Financing in Ulster County : Questions & Answers

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Daniel Winn, Real Estate Pro in Woodstock, NY
Daniel Winn answered:
List of bank lenders that provide land loans for approved residential subdivision in New York State?
Now is an especially difficult time to get financing on an approved subdivision from a bank.

Seller financing is always good if you are purchasing the property and not developing it ... more
0 votes Share Flag Mon Oct 31, 2011 Financing in Kingston
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
Can I refinance a house with my current husband that I own with my ex-husband to get my ex off the loan & Title? My ex lives in the house
Consider consulting with your attorney and or tax professional to see what options are best for you--you can refinance if you qualify, and you could consider buying your ex out if need ... more
0 votes Share Flag Thu Jan 27, 2011 Financing in 12528
Matthew Howe, Real Estate Pro in Hartford, CT
Matthew Howe answered:
Is it possible to obtain a mortgage when the appraised value is much lower than the asking price?
Yes. It all depends on how much you can put down. Typically the bank will lend up to 80% of the value on a conventional loan. If you can come up with the difference you should be all se ... more
0 votes Share Flag Thu Dec 9, 2010 Financing in Phoenicia
Robin Silver…, Real Estate Pro in Garden City, NY
Robin Silverberg answered:
FHA or not? Trying to buy a 3-family property in New York State, which contains 2 buildings, with my dad (non occupant) as co-borrower.
If I understand your explanation of the property correctly, it is a 3 unit property, but consists of one 2 unit and one single unit. That is where you have the problem. Fannie Mae guide ... more
0 votes Share Flag Tue Jan 3, 2012 Financing in Woodstock
Ron, Home Buyer in 11001
Ron answered:
I need some help with my 203 streamline k loan, specifically how to draw out the funds.
Contact the department of State. Sounds like something "fishy" is going on.
0 votes Share Flag Tue Dec 8, 2009 Financing in 12589
Kyle, Real Estate Pro in Scottsdale, AZ
Kyle answered:
My brother and I currently rent together and are looking to buy a home. My name is on the lease, but we have
Not unless its a multi unit property or he would have to be on the loan with you to use his income (and debt).

But you cannot count rental income on a one unit single family home o ... more
0 votes Share Flag Tue Jul 28, 2009 Financing in Wallkill
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