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Financing in 85283 : Real Estate Advice

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  • Home Buying16
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Activity 5
Thu Sep 17, 2015
Karen Peyton answered:
An appraisal fee is not refundable. However since you paid for the appraisal, it belongs to you so make sure you get a copy. It will show the homes the appraiser used as comparables along with information about your home. Check to be certain the info is accurate. People are human and sometimes mistakes are made (e.g. you have a pool AND a spa, but only the pool is shown).

Best of luck!
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Thu Jul 9, 2015
Terri Club answered:
I had a client who wanted to buy a home in Arizona, but he had a foreclosure. After researching the web I found a loan program at www.cfsflex.com, they allow a mortgage after a foreclosure or short sale. There is no waiting period. Contact them now. They might be able to help you out. ... more
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Wed Feb 13, 2013
Roswell Moore, answered:
I see you asked this question back in September, but I do want to bring something to your attention...

You stated that the properties have been in your family for generations. If you own these properties free & clear, then you should be able to finance up to 10 properties. The key word here is "financed" - so if you own more than 10 properties, but only 5 are financed, you have room for 5 more financed properties.

Please feel free to contact me directly if you have any further questions, I'd be glad to help.

All the best,
Ros

Roswell Moore, CMPS
Certified Mortgage Planner
480-422-5095 direct
http://www.ezAZloan.com

We are a Direct Lender, Mortgage Bank where we originate, process, underwrite, fund, AND SERVICE our loans, in-house, with FHA (starting at a 580 score AND still only 3.5% down), FHA Streamline refinance loans (NO minimum credit score, NO appraisal required) Go Green rehab loans, HomePath, Investor Friendly (10 financed properties), VA, VA Refinance loans (NO appraisal required on IRRRL loans), USDA loans, Jumbo loans, Conventional loans, plus, we allow Escrow Hold-Backs!
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Fri Dec 14, 2012
Eli Flores answered:
Can I get a refund on my appraisal deposit if the appraisal wasn't performed.
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Mon Oct 1, 2012
SquidSquid answered:
I guess, if my talking to a bank and giving them information and my credit card number constitutes asking them permission to charge me for appraisal and credit report (and apparently they've ordered those already) and run an application for me absent any signatures on my part (and there's no way to get that money back) I might as well let them continue and come up with a commitment letter and see the exact terms?

Except...I was told by a friend that one bank, if it sees another bank working with you, will pull their commitment? Her son had actually worked with the same exact banks A and B that I am working with, and Bank A had rescinded/backed out of their commitment letter when they found out he had also applied to Bank B? So she cautioned me against doing anything with Bank B if I think Bank A will come through....

As for the GFEs, bank B had estimated transfer taxes that was more than twice the other. No descriptors, except that the loan officer told me today that that # apparently included state taxes? Isn't there a standardized method of what's included that banks should be using, especially for an item like transfer taxes?
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