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27614 : Real Estate Advice

  • All17
  • Local Info0
  • Home Buying6
  • Home Selling2
  • Market Conditions0

Activity 15
Sun Oct 9, 2016
Ginbri0716 asked:
i want a house with 10 sqare feer
0 votes 0 Answers Share Flag
Mon Sep 26, 2016
Chris Martin asked:
Thu Jun 16, 2016
ktarduaa asked:
Thu Oct 8, 2015
Victory Property Management answered:
There are a few loans that will wrap in the renovation costs into the purchase price and finance them together. Here are the few that I know of:

Wells Fargo Purchase & Renovate Loan. You will have to check and see if this loan is still available with Wells Fargo. Here is the link: https://www.wellsfargo.com/mortgage/home-improvement-loans

Home Path Renovation Loan: This is only available if you purchase a FannieMae foreclosure. Here is the link to their information: https://www.fanniemae.com/content/fact_sheet/homestyle-renovation-factsheet.pdf

The most common is the FHA or HUD 203(k) just watch the interest rate and mortgage insurance. It can be a killer. http://www.fha.com/fha_article?id=37

There are others that are offered by local banks, but these are the most common.
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0 votes 2 answers Share Flag
Tue Oct 6, 2015
Amelia Robinette answered:
You can go to www.annualcreditreport.com to obtain a free copy of all your credit reports. You will have to pay a fee to get the score, but you'll be able to see if there are any issues or things that you should correct before applying for a mortgage.

Most credit agencies (Equifax, Transunion, Experian) have websites where you can pay to get your score and credit report. Pulling your own credit does not affect your credit score or count as an inquiry against you.

When you apply for a mortgage, it's considered a 'soft' inquiry so that shouldn't cause you any issues either. You can have multiple mortgage lenders pull your credit in a short time period (w/in 30days I think) and it won't hurt your score.

Do you have a down payment? You'll need approximately 5% of the sale price to cover minimum down payment plus closing costs. You may want to look into down payment assistance programs in your state/county/city. A good mortgage lender can help you find the programs that fit your situation. Google Connecticut Frist Time Homebuyer Down Payment Assistance - look for government websites, not advertisements from lenders to get the best starting info.

I've attached a link to some information about the home buying process that you might also find helpful.
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0 votes 1 answer Share Flag
Tue Jul 14, 2015
answered:
I can help as long as your score is 580+

Please email me at egroussman@homepointfinancial.com

Thanks
Ed
1 vote 2 answers Share Flag
Tue Jan 27, 2015
Sharon Baldwin answered:
It's a great area , I live a few minutes from that location . Not too busy in my opinion . Appreciation in North Raleigh has always been good .
Call me if I can be of help!
Sharon Baldwin
(919) 669-6644
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0 votes 5 answers Share Flag
Mon Aug 26, 2013
answered:
Hi! If you need someone who can handle even a lower credit score on VA, we go down to 600 middle score. Oh FHA down to 580.
0 votes 6 answers Share Flag
Thu Sep 20, 2012
Emily Erekuff answered:
Hi Bob,

The answers below are correct. Though Trulia allows you to make personal notes about homes that you're following, you can't make public comments about properties at this time. If the home in question is your own, you should speak with your agent or broker about updating the listing description and details.

Best Wishes,

Emily Erekuff
Community Moderator
... more
0 votes 3 answers Share Flag
Tue May 15, 2012
Tammie Jones answered:
0 votes 5 answers Share Flag
Wed Jul 27, 2011
Rachelle answered:
Hello,
I would like to say that all of Raleigh is like any other state... it have good areas and some bad areas. Southeast Raleigh have teachers, lawyers, and professional people living there. 27610 zip is a very good area in the southeast of Raleigh and I think if you can find a house or whatever you are looking for to accept Section 8 voucher, would be a very good area to start. North Raleigh has some bad parts too!!! I resent the previous person because I grew up in Southeast Raleigh with great morals and values. Its not all the time where the particular neighborhood is... but what you make of it when you live there!! Alot of Realty companies are not accepting Section 8 vouchers. I am looking now myself and it isn't easy at all finding a place that will accept it. ... more
0 votes 5 answers Share Flag
Thu Dec 30, 2010
Dallas Texas answered:
Depends on how much the difference maybe ? When you are ready to sell perhaps home increased in value OR have you thought about leasing?

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
... more
0 votes 8 answers Share Flag
Thu Aug 19, 2010
Thomas Bohlmann answered:
Greetings.

Speak to a mortgage lender. They will have Credit counseling programs that are very helpful.
Using one of the so called credit repair programs maybe more detrimental then helpful. If these Credit repair programs charge you for their services, that MAY be in violation of NC laws too.

In most cases a middle score of 640 is needed. There are programs and lenders that will work with you if you have a 620 and down to 580, if credit scores are improving.

The biggest factors are paying off debt, and back payments. Making your current payments on time and continue on time.

Being a veteran can help. There are specific veterans programs to help you purchase a home.

Good Luck

Tom Bohlmann
Allentate Realty
919-434-4100
... more
0 votes 5 answers Share Flag
Mon Apr 20, 2009
Dana Schuster answered:
if you are not represented by an agent,you can't list here,but you can use the blog section to advertise & upload pictures.
0 votes 1 answer Share Flag
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