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Financing : Nationwide Real Estate Advice

  • All724K
  • Local Info60K
  • Home Buying265K
  • Home Selling46K
  • Market Conditions26K

Activity 21,414
Sat Nov 4, 2017
Stacy Turner answered:
I have a home and 5+ acres in the beautiful mountains, $30,000 + in upgrade appliances. It is I a large MH but no slab/ Concrete, animal friendly, Asking 179,000. Free and clear mortgage would rather sell cash, or. owner finance with large down or Rent. Horses, dogs, cow approved, completely fenced, 6 ft high wall, professional dog runs, beautifully grassed front in spring and summer. Large back porch set-up for spa if wanted. 2 car garage+ oversized additional 2 workshop W commercial air compressor and additional 3+ car rock shop or enclosed barn. Electric gate, garage door opener, blacktop, roads county maintenance. Right off of I-40 but quiet and secluded. Prime,1 of kind lot. What would you suggest for rent, to finance short term\ fair amount down, or chances of a buy out ... more
0 votes 2 answers Share Flag
Sat Nov 4, 2017
Frank S. answered:
You may consider 5% down jumbo from a minimum 720 fico score up to 1.5m and 10% down jumbo from a minimum 660 fico score up to 2.5m. Check out the web reference link below, they are licensed in AZ... ... more
0 votes 29 answers Share Flag
Fri Nov 3, 2017
Willynelson answered:
Yes, but Generally the Government Loans(USDA, FHA, VA) have a good “par” rate and the cost of “Buying Down” the rate wont result in a significant monthly savings. Call Noel Bachmann, “Texas Best Loan Officer” @ 214-532-4770 and he can explain further ... more
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Fri Nov 3, 2017
Nanatena72 asked:
Especially someone that has VERY EXTENSIVE CRIMINAL HISTORY?? Just a man angry that his Father passed away of a massive Heat Stroke at age 45, and he went crazy, but there is no excuse…
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Fri Nov 3, 2017
Frank S. answered:
Hello Jessica, you would be able to qualify in April as your student loan would show delinquent in CAVAIRS until then. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the purchase.

Lease purchase options usually want 10-15% down that is a non refundable deposit. Do you have 10-15% down? You should study RENT vs BUY listings to compare payments and qualifications.

The rentals in Baytown start from $585 for 1bd 1ba apt and the single family homes start from

The purchase in Baytown start from 32k for 1bd 1ba condo and the single family homes start from 55k for 2bd 1ba home. You may qualify to buy and pay less than rent in Baytown, TX.

You may qualify for FHA 3.5% down with a minimum 580 fico score and 3% down conventional from a minimum 620 fico score. Lenders go by the middle score of the three bureaus so one score is missing. Check out the web reference link below...
... more
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Thu Nov 2, 2017
Jpotter92 asked:
can my lender request the child support order if it no longer shows as garnished from my check?
0 votes 0 Answers Share Flag
Thu Nov 2, 2017
Marsha Umansky answered:
Hi Bryan. I had several clients who used VA loans to buy their homes in Florida and we had no problems or aggravations. Your realtor needs to be in communication with your VA loan officer and structure your offer in a right way to avoid or minimize your losses. Don't get discouraged. Va loans work fine. ... more
0 votes 25 answers Share Flag
Thu Nov 2, 2017
Lotoya answered:
I have also contacted SPYGENIUS. HACK@GMAIL. COM and my score was improved perfectly to 850, i am very happy now i can purchase a home soon, he is the best repairer that what i will say because i have contacted so many that have failed me but finally he saved me
so get to him if you have any issue with your credit score also
... more
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Wed Nov 1, 2017
Frank S. answered:
Hello Jalvaleo, it may depend on the date of purchase as the FHA PMI now stays for the life of the loan. What interest rate do you currently have as we may be able to do a streamline refinance that lowers your rate and payment. Check out the web reference below... ... more
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Wed Nov 1, 2017
Jalvaleo asked:
Tue Oct 31, 2017
NJB asked:
We have a 1990 double wide manufactured home on a lot that we really like. We owe about $100,000 on the manufactured home. Our goal is to someday remove the manufactured home and build.…
0 votes 0 Answers Share Flag
Tue Oct 31, 2017
Lizsoares47 answered:
Hi my name is Elizabeth Soares husband Derrick. We made a fast move to Atlanta GA. Imy husband is a truck driver.. Myself and kids are in a hotel so need a place asap please. But we have a eviction on us. Can some help ... more
0 votes 4 answers Share Flag
Mon Oct 30, 2017
Mfischman answered:
Hi - I know this is an older post but I still wanted to chime in. There are many considerations when selecting a mortgage professional.

Obviously rates and fees are important. The loan "structure" also has a large impact on the overall cost of the mortgage. You have to consider the term of the loan (30 year vs. 15 year), type (conventional vs. FHA), any mortgage insurance requirements and their cost, if one mortgage makes the most sense or breaking things up into a 1st / 2nd mortgage is more beneficial, etc.

The other piece of the puzzle is the overall service levels such as the availability of loan officer during non-traditional hours, the speed and turnaround times, the underwriting flexibilities, etc. The abilities of the individual loan officer you work with is just as important as the lending institution they work for. It's like anything else where there are "good apples" and bad apples"

A good place to start is to ask people you know, who recently purchased a home, what their experience was like. If you are working with a Realtor they can make recommendations as well.

Another great resource is to look at online reviews. These are available on sites like Zillow, Google, Facebook Yelp, etc.

And last but not least, having a phone or in person conversations with the loan officer will help as well. As great as technology is, you're still working with a person. You can get a much better sense of the loan officer's abilities and temperament by having a genuine human interaction with them. Texting, emailing and interacting with a website simply don't give you this insight.

I hope this helps you and/or anyone else reading this in making an informed decision.

Matt Fischman NMLS#196605
Mortgage Loan Originator @ loanDepot
619 Alexander Road, Suite 101 Princeton, New Jersey 08540

Phone: 609-786-2485
Cell: 908-500-0891
mfischman@loandepot.com
https://www.loandepot.com/mfischman

Zillow Reviews - https://www.zillow.com/lender-profile/m%20fischman1/
Yelp Reviews- https://www.yelp.com/biz/matthew-fischman-loandepot-princeton
Google Reviews - https://www.google.com/search?q=mattthew+fischman&oq=mattthew+fischman&gs_l=psy-ab.3..0i13k1l9j0i13i30k1.2513.2513.0.2768.1.1.0.0.0.0.131.131.0j1.1.0....0...1.1.64.psy-ab..0.1.130....0.k6ineyPp6ak#lrd=0x89c15217d1528e63:0x2247cccc712a71f8,1,,
Facebook Reviews - https://www.facebook.com/pg/MattFischman196605/reviews/?ref=page_internal
... more
0 votes 9 answers Share Flag
Sun Oct 29, 2017
Frank S. answered:
Hello Seve, you may consider FHA 3.5% down from a minimum 580 fico score and FHA 10% down with fico scores between 500-579. What state are you looking to buy in? Check out the web reference link... ... more
0 votes 1 answer Share Flag
Sun Oct 29, 2017
Frank S. answered:
There is a portfolio loan which is ONE DAY after a foreclosure, short sale or deed in lieu. Check out the web reference below...
0 votes 3 answers Share Flag
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