Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Buying in 19475 : Real Estate Advice

  • All6
  • Local Info1
  • Home Buying4
  • Home Selling1
  • Market Conditions0

Activity 3
Wed Jan 23, 2013
Nick & Trudy Vandekar answered:
Many of the banmks as already stated refuse to turn these on at their cost. The PAR agreement of sale does say already that all systems need to be turned on for inspections, however, the banks often attach an addendum that over rides this.

Ask your agent to call and see if they can get the turned on, sometimes they insist you pay for it and must use their contractors. It is one of those situations where the banks seem to have the power, but it is always worth trying to negotiate.

Just decide if you cannot get it on, are you willing to walk.
... more
0 votes 2 answers Share Flag
Mon Sep 5, 2011
Faith LaRosse answered:
Gerald, don't be discouraged. While securing a mortgage with a 613 credit score could be very challenging, you may not be very far from raising that score with alittle positive effort- and it may not take as long as you might think. Your credit score won't be the only thing that is looked at. Such things as your debt to income ratio will be very important as well. But, I always tell my clients, information is power-KNOWING your situation and facing it head on is the first step to your dream of home ownership! ... more
0 votes 4 answers Share Flag
Wed Aug 10, 2011
Dawn Kummerer answered:
Good morning Gerald!

You possess a great philosophy of if you can't afford it, don't buy it! If all thought that way we would most likely not be looking at the upside down mortgages that people have managed to get themselves into. You mentioned outstanding bill, can you clarify that please? Does that mean it is an overdue bill?

If you are sincere in your interest to buy a home, it would behoove you to sit down with a loan officer to determine what you may need to do to improve your score by a minimum of 7 points. Trident Mortgage, Larry Long and Jason Ashe have helped other clients of mine with identifying what the consumer needs to do in order to boost their score. Sometimes it is literally over just a few months. If you'd like to reach out to them, you can reach them at 484-875-2550 or 2570. If email larry.long@prufoxroach.com or jason.ashe@prufoxroach. com.

The loan officer will also take into account what they call your Debt to Income Ratio (DTI). So again, I would feel that it best you speak with someone you can trust to collect your income information and your liabilities to determine your DTI. Depending on the loan program an acceptable DTI may vary.

You will also want to refrain from credit inquiries until you know specifically from the loan officer your financial strategy to be a new home owner.

I would liike to be more specific but without more info it would be imposible to give you more information.

Have an awesome day! If ther is anything that I can answer futher please let me knw. I am always happy to help.!
Dawn
... more
0 votes 1 answer Share Flag
Search Advice
Search

Followers

130