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Hamilton County : Real Estate Advice

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  • Local Info1
  • Home Buying1
  • Home Selling0
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Activity 361
Tue May 19, 2015
Jrplanning answered:
Yes, yet might need to be coupled with additional income. However, this will all be contingent on the amount borrowed and the open minded lender. Good luck.
0 votes 1 answer Share Flag
Thu May 14, 2015
Joannairise answered:
Part of the cost of purchasing a home with a VA guaranteed home loan is the payment of a VA loan funding fee. Some borrowers are exempt from the funding fee--the Department of Veterans Affairs exempts veterans who receive or are eligible to receive VA compensation for service-related medical conditions.

This is good news for qualified VA borrowers who are exempt from the fee, but not all veterans have their exemption status verified at the time of the loan application.

If a vet does not have government-recognized disability status at the time of the loan's closing date, the veteran may be required to pay the funding fee and apply for a refund only when there is official notification that the veteran's disability status has been placed on file by the Department of Veterans Affairs.

If the borrower paid the funding fee in cash, the refund is also returned to the borrower in cash. If the veteran included the VA loan funding fee into the loan amount, VA regulations prohibit getting cash back-the refund is applied to the loan balance instead. Here's the exact wording of the VA loan rule as found in Chapter Eight of the VA Lender's Handbook:

"A refund is appropriate if:
an exempt veteran paid a funding fee, or
a miscalculation of the fee caused an overpayment.
If the veteran was overcharged, the following applies:

A veteran who paid cash for the funding fee receives a cash refund for the amount of the overpayment.

Reference Link: http://valoanguidelines.org/funding-fees-pmi/
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Thu May 7, 2015
Scott Godzyk answered:
This is the q and a section so unlikely trulia service will see your post. First it takes 48-72 hours for a listing to go live or public once you post. To reach service, scroll to the bottom right of page and click on help center ... more
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Tue Apr 28, 2015
Kelly_MercedInsuranceAgent answered:
One concern you may have Is obtaining insurance. Insurance on older homes is more costly and they will want to know if you've updated the roof, wiring, plumbing, heating etc... As insurance agent I find older homes, particularly those build before 1970 to be somewhat challenging especially if it is the type of sale where the buyer receives no information on updates, renovations and remodels. Inspections are a MUST for an older home. ... more
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Sun Apr 5, 2015
HEPHTSIBAH98 answered:
Hi! Look for homes at Brently Woods/Brently estates close to Hurricane Creek but newer homes; it is one of the best-kept secrets in the zipcode 37421 area.
Good schools, close to the mall/grocery, safe and child-friendly (for grandbabies). I use to live there, I am an RN and it is about 25 minutes drive to Memorial hospital and Erlanger hospital. 30 minutes to Dalton GA. ... more
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Wed Mar 25, 2015
jerryclimber answered:
Hey you can deff get a mortage - anyone with 9 k down will get some kind of mortage its going to be based on the amount down versus the value of the home . And how much ou currently OWE
The answers you are getting are helpful for sure and also not completly accurate - lets say something silly like the house cost 25k and you can put 9 k cash down - I can promise you the mortage company on Morre road on the left just as you exit the I 24 will work a deal out - whay dont you just go over there in person and see what you can get -
Im saying - get it from the horses mouth in a way - No disrespect here but - crazzier things have happened and there are many creative ways to get a loan .

