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Home Buying in 60402 : Real Estate Advice

  • All29
  • Local Info4
  • Home Buying11
  • Home Selling1
  • Market Conditions1

Activity 11
Wed Dec 9, 2015
Jimzwerman answered:
How can ,you a void , closing cost ?
0 votes 8 answers Share Flag
Mon Feb 23, 2015
Ben Rivera answered:
Was this a closing by Hubzu? Some companies charge fees like this. Similar to when agents subtract a portion of their commission. You can counter offer the fee or contract the client to pay the difference. Good luck ... more
0 votes 4 answers Share Flag
Sat Jul 19, 2014
Hilda Rosas answered:
Hilda Rosas/Real Estate Managing Broker

Want to buy a property now? you can take advantage of the Welcome Home Illinois program, and receive up to $7,500 for down payment and closing cost. Also, There are other programs that can help financially first time home buyers. You need to qualify!!!. Feel free to call me for more information.

Hilda Rosas/Real Estate Managing Broker
773-485-5480
... more
0 votes 3 answers Share Flag
Sat Jul 19, 2014
Hilda Rosas answered:
Hilda Rosas/Real Estate Managing Broker

yes, it is possible to buy a house with an ITIN number in Illinois. There is an excellent conventional loan for ITIN numbers. Call me for more information and details.

Hilda Rosas/Real Estate Managing Broker
773-485-5480
... more
0 votes 6 answers Share Flag
Fri Sep 20, 2013
Alexander Romo answered:
Absolutely not. This has nothing to do with it. The type of programs you're being qualified for does.
FHA requires 3.5% down and can be gifted from family.
There are others that require only 1,000 or 1% of the sales price.

For and financing questions, feel free to contact me.

Alexander Romo
Senior Vice President Mortgage Lending
The Federal Savings Bank

312-738-8430

Free pre approval, click below
Www.AlexanderRomo.com
... more
0 votes 2 answers Share Flag
Fri Sep 20, 2013
Alexander Romo answered:
A contract is executed when earnest money is collected.

For any financing questions, feel free to contact me.

Alexander Romo
Senior Vice President Mortgage Lending
The Federal Savings Bank

312-738-8340
For a free pre approval, click below

Www.AlexanderRomo.com
... more
1 vote 3 answers Share Flag
Thu Aug 2, 2012
Bubbles asked:
if bank denies modification wont extending the years on your mortgage to 40 yrs then 30 help? or how low can a bank lower the interest rate on your mortgage?i wonder do banks really want…
0 votes 0 Answers Share Flag
Mon Jul 2, 2012
Jim Simms answered:
Two years and counting, but I don’t see that you have ever actually listed your home for sale,

Jim Simms
NMLS # 6395
JSimms@cmcloans.com
Financing Kentucky One Home at a Time ... more
0 votes 3 answers Share Flag
Mon Feb 20, 2012
John Potter answered:
The owner decides short sale yet the bank must approve and may not. A bank forecloses and they decide to sue the owner for non payment of mortgage. The owner decided not to pay mortgage. ... more
0 votes 1 answer Share Flag
Sun Feb 12, 2012
Dino answered:
hey rocky, i have had the same issues with realtors. everyone says it is a tough economy yet the reattors seem to have given up. i have had numerous emails with realtors about buying property and they take days, if not weeks, to return a message. they all seem to have the mindset that people are having a hard time getting the financing and they may be wasting their time showing them properties for sale. some of us buyers just want to be able to make an offer but can not get anyone to return a email. lets be honest, it is not that busy out there that an agent can not return your contact within 24 hours. any longer than that and i know they will not hustle for me when the time comes. do a little research and you will see tons of agents out there are leaving the industry. maybe the ones left behind will learn a lesson. the client is paying you thousands of dollars, return the call!! ... more
0 votes 10 answers Share Flag
Sat Feb 28, 2009
Christina Moscinski answered:
FHA

You may by:
1) You can get a gift downpayment from family to cover the required 3.5%.
2) Seller can contribute up to 6% to your downpayment
3) Nehemiah downpayment, no-repayment - Seller signs contribution document. find out more at http://www.getdownpayment.com/hec.cfm

And yes, it is true you will have to show reserves. Meaning, you have to have that money in your account to prove you have the downpayment. But depending on the deal, you should get it back as credit/check at closing.

If you can afford to buy a home, YES I would advise to do so as rates are very low 5.25%.

Just make sure it is a loan you can handle. A good loan officer should help you with the guidelines and affordability ratios.
... more
0 votes 18 answers Share Flag
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