Marlee, you really need to give us more information. There are many homes an many "nice" neighborhoods within 25 minutes of Riverside. Basically, the entire city is within 25 minutes of Riverside, incljuding the suburbs. Describe what "best place" means to you. What type of community are you looking for? What style/age? What types of neighborhood ameneties?... more
You can get a free crime report on my website. It is www.toddgreensellscolumbus.com. It will give you what crimes have happened in a certain area. Let we know what else I may do to assist you with your real estate purchase. My number is 6143482100 or you can reach me by email at firstname.lastname@example.org.... more
Although I can't answer specifically about the North Linden area, Columbus as a whole barely got ANY snow this past winter! But that is extremely rare. We usually get our big snows in Feb and March it seems. Here is a good site to research weather trends and averages: http://www.weather.com/weather/wxclimatology/monthly/graph/43210... more
A refinance transaction involves paying off an existing real estate debt from proceeds of a new mortgage. For all refinance loan transactions, 1) the borrower must be current for the month due and, 2) there must a current payoff statement in the case binder.
Under the terms and conditions outlined below, FHA will insure the following types of refinances:
A. Regular Refinances â€“ â€œcash-outâ€ and â€œno cash-outâ€
1. â€Cash-Outâ€ Refinances: the maximum loan-to-value and combined loan-to-value of any cash-out refinance is 85%. The calculation is based either off the appraised value or the original sales price, depending on the length of time the borrower has owned the property.
a)The loan is limited to a combined LTV (FHA insured first mortgage and any subordinated lien) of 85% of the appraised value, provided the borrower has owned the property for at least one year. Note that manufactured homes have other restrictions (Handbook 4155.1, section 3.A).
b) If the property was purchased less than one year preceding the application date, the LTV/CLTV (85%) for the mortgage amount must be calculated using the lesser of the appraised value or the original sales price of the property.
c) The property that is security for the refinanced mortgage may be a 1-4 unit property.
d)The property must be owner-occupied. Non-owner occupant co-borrower may not be added in order to meet FHA?s credit underwriting guidelines.
e)Properties owned free and clear may be refinance as cash-out transactions.
f)3-4 unit properties are required to pass the self sufficiency test and have a minimum of 3 months reserves after closing.
g) Properties acquired by inheritances within the past 12 months are eligible for a cash-out refinance transaction provided they have been occupying the property as their primary residence since the inheritance. The lender must document the acquisition by the borrowers via inheritance.
h)Manufactured homes: there are restrictions applicable please refer to Handbook 4155.1, section 3.A.
Joel Lobb (NMLS#57916)
Senior Loan Officer
Key Financial Mortgage Co. (NMLS #1800)*
107 South Hurstbourne Parkway*
Louisville, KY 40222*
If you don't think you can get a loan for a few years, then I am afraid you do not understand how a rent to own works. The owner will want you to be able to buy the house in 1 to 2 years and that means you will HAVE TO get a loan to do it - unless you plan to hit the lottery or something. If you can't get a loan, then you will be in default of your rent to own contract and you will lose the deposit money and all the monthly option money that is tacked on top of the monthly rent each month. You could lose thousands so why take that silly chance? Just rent now and buy when you can actually get a loan, you will be better off.... more
A provision in a contract or promissory note that if some event (like not making payments on time) occurs then the entire amount is due or other requirements are due immediately. This clause is most often found in promissory notes with installment payments for purchase of real property and requires that if the property is sold then the entire amount of the note is due immediately (the so-called "due on sale clause.")... more
I live 1/8 of a mile off Polaris in Westerville and have been a resident of this area for the past 15 years. I sell a great deal in this area, and have a few places listed at this time dependent on your price point, etc. Feel free to give me a call and I'd be happy to make some personal recommendations. Thanks! Jeremy Bevington, Realtor, Real Living HER 614-270-2880... more