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Home Buying in Cleveland : Real Estate Advice

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  • Local Info6
  • Home Buying20
  • Home Selling2
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Activity 23
Fri Apr 14, 2017
Rolessavina asked:
Sun Oct 18, 2015
Karen Peyton answered:
If you really want to find a home, contact a local agent!

Listings on Trulia are often inaccurate and status updates slow. What you see available may actually be sold, and the home of your dreams on the market now, though not yet seen (here).

To find an agent, ask for a referral from family and friends, or use the agent tab at the top of the page.

Hopefully you'll find yourself in a new home soon!

K.
... more
0 votes 1 answer Share Flag
Thu Jun 18, 2015
Todd Kime answered:
Normally 580. this is normally the lowest you will see
0 votes 2 answers Share Flag
Mon Jul 28, 2014
timc2459 asked:
Sat May 10, 2014
Kaye Burleson asked:
Mon Mar 10, 2014
Unspecified answered:
I will change everything including my id to TN. We currently renting in DC that means i wont have any housing expenses. My family will occupied the house in TN. And while im working i will be staying a siblings place no rent :) .. Once again my family will occupied the place 100% does that help? ... more
0 votes 4 answers Share Flag
Tue Jan 21, 2014
Freda Green answered:
we are getting ready to put our home up for sale in misty ridge subdivision.. this describes our home... we love our home, but r downsizing. it will be on the market some time in February.. let me know if you r interested. ... more
0 votes 4 answers Share Flag
Thu Sep 5, 2013
Kim Cranfield answered:
Mike, I work with several local lenders who would be glad to call you and do a "prequalification" evaluation over the phone. Give me a call or send me an email and I can refer you to a reputable local lender. ... more
0 votes 3 answers Share Flag
Thu Sep 5, 2013
Bill & Linda Casper answered:
Usually the appraised price is reasonable. You can make an offer it is up to the sell to decide if they would like to counter offer.
0 votes 4 answers Share Flag
Mon Mar 11, 2013
Kevin Sipe answered:
Dear Tddemp;
Planning for the purchase of a home is a process. The approach for all borrowers should be the same regardless of credit history. What do I mean? The question is why is there a negative credit history? Will this jeopordize your investiment into homeownship? Or is a result of past mistakes?

Quality guidance from a mortgage professional can help a future homeowner. Here at Churchill we follow the guidance of Dave Ramsey. If your not familiar with Mr. Ramsey or his show and material, please check it out. I am sure you will find it helpful.

Here are some quick things to think about for planning for home ownership.

1. Try to save two to three months in living expenses in a reserve account.
2. Do you have debt? How much? How can you eliminate it quickly? Look up the Debt Snowball.
3. Plan for retirement. Will homeownership cost more than the existing housing expenses. Keep in mind homeownership includes maintenance and repair costs.

In the long run homeownership allows you to build ownership in a real asset. If maintained, both the financing as well as the physical property, it is more cost effective than renting over time.

Please check out our site for free reports or visit the link for our free Credit Action Kit.

Kevin Sipe
Home Loan Specialist
Churchill Mortgage
NMLS# 962172

423-899-6898 ext. 15 office
423-991-1234 cell
423-899-6547 fax


churchillmortgage.com

Churchill Mortgage
1510 Gunbarrel Road
Suite 400
Chattanooga, TN 37421
NMLS ID: 962172
Company ID: 1591
Branch ID: 366125
TN-114429
... more
0 votes 4 answers Share Flag
Mon Mar 11, 2013
Tony Grech answered:
Hi Ranna,
Feel free to give me a call and I can walk you through the process and your options. Unless you're considering hanging onto the current home and renting it out it's very unlikely it will benefit you to refinance it, since that can cost upwards of $2000-$3000. If you have good credit there are better options than FHA to finance your new home.

Don't get me wrong, I'm sure there are many lenders out there who would love to earn a commision on a refinance AND a purchase loan, but to me it seems like "robbing Peter to pay Paul"

Give me a call or shoot me a email and we can go over a few ways of doing things and see what makes the most sense.

