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91710 : Real Estate Advice

  • All24
  • Local Info0
  • Home Buying13
  • Home Selling5
  • Market Conditions0

Activity 24
Wed Dec 7, 2016
Psemercado asked:
3 bedrooms, 2 baths
0 votes 0 Answers Share Flag
Mon Jul 25, 2016
Rich Reed answered:
It's a matter between you and your Broker according to the terms of your listing agreement. We work to satisfy our clients, as do most other offices. Talk to your Broker right away!
0 votes 3 answers Share Flag
Thu Jun 2, 2016
Arpad Racz answered:
Hi,

You can call the agent ask ask for specifics about the buyer, ask if they are approved, and if he has an approval letter for them..

Arpad
0 votes 2 answers Share Flag
Thu May 12, 2016
answered:
Hello David, the rentals in Chino start from $1,700 for 2bd 2.5ba condo and the single family homes start from $1,980 for 3bd 2 ba home. The inventory is quite low currently but new inventory comes up daily.

There are 67 rental choices of 2-3-4 bd within a 10 miles radius of Chino from $1,200 for 2bd 1ba condo in Montclair and up. The single family homes start from $1,650 for 3bd 2ba in Pomona.

The purchase in the same perimeters are from 177k for 2bd 2ba condo in Ontario and the single family homes start from 219k for 2bd 1ba in Ontario and up. The payment would be approximately $1,500 to $1,600 monthly mortgage payment. You may qualify to buy with minimum out of pocket expenses than the first, last and security of a rental deposit.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

You will need to be pre-approved to be able to meet an agent to submit offers on homes of your choice. You will need to gather documentation such as one month paystubs, two month bank statements, last two year tax returns, 1040's, 1099's, W2's and all schedules, copies of drivers license/ID and social security card for each applicant.

Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down. You may consider a 3%-5% Sapphire Grant down payment program up to 417k from a minimum 620 fico score which does not have to be repaid.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and consider. Here are some links to study about me as well as web reference links to many loan programs...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA or CalVet loan specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252NMLS# 297251
760-486-4225
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com

http://youtu.be/MrygA2_8fAY
http://www.trulia.com/profile/SherylArndt
... more
0 votes 1 answer Share Flag
Sat Oct 10, 2015
Mario Alfaro answered:
Hi Tina,

Here's the answer to your questions:

1) the community in the college park area is safe. You can check out the crime stats here : crimemapping.com.

2) in regards to reselling, yes homes in this area do sell. The location, price, and amenities of the home will determine the saleabilty in the future should you decid to sell.

I hope this helps. If I can be of service, please don't hesitate to contact me: Alfaro.Realty@gmail.com

Good luck!

Mario
... more
0 votes 8 answers Share Flag
Wed Jul 15, 2015
answered:
When you got your FHA mortgage it was at a point where the MIP would fall off of there once you paid it down to a 78% of the appraisal value, when took out the loan. My first instinct was to say no, not to do it, but then I did the math.

So I went over the numbers and found that you save about $280 a month by refinancing with me. Now my rate is 3.875% with no closing costs (there is an appraisal deposit) and I am betting the other lenders have about $2500 in closing costs. So of course the numbers look much better with me than the other lenders you have called.

But your payment only goes down like that for about 6 years, after that the payment would be $75 more on the conventional loan. So you save about $20,000 at first and then slowly start giving it back.

Interestingly, the amount of cash outlay at the time your FHA would be paid off is about the same, but you would have 3 more years to pay on the conventional. So in some cases it would be better to not do it.

I am going to say you do refinance and here is why. If you take the $280 a month that you save during the first 6-7 years of the loan, and apply it to the pay off, it pays down the mortgage in 25 years. as opposed to 27 years you have now.

So if you pay down the mortgage or better yet put the $280 a month into a savings plan of some sort you come out way ahead.

Here is the problem, most people will just run out and spend the difference which means in 27 years the outlay on both loans is about the same and the conventional loan will still have three years left to pay. But perhaps with the lower cash flow, hopefully it will help keep you out of credit card debt.

Still with the time value of money, over the next 6 years you save about $20,000 by refinancing not even counting the tax savings. I would then advise doing the refinance, calling me and saving the extra $65 a month.

Another reason is that if you sell the house or refinance the house in the say 20 years or less you come out ahead by refinancing every time. Most likely you will sell or refinance in the 20 years. Using your other lenders you save less money and the numbers will not be as good.

