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Financing in Carson : Real Estate Advice

  • All97
  • Local Info12
  • Home Buying34
  • Home Selling2
  • Market Conditions3

Activity 8
Thu Sep 26, 2013
Rebeccatrulia answered:
Hi Joyclyn Brown

The interest rate you receive on your reverse mortgage loan will be to most important factor in determine how much you will be able to borrow/receive today and how much will build up over the course of the loan. Just as with a forward mortgage (think of a refinance) where you would want to secure a low fixed rate this is the same concept with the reverse mortgage.
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Wed Sep 18, 2013
barbara_shafii answered:
I was able to help my parents find the best reverse mortgage. This is a company which will compare the lenders and give us the best deal. and comparing lenders for the HECM reverse mortgage, I can honestly say that I could have saved all the headaches thanks to this company - reverse mortgage lenders direct. They are able to compare multiple banks/lenders so they were quick in giving me multiple quotes. They are really friendly and can ask them any question about the HECM program.
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Sun Sep 2, 2012
Michael Magaw answered:
I do know of a few programs run through non-profit corporations that allow for principal reduction. Contact me for details.
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Mon Aug 29, 2011
Caroline Choi answered:
It sounds to me like a VA loan might be a great way to go for you. You might also want to talk to a lender and figure out if you qualify for a CalHFA loan. Two good options for buyers hoping for a small or no down payment. Best of luck, Caroline ... more
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Sun Jun 5, 2011
Herb Vinegar answered:
You have options, I have a lender that may be able to help you with some low down options. Herb
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Mon Apr 18, 2011
Christy answered:
Of course, stay north of del amo and you will be fine
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Sun Jan 24, 2010
Hi Lenora,

Monique hit the nail on the head with her questions. Have already taken this loan & now looking to refinance?

An increase of 25 points is good, however you need at least a 620 mid-score as long as this is your primary residence.

Have you been in the same line of work for the last two years? You will most likely will need to.

Sounds like you have / had money saved to put down if you were approved for a hard-money loan - that is in your favor.

Contact a lender to see if you now qualify for a rate significantly less.

All the best,

Roswell Moore, CMPS
Certified Mortgage Planner
480-422-5095 direct
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Thu Dec 24, 2009
Michael Magaw answered:
You said your husband "put it on the market". Are you using a Realtor? If so, they should be able to get a copy of the title and explain this to you. What do you mean by "no name"? There should be the name or some person(s) or entity. If your realtor cannot explain this to you, then ask the escrow officer or title officer. If that does not work, ask for an explanation from the broker, whom manages your real estate agent. ... more
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