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Home Buying in 91402 : Real Estate Advice

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Activity 3
Fri Jun 24, 2016
Yes I help foreign buyers all of the time. The lenders that will make the loan do require a large down payment. of between 30-50% The difference has to do with your ability to prove income, also the rate is higher with the lower down payment loans. Once I know your situation I can arrange the perfect loan for you. I can only do loans in CA.

If you want to buy a home in Los Angeles or Orange County, I can put in an offer on the home for you and arrange the financing unless you are paying cash.

You can contact me by email or by phone 714-421-1037. That is my cell phone so you can reach me after hours.

Thank you so much.

Licensed by the California State BRE # 01080071
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Mon Sep 14, 2009
Robert Chomentowski answered:
That does not sound in compliance with FHA rules. Usually there is only a 1% origination fee and then a loan processing and underwriting fee. You can have "discount points" in addition to the origination fee only if you have decided to buy the interest rate down below par rate.

But if the "mortgage brokers fee" of 1% is in addition to a 1% origination fee, and is NOT a discount point, then yes that is NOT allowed on an FHA loan.
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Wed Aug 12, 2009
April Tavares answered:

I think Rob is correct it is hard to judge without knowing details of your transaction. However, you are well within your right to ask. Ask for a detailed explanation of what the fees cover, especiallly for those fees that appear vague like "administrative" fees. Put them on notice that you're paying attention.

Good Luck with your home purchase,
April Tavares
Realtor, DRE License #01742179
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