Financing in 27605 : Questions & Answers

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Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
Why is there sometimes a penalty for paying off your mortgage early?
Several reasons.

First, there are a bunch of up-front costs to the lender that are spread out over what's expected to be the average length of the mortgage--somewhere between 5 and 7 ... more
0 votes Share Flag Tue Apr 9, 2013 Financing in Raleigh
Jean K. Will…, Real Estate Pro in Raleigh, NC
Jean K. Williams answered:
Does my husband have to sign a quitclaim deed on a property that I shared with another family member?
Yes - ownership of the property becomes shared upon marriage. In NC one spouse can purchase a piece of property but two signatures are required to sell it.
0 votes Share Flag Tue Apr 9, 2013 Financing in Raleigh
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
I'm thinking about refinancing my 30 year fix to a 15 or 10 year fixed, do you think that Rate's are going to come down even more.
I doubt they'll come down significant more. In fact, there really isn't room on the downside for much more of a drop.

Whether to refinance depends on what rate you currently have. Bu ... more
0 votes Share Flag Mon May 14, 2012 Financing in Raleigh
Don Johnson, Real Estate Pro in Cary, NC
Don Johnson asked:
Did you know fixed rate loans are down? 30 year down to 3.71%
15 year down to 2.94%
0 votes Share Flag Thu May 10, 2012 Financing in Raleigh
John T. Litt…, Real Estate Pro in Raleigh, NC
John T. Little answered:
Can you provide any details on why this home qualifies for $100 downpayment?
your post does not show the house.......if you let me know the address i might be able to shed some light on the subject.

Sincerely,

John T. Little
CRS,ABR,CRFS,CLHMS,E-Pro
Brok ... more
0 votes Share Flag Sat Apr 28, 2012 Financing in Raleigh
Shanna Rogers, Real Estate Pro in Murrieta, CA
Shanna Rogers answered:
Is it possible to get a loan immediately after a short sale in case of relocation?
Hi Rebecca,

Most lenders will not lend until 2 years after a short sale. However, maybe you can check with some Mortgage Brokers to see if any might be able to do something to assis ... more
0 votes Share Flag Sat Jan 25, 2014 Financing in Raleigh
Margaret Has…, Real Estate Pro in 33544
Margaret Hassani answered:
I have an 80/20 mortgage on a home I am upside down in by 20K. Can I roll this debt into another loan with the same company on a foreclosure home?
I am doubtful of that. If you are very strong financially with good cash reserves, you may qualify for another (totally separate) loan for a foreclosure home. You can always talk with ... more
0 votes Share Flag Fri Aug 26, 2011 Financing in Raleigh
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
MY FIANCE RESIDES IN RALEIGH NC AND I WILL BE RELOCATING FROM NJ. HE IS IN THE MILITARY. I OWN A HOME NOW. WHAT TYPE OF FINANCING CAN WE QUALIFY FOR?
Without overall financial information, etc.;--In order to determine the type of financing, do visit with any qualified loan officer, after reviewing your information a determination on ... more
0 votes Share Flag Tue Mar 29, 2011 Financing in Raleigh
Douglas Fuji…, Real Estate Pro in San Marcos, CA
Douglas Fujikawa answered:
I'M LOOKING 4 A EQUITY LINE LOAN WHO HAS BEST RATES? BILL K
Bill K,
"Good deals" on equity lines are hard to find these days. The interest rates are reflective of todays' risk and credit environment. Your best bet it with a l ... more
0 votes Share Flag Mon Feb 7, 2011 Financing in Raleigh
Patrick Thies…, Real Estate Pro in Elmhurst, IL
Patrick Thies SFR, CNC answered:
I woudl like to sell within the next year and my value is lower then what we owe what should I do?
Either you have to bring the difference between what you are able to sell your house for and what you owe the lender to the closing, or you need to contact your lender and see if you qu ... more
0 votes Share Flag Thu Dec 30, 2010 Financing in 27614
Scott Miller…, Real Estate Pro in Boca Raton, FL
Scott Miller - REALTORĀ® answered:
I am a veteran with a middle score of 587. I'm looking to obtain a home mortgage, but I have a few late pays on an auto loan in last 12 months.
Hi Davis. Start working on repairing your credit! Here's a link for a company that charges reasonable rates:

http://www.lexingtonlaw.com/

My attorney in Philly used them ... more
0 votes Share Flag Mon Jun 3, 2013 Financing in 27614
Jean (Zhihon…, Real Estate Pro in Cary, NC
Jean (Zhihong) Fletcher answered:
Bad credit but not drastic
Hello,

I would suggest you to contact a local lender. He/she will be able to help you out and analysis your overall situation and give you some recommendation. If you need one, ple ... more
0 votes Share Flag Thu Jan 7, 2010 Financing in Raleigh
Vivian Olkin, Real Estate Pro in Chapel Hill, NC
Vivian Olkin answered:
looking to refinance for my house in raleigh
I am not a loan officer but you should be able to do it with the wonders of email, scan, and fax. People do it from across country so why not across the ocean? If you need help findin ... more
0 votes Share Flag Fri Nov 27, 2009 Financing in Raleigh
B, Home Owner in Minneapolis, MN
B answered:
Is there a seasoning requirement when purchasing a foreclosure property with a NACA loan?
Hi, to my understanding is 24 months. I have been told that could be exceptions, case by case.

Did you know that NACA only pre approves the loan? Final approval will be done by the ... more
0 votes Share Flag Mon Nov 16, 2009 Financing in Raleigh
Patrick Thies…, Real Estate Pro in Elmhurst, IL
Patrick Thies SFR, CNC answered:
How do I know if a townhome is FHA approved?
You can contact the Condo Association for that building. They should have that information.
0 votes Share Flag Mon Aug 8, 2011 Financing in Raleigh
Marty S, Real Estate Pro in Irvine, CA
Marty S answered:
Looking to refinance but have been sent on a assignment in UK for two years so rented the house in USA - can
As long as your income and assets, along with your credit, meet the loan requirements, there should be no issue with you refinanicing. You may have to play a little extra for a local No ... more
0 votes Share Flag Tue Jan 20, 2009 Financing in Raleigh
Bill Eckler-…, Real Estate Pro in Venice, FL
Bill Eckler-Florida, answered:
I applied to refinance my mortages (beach condo). I paid upfront as requested by the broker $405.00 for
Lou,

Since this could be percieved as a legal issue, you might want to consider consulting an attorney for their input.

Good luck
0 votes Share Flag Mon Jan 19, 2009 Financing in 27615
Lizete Santos, Real Estate Pro in 94105
Lizete Santos answered:
I'm building a home which will be done in about 45 days. Should I lock in my interest rate? It's at 6% in NC
Hi J,

Since last week they've gone up so there is tangible data that they'll increase in the following weeks to come.

Have you consulted a mortgage professional? What have they re ... more
0 votes Share Flag Thu Sep 25, 2008 Financing in Raleigh, NC
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