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Belton : Real Estate Advice

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  • Local Info0
  • Home Buying4
  • Home Selling1
  • Market Conditions1

Activity 14
Tue Sep 5, 2017
Kathy Burgreen answered:
A pre approval from your lender means how much your lender is committed to finance your home purchase. Example: If a home is $80,000., then your lender will give you the full $80,000. to buy the home. HOWEVER, if you want a home that is selling for $90,000., then either you need to pay the difference of $10,000. in cash from your savings account OR you need to negotiate with the seller and hope that the seller will lower their asking price by $10,000.
Bottom line - your lender is NOT going to give you $1.00 above $80,000.

This is why it's critical that buyers get pre approved BEFORE you look at homes to buy. As a former realtor, it's very sad to see buyers who desperately want a specific home before they are pre approved, then they are very upset that they can't afford it. Then they realize they need to lower their expectations and are stuck with something they did not want OR they keep renting until they save up more money for a better home.

You are smart to get pre approved first. Now you can look at homes up to $80K. Remember, your lender is NOT going to give you more money even if you find a house that is $81,000. Sorry, but you will need to pay the extra $1,000. Don't forget you have to pay for closing costs and moving expenses.
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Fri Jul 31, 2015
Jewely11 asked:
my house is not for sale but shows up on trulia and a couple other sites like it. How did my house get listed when I have never put it up for sale? How does a house get on there?
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Tue Jun 9, 2015
Jessica Bateman answered:
You can get an FHA Loan with a 598 score, your large down payment certainly helps. There are still some FHA Lender that can go down to a 580, they're just not easy to find. I have had a few clients get approved with The Lenders Network with scores in the high 500's. Check them out, if anyone can find you a lender to get your loan done, they can. ... more
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Mon Apr 13, 2015
cingetor asked:
Tue Dec 30, 2014
M_eckles89 asked:
Need to sell a 1979 redone trailer in Belton MO. Who buys these??
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Thu Mar 20, 2014
dadcr8 answered:
The schools in Belton are quite good in presenting an excellent curriculum for the students. The staff are well trained and committed to providing the students with a learning environment within which they can excel if they put forth the necessary effort. The school facilities are being updated and almost all structures are relatively new.

Our four children all graduated from Belton schools and all four did quite well in their chosen fields of study while in college.
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Tue Jan 14, 2014
Joe Ruhlman answered:
Hi there,

I have not worked in that neighborhood specifically, but I took a look at some listings for you on the MLS in Apple Valley and they are all showing $0 HOA fees. Because of this, I assume there is no home owner's association in that subdivision.

Let me know if you have any other questions and I'd be happy to help.

Best Regards,
Joe Ruhlman
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Tue Jan 14, 2014
builderb33 answered:
Is there a homeowners association in the Apple Valley subdivision?
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Fri Sep 27, 2013
Michelle Gibler answered:
I agree w/ both Garrett (paying off debt may not necessarily be the most beneficial thing to do) and Darin (get a good mortgage person). Finding the right mortgage person is like finding the right doctor; if you don't like what they say ... find another one! I would highly recommend NOT going to your local bank, but going to several places who only do mortgages! I have several that I refer clients to every day that can get you pre-approved for a CREDIT SCORE as low as 580! GO AHEAD ... DO YOUR HAPPY DANCE!!! ... more
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Fri May 17, 2013
Michael Cheng answered:
As far as I know, all homes are sold "as is". It's in every standard California purchase contract. So, having the "as is" wording added on the counter doesn't change anything.

I'd be really interested to know if any state has a reps and warranty clause in their home purchase contracts. Now that would blow my mind. ... more
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Sun Apr 7, 2013
Gary and Karina Youngman answered:
Verbal Agreements are generally binding - Sometimes difficult to prove.

However - Specifically the sale of Real Estate requires written documentation.

I would be cautious when dealing with leases; as they may be treated differently.

I am not an attorney and would suggest consultation.
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Sun Sep 23, 2012
Hi Renedosier,

If you're only approved for a $50,000 mortgage you may want to look into the USDA Direct mortgage since they can subsidize the mortgage through below market interest rates. By subsidizing the mortgage, you should be able to qualify for a higher purchase price which will give you more options.

Call the local office in Temple on Monday and ask about the USDA Direct mortgage.

TEMPLE, TX 76501-7602
(254) 742-9700
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Mon Apr 30, 2012
Lonnie Branson answered:
More often than not it will. The nature of your job and compensation structure will be the two critical factors. Feel free to reach out to me directly for a no-cost pre-approval/evaluation.

Lonnie Branson
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