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Home Buying in 19120 : Real Estate Advice

  • All48
  • Local Info4
  • Home Buying31
  • Home Selling7
  • Market Conditions0

Activity 30
Mon Jun 9, 2014
Jessica Aggson answered:
Hi Brenda,

Owning a home is a very rewarding feeling. However coming up with the down payment can be tough for some people. My advice to you would be to contact a local lender to see what you qualify for and to see the different loan programs they offer. There are some 100% financing programs out there that might work for you.

The best of luck to you.


Thanks,
Jessica Aggson
(Recently featured on HGTV's show House Hunters)
Re/Max Parkside Real Estate
805-610-3536
JessicaAggson@gmail.com
... more
0 votes 2 answers Share Flag
Thu Apr 17, 2014
Itsawg asked:
Mon Apr 7, 2014
Noah Seidenberg answered:
You should check out this web site:
http://www.homepath.com/
They can provide their own financing which is a great deal.
Good luck
0 votes 2 answers Share Flag
Mon Apr 7, 2014
Chad Bahnsen answered:
Hello, It's possible if your realtor negotiates the price for you. Homepath is great program if your house qualifies. For more information contact me and you can also visit www.homepath.com
I'd be happy to pre approve you.. Chad
... more
0 votes 3 answers Share Flag
Sun Mar 30, 2014
Paula Raymond answered:
There are lots of places online that will give you an instant quote for renter's insurance. Try State Farm, GEICO and/or Allstate. These companies usually have store-front agents in all neighborhoods as well! ... more
0 votes 2 answers Share Flag
Sun Mar 30, 2014
Philip J. Cunningham Sr answered:
Is a REO program call me for more info

Philip J. Cunningham Sr.
Market Force Realty
801 W. Street Rd
Feasterville, PA 19153
866-993-8585
267-934-1971
PhilCunningham2004@yahoo.com ... more
0 votes 1 answer Share Flag
Wed Mar 19, 2014
Hilary Lefkowitz-Karaman answered:
Itsawg,

There is no easy way to answer this question. Just like everyone's definition of a 'good thing' is different, so is every experience with a bank-owned home. There are pros and cons to purchasing a bank-owned property and it depends on your individual situation. I have worked with many foreclosed properties and I would be happy to share my experience with you. Feel free to PM me and we can further discuss this.

Best,
Hilary

Hilary Lefkowitz Karaman
Weichert, Realtors
Investment Specialist
Director's Club
... more
1 vote 2 answers Share Flag
Sun Feb 16, 2014
Philip J. Cunningham Sr answered:
Did you find someone to work with yet? the reason I ask is you asked for info and you have not replied to me except for free info Please let me remind you to get anywhere you need to start working with your own agent and not people on the internet with every question you have again if you want my help please call me on my cell phone which you have done in the pass Your next step is to engage with just one agent To answer this question it depends on the house
Philip J. Cunningham REALTOR
... more
0 votes 1 answer Share Flag
Fri Feb 7, 2014
Philip J. Cunningham Sr answered:
NACA.com

Philip J. Cunningham Sr.
Market Force Realty
801 W. Street Rd
Feasterville, PA 19153
866-993-8585
267-934-1971
PhilCunningham2004@yahoo.com
0 votes 1 answer Share Flag
Tue Feb 4, 2014
Nancy Turbyfill answered:
It can be one of the places you search for a home, but I would recommend you connect with a qualified Buyer's Agent from your local area to best represent your interests. They can help you navigate through the numerous steps, documents, and procedures Fannie Mae requires for purchasing homes through homepath.com. Good luck to you! ... more
1 vote 7 answers Share Flag
Fri Jan 17, 2014
Marie Richardson answered:
The city offers free housing counselors here's the link to their website http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?searchstate=PA&filterLng=&filterSvc=&filterMultiState=&searchName=&searchCity=Philadelphia&searchZip=&searchService=&searchLang=&searchAffiliation=&webListAction=Search ... more
0 votes 1 answer Share Flag
Mon Jan 13, 2014
Alexis Jeffries answered:
Hi Itsawg,

The only program I've heard of is the Philly Home Buy Program. Your Employer would have to be a participant in the program too. You can ask questions at 215-683-2126 to get more information.

