Trulia Community - Advice from neighbors and local experts

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

Financing in 91342 : Real Estate Advice

  • All40
  • Local Info4
  • Home Buying16
  • Home Selling4
  • Market Conditions0

Activity 3
Sun Jun 12, 2016
Derek Jones answered:
I'd advise not to listen to the unethical comment about going in conventional then switching it later. The purchase agreement that buyer and seller agree to mention the terms of financing and if you want to "switch" it later you are in breach of contract and seller doesn't have to agree to it.

Most of the time sellers do not want to deal with VA loans because there are certain cost buyers cannot pay for. Additionally va/fha the property has to be in a certain condition to pass appraisal and the seller may not be willing to do any repairs.
... more
0 votes 1 answer Share Flag
Fri Mar 13, 2009
"Back in the Day" FHA would allow you to remove a borrower with proof that the person staying on has been paying the payments alone using 12 months cancelled checks.

There are a few old school underwriters that will still do this, but they are hard to come by!

The chances of getting this done now are pretty slim to none.
... more
0 votes 4 answers Share Flag
Wed Dec 12, 2007
ian cockburn answered:
On my website, there are 2 calculators you can use that really help you gauge what the monthlies will be.. Look on the "Figure out the Money" page. Here is the link also.........

What you should do is generate the info off the calculators for different scenarios, and have your computer with this page open when talking to a mortgage broker...this way you can generate different scenarios depending on the interest rates, points, etc. they are quoting you.

Base your decisions on a fixed interest rate of 30 yr basis. Have this common denominator of numbers printed out. Then go from there. Remember to include your monthly costs of taxes and insurance, HOA, (home owners association) fees, etc. also!
... more
0 votes 2 answers Share Flag
Search Advice