Trulia Community - Advice from neighbors and local experts

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

36582 : Real Estate Advice

  • All5
  • Local Info0
  • Home Buying2
  • Home Selling0
  • Market Conditions0

Activity 5
Fri Apr 29, 2016
Haneyrealty1 asked:
Sat Feb 4, 2012
Jeri Patrick answered:
Getting Pre-Qualified for financing is the first step. That will let you know what your parameters will be for your purchase.
0 votes 7 answers Share Flag
Thu Mar 10, 2011
Mack McCoy answered:
Yeah!

So you're thinking that if the property sustains $125,000 worth of damage, you'll then pay off the mortgage and won't rebuild the home?
0 votes 4 answers Share Flag
Sun Feb 6, 2011
Rameh Khazen answered:
Hello!

I would definitely continue to pay the mortgage while awaiting the loan modification. If it doesn't get approved you would then owe a few months back payments and that could be impossible to pull out of. There are a lot of options if the loan modification doesn't work.

Have you ever at any time of the life of the mortgage ever paid a larger lump sum on it or made extra payments? I have seen banks lower payments and keep the rest of the terms the same by request and at no fee.

You could also try refinancing if your loan doesn't have good terms.

Lastly, you could downsize to a smaller home. I have sellers wanting to trade homes depending on what your home is like. Obviously, I am also a Realtor so if you need someone to sell your home, I could do that too!

Thanks,
Rameh Dickens
251-786-4673 or ramehtherealtor@gmail.com
... more
1 vote 2 answers Share Flag
Search Advice
Search

Followers

52