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All Locations : Nationwide Real Estate Advice

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  • Home Buying254K
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Activity 477,535
james turano, Real Estate Pro in MIDDLE VILLAGE, NY
A moment ago
james turano asked:
Renovated 1 Family-3bedrooms, with $40k Price Reduction in Jamaica? The address is 153-18 119 Avenue. Open House tomorrow,Saturday,Jan,21st. Time 12noon-2p.m.
3% Down if qualified with…
0 votes 0 Answers Share Flag
Michael Miner, Home Buyer in Pflugerville, TX
A few minutes ago
Michael Miner answered:
Maybe. If you are depending on selling your house, you might want to make a back up plan. All of the people currently not working are living somewhere. I seriously doubt they are going to buy a home. If they have a mortgage on a home, they will eventually lose it if they stop getting a free ride. They can sell it and downsize a few times, but eventually they run out of equity. It's just math. ... more
0 votes 169 answers Share Flag
Glade64, Home Buyer in Chicago, IL
A few minutes ago
Glade64 asked:
Hallefelicit…, Home Buyer in Perth Amboy, NJ
A few hours ago
Hallefelicity2013 answered:
Don't build on wetlands. We lost a 4 year old house and 38 years of property and memories and our health and family. To buying a house built on wetlands. My husband and I got a divorce and because we live in the northern part of the USA ( Sioux Falls,SD) we can't get health care for our systemic ( meaning the toxins the mold release into people like us poor immune systems) mold illness. The doctors think we are crazy, I was even diagnosed with it by my doctor. He is from California but he very obviously was told to hush up about it, because he won't address it at all. My daughter and I keep getting sicker. I am 58 and she is 34 and we have had one illness after another for 4 years. Don't do it our home was built on swampland illegally and the contractor got a minimal fine and that was all. Our lives and health have been torn to pieces and know one even knows. You would be amazed at what happened to us. Another long sad story we still have no family left they all disowned us my own children except for the one that experienced it (but she went into denial) and my oldest daughter because she met someone who had our story too. My aunt's uncle's sister nieces nephews cousins my daughter and son WON'T have ANYTHING to do with us because they think we are crazy . DON'T DO IT SUSAN VOLK SIOUX FALLS,SD (605) 951-4802 ... more
0 votes 3 answers Share Flag
Thomas Martin, Real Estate Pro in Hollywood, FL
A few hours ago
Thomas Martin answered:
http://www.fhamortgageprograms.com/georgia-fha-mortgage-lenders/
A Georgia FHA Mortgage Lender can offer you a better Mortgage Deal including:

Low er down payments (if any)
Lower closing costs
Easier credit qualifying
Same Day Pre Approvals!
... more
0 votes 93 answers Share Flag
Thomas Martin, Real Estate Pro in Hollywood, FL
A few hours ago
Thomas Martin answered:
purchase 1 day after a foreclosure or bk in Georgia.
http://www.fhamortgageprograms.com/georgia-mortgage-lenders-programs/
0 votes 17 answers Share Flag
Thomas Martin, Real Estate Pro in Hollywood, FL
A few hours ago
Thomas Martin answered:
GEORGIA STATED HOME LOANS- BASED ON BANK STATEMENTS

Borrower must be Self Employed
Personal or Business Statement Accepted
50% MAXIMUM DTI FOR BANKSTATMENTS
24 months to qualify / Mortgage Late Payments, Short Sales, BK = OK!!
Bank statement lenders minimum 580 FICO!



http://www.fhamortgageprograms.com/stated-ga-mortgage-lenders-primary-homes/
... more
0 votes 12 answers Share Flag
Thomas Martin, Real Estate Pro in Hollywood, FL
A few hours ago
Thomas Martin answered:
http://www.fhamortgageprograms.com/stated-ga-mortgage-lenders-primary-homes/
GEORGIA STATED MORTGAGE LENDERS SUMMARY!

