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48304 : Real Estate Advice

  • All10
  • Local Info2
  • Home Buying5
  • Home Selling2
  • Market Conditions0

Activity 10
Dan,  in Bloomfield Hills, MI
Wed Jan 27, 2016
Dan asked:
Under the category for what type of home it states "Unspecifid type" instead of residential. How can I have this updated?
0 votes 0 Answers Share Flag
Pam Bava, Real Estate Pro in Rochester, MI
Fri Jan 11, 2013
Pam Bava answered:
No they are not, you have to get all of your questions answered and if you did not know about this before the offer was agreed upon, you may want to consult an attorney. Alsom go to the city offices check out the property there. Be sure of he facts before making your final decision.

Good luck
... more
0 votes 1 answer Share Flag
Stephen Conn…, Real Estate Pro in Birmingham, MI
Fri Sep 23, 2011
Stephen Connolly answered:
gman,
What is the street. Or click on the link. thank you
0 votes 2 answers Share Flag
Patrick Sams…, Real Estate Pro in Centreville, VA
Mon Jun 14, 2010
Patrick Samson answered:
Hey Oscar,

That's exactly right, the program is called DU refi plus. There are several things you'll need to check to make sure your're qualified. The most important is was the loan a Fannie/Freddie product.

Best of Luck! -Pat
... more
0 votes 2 answers Share Flag
Anu Gandhi, Real Estate Pro in west bloomfield, MI
Mon Dec 28, 2009
Anu Gandhi answered:
Conventional is the best way to go if u are putting 20 % ,to avoid PMI
Good luck

Anu gandhi ( Associate Broker)
Real Estate One-FH,MI
0 votes 7 answers Share Flag
Tommy,  in Fort Lauderdale, FL
Tue Dec 9, 2008
Tommy answered:
The FHA loan program was created to help increase homeownership. The FHA program makes buying a home easier and less expensive than other types of real estate mortgage home loan programs. Some highlights of the FHA loan program are:
• Minimal Down Payment and Closing Costs.
• Down payment less than 3% of Sales Price with 100% options.
• Gift for down payment and closing costs allowed.
• No reserves or required.
• FHA regulated closing costs.
• Seller can credit up to 6% of sales price towards buyers costs.
• Easier Credit Qualifying Guidelines such as:
• No minimum FICO score or credit score requirements.
• FHA will allow a home purchase 2 years after a Bankruptcy.
• FHA will allow a home purchase 3 years after a Foreclosure.
These advantages of the FHA loan program has made it one of the best options for most first time home buyers as well as move-up home buyers.
You do not have to be a first time buyer to obtain a FHA loan, anyone may use a FHA loan as long as you do not have more than one FHA insured loan at any one time.
http://www.fhamortgageprograms.com/mortgage/fha-loan-program.shtml
... more
0 votes 5 answers Share Flag
Maureen Fran…, Real Estate Pro in Birmingham, MI
Sun Jun 29, 2008
Maureen Francis & Dmitry Koublitsky answered:
Disclose whatever you know. It is the best way to go to protect yourself in the future. If there are issues with the house now, you might want to consider repairing them before you put the home on the market. ... more
0 votes 6 answers Share Flag
Ann Byer, Real Estate Pro in Commerce, MI
Fri Nov 23, 2007
Ann Byer answered:
The answer really depends on the property, the location of the property and the history of the property. Also, when doing further research it also depends on just how low you are able to obtain the property. If you can buy the property for less than 1.6 mil than of course the answer is no its not a good buy. When choosing a mortgage company be very careful and choose A plus money. ... more
0 votes 7 answers Share Flag
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