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Financing in Fullerton : Real Estate Advice

  • All150
  • Local Info15
  • Home Buying38
  • Home Selling2
  • Market Conditions6

Activity 10
Thu Jun 25, 2015
Brian Nguyen answered:
There are lenders out there, like myself, that can do alternative document loans. In this case, lenders like myself would not ask for tax returns, but instead a CPA letter. This is something you should definitely consider. If you have any other questions or if you would like a loan, feel free to contact me. Good Luck! Brian Nguyen Sr. Mortgage Banker NMLS # 659743 Phone: 949.667.2887 brian.nguyen@nafinc.com ... more
0 votes 9 answers Share Flag
Sat Nov 16, 2013
Adam Brett & Eric Urban answered:
Looks like you should be good depending on any other debt. Whatever you do - be sure to shop lenders to make sure you are getting the best deal.
0 votes 14 answers Share Flag
Mon Oct 21, 2013
Libardo Quintero answered:
Hi Sarah,
Yes, stated Income.
How much down and assets do you Have?

Libardo
nmls 380933
PH:562.8998425
0 votes 16 answers Share Flag
Wed Oct 9, 2013
Libardo Quintero answered:
Hi Cathy,
The question is what is your rate now?, a loan can be modified many times if your investor is participating in the program.BUT, there is no way a lender, servicer or investor will do stated or no income modification. Technically and financially you are asking to have a review on your loan due to a financial hardship, therefore the most importnat part of that review is income is to see if your DTI is above or below 31%

Libardo
nmls 380933
... more
0 votes 2 answers Share Flag
Mon Sep 23, 2013
Brian Nguyen answered:
The fact that you have a lot of money available for a down payment will allow lenders like myself to over look other factors and will make you more likely to obtain a loan. Although VA loans do not require a down payments so you wouldn't necessarily need one. But since you do have so much down I recommend you look into a conventional loan instead. This will give you better rates and has less restrictions that a VA loan does. Unfortunately, your future roommates will not be able to be counted as income. Either way, I recommend you speak with a lender like myself. I am a lender based out of Southern California and I would be glad to speak with you to help you get the loan that you need. Well I hope this helps! If you have any other questions or if you would like a loan, feel free to contact me. Good Luck! Brian Nguyen Sr. Mortgage Banker NMLS # 659743 Phone: 949.667.2887 brian.nguyen@nafinc.com ... more
0 votes 3 answers Share Flag
Fri Sep 20, 2013
Ray Stevens answered:
What you qualify for has additional "components" like how much are the taxes, insurance, HOA/maintenance fees and possibly PMI. These will affect how much house you can buy.

If we assume 20% down (no PMI) and $800 for taxes and insurance, then you qualify in the $380,000 range.

Give us a call to go into greater detail to firm up the quote.
... more
0 votes 6 answers Share Flag
Fri Sep 20, 2013
Ray Stevens answered:
Relative to streamline refinances, your mortgage originator will look up your refund and this refund will be subtracted from your current balance, thereby reducing the amount owed.

The new UFMIP is now added to this loan amount to give you the new loan amount for your new FHA loan.

Whether or not you get to roll in the closing costs depends on the type of streamline you and your mortgage originator decide on.
... more
0 votes 10 answers Share Flag
Thu Aug 15, 2013
Alexander Greer answered:
I was just looking through old post and I noticed yours. If you were not able to refinance at the time of the post, I can certainly help you out now. You can call me at 408-352-5147 or email me at AGreer@themortgageoutlet.com. You can check us out at http://www.TheMortgageOutlet.com. I will look at your situation and present you with some options.

Alex Greer
NMLS #1056079
... more
0 votes 14 answers Share Flag
Mon Jan 21, 2013
Kawain Payne answered:
One difference in working with a loan broker VS. a direct lender is:

Many sellers will not entertain offers from buyers who have been approved by a loan broker. In fact many MLS listings will clearlystate ONLY OFFERS WITH APPROVAL FROM DIRECT LENDERS WILL BE CONSIDERED.

If you want to be competitive in this market, II suggest going with a direct lender.


Best Regards,
Kawain Payne, Realtor
... more
0 votes 5 answers Share Flag
Wed Nov 4, 2009
Dp2 answered:
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