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Financing in Diamond Bar : Real Estate Advice

  • All50
  • Local Info3
  • Home Buying22
  • Home Selling2
  • Market Conditions0

Activity 3
Thu Oct 8, 2015
Give me a call and I will be glad to help you. No charge

0 votes 1 answer Share Flag
Tue Aug 26, 2014
Claudia Muller answered:
Claudia Muller Gravelle, Mortgage Broker or Lender, Fremont, CA
If you are 62 or older, have you considered a reverse mortgage?
There is no qualifying for this financing.
Also, we offer an asset depletion loan (looks at your assets as income over 360 months), that would certainly help you get to qualifying for this ... more
0 votes 2 answers Share Flag
Thu May 13, 2010
Connie Bramble answered:
Hi Tk,
First I think you should make sure you have 60% loan to value. You know how much our values have changed here. Second, how much interest do you hae on the first yousaid high 5's, is that just ove5.5 or is it 5.875%. right now we have 4.875%. Depending on how much you owe on your home, that in itself could be very helpful with the payment on the second home. If you only owe $150K on the first home it won't be too significant. But if you owe 550K and refi your savings a month will be great. You may have enough to offset
the second home enough to be comfortable. If you need to know just how much your home is worth give one of us a call we can help you out with that. Then you can make an informed decision.
Best of luck to you,
Connie Bramble
Prudential Ca Realty Brea
... more
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Financing in Diamond Bar Zip Codes