Good credit is subjective. A good credit score is typically in the 700's. The credit scoring sometimes can be unfair. I have come across people that pay their bills on time but because they may be overextended on a credit card their scores are less than desirable.... more
For purchase we have a program for score as low as 500 but most often it's not the low score that denies you the loan, it's the reason why your score is low plays critical part in getting approved. If it's due to Short sale, foreclosure, bankruptcy etc. proper seasoning is required. Otherwise, we can easily get you qualified.... more
How low is your credit score? I have a conventional loan with a 620 fico score and can go as low as 640 on FHA.
First Capital Mortgage
Direct: (310) 434-1718
Sounds like you may have a situation where you can ask for seller financing to purchase your home. Ask about that option with the owner and have a real estate attorney draft up the contract for you, if that works for both sides.... more
First try to counter-offer. If that doesn't work, accept it. Keep foreclosure off your credit and re-negotiate it later.
We are a professional short sale service and would be happy to explain the process to you. Please call us directly to discuss your specific situation. Our services are FREE to homeowners. We look forward to hearing from you.
Eli Givoni, Director
Short Sale Department, LLC
Serving all 50 states... more
First, talk to a laon broker about your current buying power.
Second, find a realtor in your new area to locate your ideal new home.
Third, call me, I can help you short sale your current home in Ukiah.
I have designations as GRI, CDPE, CIAS, and HAFA certified.
My office is in Santa Rosa, I live in Ukiah.... more
see a BK atty; they can talk your primary into giving you some relief believe me; especially in California. this is absolutely despicable in this time. You do not have to file bk but they can help you
please consider what I am telling you... more
If you are paying cash I think it would be a great investment. It will give you a much better return than any investment account will pay out. Many people subsidize their social security, pension, etc. with rental income. A loan would work if you could get a 15-yr and pay it off prior to retirement. The goal would be to have no mortgage payments by the time you retire.... more
Medical Marijuana. Yes, definitely a question we are asked with frequency in Mendocino County. I understand this question was posted over a year ago, but I think there are others out there who would like a general answer. Basically, although the county and state allow medical marijuana growing and usage with many conditions, it is still a Federal crime-- please remember that.
With that said, my suggestion would be to look for a geographic location with enough land and room between neighbors-- or, if growing indoors, a building or room suitable for that use and with a filtration system to not become a nuisance to the neighbors. Being friendly and considerate with those who live around you can go a long ways to a peaceful existence.
There are areas that are not friendly for growing Medical Marijuana, like in the Willits or Lakeport city limits. The Mendocino County Sheriff's Dept has a program you can register through, too. Always check the location and possible restrictions on the property you may want to purchase.
Also, when looking for ANY property. Ask about water. Does it have a well, district water, spring, etc? A low producing well is not always bad if it is consistent, even in drought years... a spring can be wonderful, but also can stop in the summer months. Years ago when the market was hot, many people forgot to ask important questions like these about the property.
Finally, ask yourself how you are doing to purchase the property? With a conventional loan, private money loan, seller carry-back, or a lease-option? The lease option has become a popular choice, but few know the risks to both buyer and seller. If you do not fully understand the details and risks of a lease option, then you may truly lose out on many thousands of dollars-- so check into that option carefully! With seller financing, the buyer can save because they are not spending money on lending fees-- but the terms including interest rate may not be good for the buyer, and there are also many details about seller financing that should be addressed... and if not, it can cause problems again for both buyer or seller down the road.
Basically, make sure everything is spelled out-- and never feel there is a silly question that you should not ask. There are no stupid questions! Well, almost never! But you get the idea :)... more
You may want to look in Livermore or Pleasanton areas. This would put you about in the middle between San Francisco and University of the Pacific which is in Stockton. If are really looking to be closer to San Francisco, you might want to look in San Bruno or Burlingame. I don't know how much the rents are there but a realtor in those areas could assist you in finding something. Try e-mailing an agent at a Coldwell Banker or REMax office., Good luck... more
Hi Felo, it's is $1.10 per thousand of the purchase price, or $0.55 per $500. There also may be a City transfer tax. You can look up the correct fee structure here: http://docs.Steven-Anthony.com/ClosingCostsGuide.pdf
Best, Steve... more
Any insurance firm that operates in the state that the home is in and provides home insurance should be able to help you (though you should get quotes from several companies since fees may very widely. I also suggest that you price the policies at least every few years since fees can change as well as how much insurance you need).
Where you live will not be a concern except when they figure the premiums for the policy.
Are you planning on renting the property during the six months that you are not going to be there?
The insurance company may charge more for the time that the property sits empty, since empty homes pose more of a risk.
Have a great day and congratulations on your home purchase!