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Financing in Carrollton : Real Estate Advice

  • All163
  • Local Info11
  • Home Buying39
  • Home Selling10
  • Market Conditions7

Activity 6
Tue Aug 11, 2015
Kenji Inui answered:
As mentioned a 203k loan has the repairs built into the final cost so she wouldnt need to bring in extra. Contact me if you would like some more info.
0 votes 2 answers Share Flag
Sun Jun 14, 2015
Thierry Abel answered:
Claudia,

How much Equity do you have in the property?

How come you do not have a social security #?...What kind of Visa do you have, what is your immigration status?

Cheers
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Sat May 10, 2014
Rob Weber answered:
A rehab loan is what you'll need to get your pool. You're looking at the balance of your mortgage plus the cost to install the pool vs the AFTER improved value of your home, avoiding the common issue with a Home Equity Line of Credit (HELOC) where a credit line is being opened to you off the current value of your home or a cash-out refinance that's based on the current value of your home as well!

If you'd like further detail on these loans, contact a Renovation Specialist (myself, another member, etc) to review your particular situation.
... more
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Thu May 8, 2014
Kim Benedict answered:
No one can tell the future, yet the market is soft at the moment, so we don't feel there will be huge amount of mortgages going through the next few weeks. If you have a good agent they will help push it through and stay on the time frame. ... more
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Thu Apr 25, 2013
Curly Sue answered:
Ivan - rarely does a buyer ask for less than the bank will approve. Sounds like you are conservative - that's good - I'll bet you have a great credit score! You don't have to borrow as much as a bank is willing to lend. :) ... more
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Mon Apr 22, 2013
Kenneth "Kenny" Bebensee answered:
Talk with your lender. That should clear it up.
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