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Financing in Holmdel : Real Estate Advice

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  • Local Info5
  • Home Buying20
  • Home Selling5
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Activity 4
Thu Jul 5, 2012
Joan Congilose answered:
Most likely they are lines of credit, home equitiy loans or refinances on the property
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Thu Jul 5, 2012
Joan Congilose answered:
You can check your documents from when you closed on your house or call your attorney or title company. If all else fails you can go to the hall of records in your town and look it up.I don't think your life insurance has any relation to your mortgage but your homeowners insurance company definitely does ... more
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Fri Nov 5, 2010
Ellen Keak answered:
A buyer with 30% down is not necessarily better than one with 20% down and a seller needs to be properly educated regarding that particularly in these tough financing times. When the creditworthiness of the buyer is evaluated by the lender they are also looking at credit scores, long term job stability, profession, source of down payment and a cash reserve position remaining after closing.
As a former underwriter, I can tell you that I have seen many strong// buyers with less down payment. An agent who really knows the business is able to communicated the nuances of what makes a strong deal to a seller and help them intelligently make a informed decision as to which deal is truly in their best interest.
Education is power.
... more
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Tue Jun 9, 2009
Dan answered:
hi Jane,

FHA would be a good option if you are a first time home buyer... meaning not having owned a home in last 3 years. It would need a score of 620 to qualify.
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