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Financing in Green Bay : Real Estate Advice

  • All102
  • Local Info5
  • Home Buying27
  • Home Selling4
  • Market Conditions6

Activity 3
Tue Sep 22, 2015
Josh Lund answered:
Hello DIardy2002,
Good morning.
Are you still in the market to Refinance your home? If so, I would love to see if we can help you out. We can do loans down to 600 Credit Score. We also don't need 3 trade lines like many banks require. I would like to see if I can help you out with a home mortgage. I will try and make this a very easy process. Please let me know how to help out.
Thanks much.
Josh Lund
MN District Branch Manager
NMLS # 387408
Gold Star Financial Group
Mobile: 612.802.3265
Office: 952.884.5442
eFax: 877.666.0007
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Mon Dec 21, 2009
Robert Chomentowski answered:
FHA loans do not have and additional closing costs for sellers than conventional loans. Also, FHA loan appraisals are no more conservative than conventional appraisals. The same appraisers that do conventional loans many times do FHA appraisals as well.

In my opinion there is way too much misinformation out there about FHA and VA loans. Many times they are easier to close than conventional loans.
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Mon Sep 22, 2008
Other/Just Looking answered:
Lender answer:

You will need an Assumable mortgage.

Assumption is a process in which one or more new borrowers are added to an exisiting mortgage in place of one or more old borrowers. The lender must approve of the substitution... which will be just like the process of application and approval of the original borrowers.

FHA loans are assumable. Other mortgages can be made assumable if they include a "Novation" clause. "Novation" is a legal term meaning substitution of parties.
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Financing in Green Bay Zip Codes