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Financing in Dublin : Real Estate Advice

  • All348
  • Local Info17
  • Home Buying239
  • Home Selling9
  • Market Conditions14

Activity 13
Wed Jul 27, 2016
Ankit_ab asked:
I have about $430K left on my current loan at 3.625%. I had refinanced beginning of 2015. My house value on extremely conservative end is about 780K (Lower than any of the online…
0 votes 0 Answers Share Flag
Sat Dec 28, 2013
Ali Qureshi answered:
Market has picked up a lot all over the Bay Area and especially in Dublin. If. You're thinking about selling a home and you didn't end up short selling now is probably a great time
0 votes 20 answers Share Flag
Sat Dec 28, 2013
Ali Qureshi answered:
Hi Ryan,

You have many options available to you. Find a great loan officer and compare costs and terms.
0 votes 7 answers Share Flag
Wed Aug 28, 2013
Susie Kay answered:
It doesn't matter what other buyers are doing, you should stick with what's comfortable for you. I would suggest talking to another lender and see what your options are and you can determine from there.

Susie Kay, Realtor®
United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240

Servicing your real estate need is my priority!
... more
0 votes 6 answers Share Flag
Mon Jul 22, 2013
Robert Spinosa answered:

The company doesn't matter as much as the individual. As long as you're dealing with a professional who is accountable and communicates in terms you understand, you have a better chance of being well-served than not.

Best of luck and let me know if I can assist.

Rob Spinosa
... more
0 votes 1 answer Share Flag
Thu May 9, 2013
Grace Tam answered:
Hi Tictactoe,

Are you still need to refi your home loan? your house value should be gone up more and the rates are low now I usually offer my borrower with no closing cost for refinance transaction. And don't need to pay mortgage insurance if your LTV IS 80% OR LESS. If you are ready you call me to find out more 925-236-2200. ... more
0 votes 7 answers Share Flag
Fri Mar 30, 2012
Ms. K answered:
Your post is from 2008. Now it's 2010 and the economy has gotton much worse. If you managed to get that house, you're in foreclosure now-- AREN'T YOU?

If you didn't buy, congratulations. You needed a loan for $635,000.00? Divide that "need" in half and stop living in outer space. If someone did give you a loan (s), that entity was wrong. It's this kind of thinking that got us into this housing mess in the first place and robbed so many of us of our livlihooods, retirement savings, regular savings, etc. I'm hopping mad about this train of thought in American society today.
... more
0 votes 10 answers Share Flag
Fri Mar 30, 2012
My company has a form we use that is a sample closing cost estimate sheet. We provide this so that our clients know what their costs will be, and what their fees are. We are all just really learning what is going on with the new GFE, and how we are impacted at closing. I work for a mortgage banking company, so it is easy enough to give a GFE with our origination fee, which is really our application, underwriting and doc prep fee, without locking in your rate. On the other hand, there are times that we broker loans. I am in NY, and we do not bank co-op loans. I was just basically scr*wed by Citimortgage because I gave a GFE at the rate I wanted to get for my client, but what we call the YSP was low. I did not want to charge my client a higher rate, so I was hoping that the market would improve, seeing as I wasn't ready to lock them for 60 days anyway. I was lucky, the market did improve, so I locked them at the rate I wanted with a decent YSP. And, for all you loan officers, on a $312,000, my HUGE YSP that I locked at, with no points charged to the borrower, was 1.12. 2 days before closing Citimortgage told us that they would only pay us based on the initial GFE. Locking a rate, according to them, is not a change in circumstance that allows you to re-disclose.

So Vike, to answer your question, you should not pay each of them $250. You can ask them for their costs, talk to them enough to get a feel for who you would like to work with, then keep your fingers crossed that they are being honest with you. And, by the way, $250 is very cheap for an appraisal unless appraisers in CA are rreally hurting and giving away their services for very little.
... more
0 votes 10 answers Share Flag
Sat Oct 8, 2011
I assume you bought your Condo as a FNMA Homepath correct? That would be only reason your rate was that high in the first place. I just closed a FNMA with my borrowers putting down the minimum required 3% with high 700 credit scores and their rate was 5.250%. But no MI! If your loan was a Homepath, you are not paying any monthly mortgage insurance nor did you pay an upfront MIP as required by FHA. All things considered, your interest rate is pretty good (effectively 4.35% if you minus out the 1.15% MMI if you would have financed FHA). Or you could call your current servicing lender and ask if they have a streamline rate reduction they can offer you. If that doesn't pan out, another option would be once the market stabilizes and your condo increases in value and if the rates are approximately the same, you might consider refinancing then, but until then you'll just have to sit tight. ... more
0 votes 7 answers Share Flag
Tue Oct 5, 2010

What is the purchase price you are looking at?
Generally, these lenders will want a 30% down payment.
The rates are higher than what you see advertised on internet websites, as these are not traditional lender programs.
The programs that I have seen are 5/1 ARMS and 7/1 ARMS in the high 4s to low 5s interest rates.
The minimum loan amount this particular lender allows is $300k.
... more
0 votes 7 answers Share Flag
Mon Mar 22, 2010
Louwu answered:
If fannie mae owns your loan, you can go 105% on DU REFI PLUS program.

Other than that, you are handicapped with finance options. Try for a loan mod.

Good luck.
0 votes 7 answers Share Flag
Sun Feb 7, 2010
Ms. K answered:
No one knows for sure, but it can't be by too much. The economy is too fragile. But I AM very, very happy that these artificial means of support are going away. THANK GOD! Finally, the market will allow housing prices to float downward and begin to approach reasonable levels. What are those reasonable levels? They are the late 1990 prices with 30% tacked on to reach today's proper pricing. But it will quite be a while for all the shadow inventory to move through the python. The shadow inventory is HUGE and the public is not even aware on how bad it truly is. The bankers know how bad it is and the real estate agents know how bad it is. Unfortunately,many real estate agents don't want this word to get out -- but some agents are starting to be more vocal about prices coming down. ... more
1 vote 14 answers Share Flag
Tue Mar 24, 2009
Take it and RUN, especially on a Jumo loan!

You need to do some math and figure out how long your going to stay in the house and how long it will take you to recoup the money spent to see if the lower rate/higher cost loan makes sense ... more
0 votes 2 answers Share Flag
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