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Home Buying in Gurnee : Real Estate Advice

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  • Home Buying9
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Activity 16
Thu Jun 16, 2016
Jacque Star asked:
I have not yet been pre-approved for a loan . I want to know with excellent credit score how possible would it be to be approved for a loan when you have a mortgage?
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Fri May 13, 2016
Joya asked:
We made an offer on a house. Offer was accepted and everyone signed. I did the inspection and submitted our requests for repairs. The seller flew off the handle (we were not asking for anything…
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Sun Jun 7, 2015
dkeefe answered:
Gurnee is a great area for any family.
Having lived in lake county for over 20 years, first in Buffalo Grove, then Lake Villa, back to Buffalo Grove and finally in Gurnee for the last 10 years, I can say all things considered (financial and family) it is the best. Schools are great, crime rate is low, and there is no end to the resources for shopping and restaurants. Gurnee is just 15 minutes to train stations in Waukegan to Ogilvie, or Libertyville to Union station, in Chicago, and all the communities in between. The best part is because Gurnee is a little further out home prices are a little lower than other communities with all the same amenities. You will get much more for your money. There is also the Gurnee Park District and Hunt Club Aquatic Center for family fun. There is a wide variety of homes, and price ranges, to choose from. The reason there is so many homes on the market is the pent up need to move due to real estate prices being depressed in most places around the country for last few years. Since home prices are on the rise more homes are entering the market. Even so, many are being sold below what they cost in 2007. It is a great time for buyers; not so much for sellers. ... more
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Fri Apr 10, 2015
Bob Brandt answered:
A CPA could give you the proper advice. Not many of them will answer a question in a forum like this.
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Wed Nov 19, 2014
Gary Geer answered:
You should sit down with your agent and discuss your situation. The agent can help provide guidance to assist you in making the best decision.

All the best.
0 votes 5 answers Share Flag
Thu Oct 2, 2014
Gary Geer answered:
C. ,
As you most likely know, any property can provide a good return if the investment is structured right. I have years of experience with investing and working with investors. If you need help let me know.

All the best,
Gary Geer
Results Realty USA
... more
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Wed Aug 27, 2014
Larry Bernstein answered:
If you are still in the market to purchase, I can offer options with credit scores down to 580 w/ 3.5% down. If you are putting 10% down, I can offer options down to 550 scores. Call me if you would like to discuss. Thank you.
Larry Bernstein, American Financial Network, (847) 815 - 8229
... more
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Tue Feb 11, 2014
John Walin answered:
Scott's absolutely correct. Many hoa's want to attain FHA approval and non owner occupants affect that eligibility. One way to rent is to create a land contract with option to purchase after rental, and have the understanding with the tenant that you will not exercise the sale component of that contract. A two year lease with a crazy high price two years hence, That way the condo won't appraise out for a mortgage and the sale falls through..

Talk to attorney to write it up properly to protect your interests and avoid HOA coming after you.
I sold a condo listing I had in pembrook 2, gurnee last November, no rentals in there, but ok in pembrook 1.

If you like my answer, thumbs up and best answer me, thanks!
... more
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Sun Aug 18, 2013
John Walin answered:
Hi
How long will you be stationed at Great Lakes? I don't think it makes sense to buy if you are stationed here less than 3 years. New construction Volo is pretty far west, and builders nowadays do not build spec houses so you have a 6 month building time, short term rentals are rare and charge a premium. Do your own research on school districts, if that is a factor. My vote is Gurnee resale and with VA loans the best deal going if you have a VA certificate of eligibility in hand.
My son ETS last year from active duty Army, I work a lot with service personnel, call, text or email me if you want to discuss options.
Thumbs up me and best answer if you like my response.
Thanks!!

John Walin
Trulia PRO VIP
Coldwell Banker
847 276-0120 mobile/text
john.walin@cbexchange.com
... more
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Sun Mar 31, 2013
John Walin answered:
short answer is no.................great over answered answer Don!
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Sun Mar 31, 2013
Greg Zaccagni asked:
and customer service would be greatly appreciated!
http://www.richmondamerican.com/Default.htm
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Tue Dec 6, 2011
John Walin answered:
Sat Jul 2, 2011
John Walin answered:
WOW this is an old question. Only thing to add that the best answer missed was average numbers are deceiving. Whether avg sold price or avg days on market, those stats are useless as a basis to say where to come in at on a specific property. Some homes sell in 5 days, others sell in 200 days and some never sell making an avg of 156 days on market. ... more
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Wed Jun 29, 2011
John Walin answered:
Hi
Plenty of local mortgage expertise in Libertyville. co-signer won't make up for a bad score, only a marginal score.
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Sat Feb 12, 2011
John Walin answered:
WOW this is an old post, rephrase the question if still needed...
0 votes 7 answers Share Flag
Mon Jan 31, 2011
John Walin answered:
Credit score is but one factor used in underwriting approval. it is the first hurdle, but also taken into consideration is job history/stability, salary or variable contract work. Also look at total debt to income ratio and liquid assets. I have seen people with decent credit scores denied loans because of too much overall debt or job instability. Owning your own business can be tough too because they look at net income not gross income before expenses. Rule of thumb is 18 months in the same job. Plus they want to get 2 years of most recent taxes.

If you like my answer, select best answer and give me a thumbs up, thanks! Of course call me if you would like me to put you in contact with a lender that can pre-qualify you over the phone.

Best of luck!
... more
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