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All Locations : Nationwide Real Estate Advice

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  • Home Buying254K
  • Home Selling41K
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A moment ago
Rachel.madonia24 asked:
A few minutes ago
Jared asked:
I live in Jefferson Park where gentrification is an understatement. Townhouses are next door and on the market. I had a realtor some out and give me a Market valuation of my house but she…
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A few hours ago
Tokimunsta+waf asked:
A few hours ago
Shane Milne answered:
Why did Nationstar say no? I'd be happy to help go over your situation. We offer regular mortgages but also have access to hard money lenders.

Shane Milne | Lending in all 50 states | NMLS #81195
shane@thebesthomeloans.com | 949-322-3616 direct
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A few hours ago
Shane Milne answered:
Alan is correct, to completely avoid PMI you need 20% down. Traditionally, PMI is paid as an additional amount on top of principal, interest, taxes, and insurance (this is just called "borrower paid MI")... however there are alternative options, such as paying PMI through a higher interest rate instead (called "lender paid MI"), or paying a single PMI premium at closing (simply called "single premium"), or even splitting it up into a smaller monthly amount and a smaller premium amount at closing (called "split MI").

The best type of PMI will depend on your situation, however if you are putting almost close to 20% down, then usually just regular borrower paid MI ends up being the best option. The reason being is that the PMI will drop off as soon as your regularly scheduled payments will bring your loan-to-value to 80% of the value of the home when you obtained the mortgage - which if you are almost putting 20% down, won't be very long.

Feel free to contact me with further questions.

Shane Milne | Lending in all 50 states | NMLS #81195
shane@thebesthomeloans.com | 949-322-3616 direct
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A few hours ago
Karen Peyton answered:
Do the CC&R's for you community allow rentals? The HOA documents decide the answer to your question "more" than your mortgage balance.
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A few hours ago
Sarah Acuna asked:
A few hours ago
Karen Peyton answered:
Yes you can pay the difference. Contact your lender for details and the exact down payment on your purchase of $300K. In all likelihood it will be $25K to close the gap between 275 and 300, and then 3.5% of $275,000 which is $9,625 or $34,625 total.

While verifying your down payment, ask your lender about a conventional loan.

Good luck!
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A few hours ago
Karen Peyton answered:
With scams being so pervasive, you'd do best to work with an agent.
Some listings presented for sale and rent on sites such as this don't even exist (e.g. a fake house number on a real street). The last thing you want is a contract with a crook. It happens! You must be careful!
Contact a local agent in the area (where) you will buy and let them vet the Sellers for you.
Good luck!
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A few hours ago
Greentekfirst answered:
Always but always do your due diligence! Regardless of the source, perform a preliminary title search first before committing with earnest money or down payments. We have learned the hard way and will never make that mistake again. A great resource we found for expedited title and lien search services is US Title Records. Online title search company that covers every county throughout the United States.

See: https://www.ustitlerecords.com

Mark
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A few hours ago
Karen Peyton answered:
Use the Find an Agent tab at the top of the page to contact a local agent. Trulia is not a real estate company or brokerage and therefore cannot help you make, write or put-in an offer. ... more
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A few hours ago
Derek Jones answered:
A short sale is a home that is for sale where the owner owes more than what the home is worth. It is not a quick and easy process and can take 2-12 months for the deal to close. With a short sale the owners current lender has to approve of the sale and purchase price and has to prove a hardship.

Additionally, short sales aren't like they used to be where they would be a great bargain. Now most short sales I run into are priced right around similar homes in the area.
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A few hours ago
Pearl.porter285 answered:
Hello my name is Pearl I'm looking for 3 bedroom townhouses that accept section 8
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A few hours ago
Robert Carricaburu asked:
A few hours ago
Miclesriv asked:
I work in Quanah and am looking for at least a 3bdr, 1 1/2 bath with an out building and pool for around $150,000.
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A few hours ago
LGR21 answered:
Ideally, the 800-1.1 range. Looking for great schools and a neighborhood where it is easy to meet other families with young kids. Want a newer or completely updated "turn key" home with 4 plus bedrooms and private pool. Open to whatever areas would be a good fit. From what I've read, PBG seems like a good place. Any direction is greatly appreciated:). Thanks! ... more
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A few hours ago
Rich Reed answered:
Hi, Alexander. The lot two lots north of yours (13,668 sqft) was listed on 5/10/16 and EXPIRED UNSOLD 204 days later on 12/1/16 at $78k. Vacant lot listings can take longer to sell than residential listings, but price is an important factor. Compare your lot with that one and see if $80k makes the most sense. Hope this helps! ... more
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A few hours ago
Nicole Fedorchek answered:
Trulia does not screen for legal or illegal units. Unfortunately, anyone with access to a computer can post listings here.
I'm sorry that you are in this situation; please let me know if I can assist you in finding a more suitable rental!
Nicole
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A few hours ago
Diane Christner answered:
Ah yes, the broker professional fees. Generally, a broker will take the fee out of the agent's commission if the agent's customer does not pay it at closing. Which probably explains why they are bugging you about it.

I would suggest calling up the broker of the office (not the agent) and tell him or her what you explained here and see if you can work out a satisfactory resolution to your situation.



By the way, that fee should have been disclosed to you in writing before you signed a purchase contract.
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