On the flip side you want a good loan - if there is such a thing for small market housng - So repair the score its way way easier thnk you think - i went from 560 or so all the way to 786.
Then i went even higher .....
Look credit scores are just one factor looking at your loan - good money down is good money down - its the ratio of the money down to the value of the home - Next up is your proavable income prove to a lender you are now making 500k a year ad i swear to whatever you will get that loan .... NO BRAINER - George at Regions will throw money at you - Lets more realistic - How long have you had your job and what do you owe now ?
Why dosent anyone mention debt to income ratio - if you owe 78 k on and income of 89k you will not get the koan - why not ? Because you cant pay both of them off - you could run into wage garnisment and bank ruptsy --- very doubful .
You need to take dirrectly to the loan specialist ok - I think that one is North Mmortage - Anyhow they will eat you up with fees so i suggest getting a loan for a home thats in a great area but need some work - NOT a new roof kind of work unnless it is a roof that is half way through its life and still works - that is ok - But lets say a limb from a tree smashed througha part of the house ad it has only ad i meen ONLY cosmetic damage - thats your Golden egg- you can fix that but if it has Mild stay away ... 9k down is a failr amout a good lender will work with you - i say you can geta loan just not s mssive one -but you dont want a massive loan anyhow its years off paying nothing but interwst ...
Hope this helps im beat ,,,,,
Jerry Roberts www.chattanoogatreeservice.com

Jerry - ps sorry for the sloppy typing im beat and fight for the pointd
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Tue Feb 24, 2015
Anna M Brocco answered:
Average time does vary by exact location, pricing, condition, size, etc., therefore review a market analysis with your agent, see what the data suggests and go from there...
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Sun Feb 22, 2015
Nitae05 asked:
I have been actively looking for a home for more than a year now, and I have become very impatient when it comes to Trulia allowing anyone to make listings without background checks. You…
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Thu Jan 1, 2015
Jaydelizscleaning answered:
I do asset Management for all the banks foreclosed homes that people buy as investment prices. email me your info to Jaydelizscleaning@gmail.com and we can further discuss what kind of investments properties you are looking for. Thank You ... more
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Sun Dec 28, 2014
Murphy Team answered:
Sign in at Trulia, go to "My Listings" and click on "edit listing".
0 votes 2 answers Share Flag
Sat Dec 27, 2014
My NC Homes Team answered:
There are no federal tax credits for first time home buyers these expired in 2010, so unless there's some MN state tax credit there's nothing for you to do whoever suggested to you that there was a tax credit simply gave you misinformation. ... more
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Wed Dec 10, 2014
Randy Tanner & Lindsey Racher answered:
Please contact a local realtor.
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Wed Dec 10, 2014
Randy Tanner & Lindsey Racher answered:
Contact a mortgage broker of your choice. I believe you can find mortgage brokers on here.
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Sun Dec 7, 2014
Don Tepper answered:
No, it is not necessary.

However, it's usually advisable. Further, the example you gave doesn't make sense. If the buyer is paying cash, he still needs all of the services that would be provided by a buyer's agent. What the buyer doesn't need is the services of a lender. ... more
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Sat Nov 15, 2014
Travis Close answered:
Depending on what the projects are. Many times it is easier to sell As-Is. Most of the time a buyer wants to put their style into a home and feel that is hard to do it you have done all the work and are asking top dollar because of the work that you have put into the home. That size of home on Signal Mountain would attract many of todays buyers. ... more
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Wed Nov 12, 2014
Travis Close answered:
There are several Homes for rent and that will do a lease purchase in your area if you are still looking.
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Wed Oct 29, 2014
Andy Winget answered:
Perhaps you drew this conclusion based on a web generated price estimate. These are often inaccurate because they do not take into account comparable sales in the neighborhood, but rather estimate the price based on the last sale price of the home, adjusted by the average home price change in the same zip code (or something like that).

A local Realtor is always the best resource for finding the fair market value of a home!
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Sat Oct 25, 2014
spearsjim answered:
NAARPI International, www.naarpiinternational.org They are the recognized leader when it comes to education to the property preservation and field inspection industry. Their course work is second to none and recognized not only in the United States but overseas as well. NAARPI International offers several courses including CFI, CPPS, CWT, MPPS and State Approved real estate course to help you gain your license. NAARPI International's course are fully accredited and are offered in a live classroom environment or online for those who prefer distant learning and learning at their own pace. ... more
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Thu Sep 18, 2014
Katherine Williams answered:
Thu Sep 18, 2014
Katherine Williams answered:
section8 is for people who cannot afford to pay full rent for whatever reason. low-income people are being persecuted and in some cases mu____. we are seen by some group as parasites. I'm trying to get away from it asap. ... more
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