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22401 : Real Estate Advice

  • All14
  • Local Info0
  • Home Buying8
  • Home Selling0
  • Market Conditions0

Activity 13
Tue Apr 18, 2017
Hello, I'm a mortgage professional.

There will be some tax benefits to having a mortgage on your current home plus you can probably get a better deal on the second home by paying cash from the refinance.

I can help you with a refinance and the rates are very very good.

If you have any other questions or would like help with this you are welcome to contact me.
... more
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Thu May 19, 2016
Cullen.cassiday asked:
Why will they not offer me a chance to own it, after all they had no problem accepting my tax money for bail out....I want this house which I technically paid a minimal down payment on…
0 votes 0 Answers Share Flag
Tue Jun 30, 2015
jberardino answered:
Yes I work for Griffin Capital Funding and we are located in Fredericksburg. Go to
0 votes 2 answers Share Flag
Wed Jan 14, 2015
Scott Godzyk answered:
It could be a simple mistake, the tax card could be incorrect or the data from mls did not populate correctly when transferred into a Trulia ad. It is unlikely you have damages as if you would see the home you could easily count the baths before you made an offer and therefore were not damaged by a mistake in an ad. Most listings and ads are protected by an error and omission clause. ... more
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Tue Jul 29, 2014
Terry McCarley answered:
The answer depends on the exact language in the addendum. Speak with your Realtor regarding this.
0 votes 6 answers Share Flag
Tue Jul 29, 2014
Terry McCarley answered:
Thu Nov 7, 2013
Josie Ramos Johnson answered:
Are you still looking to buy a home? I would be happy to assist!!
0 votes 2 answers Share Flag
Tue Apr 9, 2013
Doug Woodruff answered:
Good morning! I would be happy to discuss REO Properties with you and help you find some that meet your needs. Please feel free to contact me at or at (540)220-1875. I look forward to speaking with you and earning the opportunity to assist you in your search. ... more
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Mon Oct 29, 2012
Meghan Wells answered:
This is a great property for kids, great neighbors, can have animals, and a piano ;)
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Tue Sep 6, 2011
With FHA the mortgage insurance needs to be paid for at least 5 years and until your loan balance gets to 78% of the value of the home when you purchased it - there is NO ability to get a current appraisal and remove the mortgage insurance that way.

The only exception to the 5 years/78% of the value of your home is if you initially take a 15-year term or less, then the mortgage insurance only needs to be paid until your loan balance reaches 78% of the value of your home when you obtained the loan - but there is no 5 year requirement.

So if you take a 30-year fixed FHA mortgage, and put down 22%, you still have to pay the mortgage insurance for 5 years. If you put down 3.5%, and just make the minimum payments, you'd be paying the mortgage insurance for roughly 10 years EVEN if you purchased the home for half of what it appraised for (because on a purchase transaction, the value is the lower of the purchase price or appraised value).

Within 12 months of purchase, your best bet if you want to use the new value to remove the PMI is to refinance with conventional financing.
... more
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Wed Oct 28, 2009
Michael Straley answered:
Several months may be the average, however, it is important to work with a professional negotiator or listing agent that knows the REO expectations to advise the asset manager, negotiator and the buyer of expectantions. It is frustrating to wait, but often rewarding when it is complete. ... more
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