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Financing in Dearborn Heights : Real Estate Advice

  • All140
  • Local Info5
  • Home Buying39
  • Home Selling6
  • Market Conditions4

Activity 4
Tue Jun 7, 2016
Rhapsodicbalish asked:
I'm working on getting a preapproval for a mortgage, that being an FHA loan. Can anyone tell me what down payment assistance programs are available for 2016 in "Michigan"?
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Sat Sep 28, 2013
Rebeccatrulia answered:
Hi Penguin

Its a big problem.You need to discus with a reliable reverse mortgage .I have a reverse mortgage which name is reverse mortgage lenders direct. You can get any answer from their by search
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Mon Mar 7, 2011
Jim McDonald NMLS# 156546 answered:
I work with lenders that will finance a borrower with credit scores as low as 580 on an FHA Mortgage, if your score is above that I would suggest you talk to a mortgage professional to determine if you can qualify for a mortgage. There are several things we look at like total debt, debt to income, accounts in collection, foreclosures, bankruptcy's etc. Even if you have had a bump in the road it doesn't mean you don't qualify. I would be happy to take a look at your situation and see if you qualify to buy that condo of your dreams.

Jim McDonald
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Sat May 22, 2010
Stephanie McCarty answered:
Dear Ali. You might start by calling your current mortgage holder to see what type of rate they will offer you on a refinance in order to keep your business. You are in complete control of the "deal" that you get - your credit will determine the rate that any lender will be able to offer you. Once you get a rate quote from one lender, call another major lender in your area - not a broker - and see if they can do any better. Remember that anytime someone tells you they can close either a purchase or refi with no closing costs, most likely it is because they are doing it at a higher rate - you would pay them extra for 30 years rather than just paying the closing costs now. Food for thought.
Good luck.
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Financing in Dearborn Heights Zip Codes