Hi there-
I would recommend working with an agent: http://www.trulia.com/voices/directory/Chippenham_Forest-agent--86734
Hope this helps,
Ali, Community Manager
It's not FHA, it's Fannie and Freddie. It is a requirement of every bank and lender, don't switch now.
Ask the lender what can be done NOW? Call the IRS line and see how long? 800-829-1040. Be prepared for a long wait like the rest of the day. If you take them to an IRS office will they stamp them and will this be accepted by the lender. There are things that can be done to speed it up but the lender needs to see if they can make it happen. It's not easy but you are within your right to ask how they assist and speed it up. Just remember it's not easy as it sounds I know. Good luck and let us know how it turns out.
Thanks,
Brent Mendelson
Senior Loan Officer
1ST Mariner Mortgage
O-240-235-5314
C-301-412-0259
F-240-235-8236
Bmendelson@1stMarinerbank.com
Lending in all 50 states
nmls#111407... more
Restoration Capital (www.restorationcapital.com) has been serving the Northern Virginia area for many years. Just a couple articles on us:
CNN Money: http://money.cnn.com/2011/04/13/real_estate/vulture_investors_profits/index.htm
Washington Post: http://articles.washingtonpost.com/2012-10-14/business/35499585_1_short-sales-home-prices-houses
As one of the managers, I can tell you we personally speak to each customer to make sure you get a loan that fits your needs. No long waiting either, we can typically fund in 3-5 days and we take pride in the fact that
I hope we'll hear from you!
Justin K... more
1. Would most likely need to document your mortgage history with cancelled checks.
2. As an investment property you would most likely need 20% equity to accomplish the refinance. Though you would not need this much as a primary residence.
3. I can not currently check the Approval status of the project, though it will most likely need to already be approved, though some lenders may be able to offer a spot approval.
4. In regards to purchasing a new property, you most likely need to have 30% equity in your existing property unless you can qualify for the new payment on top of your existing payment. That is the equity is required if you need the rental income to make your debt ratios acceptable.
There may be some portfolio options depending on other factors which would not be subject to the same requirements that most lenders offer. Smaller banks can generally write loans that are outside of the box, though generally come at a higher cost.
Hope this Helps.
Bruce Qualters
Sentrix Financial Services
540-878-0026(cell)... more
I have 2 propertties that I may finance for you. One is in Area 42. The other is in Area 30 close to RIR. Both have been renovated. Call me ASAP.
Sam Perry, Realtor
804-288-2945
dsamperry@hotmail.com... more
Get in touch with your local Small Business Administration. They may be able to point you to a lender that offers SBA loans. You should be OK as long as you have some collateral, not necessarily cash, but something to back the loan. That could be in the form of an IRA, 401K, home equity. There are many creative says to find the collateral. SBA is your best source of information when purchasing a business.... more
Only one: the husband had co-signed a loan with this son to buy the son a car, so that weighed heavily on his financial ability and qualifying income to buy a house with his wife. Neither the son nor the father can afford to pay off the car loan.
So they'll have to wait until that loan is paid off.... more
In southern New Jersey, our Offer to Purchase typically accompanies a pre-qualification leter from a lender. If the offer is accepted, and an Agreement of Sale is signed, the Agreement states the terms of the loan, but not the specific lender. The buyer may use any lender they choose, and the Agreement will be contingent upon the buyer obtaining financing with terms as spelled out in the Agreement.
~Robert Greenblatt
Keller Williams, Cherry Hill NJ... more
You can do loan modification or short sale your home.
Banks these days will try to help you so you will not foreclose on your home.
Go to this link and maybe you can get help with your debt.... more
Is your job description the same or similar as the one you were in for 6 years? You may have to be on the job for 6 months before it can be counted. Have you thought about FHA? You would still have to pay mortgage insurance even with 20% down, however, it the loan amount does not go beyond FHA limits, that might be your best bet, unless of course you or your husband qualify for VA. Call Nannette Shor at Trustmor Mortgage. Here number is 262-7408 if you want to try another lender. You will need to speak with your agent because, changing the type of financing may mean that you have to change the terms of your contract.
Good luck. I hope that this helps.
Brenda Feria ABR, CREC-C, CSA, GRI, SRES
Owner/Broker
Park Place Properties, Inc.
5604 Grove Avenue
Richmond, VA 23226
804-285-2828 ext 3002
bferia@aol.com
www.parkplaceprop.com
hablo espanol... more