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Cheverly : Real Estate Advice

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  • Home Buying1
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Activity 32
Thu Jul 20, 2017
Kylahj2005 asked:
My family and I live in a small rental apartment on ground level and my husband has been trying to work up our credit score. We could only make up is a TransUnion score of 605 and an Equifax…
0 votes 0 Answers Share Flag
Thu Jun 15, 2017
Lwilliams491 answered:
When does the time begin in a seller's contract with the realtor? the day of signing or the day it is placed on the market?
0 votes 12 answers Share Flag
Mon Mar 6, 2017
Malcolm Lawson answered:
If you are looking to buy the first step is to talk to a lender. They can work with you on your credit to try and improve and talk to you more about if you would qualify for a loan and how much for. I have seen people who have bad credit but after working with a lender for a few months are able to improve it to the point where they qualify for a loan.

If you were to buy, what price range do you think you would be looking for?
... more
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Mon Mar 6, 2017
Malcolm Lawson answered:
Props to you for having such a good credit score. Your first step would be to reach out to a mortgage lender. He will be able to run your credit report, determine your debt to income ratio and from that determine how much of a monthly payment you can afford and from that determine your max loan amount. All of that should be free of charge. Your lender would make the decision of weather or not to include your in-laws rent as part of your income or not. If your first lender does that, then I would recommend talking to others,

If need an agent to help you find a home or lender, let me know.

-Malcolm
... more
0 votes 2 answers Share Flag
Thu Mar 2, 2017
answered:
Hello, I'm a mortgage professional.

Did you want to sell it to her using a mortgage ?

If so you can use a gift of equity as the down payment and a sellers concession to cover closing costs. This way no money will be needed for a down payment and closing costs should be covered as well.

If you have any questions or need help with the you are welcome to get in touch with me.
... more
0 votes 1 answer Share Flag
Fri Feb 19, 2016
Sally Grenier answered:
You should sit down with a local lender who can review ALL of your financial info. They're going to look at your income, credit scores, debt to income ratio, job history, etc. Also, you only need a minimum of 3.5% down for an FHA loan. I wouldn't necessarily take a loan from your 401K as that might add to your DTI? Your lender should be able to give you info on down payment assistance programs in your area, if necessarily. ... more
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Sun Feb 7, 2016
Crystalfinstad answered:
First of all, Houseofgifts, that is not how you spell Hyattsville.
Second of all, why are you pushing that house to go to auction, you wouldn't want me hoping that something bad happens to your house. ... more
0 votes 1 answer Share Flag
Wed May 27, 2015
buddy.stora asked:
I have a contract on a home that has a Vivint Solar Lease Agreement with 18 years left on it. The previous buyer backed out because of the solar agreement. The system supposedly saves money,…
0 votes 0 Answers Share Flag
Tue Jan 14, 2014
Lanre Folayan answered:
Hi Takeya,

Happy New Year to you by the way. Now you said that you are looking for a rental property within your kids school zone. What is the name of your Child's school? And how far from your child school are you looking to find a place to rent? You can also start your Hyattsville Home Rental Search here http://www.buyandsellnewhomes.com. Good luck. ... more
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Thu Oct 3, 2013
Mo Davis answered:
0 votes 2 answers Share Flag
Thu Oct 3, 2013
Mo Davis answered:
Another tip I give, is to ride through the neighborhood at different times of day to observe
0 votes 4 answers Share Flag
Thu Sep 12, 2013
Charity Iheagwara answered:
You may be charged a late fee. The rent should be paid to the court instead in a case like this. You need to contact an attorney for specifics.
1 vote 4 answers Share Flag
Wed May 8, 2013
KEITH PARKER answered:
Hello jajohnson,

Whether this is your primary residence or investment property, that might not be a good idea. It could hurt you in the long run. There are to many other good buys. Good luck! ... more
0 votes 3 answers Share Flag
Thu May 2, 2013
answered:
Good evening Keisha,

First steps:

Meet with a Local Mortgage Banker to get prequalified for mortgage financing. The Mortgage Banker will review all facets of your loan request to answer your questions with regards to the types of loans and maximum loan amounts you could qualify for.

Line up a Home Inspector. A good home inspector will scare the heck out of you: that's what you pay him for! But you'll concentrate on the fundamentals of the property: roof free of leaks, plumbing, heating and electrical up to code and in good working order. Again, when you make an offer and you have your Home Inspector ready to go, your offer will be considered with much more interest by a Seller because you truly have your "ducks in a row" and your preparation demonstrates your serious attitude about conducting the purchase transaction in a timely manner.

Find an experienced Local Realtor who works in your desired shopping area. A serious pro Realtor will refuse to show you homes until you are Prequalified for mortgage financing. Don't take offense! That Realtor doesn't want you to be disappointed and wants you to have a smooth experience as you shop for your new home.

Put together your Team of real estate professionals and shop 'til you drop!

Trevor Curran
NMLS #40140

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
... more
0 votes 4 answers Share Flag
Mon Mar 11, 2013
Akil Walker answered:
Hi Venus,


If there is an opportunity and I am sure an investor would consider this opportunity. Feel free to contact me if you are interested in me connecting you with cash purchasing investor ... more
0 votes 10 answers Share Flag
Sat Aug 25, 2012
The Roskelly Team answered:
Foreclosure are always sold "as-is". The bank hasn't lived in the house and certainly can't attest to any past or potential future issues. Likely, their only contact with the house has been through a real estate agent or appraiser who is representing them. Unfortunately this would be an issue for you to handle. ... more
0 votes 8 answers Share Flag
Sat Aug 25, 2012
The Roskelly Team answered:
Hi Jam,

There are many programs available, but a review of your full financial picture and particular areas of interest would be needed to determine which ones would be options for you. Let me know if I may be of assistance. ... more
0 votes 6 answers Share Flag
Fri Aug 24, 2012
Akil Walker answered:
A good price always will bring you more than enough buyers.
0 votes 10 answers Share Flag
Thu Jun 14, 2012
Darryl Fraley answered:
Do you have to have a rental licence to rent out your house in Prince George's Maryland
0 votes 6 answers Share Flag
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