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Home Buying in Davie : Real Estate Advice

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  • Local Info12
  • Home Buying44
  • Home Selling1
  • Market Conditions6

Activity 103
Wed Aug 9, 2017
Kathy Burgreen answered:
What is your question? If you are looking for somebody to tell your friend that it's not a good idea to spend $100K on a house, sorry but nobody here can do that. It's your friend's money and people can do what they want with their own money. Nobody has a right to tell someone how to spend or invest their own money. All you can do is be a good friend and educate on the pros and cons of their decision. You can mention open a retirement account, have an emergency savings account, etc. It doesn't have to be spent on buying a home. ... more
0 votes 1 answer Share Flag
Thu Jun 29, 2017
Kathy Burgreen answered:
Both of your scores are above 620 so you should have no trouble finding a lender to give you a loan. However, you need to be aware that lenders will "punish" you because of your low credit scores. How? Lenders will charge you higher interest rates and additional fees. Lenders need to make a profit and yes, they do punish buyers with low credit scores to make that profit. Buyers with high credit scores are rewarded with low interest rates and low fees.

You can help yourself: Do you have cash savings (at least 3 months of fixed expenses in savings in the event you lose your job or have a medical crisis)? Do you have a down payment - at least 10%? Do you have cash to pay for closing costs? Do you receive a W2 (do you work full time in a salaried position for an employer)? Have you been in the same job for 2 years? Do you pay your bills on time?

If you have proof of everything in the 2nd paragraph, lenders will give you a break on the interest rate and fees. Yes they can lower it but only if you can prove everything else.
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1 vote 1 answer Share Flag
Tue May 2, 2017
Sally Grenier answered:
I hear your frustration and know it can be very difficult to find something to buy in this market. There are a few things you can do:

1. You can adjust your search criteria. i.e. if you were looking for a 3 bedroom house before, maybe you need to look for a 1 or 2 bedroom condo, or smaller home. If youre looking in an expensive area, maybe you need to look further out?

2. You can pay down or pay off your debt.

3. You can find a job that makes more money.

4. Make sure you have a good Realtor working for you who's willing to go the distance and search high and low for the right property. When there is nothing on the market in your price range, your agent can do things to find listings. Search expired/withdrawn listings. Send a letter to homeowners. Search FSBOs (for sale by owners).

Good luck!
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0 votes 1 answer Share Flag
Sun Feb 5, 2017
Jonathan Klurfeld, Esq. answered:
Get yourself a buyer's agent to help you. You don't pay a dime out of pocket for your agent, it comes out of seller's proceeds (seller essentially pays for both side's realtors). On the MLS we can parse listings by types of loans accepted in that transaction. Zillow or Trulia does not have that information.

Further some agents like myself are attorneys as well and can review everything in your transaction and keep you on track protecting your interests as a buyer.

If you need assistance looking for homes in Broward or Palm Beach, feel free to contact us. HK Realty Group. 561-771-4457 info@hkrealtyfl.com
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0 votes 2 answers Share Flag
Sun Nov 20, 2016
Stephen McRory answered:
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If your husband is not a combat wounded Vet, or disabled and has used his VA eligibility on a loan in the past, and you have 3% to put down, you may want to avoid using a VA loan for multiple reasons.

Now don't get me wrong, as a prior service U.S. Marine and a Florida Mortgage Broker who offers VA Loans, the think the VA loan is good for many situations. But in certain situations, the VA loan can very limiting and can keep you from obtaining the home you want and/or can be more expensive.

Personally, I would never use my VA benefit again to purchase a home and I advise checking out alternatives before settling on a VA loan.

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0 votes 3 answers Share Flag
Sun Nov 20, 2016
answered:
Either one! Your better off with a townhouse, villa, single family, modular or manufactured home. These will all qualify for FHA financing.


We provide FHA/VA loans all the way down to a 580 fico. As a licensed real estate broker and mortgage broker over 10 years i can answer any questions you have throughout the process.

US Mortgage Lenders - Thomas Martin
Min FICO 580 FHA/VA Loan Approvals 7 days a week
PH: 954-667-9110
http://www.florida-mortgage-lenders.com/
... more
0 votes 7 answers Share Flag
Sun Nov 20, 2016
answered:
Yes it is possible.

Buyer Requirements.

Primary residences 25% down payment.
Second homes 30% down payment.
Investment not allowed
Minimum Credit Score 620

US Mortgage Lenders - Thomas Martin
Min FICO 580 FHA/VA Loan Approvals 7 days a week
PH: 954-667-9110
http://www.florida-mortgage-lenders.com/
... more
0 votes 4 answers Share Flag
Sat Aug 27, 2016
MyungJoon(BRIAN) Song answered:
some listing agents are playing with Short-sale. They bring their own family member or friends as a buyer and share the profits later on. They will summit relatives's offer with short-sale package to the bank without showing the house to anyone. I feel angry when they do that. I never report it but best way is report it to the bank. ... more
0 votes 11 answers Share Flag
Thu Jun 9, 2016
Kim R asked:
Thu Apr 28, 2016
carlton tasch asked:
Wed Mar 9, 2016
Madjid soltanikhah answered:
were do i complai about a home inspector
0 votes 9 answers Share Flag
Wed Sep 30, 2015
Jeffrey Jacobs answered:
Hello Sri,
If you need assistance with information on a property please contact me at 954-560-0162 - Jeff Jacobs
0 votes 1 answer Share Flag
Mon Aug 10, 2015
Pennie Arneson answered:
In some parts of Davie you can. The lot needs to be over an acre. Some HOAs do not allow livestock.
0 votes 2 answers Share Flag
Tue Jul 21, 2015
Drdhanessar answered:
Hi I'm Davindra, I'm a local agent and I can assist you with your home searching needs in the Plantation, Cooper City and Davie areas. You can contact me directly at 954-560-3900.
0 votes 2 answers Share Flag
Thu Jul 9, 2015
Chris Stumbaugh answered:
Hi
Loan amounts in that range should be available through a local community bank or credit union
0 votes 2 answers Share Flag
Tue Jun 30, 2015
Gene Petrino answered:
Most lenders will not lend for mortgages less than $50,000. You are better off obtaining a personal loan or a loan from a private lender. Good Luck
0 votes 1 answer Share Flag
Mon May 11, 2015
Gary Hitchcock answered:
Trulia listings are updated by agents, so if you see old listings it is because the agent has updated it.
0 votes 1 answer Share Flag
Tue Mar 31, 2015
godzilla48 answered:
There is an owner who has moved in a person with criminal background and the Association requires a background check on renters, he claims she is a girlfriend. Does he have the right to let her stay. ... more
0 votes 11 answers Share Flag
Wed Mar 4, 2015
Kenneth Trahan answered:
0 votes 3 answers Share Flag
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