WITHOUT A GRANT:
In general, a FHA Loan would require only 3.5% down of the purchase price of the house.
For Example: $80,000 home purchase would require $2800 down payment.
Closing Costs: Normally, a Buyer can ask for a Seller Assist from the Seller of the house to help you pay your closing costs.
You can possibly buy with $5,000 Total with a Seller Assist.
Even with a 1st Time Buyer Program, you will have some amount of your own cash available.

Gratefully,
Alexis Jeffries
Liberty Bell Real Estate
Office Number: 215-885-3332
Direct Number: 215-237-4147
Email: alexisjrealestate@gmail.com
... more
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Sun Jan 12, 2014
Tony Knittig answered:
We have lenders that work with buyers at 580 or better. Keep in mind, if building a new home, that process takes 4-5 months. We help with getting you on track by putting you on a game plan that will get your score where it needs to be by the time the house is completed. Check out www.stonewater.agentmarketing.com for details and contact information and I'll be glad to help you. ... more
0 votes 5 answers Share Flag
Sun Jan 12, 2014
Tony Knittig answered:
Yes, we have lenders that can help you acquire grants and financing programs for low income buyers. Call me at 314-575-1024 if you would like to get some details.
0 votes 1 answer Share Flag
Wed May 1, 2013
Philip J. Cunningham Sr answered:
Please have your agents call me since neither the phone number listed above is not connected nor does the number for Methodist Family Services ring


Philip J. Cunningham Sr
V.I.P. Realty Corporation
7942 Bustleton Ave
Philadelphia,PA 19152
215-725-5700X49
philcunningham2004@yahoo.com
... more
0 votes 1 answer Share Flag
Mon Apr 22, 2013
Philip J. Cunningham Sr answered:
So what is the question?

Philip J. Cunningham Sr
V.I.P. Realty Corporation
7942 Bustleton Ave
Philadelphia,PA 19152
215-725-5700X49
philcunningham2004@yahoo.com
0 votes 1 answer Share Flag
Tue Mar 5, 2013
Philip J. Cunningham Sr answered:
There are a few types of sales and the all are at differnt days durning the month. As I said before becareful and get advise from an Agent who knows what 5they are talking about. Call me at 215-725-5700 X49 ... more
0 votes 8 answers Share Flag
Mon Feb 4, 2013
Trevor Curran answered:
Good morning strongsurvivor1,

Rent To Own is a better deal for the Seller than it would ever be for a potential Buyer.

The basic concept is finding a way to "force" savings towards a down payment by including a portion of the monthly rental that goes towards that savings. You pay your rent every month and your Landlord deducts a pre-determined amount to hold in a special bank account, called an "escrow" account. Your Landlord holds that money until you have saved up enough---through this "forced-savings" method---to meet a down payment to purchase the home.

The terms of the purchase price, including the down payment amount, and the amount to be set aside from the rental for down payment, are all set down at the time of lease signing.

It's all about helping the renter/tenant save up enough money for a down payment to buy a home (in this case, the one you're renting). But this is a better deal for the Seller because he gets to lock in a purchase price and a buyer today for a future sale.


Saving money for a down payment? Well, heck, you can do that on your own.


If you are dedicated to the idea of buying your own home, you can create your own savings plan to save up enough money for a down payment. And when you have saved up enough for a down payment, if that takes a year or two or more, YOU get to decide on the price you're willing to pay for the house at that time based on current market conditions. You won't be locked in to a price that may be a lot higher than what the house is worth in the future.

With Rent To Own you'll be locked in both to the house and to the price, even if it takes you 3 years to save enough through the forced savings of the rent payments. What happens if three years from now your life situation has changed? Maybe you need a bigger/smaller home. Maybe your employment has relocated. Maybe your credit or income is insufficient to qualify for a mortgage loan.


Find a way to save up on your own; not with Rent To Own.


Sit down with a local Mortgage Banker and get yourself prequalified, too. You may find you're better qualified than you think you are, and, if you're not, at least you'll know how much loan your income and credit qualify you for, and how much you have to save towards down payment and closing costs.

Trevor Curran
NMLS #40140
... more
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