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Home Buying in Augusta : Real Estate Advice

  • All116
  • Local Info14
  • Home Buying49
  • Home Selling5
  • Market Conditions1

Activity 69
Sat Dec 24, 2016
Scott Godzyk answered:
That is silly of that seller. It is average for a conventional loan to close in 30-37 days. Nowt sue why yours is so long. If finding another bank is not an option. Your offer should simply have a 60 day close in your offer. No need to ask ahead , just put it in your offer. You should have known that before making an offer to this GA home seller and if you did not and the contract states 30, you are stuck. Perhaps reality of withdrawing your offer within your mortgage contingency will shock some patience into that seller. Your buyer agent should be guiding you ... more
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Mon Jan 11, 2016
Solomon Greene answered:
Sandra,

We've seen all kinds of crazy legal things in and out of real estate. The best source for an answer to this question would be an attorney who has reviewed the contract. Your questions seems to require a legal opinion and we real estate agents are not allowed to practice law. ... more
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Fri Oct 16, 2015
Scott Godzyk answered:
You should meet with a local and trusted loan officer who can pre qualifiy you at no cost and let you know given your income and debt.
0 votes 2 answers Share Flag
Thu Oct 15, 2015
Chinyere Stallworth answered:
Well the market certainly is on an upward trajectory. I'm a realtor in the area Chinyere Stallworth for Keller Williams Realtor Westside. Contact me today for more home buying information. You can also go straight to my website. Www.realestateofmind.kwrealty.com and sign up to look for homes and prices right now for free. 3234120655. Hope this helps ... more
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Thu Oct 15, 2015
tulsaladylook asked:
Thu Oct 15, 2015
Amelia Robinette answered:
Most counties and states have first time homebuyer incentives available. Do some research - google your county programs, make sure you don't get pointed to lenders advertisements, go directly to your county or state resource. You should be able to find mortgage lenders on their sites that are familiar with their programs.

Most of these programs come with home-buyer seminars and education requirements. Take advantage of the classes they offer, you'll learn a lot and be in a great position to purchase.
... more
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Thu Sep 24, 2015
Jmcb88 asked:
When is the best time to consider buying a second home ?. Should you wait until your 1st home is paid off or when the balance is about $50,000. Would it be good idea to find a modest home…
0 votes 0 Answers Share Flag
Mon Jul 27, 2015
Drewid2000 asked:
doesn't. Why doesn't Trulia include information about what specific school a person would attend based on the address? Site is not very useful without it. Or maybe I'm missing…
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Wed Apr 15, 2015
Jeri Patrick answered:
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Thu Dec 4, 2014
Edward Maddox answered:
Mon Oct 27, 2014
Jayrogers1306 answered:
Please find this both link :

http://nvrural.org/homebuyer-services/home-at-last

http://nvrural.org/news/after-the-close-homebuyer-education
0 votes 42 answers Share Flag
Thu Sep 11, 2014
Jennifer Neal answered:
Walker,

As a mortgage lender pulls credit, the first thing that should be reviewed is the Summary of credit trade lines and accounts. Credit scores are most affected by the utilization of current credit.
However, scores are also impacted by past negative ratings, collections, judgements, etc. and will have a negative impact while these accounts are considered recent but can fade out over time as newer accounts are being reported.
It is not always helpful to pay off old collections, as scores can decline as the older information becomes newer information once the trade line is updated as "paid collection" or satisfied collection.

The answer to your question is no. Credit scores do not affect your down payment. They affect your ability to qualify for certain loan programs, which might require a minimum credit score.

A 700 credit score buyer can secure a home with an FHA mortgage loan requiring 3.5% down payment and a 640 credit score buyer can secure the same FHA loan with the same down payment requirement.

However, for a Conventional mortgage loan, a 640 credit score buyer will pay a higher interest rate and private mortgage insurance rate as opposed to a 700 credit score buyer- whether they put 5% or 20% down.
A 640 credit score will not guaranty a loan approval, neither will a 700 score guaranty approval.
Income sources and debt ratios are a major decision maker in the mortgage loan process and approval.

Credit scores will affect the interest rates and mortgage insurance rates you pay on a mortgage loan.

And I am glad to hear you have stellar credit scores. I would trust a local lender with internal processing and underwriting to handle your mortgage financing. Mortgage Insurance providers are competing for business and their rates are not equal. If your loan requires mortgage insurance, ask your lender who they purchase the mortgage insurance through and if they have multiple companies to offer you the best premium.

Jennifer Neal
Mortgage Loan Originator
NMLS#1136546
706-860-4200 office
... more
0 votes 6 answers Share Flag
Wed Aug 27, 2014
Gilbert Iarocci answered:
How has the house hunting been going? If you are still looking let me know. It takes a lot of time to build your credit, but with time it can happen. I have seen several people build their credit back after a divorce or medical issues. ... more
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Wed Aug 27, 2014
Gilbert Iarocci answered:
We're you able to find a home? While you have to be careful with any transaction , for many people a rent to own my be their only way to build up equity . To many things to think about in an email. If you are still looking let me know and I will see if anything fits your needs ... more
0 votes 3 answers Share Flag
Wed Aug 27, 2014
Gilbert Iarocci answered:
Did you end up buying a new home? I see where you live in Grovetown and I know the traffic into the fort can be a nightmare . Either way thanks for your service to our country
0 votes 4 answers Share Flag
Wed Aug 27, 2014
Gilbert Iarocci answered:
Did you find a home yet, many lenders are starting to be more aggressive in making home loans. Please let me know what you decided to do.
0 votes 3 answers Share Flag
Wed Aug 27, 2014
Gilbert Iarocci answered:
We're you able to buy a home in Augusta? If so let me know when you want to add to your portfolio. I can check on bank owned homes in your area.
0 votes 5 answers Share Flag
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