To further go over the numbers call me at 714-968-2500.
... more
0 votes 5 answers Share Flag
Sun Nov 2, 2014
Nicole Fedorchek answered:
Hi, Bret-
I realize this question was from over a year ago, so I am wondering if you are ready to buy now? Interest rates are great, and its a good time of the year to purchase where competition is reduced due to the upcoming holidays!
Contact me today to get started !

Nicole Fedorchek, Realtor
Tarbell Realtors
714-914-597
realtornicolef@gmail.com
www.nicolefedorchek.com
... more
0 votes 5 answers Share Flag
Thu Sep 4, 2014
Larry Hodel answered:
I usually estimate closing cost for a Seller to be about 1% of the sale price + any termite work cost.
0 votes 5 answers Share Flag
Fri Aug 29, 2014
Anthony De La Cerda answered:
From what I have experience I would usually get a response in 2-3 days in a standard sale. It does depend on the type of sale (short sale, foreclosure, Etc.) sometimes moving on is difficult to do but it sounds like working with the sellers agent is gonna be difficult and your escrow experience may not be fun. ... more
0 votes 25 answers Share Flag
Fri Aug 8, 2014
Larry Hodel answered:
In my area of Chino Hills, we estimate prices have already increased approx 12% already this year. I believe they will increase slower next year.
0 votes 7 answers Share Flag
Wed Jan 22, 2014
Research answered:
You are right, Debra. it popped at me as "current" and did not read the date.

How is real estate in NJ?
0 votes 8 answers Share Flag
Tue Aug 13, 2013
Sally Ragan answered:
Lucia:

In the Preserve, there are houses you can purchase or lease. Normally, a lease is for a year. There tends to be flies because of the dairies close by. There are also Association Dues there depending in what builder built the house. The Tax Base is close to 2% to 2.25%.

I can help you with the lease or purchase. If you would like to call me so we can discuss further, my Cell # 909-938-7100.
... more
0 votes 9 answers Share Flag
Sun Sep 16, 2012
Maria Cipollone answered:
If you were entitled to a credit for the Community enhancement charge, it should be in writing on the addendums that were part of the sales contract. If it does not say so anywhere in the contract, means that the 3% that the seller paid wasn't enough to cover the HOA charges. Contact your real estate agent to find outmore details.

Best of Luck,

Maria Cipollone

www.Flahomespecialist.com
... more
1 vote 8 answers Share Flag
Fri Mar 23, 2012
Sally Ragan answered:
If you say its a Rental right off when qualifying for a loan, then you have to put 25% down. It does not matter if she lives there and rents a home because it is her primary residence.
0 votes 2 answers Share Flag
Wed Aug 10, 2011
Leticia Sotomayor answered:
Actually some banks are allowing tenants to stay for the remainder of their lease as long as the tenant cooperates and agrees to show the property to other prospective buyers duringthis time. Most banks want to cut their losses and sell the property right away but there are always other options especially for tenants. ... more
0 votes 5 answers Share Flag
Thu Apr 14, 2011
Leticia Sotomayor answered:
The best way to dispose of such property is by doing a short sale. You will need an experienced and qualified agent in your area to handle it and make sure it is done correctly with no recourse. ... more
0 votes 3 answers Share Flag
Sun Nov 7, 2010
Leticia Sotomayor answered:
The standard rate is usually 1% but I have seen a few at 1.5%. I would negotiate a better fee unless of course you absolutely love the home and want it at any cost.
0 votes 16 answers Share Flag
Tue Nov 2, 2010
Victor Quiroz answered:
We have 22 broker owned offices with one in Victorville. Check out corporate web page for a list of Prudential agents in the area.

www.pruCArealty.com
0 votes 4 answers Share Flag
Wed Sep 22, 2010
answered:
For legal advice contact an attorney.

The way I understnd this in California, all purchase money loans are non-recourse. But again, speak with an attorney. ..... Best wishe, Rudi
0 votes 7 answers Share Flag
Tue Sep 21, 2010
John Ortega answered:
The tax credit was for a home purchase. If you purchased within the allowed time as stated below on Emily's first answer, you should qualify for the tax credit even if you refi after the purchase. Just make sure to keep all important documents together as you may be asked to provide proof of all transactions. As previously stated by the first two answers, consult yor tax proffesional or cpa. ... more
0 votes 3 answers Share Flag
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