Financing in Herndon : Questions & Answers

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Sonal Goda, Real Estate Pro in 20190
Sonal Goda answered:
Rental Property Cash out Refi
Yes - I believe this is very possible, as long as you can show that you would be able to pay back the loans. I am referring to people who have businesses or are independent contractors ... more
0 votes Share Flag Sun Nov 11, 2012 Financing in 20171
Vivianne Rut…, Real Estate Pro in Fairfax County, VA
Vivianne Rutkowski answered:
What is the best mortgage rate for 30 yr fixed loan with an average credit score of 787 for a property in 20171 zip code ?
Hello Suresh,

The mortgage loan interest rate does NOT depend on credit score alone. The type of loan you use (conventional, FHA, VA, etc), the size of the downpayment, your debt-to- ... more
0 votes Share Flag Mon Nov 14, 2011 Financing in 20171
Andy Krumholz…, Real Estate Pro in Reston, VA
Andy Krumholz, GRI, CDPE answered:
Is it possible to convert my HEL(Home equity loan) to HELOC on my investment property?
Hi Aj,

This question is best asked of your lender, but the answer is likely to be no. When they gave you the Home Equity loan, they did an appraisal to make sure your home's va ... more
0 votes Share Flag Tue Dec 29, 2009 Financing in Herndon
Monika Kumar…, Real Estate Pro in 22181
Monika Kumar & Realty Geeks answered:
203(k) Rehab Loan 203(b) Home Acquisition Mortgage Loan
As by my past experience bottom lines

1.One Loan is given at the time of settlement as a normal loan BUT before that
a) repair estimates are taken from 3 different contractors to d ... more
0 votes Share Flag Tue Aug 18, 2009 Financing in 20170
Cherrie Cata…, Real Estate Pro in Chicago, IL
Cherrie Catama answered:
Verbal commitment to lender for home mortgage, locked interest rates.
Yes! Technically you are not obligated to any loan. Nothing is finalized until the loan is closed and funded. Just be upfront with the lender and tell them you are cancelling your ap ... more
0 votes Share Flag Mon Aug 17, 2009 Financing in 20170
Mary Margaret…, Real Estate Pro in Fairfax County, VA
Mary Margaret Gates answered:
If I lock-in mortgage rates for my first time home purchase financing, can the locked-in rate be
The best advice I will offer is to check with your lender. You want to ask about locking-in the rate and timing for settlement.

As of June 30th, there are some brand new governmen ... more
0 votes Share Flag Mon Aug 17, 2009 Financing in 20170
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