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18102 : Real Estate Advice

  • All17
  • Local Info4
  • Home Buying9
  • Home Selling0
  • Market Conditions0

Activity 14
Mon Oct 3, 2016
Aejandrinoconcepcion asked:
Thu Sep 13, 2012
willemselena answered:
Lehigh county sheriffs sale list. Hope this helps.
0 votes 4 answers Share Flag
Thu Sep 13, 2012
Bob Berner answered:
Sounds like a mistake to me too. If you want to give me the address I can look it up for you.
0 votes 2 answers Share Flag
Thu Aug 2, 2012
Andrea Decker answered:

As the President of the Lehigh Valley. I can tell you the best place to look is

Hope that helps!

Please feel free to call or email with questions!

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0 votes 2 answers Share Flag
Mon Jun 4, 2012
JAddamss answered:
@Keyana - I'm by no means an expert in the mortgage industry, but my inclination is to say that you'd have trouble getting a loan. If your FICO scores range from 596-603 this is basically considered a "D" and bordering on an "F" on an A-F grade scale.

If you were able to get a loan, you'd be looking at a high interest rate. You didn't specify if 596 is your score and 603 is his. If one of you has a score higher than 603 you could apply for a mortgage individually rather than together. With a higher score, that would greatly increase your odds of approval.

That said, if you're both looking at scores around 603, I'd work on improving your credit first and saving up. If you can put 20% or more down, that's going to look a lot better to potential lenders.

Best of luck to both of you!
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0 votes 3 answers Share Flag
Wed Feb 16, 2011
Hi, Rondokye

In all my years of doing FHA mortgages, I've never heard of such a thing. You have been misnformed. As a result of your life change, you neither have to sell or refinance your home unless you wish to. Your FHA loan will remain unchanged. The person that told you this is either horribly misinformed or simply trying to get you to line his/she pocket with a needless refinance.

If you do wish to refinance and that home is still your primary residence until your marriage and move, you can still refinance via a FHA streamline.
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1 vote 9 answers Share Flag
Thu Jan 21, 2010
Anne Kohls answered:
Hi Natalie,

It depends.... (Don't you love that answer)! If you are writing an offer on a privately owned home, it isn't too late. If you are considering a foreclosure, it probably isn't too late. This would depend on how quickly the bank responds to you. Finally, if you are considering a house that is listed as a short sale, it could be too late. It depends on who holds the mortgage, how many mortgages are there, has the short sale process been started, etc. ... more
0 votes 10 answers Share Flag
Mon Nov 16, 2009
Heather Moriah Martin answered:
Hello Joshua! Well, I did not get here fast enough. But this information is accurate...I can give you one more thing.

I have a free Home Buying Education just for Lehigh Valley Home Buyers at the below website...

Good Luck and Let me know if you would be interested in evaluating my Buyer Agent Services :-)
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Fri Oct 9, 2009
Matthew Tetloff answered:
No not all loans come with a prepayment clause. Every state has a limit on what can be charged as a prepayment, check with your state. I have seen many different forms of prepayment penalities ranging from 1 to 5%, 6 months of interest, etc. Lending Institutions use prepayment clauses to usually keep the loan in house to avoid losing the interest they make on the loans. FHA loans usually will not have a prepayment penality but if refinancing from a FHA loan to some other loan or maybe an FHA loan again, they do make the payoff of the 1st mortgage payable till the end of the month regardless what day you close on. Prepayment Penalities are usually a choice. Banks will usually give you a slighter lower interest rate if you have a prepayment penality, and slightly higher if you don't. I do not recommend prepayment penalities and find that rates are pretty low right now so it wouldn't be an advantage. I would reccommend staying away from them. Good luck and have a great day! ... more
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Fri Oct 9, 2009
Natalie asked:
Ive heard Alliance for Building Community here in Allentown does great work on renovating old homes, to look brand new then sell them to low-moderate income families, but can someone please…
0 votes 0 Answers Share Flag
Thu Oct 8, 2009
Dallas Texas answered:
GREAT however if government announced NOW extend many famlies will put off their search. till 2010. Government want homes to sale thru 11.30

It is a win win situation for many people. However most home buyers don't know you receive annual tax benefits owning a home !

National Featured Realtor and Consultant, Texas Mortgage Loan Officer, Credit Repair Lecturer
Follow me on Twitter:
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0 votes 3 answers Share Flag
Mon Oct 5, 2009
Brigita McKelvie answered:
Hi, Natalie!

First of all, Zillow is not a reliable source for comparables. I have seen homes on Zillow that are either under or over market value. The market value of homes are constantly changing. Therefore, a professional real estate agent will be better able to assist you in that sense. The current sold comparables will be used including the location and condition of the homes, which do make a difference. Also, when an agent does a comp, it does not inlcude foreclosures, which can bring down the value considerably.

Banks, in general, can no longer choose the appraisers. They are now computer generated and can be assigned to any appraiser that may be available. Sometimes, the appraiser may not be from the immediate area. They will use comps from the Multiple Listing Service and make adjustments to come up with the appraised value of the home. For example, if a home has a swimming pool and the subject property does not, an adjustment on the comparable home will be made. A value will be subtracted from the comparable property because the subject property does not have a pool.

Hope this helps clear up things for you.

Brigita McKelvie, REALTOR, e-PRO, GRI
Keller Williams Real Estate, Bethlehem, PA
Office: 610-867-8888 Direct: 610-393-9424
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