Financing in Boston : Questions & Answers

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Scott Murphy, Real Estate Pro in 01876
Scott Murphy answered:
What type of employment history is needed for a VA loan?
Hi there.

The veteran needs to be on the loan application as the primary applicant, but he/she needn't be employed or the primary earner so long as the obligations in the application ... more
0 votes Share Flag Sat Apr 19, 2014 Financing in 02130
sobersurroun…, Real Estate Pro in Boston, MA
sobersurroundings asked:
Hard Money Lenders Dream.. Where can I go to get a, 8-10 interest rate? I am putting up 200k looking for 125k property is worth aprox 500k.. I feel this is a very easy deal so I've turned down the traditional 12% plus 2 points... where can I go to get someone who can see there is no risk here at all and will be willing to give…
0 votes Share Flag Mon Mar 17, 2014 Financing in Boston
TERRY MCCARL…, Real Estate Pro in Cape Coral, FL
TERRY MCCARLEY, CDPE, SRES answered:
Can a property be refinanced in the USA if living long term overseas?
Yes you can. Check with a lender to see what you will qualify for.
0 votes Share Flag Sun Mar 9, 2014 Financing in 02127
Susan Doig, Real Estate Pro in Boston, MA
Susan Doig answered:
what is the standard rate for a 203k mortgage loan?
Stephanie,

Not every mortgage lender can handle a 203K loan. I can put you in touch with a 203K specialist to answer all your questions.

Thank you,

Susan Doig
Charlesgate Real ... more
0 votes Share Flag Sun Feb 16, 2014 Financing in Boston
Moy Lopez, Real Estate Pro in Norwell, MA
Moy Lopez answered:
FHA or conventional loan?
Once you have selected a condo, check to see if the condominium is already FHA approved or if it meets the FHA guideline in order for you to get a FHA insured loan. You may not have a c ... more
0 votes Share Flag Wed Jan 1, 2014 Financing in Boston
Brian Cavana…, Real Estate Pro in Boston, MA
Brian Cavanaugh answered:
What are the terms & conditions for buying a property (a condo) in regards to financing/mortgage in Boston from out of state?
Hi, you are asking some great questions here. My suggestion is we set up a time to speak. Please reach out to me at 617-771-5021 or brian.cavanaugh@rmsmortgage.com.

I look forward ... more
0 votes Share Flag Mon Dec 16, 2013 Financing in Boston
Brian Cavana…, Real Estate Pro in Boston, MA
Brian Cavanaugh answered:
Low Downpayment programs for investment properties
Hi Adler, good question. However this questions is simple... no. Banks are looking for a minimal of a 20% down payment. Please let me know if you would like to speak. 617-771-5021/b ... more
0 votes Share Flag Tue Dec 3, 2013 Financing in 02121
Brian Cavana…, Real Estate Pro in Boston, MA
Brian Cavanaugh answered:
Looking to refinance an investment property
Louise, please reach out to me anytime at 617-771-5021/brian.cavanaugh@rmsmortgage.com. I will be happy to walk you through all of the options. I look forward to hearign from you. Wa ... more
0 votes Share Flag Tue Dec 3, 2013 Financing in Boston
Brian Cavana…, Real Estate Pro in Boston, MA
Brian Cavanaugh answered:
Looking for options to refinance.
Jason, please reach out to me at 857-453-5908. Thank you . -bc
0 votes Share Flag Sat Nov 23, 2013 Financing in Boston
Anthony Piem…, Real Estate Pro in West Roxbury, Boston,...
Anthony Piemonte answered:
Does anyone have a list of 203k lenders in the Boston area?
I have a couple of lenders that can help you with the 203k, If you would like more information contact me!
0 votes Share Flag Thu Oct 17, 2013 Financing in Boston
Randy Roberts, Real Estate Pro in Beverly Hills, CA
Randy Roberts answered:
Jumbo loan without 20% down. Is it possible in today's market?
In my experience I have had clients get a jumbo loan with as little as 5-10% and a score in the mid to upper 600s. If you would like a referral I would love to get you to a lender I wor ... more
1 vote Share Flag Sun Sep 1, 2013 Financing in Boston
Territory.com, Real Estate Pro in Massachusetts
Territory.com answered:
Does any Massachusetts Mortgage Company Refinance Mortgages for a Condo Unit that has up to 25% commercial space in that condo building?
Try TD Bank and First Republic. Another option is to go local (i.e brookline savings, etc). Look for portfolio lenders.

