Financing in Albany County : Questions & Answers

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Dan Tabit, Real Estate Pro in 98074
Dan Tabit answered:
Withdrawal from 401k or USDA?
Lisolette,
In most cases to take out $10,000 will cost you $12,000 or more with penalties and a lot more when you factor in what that money will mean to you when you retire.
Home o ... more
0 votes Share Flag Tue Aug 26, 2014 Financing in Albany
Melanie Dume…, Home Buyer in 12143
Melanie Dumers answered:
Trying to get a mortgage with a 626 credit score.
Get capital one secured credit card with as little as $200 deposit. My credit went from 540 to 636 in just 5 months time.

I'm in a similar situation credit wise..I am the better of ... more
0 votes Share Flag Tue Nov 12, 2013 Financing in Albany
Caroltrulia, Renter in United Neighbors Tog...
Caroltrulia answered:
Looking for a Good Mortgage Broker in Albany, NY area
Hi Matt

Its an important think .You need a reliable reverse mortgage company. I have a reverse mortgage which name is reverse mortgage lenders direct. They are very helpful. You can ... more
0 votes Share Flag Sat Sep 21, 2013 Financing in Albany County
barbara_shaf…, Both Buyer and Seller in New York, NY
barbara_shafii answered:
How can you reduce your mortgage payment when in a reverse mortgage?
Reverse mortgages allow senior homeowners to borrow money by using their primary residence as collateral without having to sell their home. Unlike a regular mortgage, reverse mortgages ... more
0 votes Share Flag Wed Sep 18, 2013 Financing in Albany
Chuck Dworkin, Other/Just Looking in Albany County, NY
Chuck Dworkin answered:
I do not have 20percent for the down pAyment can my housing loan covers thesaid percent
There is no single down payment percentage for all mortgages. Rather, there are numerous programs. It is worth shopping all local lenders to find the program that works best for you.
0 votes Share Flag Mon Jul 15, 2013 Financing in Albany
Terry Farnsw…, Real Estate Pro in Crystal Lake, IL
Terry Farnsworth answered:
I am looking for an investment property renovation loan. Is the Fannie Mae homestyle renovation loan for investment properties still available?
Hi Eve,

If you are specifically looking for the HomePath renovation financing option - you can search all eligible homes here: http://www.homepath.com/

You can also sign up for e ... more
0 votes Share Flag Sat Dec 29, 2012 Financing in Albany
Archie Maker, Real Estate Pro in Albany, NY
Archie Maker answered:
i need financing, (40-100,000). i have poor credit (mid to low 500's) with no current bills. please contact me asap with any options.
I would suggest contacting a mortgage broker who can compare various products for you. He or she will be familiar with the types of loans you may qualify for. Please call or e-mail and ... more
0 votes Share Flag Wed May 25, 2011 Financing in Albany
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
We have owned our home for 30 years. Both on the mortgage. My husband recently applied for refinance. I cannot. bad credit. We are in upstate NY.
The lender is probably just making sure that they will be paid on the debt--if you need additional answers/information as it relates to your specific situation, consult with your attorn ... more
0 votes Share Flag Sat Sep 4, 2010 Financing in Albany
Janet M. Nat…, Real Estate Pro in Baldwin, NY
Janet M. Nation answered:
if the house cost 199,000 and 7,500 sellers concession.how much i'm asking the bank for?
Carl, yes you can. The sellers concession is added to the purchase price. The house has to appraise with the concession included. The buyer is from Albany NY, I'm from Long Island ... more
0 votes Share Flag Wed Aug 11, 2010 Financing in Albany County
Matt Taylor, Real Estate Pro in North Carolina
Matt Taylor answered:
who will give me a mortgage with not great credit?
My company offers financing with some of the lowest credit scores available.

Feel free to call or email.
0 votes Share Flag Thu Apr 15, 2010 Financing in Albany County
Jason Bustel…, Real Estate Pro in New York
Jason Bustelos answered:
Is it possible to get a mortgage with some underemployment in the past two years?
Matt...
I agree with everything that has been said already. It may be best to get in touch with a mortgage broker that may have many options available for buyers with differing credit ... more
0 votes Share Flag Wed Mar 24, 2010 Financing in Albany County
Robert Chome…, Real Estate Pro in San Diego, CA
Robert Chomentowski answered:
Is there a way to pay only 3% to 5% down payment and mortgage the rest for a 2nd home purchase? We live primarily in NY for now and want to buy in FL.
I would agree with Carl, 20% down for a 2nd home in Florida.

Maybe you could search for seller financing? Many times older sellers who own a house free & clear would rather ca ... more
0 votes Share Flag Wed Dec 30, 2009 Financing in Albany County
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
My in laws are on the mortgage with me because my husband has bad credit. His income pays most of the mortgage payment. I have heard there was
Definately check with any qualified loan officer and an attorney specializing in Real Estate will be helful as well.

Anna
0 votes Share Flag Tue Nov 3, 2009 Financing in Albany County
Kevin Clancy…, Real Estate Pro in 12203
Kevin Clancy #1 Voted Realtor answered:
any comments on wholesale loans at hsbc?
I had a couple buyers going through HSBC on the wholesale side when the announcement came through. Not really a big deal, you can still go to HSBC directly or choose from a variety of o ... more
0 votes Share Flag Sun Nov 30, 2008 Financing in 12201
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