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Chesterfield : Real Estate Advice

  • All61
  • Local Info8
  • Home Buying17
  • Home Selling0
  • Market Conditions1

Activity 36
Thedr1ven1, Home Buyer in Chesterfield, VA
Thu Jul 21, 2016
Thedr1ven1 answered:
Hello there. I can answer your questions....I've been in the mortgage business for 32 yrs and am a senior myself almost. A Reverse Mortgage is just liquidating a portion of your equity into tax-free cash and getting paying off your current mortgage. Right now with any other type of mortgage, you are leaving yourself open to losing your home. It only takes 2 missed payments now, and banks can start foreclosure proceedings. Regular mortgages and Home Equity lines are very dangerous for someone that's on a fixed income. A Reverse is also called a Home Equity Conversion Mortgage....HECM. They are the ONLY way to protect your most valueable asset...your home.
They get a bad rap because noone understands them that isn't in the business. Right now they are 95% of what i do. To most people they don't make sense. They think you're signing over the title to your home....which is false. You stay on title the entire time. If you have a spouse, your spouse is protected also...guarantying that you both can live in your home for the rest of your lives.
You're young at 62...you're a still a baby. You're entitled to 52.4% of the appraised value of your property. The older you are, the higher % you qualify for. Because you're so young, if you decide to own a 2nd home, that's fine. You may decide to sell your home. If that's the case, your title company will ask us for a payoff at the time of sale, the remaining equity is yours to take with you. I'm Carol Lynne ...I'm a paper girl ...I like to see numbers in front of me. Call me I can give you numbers ...the most IMPORTANT thing is that you have the facts to make a responsible decision. I'm an originating Branch Manager , i work 24/7...I'm happy to just give you the numbers or answer questions. Call me anytime...all my clients do, so you're not bothering me. I'm in Richmond, VA but I'm licensed in many other states too. Reach out to me...I'm happy to help. 703-622-4682
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0 votes 2 answers Share Flag
Amelia Robin…, Real Estate Pro in Falls Church, VA
Mon Feb 1, 2016
Amelia Robinette answered:
trends will change in 15 years - do what works for you. the tile you're talking about actually looks a lot better than laminate, and will stay cleaner and more durable than carpet.
0 votes 1 answer Share Flag
Lakeshabattl…, Both Buyer and Seller in New York, NY
Mon Jan 18, 2016
Lakeshabattle607 asked:
Ruth and Per…, Real Estate Pro in Los Gatos, CA
Wed Nov 4, 2015
Ruth and Perry Mistry answered:
Regret the issues.

No point writing here on this board.

Work with your lender.

Put up signs, Not In Foreclosure, Do Not Trespass...
0 votes 3 answers Share Flag
Angela, Home Buyer in Richmond, VA
Tue Sep 15, 2015
Angela asked:
Hello all,

I've finally got a ratified contract for a home and am hoping to close mid-October (conventional loan w/5% down in a PUD w/a HOA). I've studied the loan documents,…
0 votes 0 Answers Share Flag
Gerald Vonbe…, Home Buyer in Jackson Springs, NC
Thu Jun 4, 2015
Gerald Vonberger answered:
Good choice! Siding looks great and if you treat it right, it'll last a long time. As far as finding a contractor at a reasonable price, I'd say it definitely depends on how big your house is and what type of siding you're going to get. You definitely don't want to go with the cheapest, though, since they'll probably cut corners. However, a nice middle-priced contractor should do the job well. http://www.allstategutter.com/siding/ ... more
0 votes 7 answers Share Flag
sfdavis2, Home Buyer in Midlothian, VA
Wed May 20, 2015
sfdavis2 asked:
Ryan K Kruit…, Real Estate Pro in Holland, MI
Sun Feb 15, 2015
Ryan K Kruithoff answered:
You need to adjust the PRICE, CONDITION OR MARKETING by the agent! Look closely at those 3 things. Ryan K
0 votes 11 answers Share Flag
Peggy Boucha…, Real Estate Pro in Richmond, VA
Sun Feb 15, 2015
Peggy Bouchard answered:
Hey Scott - if you're looking, or thinking about looking at homes, it's probably time to start interviewing buyers' agents.

What should you ask them? Ask them for an MLS printout of their sales, check their reviews here on Trulia, ask them for references from buyers who bought in your price range and ask your friends who have bought a home who theyused and if they would recommend them?

Best of luck in your home search!
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0 votes 4 answers Share Flag
The Graveline…, Real Estate Pro in Longmeadow, MA
Wed Feb 4, 2015
The Graveline Group answered:
Have you checked homeloansforall.com yet? They might be able to help you.
0 votes 4 answers Share Flag
Gary Swank, Real Estate Pro in Pittsburgh, PA
Sat Jan 31, 2015
Gary Swank answered:
Yes you can sell a house you are still making payments on.
0 votes 4 answers Share Flag
Peggy Boucha…, Real Estate Pro in Richmond, VA
Thu Jan 29, 2015
Peggy Bouchard answered:
First of all, welcome tot he neighborhood - Richmond is a wonderful area to live, work and play in!

As to schools - you may want to check out Greatschools.org as a way to rate your options - what one family may see as an awesome school may be a dreadful option for another family, so do your research and get the info you need to make a good decision.

Where are you interested in living? If you know where you're working, then you can start to explore the different options within an acceptable distance from your work!

Again, welcome to the area!
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0 votes 2 answers Share Flag
r sadler, Home Owner in Chesterfield, VA
Sun Aug 17, 2014
r sadler asked:
QUESTION,SHOULD I SEE, MY HOUSE AND RENT A CHEAPER PLACE AND USE MY EQUITY TO HELP MAKE ENDS MEET ! HARD DECISION,i can not make it on the ss with my insurance so high, suggestions please
1 vote 0 Answers Share Flag
Anna M Brocco, Real Estate Pro in Williston Park, NY
Sun Feb 23, 2014
Anna M Brocco answered:
In case you weren't aware, Google searches and Google Maps for directions/distance are wonderful things...
1 vote 1 answer Share Flag
Scott Morgan, Real Estate Pro in Colonial Heights, VA
Thu Oct 24, 2013
Scott Morgan answered:
Hi Lesa,

Please send me your address via email to sdmorgan42@gmail.com and I will send you a current market report.

Thanks, Scott
0 votes 5 answers Share Flag
Scott Morgan, Real Estate Pro in Colonial Heights, VA
Thu Oct 24, 2013
Scott Morgan answered:
Bryant, I would be happy to do a comparative market report for you. email me at sdmorgan42@gmail.com or visit my website www.cvrealtor.com. Thanks, Scott Morgan
0 votes 2 answers Share Flag
Scott Morgan, Real Estate Pro in Colonial Heights, VA
Thu Oct 24, 2013
Scott Morgan answered:
Hi Nana, Contact your local Realtor and gas company. Wish I could be more help. Scott Morgan
0 votes 2 answers Share Flag
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