Good luck!
0 votes Share Flag Wed Jul 17, 2013 Financing in 02125
Laurence, Real Estate Pro in 02446
Laurence answered:
Is there a hard money lender to loan money to purchase a primary single family residence in Mass?
Most hard money lenders will NOT lend on a primary residence. MA hard Money is a good hard money company in Massachusetts though.
MAhardmoney.com
loans@mahardmoney.com
0 votes Share Flag Wed Jul 3, 2013 Financing in Boston
Heath Coker, Real Estate Pro in Falmouth, MA
Heath Coker answered:
Any lenders that can do a 85% CLTV on a Primary residence Refinance in Boston for a Fixed 30 years? Loan balance = 1.3m. Town assessment = 1.57m.
I would contact a local lending professional to help with this answer.
There is not enough detail in your question.

I know this guy can be helpful: rtranchell@totalmortgage.com
Bo ... more
0 votes Share Flag Sat Jun 8, 2013 Financing in 02124
Heath Coker, Real Estate Pro in Falmouth, MA
Heath Coker answered:
I've been offered a 30k note. Owner has placed house on the market to pay off the note & mortgage. Is this a bad or good deal?
Not enough information.
The questions below are a partial start.
Also, who wrote the note?
If it isn't a standard form, has a lawyer looked at it?
If you're not in first place in th ... more
0 votes Share Flag Fri May 24, 2013 Financing in Boston
Heath Coker, Real Estate Pro in Falmouth, MA
Heath Coker answered:
H1B expires shortly. I-797 awaited. Can I get a mortgage?
Sounds like Jim Driscoll below has some current info.
I would contact a local lending professional to help with this answer.

I know this guy can be helpful: rtranchell@totalmortgage ... more
0 votes Share Flag Fri May 24, 2013 Financing in 02118
Shaban Shako…, Real Estate Pro in San Francisco, CA
Shaban Shakoori, Broker/Lawyer answered:
What documentation does one need to provide in order to get their loan?
I would add that rental income can be used to help qualify for a loan. Leases would be helpful in proving this as well as a track record of rental deposits. If you have a complicated ... more
0 votes Share Flag Thu May 16, 2013 Financing in West End
Sharon Norman, Real Estate Pro in Hingham, MA
Sharon Norman answered:
How much of a difference does a large down payment make?
We are seeing multiple offers in the metro Boston area. In these situations, a down payment of at least 20% is needed to win the bidding war.
0 votes Share Flag Tue Apr 30, 2013 Financing in West End
Heath Coker, Real Estate Pro in Falmouth, MA
Heath Coker answered:
Hartland Vermont Estate. 80% complete, ran out of money. LandVest says it's worth 1.5M when finished. I need 300k to completely finish it.
Hi Daniel.

Ask for the supporting data from LV.
I would contact a local real estate professional to help with this answer and to save time and money.
(I'm on the Cape, but I can ... more
0 votes Share Flag Mon Apr 22, 2013 Financing in Boston
Michael Suff…, Real Estate Pro in Boston, MA
Michael Suffoletto answered:
What is the best way to refinance if you have been through a short sale in the last two years?
I assume if you went through a short sale you are refinancing a different property or purchasing new, correct? If so, a conventional loan will allow financing if you are 2 years from t ... more
0 votes Share Flag Sat Mar 23, 2013 Financing in Boston
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