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All Locations : Nationwide Real Estate Advice

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Activity 483,360
A moment ago
Mary Belle Isle answered:
Great question! Knowing the answer is important so you can avoid "sticker shock" throughout your transaction. Unfortunately, yes - there are expenses you'll need to have available to you, even if you get a no-money-down loan. No matter what type of loan you get, you'll need to put down (A) earnest money (about 1%-2% if you're in the State of NH), (B) costs for any required or chosen Professional Home/Water/Septic Inspections, depending on the term of your loans (C) possibly the cost of an appraisal required by your lender, (D) six months' to a year's cost of home insurance that you'll be required to pay ahead of time called your "home insurance binder", often times the money to reimburse the seller's pre-existing (E) fuel that may already be at the property, and (F) any Closing Costs above those which you may not have been able to borrow from the Seller. I hate to be the one to deliver that buzz-kill. Truly, I wish everyone could put down nothing, but those are costs which homebuyers need to have on-hand, even if you have a no-money-down loan. **Do double-check with your mortgage contact to ask, "With my type of loan (1) which home inspections will [I] be required to have and (2) will [I] be required to pay for the home appraisal up-front or will those be rolled into my Closing Costs at the end of the transaction?" ... more
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A moment ago
stacy answered:
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A few minutes ago
Michelle asked:
We are teachers getting ready to move to a new state. Hiring for the next school year is about to start but we have resigned from our current district and will start interviewing soon. So…
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A few minutes ago
Babettescott asked:
A few minutes ago
asgj1978 answered:
Step one---never assume!!! Ask!!...But like others have already pointed out, the answer more than likely is prepaying 7 months worth will not lower the l mortgage payment that the lender has already estimated for you...it will just give them a cushion to be sure to have enough there. ... more
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A few minutes ago
Roma Van Demark answered:
A few minutes ago
asgj1978 answered:
Only with an FHA loan is it 'for life'---but you can refinance once you have 20% equity. There are some programs that do not require PMI ever, but you have to meet certain criteria for them ... more
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A few minutes ago
Marquita.jensen asked:
The $800 range. I have three jobs. I have good rental history, no criminal record and no bankrupties. I just made a couple of bad choices. Willing to pay $1600 upfront. Someone please…
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A few minutes ago
Arlenesiegel78 asked:
A few minutes ago
writemonika asked:
Hi: Even though I input in my search that I am looking for a rental of a single family home, the search always alerts me to Condor and/or Apartments for rent as well - which I do not want…
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A few minutes ago
writemonika asked:
Hi: Even though I input in my search that I am looking for a rental of a single family home, the search always alerts me to Condor and/or Apartments for rent as well - which I do not want…
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A few minutes ago
gvaz asked:
A few minutes ago
Limasoup asked:
Does anyone know of a service that provides information or referrals for Nanny's or personal Chef services in Austin. Or what is the best resource for finding referals
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A few minutes ago
Jstkhom4 asked:
Initially our lender said 10-20% down. Since the election, he now states that we only put 3-5% down, and put rest in savings due to interest rates.
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A few minutes ago
Gene Petrino asked:
I'm looking at taking on a Buyer's Agent. Needs experience as I don't have time to train. I'm getting leads from my website and need help with them.
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A few minutes ago
Susie Kay answered:
Of course, there's no rule saying that you can only purchase one home.
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A few minutes ago
Bonnie Salsone asked:
You need to get the rental products correct. Remove immediately
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A few minutes ago
Susie Kay answered:
A few hours ago
Angelica P answered:
Hi,

I have emailed you regarding this.


Thank you for using Trulia!

Angelica
Consumer Care Advocate
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