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Financing in Braintree : Real Estate Advice

  • All60
  • Local Info3
  • Home Buying11
  • Home Selling0
  • Market Conditions1

Activity 8
Thu Oct 2, 2014
Michael Suffoletto answered:
That is a great offer if it's real. Unless you are eligible for a HARP refinance, 92 LTV/CLTV on a 2 family is a rare find.
0 votes 1 answer Share Flag
Thu May 30, 2013
Tony Maziarz answered:
I'm sure the lenders can find some way to do this for a vet.
0 votes 10 answers Share Flag
Thu May 30, 2013
Tony Maziarz answered:
Thu May 30, 2013
answered:
Hi Danielle,

Just to add to what Mr. Raymondo said:

It's not just the I-9 MOP code and the problem it creates with the automated underwriting system that's an issue. Every underwriter in the country views a 120 day late on a mortgage as a foreclosure which has been the case for a number of years (even before the market crash this was the case) so even if the credit report doesn't show the I-9 code an underwriter will see the 120 day late & automatically "down grade" or deny the file. What this means is unless the borrower can get the 120 day late deleted, he will be forced to qualify for the new loan under the foreclosure guidelines which vary from program to program. FHA requires 3 years from the 120 day late to be eligible while VA only requires 2 years. Fannie Mae/Freddie Mac require 7 years.

John Burke
Senior Mortgage Banker
Peoples Bank & Trust Co.
(877)228-9069
... more
1 vote 3 answers Share Flag
Mon Mar 12, 2012
answered:
Hi R,

It's pretty typical for builder's to offer incentives for using their preferred lender and in this case, Pulte owns their own mortgage company so they're trying to make money on every aspect of your purchase.

Doesn't it strike you as a conflict of interest to buy a home from a builder while being coerced into using their preferred lender, their preferred title attorney/company and on their terms?

Shop around and go with gut.
... more
0 votes 3 answers Share Flag
Tue Jul 6, 2010
David Zybin answered:
Wells Fargo is a major player in VA lending.
You can also get helpful information on VA site:
http://www.vba.va.gov/ro/manchester/lgymain/loans.html
0 votes 5 answers Share Flag
Wed Dec 9, 2009
Maria Marchand answered:
Your realtor should be able to provide you with all new assessments and any increases in condo fees for the next 12 months. If not call me and I will help you with this. Your Personal Realtor Maria Marchand ... more
0 votes 3 answers Share Flag
Tue Oct 21, 2008
Scott A. Nelson answered:
You should also consider the possible tax issues regarding your mom living in your home rent free. You'll probably need to consult a tax professional as well as a real estate attorney.
0 votes 5 answers Share Flag
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Financing in Braintree Zip Codes

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