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Financing in Cleveland : Real Estate Advice

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  • Local Info36
  • Home Buying216
  • Home Selling39
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Activity 43
Tue Feb 21, 2017
Alo.bolton answered:
kiva is an international nonprofit,
founded in 2005 and based globally, with a mission to connect people through lending to alleviate poverty. loans rate is 5.5% interest rate.

WITH NO UPFRONT OR ANY SORT OF PREPAYMENT FOR A LOAN

Mail communication at (kivacorp @ web. de)

Bless up..
... more
0 votes 1 answer Share Flag
Sun Feb 19, 2017
Lauren asked:
We have the financial means to save through our income before closing and also have a 401k we could borrow from. We were planning to do a 5% down conventional loan. There seems to be a lot…
0 votes 0 Answers Share Flag
Sun Feb 19, 2017
Lauren asked:
Or, can I show that we have the means from income to save enough to cover closing costs before closing? We also have a 401k we can borrow from.
0 votes 0 Answers Share Flag
Mon Feb 6, 2017
Frank7619 answered:
anyone interested in investing 25K for a return of 40K in 2 weeks
0 votes 5 answers Share Flag
Fri Dec 9, 2016
Isaiah Y. answered:
Try contacting Home Loans For All. We've sent quite a few clients to them and they've been great. You can reach them at (888) 540-0280. Hope this helps!

Best of luck!
1 vote 6 answers Share Flag
Sat Aug 1, 2015
Malekfinancials answered:
Attention!!!

Do you have a bad credit?
Do you need money to pay bills?
Do you need to start up a new business?
Do you have unfinished project at hand due to bad financing?
Do you need money to invest in some area of specialization which will profit you? and you don't know what to do.

I am Mr. Maleek Johnson, a private money lender. I give out loans with an interest rate of 3% per annual and within the amount of 1,000.00 to 10,000,000.00 as the loan offer. 100% Project Funding with secured and unsecured loans are available. We are guaranteed in giving out financial services to our numerous clients all over the world. With our flexible lending packages, loans can be processed and funds transferred to the borrower within the shortest time possible. We operate under clear and understandable terms and we offer loans of all kinds to interested clients, firms, companies, and all kinds of business organizations, private individuals and real estate investors. Just complete the form below and get back to us as we expect your swift and immediate response. EMAIL: naleekfinancials1@outlook.com

We offer the following loans below,
*personal loans[secure and unsecured]
*business loans[secure and unsecured]
*combination loans
*students loans
*Auto Loan Refinance
*consolidation loans and so many others.

Interested applicant should please fill our application form below.

FIRST INFORMATION NEEDED

Full Name ..........
Age .......
Personal Phone Number .......
Country ......
Email ............
Address ........
State .....
Have you applied before? .....
Marital Status ............
Loan amount needed as loan ............
Loan Duration .......
Occupation ........
Monthly Income........
Do you understand English?..........

In acknowledgment to this mail, we can start with the processing of your loan. There is more to gain by getting a loan from this company.

Regards,
Maleek.
... more
0 votes 2 answers Share Flag
Thu Apr 2, 2015
Lenderbradford answered:
Jesse,

Based upon the information you presented, it would appear that you would qualify for the 130,000 Mortgage. As a lender in the Cleveland Area, I would be glad to answer any questions you might have and assist you with obtaining a PreApproval letter.

Based upon the income your presented, you may wish to Check out the Ohio Housing Finance Agencies Mortgage Credit Certificate Program. I have included a link to a calculator that will show the potential tax benefits of the program.
... more
0 votes 4 answers Share Flag
Thu Jan 8, 2015
Sandy Thompson Girolami answered:
Best to talk to a real estate attorney in your area. Not sure if there is away around that or not.
0 votes 1 answer Share Flag
Sun Dec 28, 2014
Leatherman asked:
Can non-occupying co-borrowers be on a loan for new construction if the builder carries the construction loan?
0 votes 0 Answers Share Flag
Tue Dec 9, 2014
Tim Moore answered:
It does not matter who is occupying or not, that is irrelevant. As a co-buyer that person is partly responsible for payment of the loan as much as anyone else listed on the mortgage is. If the loan is not paid, everyone on the mortgage takes a hit on their credit and the house can be foreclosed. The deed, or title as it is called in some states, shows the owners of the house, not the mortgage which only shows who agreed to pay it. As a co-buyer I would INSIST on being on the deed if I am required to be responsible for the loan. They don't have to be on it, but I would want to be to protect my interests. ... more
0 votes 1 answer Share Flag
Mon Oct 27, 2014
Dan Tabit answered:
John,
I'm a formerly licensed loan officer and if the terms are as you suggest, you should be fine. I just hope you weren't counting rent into your DTI. That won't be a factor until you've been collecting it for a while and even then only 75% of what you receive will be factored into your income. The other factor that may come into play will be the equity in your current home. Last I knew, banks want you to be in an equity position on the first home out of fear of buy and bail schemes where you walk away from the first house once into the new one.
Speak to a local Loan Officer a bit about your specific situation for the most up to date information.
... more
0 votes 1 answer Share Flag
Mon May 12, 2014
Lance Holtman answered:
Maybe, Maybe not.

Is it a line item o the credit report? Are payments made on time? (Good things)

Does the debt cause you to exceed the accepted debt ratio of the loan program you are applying for? (Bad thing)

Contact a local mortgage broker to review YOUR scenario.
... more
0 votes 1 answer Share Flag
Thu Nov 14, 2013
M R 330.338.5130 answered:
I know of a couple private lenders. There are also "non-traditional" mortgage companies that will finance investors with non traditional financing. I am an investor and I bank with a local community bank that will allow me to do things most banks will not. Call me and I will give you their info. Thanks!
Micah Riley, REALTOR
Cutler Real Estate
330.338.5130 cell/text
MRiley@CutlerHomes.co
... more
0 votes 2 answers Share Flag
Tue Oct 1, 2013
Tony Garcia answered:
Jonathan,

You will need to wait until you have a minimum of 1 year of self employment, you will need to be able to document your income is at the same level or greater.
0 votes 3 answers Share Flag
Sat Aug 24, 2013
Ruthie Lowrey answered:
Mimi, so many variables to that. What is your downpayment? How long at your job? What is the monthly output for existing bills? What kind of house are you wanting to purchase? Do you qualify for any special programs such as the Hero Program or can you purchase FHA? Mainly your credit score is going to drive everything. If you still have questions and want no pressure answers, please call me at 440-476-2795. ... more
0 votes 5 answers Share Flag
Fri May 3, 2013
Phil Harris asked:
I have 20% available for a down payment, and my closing costs. Any suggestions for a local or national lender that might do a loan like this? Both my wife and I have excellent jobs, income,…
0 votes 0 Answers Share Flag
Wed May 1, 2013
Stacy Collins Sr. answered:
Call me at 216-369-7755 to discuss your needs in more detail. I may have a resource for you.
0 votes 1 answer Share Flag
Wed Apr 10, 2013
Gregorio Denny answered:
If there is a garnishment, that means there is a judgement. In most cases the judgement would have to be satisfied in order to get financing. However, more information is needed in order to address your specific scenario. See a licensed loan officer in your area. ... more
0 votes 2 answers Share Flag
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