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Fulton : Real Estate Advice

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  • Home Buying1
  • Home Selling2
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Activity 14
Thu Oct 27, 2016
D.lowden2 asked:
Tue May 31, 2016
MCM_STL answered:
Are you sure the housing assistance you receive can be applied towards a mortgage? Often those are only able to be applied to rental costs.

I follow your thought process but have you considered the costs of home ownership above the monthly payment? When you rent, repairs and maintenance are your landlord's problem. When you're the homeowner, you have to figure out how to come up with $5,000 when your furnace dies or $20,000 when your roof wears out. If you don't have the income coming in to cover those costs, your house will slowly become unlivable. I've seen the unfortunate results many times when people can't or simply don't maintain their homes.

One thing you might want to consider is looking up your local Habitat for Humanity group. They offer programs specifically to help low-income people become homeowners.
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Tue Oct 27, 2015
Amelia Robinette answered:
no one from Trulia will answer you in this forum - you need to contact their customer service.

It might be faster to contact ClickIt Realty and ask them to do it - only licensed realtors can access listings here on Trulia ... more
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Fri Dec 12, 2014
Dmbyrne67 asked:
Looking for mortgage lender for a home that's 38,000. Poor credit due to divorce but have no problem making a mortgage payment, just need someone to give us a chance.
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Thu Feb 6, 2014
jasoncanales asked:
This question was asked from http://www.trulia.com/property/1061102216-75-Wood-Ridge-Ln-Fulton-NY-13069
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Thu Jul 18, 2013
Alison Hillman answered:
Check out local trends here: http://www.trulia.com/real_estate/13069-Fulton/market-trends/

Ali
0 votes 1 answer Share Flag
Sun Jul 14, 2013
Allan Erps answered:
Think we would need to know what area you are referring to?
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Fri Jun 28, 2013
answered:
Good afternoon Allen & Scottina,

We see many credit reports with low credit scores (anything less than 620), and often many scores in the 500's. This is BAD credit. If you are one of the folks affected by this terrible economy, you have a low credit score and you have a dream of buying a home, here's some simple advice for you.

It is unlikely you could be approved for mortgage financing with that credit score at this time.

Beware of any mortgage professionals promising you an approval with such a low score. Wait on buying a home. I recommend you take the time to resolve your credit issues.

First, settle any outstanding debt. If you owe money on collection accounts, charge-offs and/or judgments, make payment arrangements and get these accounts paid promptly.

Next, begin rebuilding your credit. If you have current accounts with good payment histories, or even some previous late-payment-blemishes, make sure you continue to pay those accounts on time. If you do not have any existing credit accounts then you'll need to establish several in order to create a viable credit history.

I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website.
http://www.consumer-action.org/

Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams. Find more from the FTC HERE.
http://www.consumer.ftc.gov/articles/0058-credit-repair-how-help-yourself

The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.

The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.

Trevor Curran
NMLS #40140
Mobile: 516-582-9181
Office: 516-829-2900
Fax: 516-829-2944
PowerHouse Solutions, Inc.
1010 Northern Blvd. Suite 234
Great Neck NY 11021
Licensed Mortgage Banker – NYS Dept. of Financial Services
NMLS#3528

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
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Fri Apr 19, 2013
Curly Sue answered:
I wouldn't say there's much hope. Work on your credit score...get it up to at least 580
0 votes 1 answer Share Flag
Mon Mar 25, 2013
Lauren Comerford answered:
620 is the lowest score I have heard to qualify for VA home loans and most require higher yet. But don't be discouraged, raising your credit score is very do-able and I'm working with many Buyers who have started on the right track. I would advise to get started with a Realtor who knows lenders who work closely and patiently to get Buyers qualified by assisting them to raise their credit scores. All situations are different, some more difficult than others-but all repairable! ... more
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Sun Sep 2, 2012
Jason Brodovsky answered:
I may have one available soon. It is fully remodelled 5BR/2BA. You could rent out rooms if you are growing a family and don't need that much space at this poiint. It has new roof, new windows, new kitchen, plumbing, additions, etc. all permitted. My friend is going to work in another state- a loss for him but a great value for the new owner because you can only charge so much for improvements. ... more
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Sun Sep 2, 2012
Jason Brodovsky answered:
If you need help buying a home, I am working with an investor who might be able to set up a rent-to-own situation until you are able to buy.
0 votes 5 answers Share Flag
Tue Jul 28, 2009
Tammy Keding answered:
Well, I take it you do not live in the home? I don't really understand if you have it listed with a real estate company how do not know? Your agent should have it listed in the multiple listing that you have to contact agent to show and they also can read the lock box to see who has been in the house. Ask your agent to call you with an up-date every Monday or have them e-mail you...Your agent should have this information! Tell your agent that you want to know when the house is being shown also ask her to tell the agents to leave their card . Hope it helps....... Tammy......... Good Luck !!! ... more
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Sat Mar 14, 2009
Robert Spinosa answered:
Kmcewen,

You may want to check out my Blog here on Trulia, especially the "Rules of Refinancing" entry. This should prove to be a good head start in helping you sort out the best options for refinancing.

If I can be of service, let me know how. Mortgage Master's rates and costs are extremely competitive and I am licensed in the state of NY.

Best regards,

Rob Spinosa
rspinosa@mortgagemasterinc.com
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