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Home Buying in 90254 : Real Estate Advice

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  • Home Buying3
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Activity 3
Wed Nov 7, 2012
Irina Karan answered:
You can rescind your original offer.
You can modify it (have to initial those changes, so all should be in writing).
You can stay put on the amount as well.

However, if the bank countered only 1K lower, this usually means that you either have to accept their
offer or pass on this property (don't waste your time).

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
... more
0 votes 9 answers Share Flag
Thu Aug 30, 2012
Irina Karan answered:
1. Run your credit report in one company and get the copy of it - with 3 credit scores on it.
2. Call several mortgage pros that are recommended to you by your agent, friends and family.
3. Ask them to provide a Good Faith Estimate of their costs.
4. Tell them your "story" of employment, tell them what your scores are, assets etc.
Ask how much you qualify for. A good mortgage person will be realistic, not overly optimistic,
and will point out good and bad of your situation - and the ways to "prepare" and correct your
financial profile, if need be.
5. Ask a lot of questions, and soon enough you'll be speaking the mortgage lingo
6. Amongst the knowledgable agents, ask what rates and APR they have - on the same day,
preferably same hour. Same note rate with lower APR is your guy/gal.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
... more
0 votes 12 answers Share Flag
Mon May 28, 2012
marie horowitz answered:
My recommendation is to carefully review the existing paperwork to see if there is room for compromise -if not, review the comparables and decide from there. Good luck!
0 votes 13 answers Share Flag
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