Home Buying in Berwyn : Questions & Answers

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Jimzwerman, Home Buyer in Berwyn, IL
Jimzwerman answered:
closeing costs and cash to close are two separate things?
How can ,you a void , closing cost ?
0 votes Share Flag Wed Dec 9, 2015 Home Buying in 60402
Ben Rivera, Real Estate Pro in Naperville, IL
Ben Rivera answered:
i have been charged 3hundred dollasmarketing fees to close on house what are eting fees
Was this a closing by Hubzu? Some companies charge fees like this. Similar to when agents subtract a portion of their commission. You can counter offer the fee or contract the client to ... more
0 votes Share Flag Mon Feb 23, 2015 Home Buying in 60402
Annette  Law…, Real Estate Pro in Palm Harbor, FL
Annette Lawrence answered:
How can you find out if your getting scanned?
You are at the airport, barefoot, pockets turn out, hands above head, looking guilty as TSA swabs, probes and SCANS...you definitely know when it happens.

You are being SCAMMED when ... more
0 votes Share Flag Mon Oct 27, 2014 Home Buying in Berwyn
Don Tepper, Real Estate Pro in Burke, VA
Don Tepper answered:
what does it mean deposit is $250 .the deposit will be used towards the accommodation fee?
Note to others: Apparently an "accommodaton fee" is a legitimate fee sometimes charged (or described that way) in British universities. See http://www2.le.ac.uk/offices/accommodation/fe ... more
0 votes Share Flag Mon Oct 27, 2014 Home Buying in Berwyn
Hilda Rosas, Real Estate Pro in Chicago, IL
Hilda Rosas answered:
Are there any lenders in the Chicagoland area that are able to do financing on a 2unit Owner occupied with 5 to 10% down? Score is 760
Hilda Rosas/Real Estate Managing Broker

Want to buy a property now? you can take advantage of the Welcome Home Illinois program, and receive up to $7,500 for down payment and closing ... more
0 votes Share Flag Sat Jul 19, 2014 Home Buying in 60402
Hilda Rosas, Real Estate Pro in Chicago, IL
Hilda Rosas answered:
We would like to buy a house I have ssn but I'm not currently working, my husband is, but he only has ITIN number, is possible with ITIN??
Hilda Rosas/Real Estate Managing Broker

yes, it is possible to buy a house with an ITIN number in Illinois. There is an excellent conventional loan for ITIN numbers. Call me for more ... more
0 votes Share Flag Sat Jul 19, 2014 Home Buying in 60402
Ben Rivera, Real Estate Pro in Naperville, IL
Ben Rivera answered:
Would like to purchase a condo in future, renting in berwyn now. Can someone assist?
Hi Wanda, are you renting in Berwyn, what's the area you'd like to move to? I have an app that you can use to assist you in your home search. My email is ben@bennyrivera.com. Thanks
0 votes Share Flag Tue Dec 31, 2013 Home Buying in Berwyn
Alexander Ro…, Real Estate Pro in Chicago, IL
Alexander Romo answered:
with more peolpe singning the mortgage will this lower the down payment
Absolutely not. This has nothing to do with it. The type of programs you're being qualified for does.
FHA requires 3.5% down and can be gifted from family.
There are others that req ... more
0 votes Share Flag Fri Sep 20, 2013 Home Buying in 60402
Alexander Ro…, Real Estate Pro in Chicago, IL
Alexander Romo answered:
My agent negoiated a sale that fell through. She did not collect earnest money and the buyer broke contract.
A contract is executed when earnest money is collected.

For any financing questions, feel free to contact me.

Alexander Romo
Senior Vice President Mortgage Lending
The Feder ... more
1 vote Share Flag Fri Sep 20, 2013 Home Buying in 60402
Alexander Ro…, Real Estate Pro in Chicago, IL
Alexander Romo answered:
Is military disability pay eligible as a primary source of income?
You can use it. There are minimum credit requirements with VA loans.
Feel free to contact me with any financing questions.

