Financing in North Carolina : Questions & Answers

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Joshua Miller, Real Estate Pro in Greensboro, NC
Joshua Miller answered:
Can my lender approve my loan without my tax transcript even if I filed but IRS has not process it yet?
Yes. Give me a shout


336.215.8019
0 votes Share Flag Wed Apr 17, 2013 Financing in Greensboro
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
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
When is it better to shop around than to stick with your bank?
All the time.

At least get competing quotes.

One caveat: Beware of online lenders. Some are good. Some aren't. But there's often less accountability than if the lender is down the ... more
0 votes Share Flag Wed May 8, 2013 Financing in Charlotte
Frank Coxx, Real Estate Pro in 28110
Frank Coxx answered:
How large a downpayment do you need for an FHA loan?
3.5% of sales price...if you are doing a HUD home it is $100 down...
0 votes Share Flag Sat Feb 7, 2015 Financing in Charlotte
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
how do you know if a home qualifies for a USDA loan? the web site doesn't seem to be working for me so that is out. Thanks
Are you trying;
http://www.rurdev.usda.gov/rd_loans.html

Good luck and may God bless
0 votes Share Flag Wed Aug 6, 2014 Financing in Asheboro
Andy Matejka, Real Estate Pro in Greensboro, NC
Andy Matejka answered:
how do you know if a home qualifies for a USDA loan? the web site doesn't seem to be working for me so that is out. Thanks
IS this the website you are using?

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

if you are still having trouble, feel free to email me the address and I'll che ... more
0 votes Share Flag Thu Mar 28, 2013 Financing in Asheboro
Andy Matejka, Real Estate Pro in Greensboro, NC
Andy Matejka answered:
Due to unemployement my wife and I filed bankruptcy and got a dishcharge 3/12. She is now working and we make over 80,000 grand. Can we refinance ?
CH. 7? Ch. 13? what type of loan? what's the current rate? Why did you file?

CH. 7 won't allow a new mortgage for 4-7 yrs. if it's Conventional and depending on the Govt. Sponsored ... more
0 votes Share Flag Sun Jul 28, 2013 Financing in North Carolina
Larry Story, Real Estate Pro in 27408
Larry Story answered:
What type of mortgage can you get of your home is paidoff?
Knorris,

Not sure what you are asking for. Are you looking to refinance your home or to buy another home?

You can always take a loan out on your home if it is paid off. Your bes ... more
0 votes Share Flag Sun Mar 10, 2013 Financing in 27265
Jill Ford, Real Estate Pro in Pinehurst, NC
Jill Ford answered:
Using rental income for HEL
Not the mortgage/loan expert but can't resist taking a stab at this one. I haven't encountered lenders in this new (post 2008) lending environment who will do what you are ho ... more
0 votes Share Flag Sat Feb 16, 2013 Financing in Fayetteville
Kathleen Tur…, Real Estate Pro in Charlotte, NC
Kathleen Turner answered:
Apartment Building Financing
You need to connect with a good commerical real estate broker who will have a number of lender contacts that wil finance such a project. Not all lender do commerical oans, regardless of ... more
0 votes Share Flag Sun Apr 28, 2013 Financing in Charlotte
Melissa Albe…, Real Estate Pro in Raleigh, NC
Melissa Albert answered:
I foreclosed one of my rental properties in Feb 2011 my credit score is very high now around 740
Hello Peter,

This is a great question for a lender. Find one locally and pick his or her brain.

Good luck
0 votes Share Flag Sun Jul 28, 2013 Financing in Cary
Tony Garcia, Real Estate Pro in Charlotte, NC
Tony Garcia answered:
Any Mortgage Broker want to qualify my new buyer?
sure. send me an email tony.garcia@everbank.com
0 votes Share Flag Sat Feb 2, 2013 Financing in Asheville
Mike Jaquish, Real Estate Pro in 27513
Mike Jaquish answered:
Is it good to purchase a home that was orgianally purchased for 202,000 and asking price now is 189000, is that normal??
If the actual market value is $210,000, I think you can hardly go wrong.
If the actual market value is $160,000, I think you need to not overpay.

Comparable sales will help determin ... more
0 votes Share Flag Tue Jan 22, 2013 Financing in 27529
Jernel Sande…, Real Estate Pro in Matthews, NC
Jernel Sanders answered:
Do you accept Section 8 vouchers?
Many rentals in the area do accept section 8 vouchers those who do can be found at www.socialserve.com
0 votes Share Flag Thu May 29, 2014 Financing in Matthews
Andy Matejka, Real Estate Pro in Greensboro, NC
Andy Matejka answered:
how many yrs income tax is required to buy a house in asheville nc?
A general rule of thumb is 2 yrs.

However, this is the time of year that folks begin preparing their income taxes for 2012 and depending upon your specific circumstances an underwr ... more
0 votes Share Flag Tue Jan 1, 2013 Financing in Asheville
Kathy Byrnes, Real Estate Pro in 28117
Kathy Byrnes answered:
I am looking to get a pre-approval for a loan in the Charlotte, NC area in the range of $105k-109k.
Call Kelly Waugh with Fairway Mortgage. She is excellent. 704-578-4577 - kwaugh@fairwaync.com
0 votes Share Flag Fri Dec 28, 2012 Financing in 28117
Amy Baker, Real Estate Pro in Charlotte, NC
Amy Baker answered:
relocating to Charlotte. Looking to purchase first home with little to no down payment. should I be looking for a "buyer agent" whats the?
I would definitely suggest talking to a few different agents before you hire one to be your buyer's agent. Be sure whoever you choose has in depth knowledge of programs that can he ... more
0 votes Share Flag Wed Feb 6, 2013 Financing in Charlotte
John Siddons…, Real Estate Pro in Charlotte, NC
John Siddons - REALTOR® answered:
Looking for a mortgage in NC on a 650K home purchase. Only have 50K to put down. Any programs out there?
Hello!

If you do not have a buyer's agent, contact me directly and I'll hook you up with my lender who may be able to help you!

John Siddons
John.Siddons@prucarolinas.com
704-45 ... more
0 votes Share Flag Tue Dec 18, 2012 Financing in Charlotte
Debbie &…, Real Estate Pro in Charlotte, NC
Debbie & Salvador Arriero answered:
I think/hope we are finally ready to meet with a loan officer
Jeff Trout, Myers Park Mortgage - 704-971-6145 - he's phenomenal. Great programs. Then when you are finished with him, give me a call - I'd love to help you find a home. 704-443-8627 or ... more
0 votes Share Flag Sat Feb 23, 2013 Financing in Charlotte
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