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Financing in Collin County : Real Estate Advice

  • All29
  • Local Info1
  • Home Buying11
  • Home Selling3
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Activity 55
Tue Feb 21, 2017
Jessica Bateman answered:
You should look into an FHA loan, they require a down payment of just 3.5%. Speak to a couple lenders to find the best rate. Contact The Lenders Network, they can refer you to a few lenders that would be able to help you. ... more
0 votes 9 answers Share Flag
Fri Sep 9, 2016
USMortgageRanger answered:
Sat Mar 26, 2016
Kevan Pewitt answered:
It can be harder, but it will depend on how stable and verifiable your income is and how good your credit score is. I would talk to a lender. Here are some good lenders I work with http://houstonprimerealty.com/service-providers/mortgage-lender-1-1/ ... more
0 votes 1 answer Share Flag
Fri Mar 25, 2016
Susie Kay answered:
Kelley,

I'd be happy to connect you with local lenders that I typically work with. Give me a call at 469-371-2899 if you are interested.

Best,

Susie Kay
Realtor
Seniors Real Estate Specialist
Certified Home Stager

United Real Estate Dallas
469-371-2899
www.dfwdreamhomes.net
... more
0 votes 1 answer Share Flag
Sun Dec 20, 2015
Alysse Musgrave answered:
A loan for you would be really expensive. Talk to a reputable lender...Tony Kruse at Iberiabank Mortgage is excellent.
0 votes 2 answers Share Flag
Mon Nov 16, 2015
Dan Tabit answered:
Maurice,
On an FHA Loan, probably not. I did both Loan Origination and Real Estate for a long time. I stopped in 2012, but FHA was never an option for me.
0 votes 2 answers Share Flag
Fri Jul 17, 2015
Allan Salter answered:
20 and 30 year loans have pretty much the same interest rate while 15 year term is going to be lower rate. With rates so low and not knowing your overall financial situation I would suggest taking a 30 year loan and paying extra on it. You at least have the lower 30 year payment to fall back on should you hit a tight financial patch. ... more
0 votes 17 answers Share Flag
Thu Jul 16, 2015
drink_more-beer answered:
0 votes 4 answers Share Flag
Thu May 14, 2015
Brandon Findley answered:
I haven't had any major issues. Maybe a 2k-5k at the most. Nothing that has caused any issues with any of my deals. But I've also had plenty come in above contract price so overall it's been pretty good. ... more
0 votes 3 answers Share Flag
Wed May 6, 2015
Amy Arey answered:
I realize the original post was in 2011, but will hopefully help someone else. There are typically not "Realtors" who specialize in home-renovations but there ARE lenders who specialize in loans for these types of properties (such as a 203k loan ((which is an FHA loan that allows you to finance the needed repairs / upgrades into your home). Feel free to contact me should anyone like for me to set them up with a great lender who does these sort of loans ALL THE TIME.

-Amy S. Arey, Realtor, CNE
Halo Group Realty, LLC
AmyAreyRealtor@Gmail.com
214.901.1341-Cell
www.MckinneyRealEstateInfo.com
www.Aarey.HaloAgent.com
... more
0 votes 11 answers Share Flag
Mon Apr 20, 2015
Amy Arey answered:
You're closer than you think!
Many people have found themselves in this situation. Luckily, there are programs available. If you need a Realtor who can put you in contact with the right individuals and not desert you during the process, contact me. It may take some time, but we will get there. (It all depends upon "what" is on your credit, as well as your debt-to-income rations, etc. I realize you can't get there until you know what to do to.

I would be honored to earn your business, or anyone else in the same situation.

-Amy S. Arey, Realtor
Halo Group Realty, LLC
214.901.1341-Cell
www.Aarey.HaloAgent.com
www.MckinneyRealEstateInfo.com
... more
0 votes 6 answers Share Flag
Fri Mar 20, 2015
Caleb Hart answered:
Have you talked to a realtor in your area? They usually have a pretty good idea about appraisal values and that kind of thing. There are a few things that you need to consider when it comes to home appraisals. I'm sure water damage is a big factor. http://www.fdrestoration.com/ ... more
0 votes 5 answers Share Flag
Sat Feb 28, 2015
Phillip Madison answered:
I would suggest contacting several local lenders and comparing rates.
0 votes 4 answers Share Flag
Sun Feb 22, 2015
Susie Kay answered:
Probably yes, if they give you incentive such as closing cost etc. However, I do find that many of them cannot handle a more unique financial situation and the loan then has to be transferred to a different lender.

Good luck!

Susie Kay
Realtor & Certified Home Stager
United Real Estate
469-371-2899
www.dfwdreamhomes.net
... more
0 votes 3 answers Share Flag
Tue Nov 18, 2014
Phillip Madison answered:
I would suggest speaking to a lender. Pre-qualification is dependent on more then just income level. I work with many lenders if you would like their contact information. After getting pre-approved, I would be happy to assist in finding the home that fits your needs/wants. As a buyer, you get the benefit of having a Realtor with knowledge and experience such as myself, at no cost!
Feel free to call or text anytime!

Phillip Madison
254-212-9186
... more
0 votes 5 answers Share Flag
Wed Jul 16, 2014
Amy Arey answered:
This is an easy one :) Start establishing credit by obtaining TWO secured cards. The credit-bureaus will not be able to tell that it is secured or not, thus giving you trade-lines. Also, if there are any loans or creditors that you have, call and ask them if they can report to the bureaus for you. If you'd like specifics, please feel free to contact me. I have buyers in this situation all of the time. :)

-Amy S. Arey, Realtor
Halo Group Realty, LLC
214.901.1341-Cell
www.aarey.HaloAgent.com
... more
0 votes 8 answers Share Flag
Sat May 17, 2014
Susie Kay answered:
Wendy,

if you are still searching for an answer I have a lender who may be able to help or give you advice.

Good luck,

Susie Kay, RealtorĀ®
GRI, CHMS, SFR
Residential/Commercial/Investment
------------------------------------------------------------------
United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240
469-371-2899
susie_k@att.net
www.dfwdreamhomes.net

Servicing your real estate need is my priority!
... more
0 votes 6 answers Share Flag
Mon Apr 14, 2014
Jeanne Feenick answered:
Talk to your lender. It may be even better for you in the long run, but you need to be very clear and complete with your lender. Otherwise, the details may well get in your way later.

Best,
Jeanne Feenick
Unwavering Commitment to Service, Unsurpassed Results
... more
1 vote 12 answers Share Flag
Fri Jun 7, 2013
Curly Sue answered:
Torang - answer the question asked please.

Financing on a mobile home is tricky. How old is it? How much is it? How much do you have for down payment?
0 votes 1 answer Share Flag
Fri May 17, 2013
T.E. & Naima Sumner answered:
ABA (Affiliated Business Arrangement) disclosure should be used in connection with a real estate transaction.

Texas Department of Insurance regulations also apply to the insurance producer and limits the amount of any fees.

So, both RESPA and TDI apply.
... more
0 votes 1 answer Share Flag
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