Alexander Romo
Senior Vice President Mortgage Lending ... more
0 votes Share Flag Fri Sep 20, 2013 Home Buying in Berwyn
Alexander Ro…, Real Estate Pro in Chicago, IL
Alexander Romo answered:
If I have down payment assistance, would that money go towards the earnest money or will be additional money I have to come up with?
Great question. Depends on the type of assistance. Some programs require you to put 1,000 out of your pocket. If you have any financing questions, feel free to contact me.

Alexander ... more
0 votes Share Flag Fri Sep 20, 2013 Home Buying in Berwyn
Eduardo Garc…, Real Estate Pro in Bewryn, IL
Eduardo Garcia answered:
should I bid over the asking price in Berwyn.?
Hello Manpreet,

I'ts no longer a buyers market in Berwyn, if you really like the home consult with your Realtor and have him provide you with a buyers CMA. Most of the properties i' ... more
0 votes Share Flag Wed Apr 24, 2013 Home Buying in Berwyn
Linda Grey, Real Estate Pro in Port Orange, FL
Linda Grey answered:
for a $32.800 house what would be the minumum down payment and closeing costs?
These are questions you needto ask your lender and Realtor, since they are there and working with you and if you do not have a Realtor please get one to represent you.
0 votes Share Flag Tue Oct 2, 2012 Home Buying in Berwyn
Randy Schule…, Real Estate Pro in Saint Charles, IL
Randy Schulenburg answered:
Hi, i was wondering if I can use my good faith money to go towards my down payment?? Or does that money have to go towards the principle of the loan?
Jess,

By 'good faith' money you're most likely referring to 'earnest money'. The earnest or good faith money is applied towards your down payment on a home you purchase. If, for ex ... more
0 votes Share Flag Mon Aug 6, 2012 Home Buying in Berwyn
Cecelia Marl…, Real Estate Pro in Chicago, IL
Cecelia Marlow answered:
I have a credit score of 632, with a closed bankruptcy, can I get a FHA loan?
With a Chapter 7, FHA requires 2 years from the discharge date before you can apply for a mortgage. With a Chapter 13, you only need 12 months of solid payment history, permission from ... more
1 vote Share Flag Wed May 2, 2012 Home Buying in Berwyn
Weichert Rea…, Real Estate Pro in Watchung, NJ
Weichert Realtors answered:
I want to buy A home In 'Berwyn IL, and I'm gonna a first time buyer. what are some general guidelines I would need to know before moving?
Find a Realtor that you can work with. Regards,
0 votes Share Flag Tue Mar 27, 2012 Home Buying in Berwyn
Peter Kedzior, Real Estate Pro in Elk Grove Village, IL
Peter Kedzior answered:
why am i out searching for a foreclosure to buy? why isn't the realtor sending me leads? in these times i would think agent would want the
The REO market (bank-owned homes) requires a whole different set of skills from a real estate agent. Patience and perseverance are probably on the top of the list. Also, willingness to ... more
0 votes Share Flag Thu Mar 1, 2012 Home Buying in Berwyn
Dino, Home Buyer in Berwyn, IL
Dino answered:
I have responded to many of the realtors asking to be contacted about homes I've seen on Trulia, not once has anyone contacted me. Why is this?
hey rocky, i have had the same issues with realtors. everyone says it is a tough economy yet the reattors seem to have given up. i have had numerous emails with realtors about buying pr ... more
0 votes Share Flag Sun Feb 12, 2012 Home Buying in 60402
Dan Tabit, Real Estate Pro in Issaquah, WA
Dan Tabit answered:
with more peolpe singning the mortgage will this lower the down payment
Exitos,
No, lenders want the buyers to have some "skin in the game." There are some 0 down loans, VA & USDA but they have limitations and qualifications which may or ma ... more
0 votes Share Flag Thu Dec 1, 2011 Home Buying in Berwyn
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