Financing in Long Beach : Questions & Answers

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Jeff Hensel, Real Estate Pro in San Diego, CA
Jeff Hensel answered:
Hi, Can anyone give advice on property investment in Long Beach,CA? I'm a foreign national, what requirements do I need to meet for a loan?
Banks are not going to like the fact you have no credit history at all. You might want to consider speaking to a few hard money lenders and see if any of their rates and terms will work ... more
0 votes Share Flag Thu Jun 25, 2015 Financing in Long Beach
Jeff Hensel, Real Estate Pro in San Diego, CA
Jeff Hensel answered:
I am looking for hard money loans for rehab/flips in Long Beach, Lakewood areas
If you are still looking for new additional sources of hard money, North Coast Financial funds hard money loans all over Southern California. http://www.northcoastfinancialinc.com

Ov ... more
1 vote Share Flag Fri May 8, 2015 Financing in Long Beach
Robert Finger, Real Estate Pro in Santa Ana, CA
Robert Finger answered:
664 credit score. Loans available
Hello
I see that you have received some great info from others regarding your question. Another thing is that if you hook up with a lender that is savvy in reviewing credit they may be ... more
0 votes Share Flag Mon Dec 30, 2013 Financing in Downtown Long Beach
Brian Nguyen, Real Estate Pro in Mission Viejo, CA
Brian Nguyen answered:
664 credit score. Loans available
Is this your median score? If so, your credit scores are still acceptable! The lowest credit scores lenders like myself are able to do, is a score of 580. So us lenders would be able to ... more
0 votes Share Flag Sat Nov 16, 2013 Financing in Downtown Long Beach
Mr Stated In…, Real Estate Pro in Los Angeles, CA
Mr Stated Income Loans answered:
My husband and I are looking for a trusted, helpful and dependable mortgage broker/lender in Long Beach, CA . Any suggestions?
If you are interested in buying owner occupied or for investment loan in California we offer loans banks do not have. We have a stated income verified asset " SIVA ' with a note rate of ... more
0 votes Share Flag Fri Oct 11, 2013 Financing in Long Beach
Robert Chome…, Real Estate Pro in San Diego, CA
Robert Chomentowski answered:
Are there any new trends in financing options for home buyers?
I would say a general trend is that underwriting is getting easier:

-1 year after short sale VA loans are available
-20% down no wait at all after short sale/BK/foreclosure loans up ... more
0 votes Share Flag Thu Oct 10, 2013 Financing in Long Beach
Robert Chome…, Real Estate Pro in San Diego, CA
Robert Chomentowski answered:
Can a veteran be approved for a VA loan with very poor credit?
You just need 2 years after the BK and it is possible with as low as a 500 score. But my first suggestion is to give a VA specialist a call and have them run though your credit with yo ... more
0 votes Share Flag Thu Oct 10, 2013 Financing in Long Beach
sidboyko, Home Buyer in Long Beach, CA
sidboyko answered:
What about those Zestimates?
Here on the East Coast, what Zestimate is doing is illegal>
Newport RI Broker
0 votes Share Flag Sun Jun 9, 2013 Financing in Long Beach
Jim Simms, Real Estate Pro in Louisville, KY
Jim Simms answered:
What does APR stand for?
America's Pet Registry

Jim Simms
NMLS # 6395
JSimms@cmcloans.com
Financing Kentucky One Home at a Time
0 votes Share Flag Mon May 20, 2013 Financing in Long Beach
Robert Finger, Real Estate Pro in Santa Ana, CA
Robert Finger answered:
Am I better off using a Direct Lender, Broker or Builders in house Lender if I'm in the market for a new home?
Things to consider are what route of financing conventional or fha. Amount of down payment that you can afford. Fha offers great rates and possibilities of lender credit to help towards ... more
0 votes Share Flag Thu May 16, 2013 Financing in Long Beach
Richard and…, Real Estate Pro in Hanford, CA
Richard and Fran Lee answered:
Is there a way for me to use my husband's income to help me qualify for a mortgage loan without using his credit?
Sorry, If your going to borrow their money, They have to know your credit history! Meet with a lender and see what you can do to improve your scores. GOOD LUCK
0 votes Share Flag Tue Aug 28, 2012 Financing in Long Beach
George Raymo…, Real Estate Pro in Chino Hills, CA
George Raymondo answered:
My Mother is going to co sign for me so I can get an FHA loan. I am buying in LA and my Mother lives in NYC.
This is actually quite common having a co-signer living outside the immediate area or even out of state. This can accomplished without any extra delays or problems. Your lender will sen ... more
0 votes Share Flag Fri Nov 18, 2011 Financing in 90808
Louri Groves…, Real Estate Pro in Huntington Beach, CA
Louri Groves (714) 767-8158 answered:
If I get multiple loan quotes will my credit score go down? Each time I request a quote is my credit report pulled?
Hi Mark,

Very smart to shop for financing and inquiring on strategies (broker vs. direct lender vs.builder's in house lender) at the start of your home search!

There are c ... more
0 votes Share Flag Thu Apr 7, 2011 Financing in Long Beach
Deon R. Will…, Real Estate Pro in Long Beach, CA
Deon R. Williams answered:
How do Realtors get leads from lenders?
I believe this answer can be surmized in one word: "reciprocity". Agents get referrals from lenders, by providing exactly that, referrals. I usually interview & invite len ... more
0 votes Share Flag Wed Aug 11, 2010 Financing in Long Beach
Shel-lee Dav…, Real Estate Pro in Palos Verdes Estates,...
Shel-lee Davis answered:
FHA Spot Approval How long does it take?
Anthony:

If you need speed, contact me. I have a lender who got one of my clients approved and ready to draw documents in 72 hours after working with another lender for over 20 days ... more
0 votes Share Flag Mon Aug 4, 2008 Financing in Long Beach
Charita King…,  in Downey, CA
Charita King - Short Sale Specialist answered:
I have a question about front and back end ratios in high cost markets.
Zg,
I have to see your credit report and your financial statements. Are you self-employed? Until we see that, there is no way we can tell if you qualify or not :)
Charita King
562-27 ... more
0 votes Share Flag Thu Jul 17, 2008 Financing in Long Beach
California M…, Real Estate Pro in 92075
California Mortgage Broker answered:
What can a direct lender do for a buyer in this market?
This is important. Direct lenders, with underwriting authority, can give instantaneous decisions about loan approvals. They have control over the loan docs to expedite matters.
2 votes Share Flag Mon May 14, 2007 Financing in Long Beach
Laurie Manny,  in Long Beach, CA
Laurie Manny answered:
Who are good lenders in this area?
I have used many lenders in the area. Since the sub -prime implosion I have found that many of them have become skittish and are not as secure in providing the loans and in their abili ... more
1 vote Share Flag Sat May 12, 2007 Financing in Long Beach
Laurie Manny,  in Long Beach, CA
Laurie Manny answered:
How do I find the best deal on a mortgage?
You begin by reading this four part series and educating yourself on how to shop for a loan. Brian Brady wrote this award winning series and exposed all of the secrets the loan industr ... more
1 vote Share Flag Mon Apr 23, 2007 Financing in Long Beach
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