Tony

Tony Grech

Loan Officer -NMLS #966417



WCS Lending, LLC

Tony.Grech@WCSLending.com

Toll Free: 866.936.5363 ext. 278
... more
0 votes 6 answers Share Flag
Mon Mar 11, 2013
Kevin Sipe answered:
Dear Tbone;
If you will e-mail me I will provide you with a side by side total-cost-analysis of various loan programs available in the area for a home financing of $200k. Included will be the appropriately required information such as APR and closing costs. What is not disclosed below is what is required to obtain the payments advertised below.

For my clients I prefer to work from a financial strategy that coordinates your goals with a payment and a financing plan that meets your personal goals. This personal approach helps guide clients towards mortgage success and financial freedom.

Kevin Sipe
Home Loan Specialist
Churchill Mortgage
NMLS# 962172

423-899-6898 ext. 15 office
423-991-1234 cell
423-899-6547 fax

kevin.sipe@churchillmortgage.com

churchillmortgage.com

Churchill Mortgage
1510 Gunbarrel Road
Suite 400
Chattanooga, TN 37421

NMLS ID: 962172
Company ID: 1591
Branch ID: 366125
TN-114429
... more
0 votes 4 answers Share Flag
Mon Mar 11, 2013
Kevin Sipe answered:
Dear Mike;
I believe proper mortgage planning is the foundation for successful home ownership. Guided by the principals of Dave Ramsey and Financial Peace University I often ask questions to help the customer coordinate homeownership with their overall financial strategies.

What are your short term and long term objectives? Is your goal to finance as much house as possible or are your retirment and savings plans essential to your financial plan?
Other things to consider is what your liquid cash reserves status. Will a downpayment deplete your savings? Do you have desires to repair or renovate in pursuit of capital appreciation. Is this home purchase a stepping stone or will this be a permanent residence for 10 or more years.

To answer your question credit score of 640 is adequate for many programs. The maximum loan amount will be governed by program limits and debt to income ratios. The maximum FHA loan amount in your county is $271,050. Generally, a debt to income ratio of 38% is a good place to start.

Kevin Sipe
Home Loan Specialist
Churchill Mortgage
NMLS# 962172

423-899-6898 ext. 15 office
423-991-1234 cell
423-899-6547 fax


churchillmortgage.com

Churchill Mortgage
1510 Gunbarrel Road
Suite 400
Chattanooga, TN 37421
NMLS ID: 962172
Company ID: 1591
Branch ID: 366125
TN-114429
... more
0 votes 9 answers Share Flag
Fri Sep 21, 2012
Jim & Philomena Davis answered:
Wed Jun 20, 2012
Tambla_pruitt answered:
I am instated in buying a house with back taxes owed Abilene tx 79605
0 votes 9 answers Share Flag
Wed Apr 18, 2012
Rhee Epperson answered:
0 votes 4 answers Share Flag
Sat Jun 12, 2010
Hannah Fliegel answered:
Hi Galoreed,

Perhaps the seller is willing to carry some of the financing for you in exchange for your large down payment. You might consider credit repair services for your credit because utilitiy bills, insurance will cost more for poor credit. Good luck!

Hannah Fliegel, FICO Pro
The Credit Repair Expert
415-999-9348
... more
0 votes 6 answers Share Flag
Wed Apr 14, 2010
Phyllis Agent answered:
I would suggest Denise to take "time out before making any immediate decisions". We may very likely see a "second fallout" which will effect us all and our economy once again. Beginning this year through 2011 and 2012 + we will see many banks going under and some others which may need more financing from "us the taxpayers" because of the 1.4 Trillion Commercial debt coming due. Very simply these commercial loan values have descended from their peak 3-4 years ago. These commercial balloon notes are now coming due which the majority will fold. The larger banks like Citicorp and Bank America will survive because we already paid most of their residential debt thanks to us taxpayers and they'll have plently of other income from high credit card interest they collect from us and many other fee income producing revenue. I see Tennessee as an opportunity to bid low on the people who "think" there property is still worth ?? before all this happenned. I would say if you want to purchase now bid low...say 20% below tax appraisel value. Overall you may want to wait six months to see where our counrty stands...let alone the rest of the worlds debt. Remember our country has spends right now $1.67 for every $1.00 it takes in. Can you imagine whats going to happen when we have to start paying higher interest rates on our third world debt? We have a very long road ahead of us. May God Bless us and "Can we please take our country back"? We the people can only make this happen beginning in November. ... more
0 votes 5 answers Share Flag
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