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47715 : Real Estate Advice

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  • Home Buying1
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Activity 5
Thu Feb 25, 2016
Heather asked:
Mon Aug 5, 2013
Shannon Ash answered:
I might be able to do that 1518 green meadow rd, 47715 look it up 589-8801 to see.shannon
1 vote 3 answers Share Flag
Mon Mar 29, 2010
Joanna Sharp answered:
The individual is correct regarding the bridge loan but that is a loan that has to go through underwriting, etc just like your normal mortgage so if you have any doubt of not being able to close on the sale of your home in time for your closing date for the purchase of your new home, I would go ahead & start the process. Your debt to income ratio will increase because you have to be approved for the debt of the bridge loan, the new home and the current home. I would suggest contacting a lender regarding that program.
Joanna Sharp
Mortgage Consultant - MetLife Home Loans- 885-7838.
... more
0 votes 3 answers Share Flag
Mon Feb 15, 2010
Greg answered:
Thanks to all for your input. I decided even though its a legitimate transaction, the IRS may look on it otherwise. I can't afford the house without the credit, so its not work the risk. Thanks again! ... more
0 votes 8 answers Share Flag
Mon Feb 15, 2010
Las Vegas Mortgage answered:
Hi Greg, FHA will mandate that your taxes and insurance are impounded. It is not optional with an FHA insured loan.
0 votes 4 answers Share Flag
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