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20876 : Real Estate Advice

  • All10
  • Local Info1
  • Home Buying4
  • Home Selling0
  • Market Conditions0

Activity 8
Tue Aug 29, 2017
Omar asked:
Can I get a Home Loan with ITIN or Tax Id number in Maryland? Is there any Bank or Lending group available on these loans?
0 votes 0 Answers Share Flag
Wed May 11, 2016
Brittany Shaw asked:
We are willing to pay up to 2 months rent deposit or 1 month deposit and 1 month rent in advance. We are trying to move by May 31st. Please let me know if you are willing to work with…
0 votes 0 Answers Share Flag
Thu Nov 5, 2015
answered:
I have helped many families purchase homes through this program. It is a great program for people that have got back on the right track. I know all the details about the program as we have been offering it for over a year now. You need a 20% reduction in income for starters. You are welcome to contact me and I will be happy to let you know if you can get approved for the loan.

For mortgage help, call (855) 893-1177 or email for a free pre-approval in less than 10 minutes. We lend our own money and are licensed in 49 states and you can apply online at http://www.myccmortgagebn.com. We can do: FHA, Conventional, USDA, VA, HARP, Interest Only, Home Equity, Fixed, and Variable. Find out which product is right for you by calling Brad at (855) 893-1177.

Brad Neumann
Branch Manager
Crosscountry Mortgage Inc.
Phone: (855) 893-1177
Email: bneumann@myccmortgage.com
NMLS# 948036
... more
0 votes 8 answers Share Flag
Thu Dec 5, 2013
Alejandra Meyers answered:
Hi Ashley, a year is enough time and I would be happy to help you in your home search. I currently live in Germantown and I am very familiar with this area. The first question I would have for you is have your contacted a lender? Pls feel free to contact me with any other questions you may have and remember there are First Time Home-buyers programs available. My email is alejmeyers@gmail.com ... more
0 votes 11 answers Share Flag
Fri Sep 20, 2013
Lisa Plushnick answered:
Hi....It's interesting...people ask me this question daily. The first time homebuyers save on transfer and recordation taxes mostly. There are different programs out there, but the best way to save being honest is having a great agent negotiate the closing cost being paid by the seller etc. This way you have less out-of-pocket when you go to settlement. I specialize mostly with buyers and there are ways to strategically help cost-wise for my first time homebuyers. FHA, you put down only 3.5% at the minimum, Conventional is 5%, and there is a program a Preferred Lender I work with personally uses called HOC. It is only for Montgomery County buying and has to be owner occupant. They will pay 3% of your down payment on an FHA loan and all you pay is .5%. The closing costs can still be paid by the seller as well. This is at least a place to start. Getting pre-qulaified is the only place to start. This begins with a 15 minute conversation with a Lender and then they will ask for W-2's ,Tax Returns to verify, and do a credit check. I believe 640 minimum for FHA and 720 for Conventional, I hope this helps:) Lisa ... more
0 votes 16 answers Share Flag
Wed Nov 14, 2012
Alex Saenger answered:
Bruce and Laura touch on very important factors. First, if the sale is not professionally negotiated, the deal could last a VERY long time. Second, you need to know if you can afford buying the house, and that a lender is willing to lend you the money to do so. The other factor is the owner needs to show the bank a, "hardship." Just saying he doesn't want to be a landlord anymore may not work depending on the bank. So there are clearly more questions on this one than answers. The bottom line is you should have someone work with you on this. Either a Realtor or an Attorney. ... more
0 votes 6 answers Share Flag
Mon Feb 14, 2011
Corey Buck Mann answered:
I have to agree with Tim in that people will either love it or hate it. But I cannot agree with the opinion that it would be a non-issue. My experience is that the change in material finishes is something that the eye is drawn toward and it actually becomes "the issue". Giving rise above all else for a Buyer to comment on and discuss with others, "I wonder why they didn't do the pan"? The white pan will stand out, and in my opinion cheapen the overall renovation project. Aside from having to frame a new lip, install new rubber and then float the floor out for proper drainage; there is not a lot of extra involved. Dependent on shower size, this additional work would probably cost between $500 and $700, but you would want to contact a plumber for a true estimate. Depending on the porcelain you are using and the cost of the product, you may reduce costs by finding a smaller sized tile that matches. Hexagons are great in this application, but so is just running a square tile at an angle.

The improvement should not increase the price of your home, but it will improve the marketability.
... more
0 votes 3 answers Share Flag
Sat Oct 9, 2010
Dan Tabit answered:
Ddhp,
After checking one of my lenders sites, your second home would be at 75% loan to value or less, you'll need a 720 score or better and need adequate liquid reserves for both properties.
Different lenders may have different requirements, but this would likely be the case for major conventional lenders.
... more
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