No tax returns required
Bank statement deposits used to qualify
24 months’ personal bank statements (Personal and Business)
Loans up to $2 million
Credit scores down to 600’s
Rates starting in the low 5’s
Up to 85% LTV
DTI up to 50% considered
Owner-occupied, 2nd homes, and investment properties
2 years seasoning for foreclosure, short sale, BK, DIL
Non-warrantable condos considered
Jumbo loans down to 660 score
5/1 ARM or 30-year fixed
No pre-payment penalty for owner-occ and 2nd homes
SFRs, townhomes, condos, 2-4 units
Seller concessions to 6% (2% for investment)
2 year self-employed required
... more
0 votes 9 answers Share Flag
gypsysilverm…, Home Owner in Sparks, NV
A few hours ago
gypsysilverman answered:
Oh you can set your self up for a easy qualify bad trip, rip off loan, to make your self believe you own a home, with an adjustable rate mortgage, But as soon as the economy goes bad you will not be able to make your super high rip off payments and you will lose what you thought was your home. Keep in mind congress has set up the lending company and banking rip off practice since before the 1980's for more than just the last crash, but the next few crashes, the people congress work for in the congressional conspiracy, want to steal more, and more houses as time goes on, and you can help them do it, by getting a no or low qualify adjustable rate mortgage. Happy trails to you. I will be waiting with cash to scoop up your default, bank foreclosures, short sales, in the next crash just like I did in this last crash, when ever that may be. P.s thanks for the cheap rental houses. ... more
0 votes 49 answers Share Flag
Gameoverlord, Home Buyer in Orange, CA
A few hours ago
Gameoverlord asked:
JT, Renter in Hawthorne, CA
A few hours ago
JT answered:
0 votes 2 answers Share Flag
Karinatapia23, Home Buyer in New York, NY
A few hours ago
Karinatapia23 asked:
We made an offer they(seller) gave us a counteroffer we offered another amount they accepted and have signed. We also gave a $1000 check that our agent told us was needed. Can I back out?…
0 votes 0 Answers Share Flag
Shane Milne, Real Estate Pro in South Jordan, UT
A few hours ago
Shane Milne answered:
Hi Cruzahome,

We can get you pre-approved in as little as a day, just depending on how complex your situation is. Once you have found a home, our underwriting review time is 24-48 hours. Let me know if I can help.

Shane Milne | Lending in all 50 states | NMLS #81195
shane@thebesthomeloans.com | 949-322-3616 direct
... more
0 votes 1 answer Share Flag
 Tylerlee, Real Estate Pro in New York, NY
A few hours ago
Tylerlee answered:
Whatever method you choose to find a reliable locksmith but it is important to check the credentials of a locksmith before you let him inside your house. This can be done by cross-checking the business address listed with the phone number. http://www.sebastianlocksmithsouthmiami.com/ ... more
0 votes 2 answers Share Flag
Shane Milne, Real Estate Pro in South Jordan, UT
A few hours ago
Shane Milne answered:
Hi Jgratson,

Yes, one option is to do a cash-out refinance on your current residence and use the cash out proceeds for the down payment on your new home, however if you will be selling your home then a cheaper way to get the funds would be to take out a home equity loan. Home equity loans have much less closing costs (although the rates are a little higher), but if you'll only be borrowing the money for a short amount of time then cheaper closing costs are going to be more important than a higher rate which you'd only have for a few months.

Regarding your question about paying taxes on the increase in value - that has nothing to do with the mortgage aspect. It has everything to do if you meet the "exclusion test" that the IRS has, which you can find details on at https://www.irs.gov/businesses/small-businesses-self-employed/sale-of-residence-real-estate-tax-tips. When we sold our home, we didn't have to pay capital gains because we owned it for at least 2 years and also lived it in for 2 out of the last 5 years (even though we didn't live it in at the time we sold it). See the link and read through to get an idea if you would owe capital gains on the sale of your residence or not.

Hope this helps. Feel free to contact me if you have any follow up questions.

Shane Milne | Lending in all 50 states | NMLS #81195
shane@thebesthomeloans.com | 949-322-3616 direct
... more
0 votes 1 answer Share Flag
Shane Milne, Real Estate Pro in South Jordan, UT
A few hours ago
Shane Milne answered:
Hi Ktrlal, yes, you should have much better options now that the Ch. 7 BK has been 2 years since the discharge. Most likely the best refinance option would be an FHA loan, as you should see roughly a 3% reduction in the interest rate. There are conventional loan options too, depending on the amount of equity they may be able to save you money too.

I'm in Orange County and I'd be happy to help go over your options if you'd like. Feel free to give me a ring or shoot me over an email.

Shane Milne | Lending in all 50 states | NMLS #81195
shane@thebesthomeloans.com | 949-322-3616 direct
... more
0 votes 1 answer Share Flag
Sam Shueh, Real Estate Pro in Cupertino, CA
Yesterday at 10:08pm
Sam Shueh answered:
Milpitas will be what Sunnyvale was 10-15 years ago. Like it or not that will be the ideal residential for people one head north and other taking 237 to Silicon Valley.

Regardless of the STW odor it has been there before WW 2. You can close your windows or pay more head other neighborhood. 95035 is still an affordable neighborhood for newer homes. But hurry, not long


Sam Shueh
... more
0 votes 4 answers Share Flag
Sam Shueh, Real Estate Pro in Cupertino, CA
Yesterday at 10:04pm
Sam Shueh answered:
The demographics are changing and places like Mt View which is more high income technics transformed from a service industry after Google went ipo. Today, MV High is one of the best high school in that area. Same will happen to many neighborhoods.

Sam Shueh
... more
0 votes 2 answers Share Flag
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