Estate Pro in Mill Valley, CA
Rob Spinosa answered:
Can someone explain to me the difference between the rate and apr?
Bart,

Simply put, APR is the "price per pound" of the money. When you go into a grocery store and you see the 32oz. box at one price, and the 24oz. box at another, you hav ... more
0 votes Share Flag Thu May 26, 2011 Financing in 90501
Robert Lee, Real Estate Pro in Libertyville, IL
Robert Lee answered:
When should I wire the money to escrow?
Congrats on your new house! I agree with Adrian Wire your money now. No harm done.
0 votes Share Flag Thu Feb 24, 2011 Financing in Torrance
Bart, Home Buyer in 94538
Bart answered:
Closing cost and Lender fees?
My question is for information purposes. I have never purchased a property using a conventional loan. Conventional loans seem to be cheaper than FHA loans, because of the upfront mortga ... more
0 votes Share Flag Sat Dec 11, 2010 Financing in 90501
Christy Schw…, Real Estate Pro in Sarasota, FL
Christy Schwartz answered:
Can I refinance now even thou I’m will be late this month’s also?
Please give me a call!! We will be able to get you done in 3-4 weeks. If you have paid the mortgage on the 30th day for the last 2 months you will be fine because it is considered what ... more
0 votes Share Flag Wed Oct 13, 2010 Financing in 90501
Shel-lee Dav…, Real Estate Pro in 90274
Shel-lee Davis - BRE #01817412 answered:
FHA Cash out Refinance loan; can someone tell me what are the fees I would have to pay and about how much(Ballpark)?
Bart:

There are many direct lenders doing these loans at par (i.e. no points). You will have to pay for the appraisal, lender's title insurance, escrow, and some lender fees. ... more
0 votes Share Flag Mon Aug 30, 2010 Financing in 90501
Voices Member,  in
Voices Member answered:
how to qualify for a loan if you have bad credit or very low fico score, but have down payment, good work?
Stephanie, You might want to check out the FHA site it's full of information.....http://portal.hud.gov/portal/page?_pageid=73,1&_dad=portal&_schema=PORTAL

The Gov. also has free coun ... more
1 vote Share Flag Mon Feb 16, 2009 Financing in 90503
Michael Magaw, Real Estate Pro in 90505
Michael Magaw answered:
Question on how lenders determine who's eligible and who is not for a modified loan.
Your eligibility is a good question. You may need to call several time and ask several different people, until you get the right one that is willing and able to help you. First determ ... more
0 votes Share Flag Sun Nov 2, 2008 Financing in Torrance
Keith Sorem, Real Estate Pro in Glendale, CA
Keith Sorem answered:
We bought our home for 575K -market value now 500K.
Art
There are a couple of key issues of which you should be aware.

The one thing going in your favor is that the lenders are more inclined to work with you because of financial clim ... more
0 votes Share Flag Sun Nov 2, 2008 Financing in Torrance
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
I'm trying to determine if it's better to get funding for a mortage from a bank or a mortgage broker.
A mortgage broker will always have more options than a bank/direct lender. With a bank they have say loans a,b,c,d,e you qualify for them or you dont, the points are set, the rates are ... more
0 votes Share Flag Sun Nov 2, 2008 Financing in Torrance
Chandra, Other/Just Looking in Whittier, CA
Chandra asked:
Who can I contact at hte HOA association for a Harbor Ridge condo other that Debbier porter for CC&R's.? --
This question is about this property: http://www.trulia.com/property/36222593-22336-Harbor-Ridge-Ln-Torrance-CA-90502
0 votes Share Flag Thu Oct 2, 2008 Financing in 90502
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