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Home Buying in 27513 : Real Estate Advice

  • All22
  • Local Info1
  • Home Buying11
  • Home Selling3
  • Market Conditions0

Activity 10
Wed Dec 4, 2013
Noel Temple answered:
Most buyers I work with are primarily concerned with location, whether it be for schools, work, shopping, hospitals or RDU. If the homes have the right amount of beds and baths, people don't seem to get too worked up over the yard sizes or the cosmetic features. Location, Location, Location!! ... more
0 votes 2 answers Share Flag
Wed May 29, 2013
answered:
Good morning agency_position,

We see many credit reports with low credit scores (anything less than 620), and often many scores in the 500's. This is BAD credit. If you are one of the folks affected by this terrible economy, you have a low credit score and you have a dream of buying a home, here's some simple advice for you.

It is unlikely you could be approved for mortgage financing with that credit score at this time.

Beware of any mortgage professionals promising you an approval with such a low score. Wait on buying a home. I recommend you take the time to resolve your credit issues.

First, settle any outstanding debt. If you owe money on collection accounts, charge-offs and/or judgments, make payment arrangements and get these accounts paid promptly.

Next, begin rebuilding your credit. If you have current accounts with good payment histories, or even some previous late-payment-blemishes, make sure you continue to pay those accounts on time. If you do not have any existing credit accounts then you'll need to establish several in order to create a viable credit history.

I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website.
http://www.consumer-action.org/

Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams. Find more from the FTC HERE.
http://www.consumer.ftc.gov/articles/0058-credit-repair-how-help-yourself

The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.

The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.

Trevor Curran
NMLS #40140

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
... more
0 votes 2 answers Share Flag
Thu Jul 19, 2012
Michael Colvin answered:
Hello
I would reccomens Starkey Mortgage, they are local Audra Ange 919 491 8369
I would always compare 2 lenders, my other choice would be a local bank.
Michael
0 votes 9 answers Share Flag
Wed Jul 18, 2012
Linda Jandura answered:
First you will need to talk to a lender. He/She will look at your numbers and let you know what amount of a mortgage you will qualify for and what your payment will be.
Next, talk to a Realtor. (I can help, of course!) I will let you know that looking for anything in Cary under $100,000 will limit you to the low end condos.
There's lots more to talk about and learn. Feel free to call or email me if I can help.
Linda Jandura
Linda@lindajandura.com
919-621-1691
... more
0 votes 4 answers Share Flag
Tue Jun 19, 2012
Tracy Santrock answered:
In some parts of the country a 2-Car garage is a liability. In this area as long as you have a garage you are ok for resale purposes.
0 votes 12 answers Share Flag
Wed Jun 1, 2011
Cynthia Glover Smith answered:
Hello, Can you send me the address or MLS number for the home in question? It did not appear so I am not able to see what home you are looking at to find out what type of garage it has, if any. Thanks, Cindy ... more
0 votes 2 answers Share Flag
Tue Feb 8, 2011
Nil Basu answered:
Remember seller's agent is looking out for the builders interests only! I recommend that you hire a buyers agent to represent you, (In NC this service is free to you). The buyer agent you hire, should look into all your options. They should help you pick and choose option you want and also consider when you sell it later - what options might be beneficial. Also research the area, location is very important. Call me if you have any questions in building your dream home! I have experience in building our personal homes in the past.

Nil Varinca, REALTOR, SFR, ASP
Keller Williams Realty Cary
201 Shannon Oaks Circle, Suite 101
Cary NC 27511
919 882 3292 Office | 919 272 8796 Mobile | 919 459 6867 e-Fax
www.NilRealty.com
NilVarinca@kw.com
... more
1 vote 15 answers Share Flag
Fri Feb 4, 2011
K.C. McLaughlin answered:
Andrew,

I spoke with my lender Jim Moore of 1st Capital/Wells fargo in Cary to get an answer for you. Jim Moore's information is listed below if you would like to speak to him directly.

The following documentation is required:

When the subject property has been owned for at least 12 months:

• The borrower’s prior year complete and filed Federal individual tax return

including Schedule E.

When property has been owned less than 12 months and is not reflected on

the borrower's most recent, filed Federal individual tax returns:

• Copies of the present signed lease(s).

I would love to help you find a home in Cary and if you are looking to move in the next three months, you should begin your search now. Have you narrowed down where in Cary you would like to live? Please call me at 919-609-7463 or email me at KC@KCMcLaughlin.com with any questions and to begin your search. It is a great time to buy with prices down and interest rates so low!

Sincerely,

K.C. McLaughlin
Broker, REALTOR, e-PRO
919-609-7463
KC@KCMcLaughlin.com
www.KCMcLaughlin.com


Jim R. Moore
Mortgage Consultant
1st Capital Mortgage, LLC
An Affiliate Of Wells Fargo Home Mortgage
MAC M5533-011
51 Kilmayne Drive Ste 100
Cary, NC 27511
(919)469-6558 Tel
(866)715-2961 Fax
(919)523-9979 Cell
Jim.R.Moore@1st-capitalmortgage.com
www.homeloans.com/jim-moore1
... more
0 votes 10 answers Share Flag
Mon Aug 4, 2008
Diana Braun answered:
Hello Matt:
Thank you for posting your question. Our firm Ammons Pittman GMAC Real Estate has been in the area over 33 years helping customers with their real estate needs. We have offices in Raleigh (which is where my office is located), East Wake, Wake Forest, and Apex. We also have Ammons Pittman Property Management Division to help with situations just like yours. Their direct number is (919) 790-5455 ask for Jason, Beth, or Melynda and they can share with you the fees and a list of the exceptional services they provide for the homeowner. If you would like to begin your search for this home, reach out and contact me at the link below and I would be glad to offer my services. Have a fantastic day! ... more
0 votes 6 answers Share Flag
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