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Financing in 27705 : Real Estate Advice

  • All27
  • Local Info4
  • Home Buying9
  • Home Selling2
  • Market Conditions4

Activity 3
Jean (Zhihon…, Real Estate Pro in Cary, NC
Sun Oct 10, 2010
Jean (Zhihong) Fletcher answered:
This would be a great question to a mortgage lender. Please contact Robert Ruff at 919-524-6948 or Kevin Martini at 919-247-3700. I believe that you muhst have some income to start with.

Good luc,,

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Vivian Olkin, Real Estate Pro in Carrboro, NC
Fri Sep 3, 2010
Vivian Olkin answered:
If you meet the general requirements to get loans for 2nd homes or investment properties (good credit scores, money to put down, and solid income to support it) then most lenders will work with you. Lately I've been working with someone very good from Wells Fargo. I laugh because I've always hated Wells Fargo, but this guy is very good. 2 other mortgage brokers I really like:
Brian Kenedy from Integrity Mortgage
Jim Bulbrook from Carolina Home Mortgage

Personally, I like working with someone who also has investment properties and can explain options for the best use of my money. I have several investment properties in Durham and Chapel Hill/Carrboro.

Durham is a great place to live and to invest. It was just written up as one of the best places to invest in the US, which I've been saying for years when everyone wanted to invest in Chapel Hill. If you need help or just want to bounce ideas off of me, feel free to email or call.
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Bryan Yonish, Real Estate Pro in Durham, NC
Fri Jul 16, 2010
Bryan Yonish answered:
Interest vs. rent;
Locked into ownership vs. Freedom;
Slow sales in the Winter months vs. More sales in the Summer Season;

Homeownership is your best investment to build wealth. I see the best deals in Feburary when people are depressed about the lack of light and it is too cold to go outside. If you can hold out for a better credit score in order to get a better interest rate, do it. AND don't spend too much during the Christmas season. ... more
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