Financing in Solano County : Questions & Answers

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Tony Grech, Real Estate Pro in Michigan
Tony Grech answered:
Does a higher appraisal increase property taxes?
No. Appraisals are between you and the appraiser (and the lender if you are refinancing).

Your taxable value is determined by the assessor, who will look at recent property sales to ... more
0 votes Share Flag Thu Apr 4, 2013 Financing in Suisun City
Shane Milne, Real Estate Pro in Laguna Niguel, CA
Shane Milne answered:
Is it possible to refinance an fha loan into another fha loan?
R Ojeh, yup refinancing from an FHA loan into a new FHA loan is done all of the time. It's usually done with an FHA Streamline Refinance.

An FHA Streamline Refinance can be done w ... more
0 votes Share Flag Tue May 7, 2013 Financing in 94585
Carl Henker, Real Estate Pro in 95928
Carl Henker answered:
my renter wants to buy my home but is not quilfyed for the entire amount of my morgage, can he take over my payments legaly, all payments are current
The only "legal" correct way is for the buyer to obtain a formal assumption from your current lender. Which would entail qualifying for the loan, but as you stated he doesn't. You can ... more
0 votes Share Flag Tue May 7, 2013 Financing in 94585
Beth Britten…, Real Estate Pro in Vallejo, CA
Beth Brittenbach answered:
Is it possible to find a legal organization to cosign on a loan for a home if your credit is not strong enough?
Hi Shannon,

I am not aware of any legitimate organization who would do this; and with all the scams out there I wouldn't advise this approach. Better to just pull back and work on im ... more
0 votes Share Flag Thu Aug 2, 2012 Financing in Vallejo
Gregorio Den…, Real Estate Pro in San Diego, CA
Gregorio Denny answered:
We have a 30 yr fixed conv. We would like to refinance into one loan. We are underwater, and do not qualify for homes affordable program. Options?
I am assuming you have a 2nd that you want to combine?
You cannot refinance into one loan if you are upside down. Even if you were eligible for the HARP refinance, the 2nd would have ... more
0 votes Share Flag Mon Jun 25, 2012 Financing in 95688
Carl Henker, Real Estate Pro in 95928
Carl Henker answered:
what is involved in doing a refinance? what are the similarities and differences of a refinance compared to a fha loan for a fist time home buyer?
You will not save any money with the new MI requirements. The new upfront MI is going to be 1.75% and the monthly is increasing to 1.25%. Even with the lower rate your monthly payment ... more
0 votes Share Flag Tue May 7, 2013 Financing in 94585
Marty Stern, Real Estate Pro in Sonoma, CA
Marty Stern answered:
How soon after closing on a new home loan can you refinance?
Hi Richard - As long as it is a rate-term refinance, with no cash out, you should be able to refinance now with a new lender. Keep in mind however that the original lender loses out if ... more
0 votes Share Flag Mon Apr 21, 2014 Financing in 94585
Shane Milne, Real Estate Pro in Laguna Niguel, CA
Shane Milne answered:
Qualifying for a Homepath investor mortgage...
Depends on what your other monthly payments are - rent & consumer debt. If your rent & consumer debt payments are $500/mo then you should be fine, if it's $750/mo you won& ... more
0 votes Share Flag Sat Aug 6, 2011 Financing in Vallejo
BG, Home Buyer in Phoenix, AZ
BG answered:
WITH MORE EXPLANATION Portfolio Lender that will take a 620 credit score.Wells said they can't cause of the number of properties I have under
I think they only allow a max of 5 loans ... for government backed mortgages ... Private or Portfolio may go higher but then they want to be compensated for the additional risks ... or ... more
0 votes Share Flag Thu Apr 21, 2011 Financing in Vallejo
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
Looking into the future and trying to get my "credit right" to buy a home. What do I tackle first?
Without any income information, etc.--You loan officer can best advise you-- do pay down debt, get rid of old debt, keep credit cards below 50%, dispute any negatives you may have, pay ... more
0 votes Share Flag Thu Mar 18, 2010 Financing in 94591
Rod Herman, Real Estate Pro in Benicia, CA
Rod Herman answered:
What are monthly/annual fees for Rancho Benicia (i.e., rent, etc.)?
You do have to rent the space. It varies from space to space, but it's usually close to $600/month. The space rent typically goes up slightly when ownership transfers. You must be at le ... more
0 votes Share Flag Thu Jan 15, 2009 Financing in Benicia
Jacqueline K…, Real Estate Pro in Centennial, CO
Jacqueline Kounkel answered:
I am looking for portfolio lenders in the San Francisco Bay Area to fund profiable non-owner occupied real
Wells Fargo is a portfolio lender. Please give me a call and I can see if we can help!

Jacque Kounkel
303-907-3334
0 votes Share Flag Sun Nov 23, 2008 Financing in Benicia
Luke Allison, Real Estate Pro in Asheville, NC
Luke Allison answered:
I am a federal employee and looking for a home loan. Can anyone provide the relative merits of using a?
Even though I work for a mortgage bank, I would honestly have to tell you that if they offer the loan program you are looking for and can get approved, go with the credit union over a m ... more
0 votes Share Flag Thu Jul 17, 2008 Financing in American Canyon, CA
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