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Home Buying in Lakewood Village : Real Estate Advice

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Activity 17
Sun Jan 3, 2016
answered:
There is not a "one size fits all" answer to your question. The fastest solution with the lowest closing cost is probably a HELOC, although in TX any cash out stuff can be difficult. And also the rate will probably be higher if you want a fixed rate product.

The lowest long term cost (interest rate) would be either a cash out mortgage on your existing home or a mortgage on the proposed investment property. There's going to be a rate adjustment on either a cash out refinance OR an investment property purchase. So the rates on those as well as the costs are probably about the same. And it will probably take 30 days or so to close.

If I were you I would probably lean towards just getting a mortgage on the new home. That will help keep everything straight from an accounting/tax perspective come time to file your tax returns.

I'm a TX-licensed loan officer, so if you would like to discuss your individual circumstances and options then feel free to shoot me a message!

Tony
... more
0 votes 1 answer Share Flag
Wed Oct 14, 2015
Susie Kay answered:
Have you found your home or improve your credit?

Susie Kay
Realtor
Seniors Real Estate Specialist
Certified Home Stager

United Real Estate Dallas
469-371-2899
www.dfwdreamhomes.net ... more
0 votes 6 answers Share Flag
Wed Apr 15, 2015
Phillip Madison answered:
Christopher,

I would be happy to help you in your search. I can set up a search for you through the MLS. This is really the only way to receive the most up to date and accurate information.
Please give me call or email anytime
Phillip Madison
254-212-9186
phillipmadison@kw.com
... more
0 votes 1 answer Share Flag
Sat Feb 28, 2015
Phillip Madison answered:
I am not to sure what type of address that is, I attempted to search by just street names but nothing active came up. Please email me and I would be happy to help. phillipmadison@kw.com
0 votes 1 answer Share Flag
Mon Jan 26, 2015
Charlotte Turner,ABR®,e-PRO® answered:
3.An organization that gathers, records, updates, and stores financial and public records information about the payment records of individuals who are being considered for credit.
0 votes 1 answer Share Flag
Sat Dec 20, 2014
Gal Levy asked:
Riddle of the week:
What is depreciation?
1.A sum of money given in advance of a larger amount being expected in the future. Often called in real estate as an "earnest money deposit."
2.…
0 votes 0 Answers Share Flag
Mon Jul 21, 2014
Levelle G. Benson answered:
Rule of purchasing real estate....always have someone that represents you. Builders are out to make money and if you go in alone, they will take advantage of your desire to have a new home. I closed in December with First Texas, the sales agent was amazed because I had the lowest priced home on the street and moved in with $50K equity plus was paid a commission. Upgrades were not paid upfront.

So go in with an agent.
Give me a call or email if you have any questions:
C: 469-305-9540 | E: levellesells@gmail.com
... more
0 votes 5 answers Share Flag
Mon Jul 21, 2014
Levelle G. Benson answered:
USDA are taking 3 to 4 weeks for underwriting. They are a bit behind due to the increase in demand. However, USDA loans are excellent ways to purchase property.
0 votes 6 answers Share Flag
Fri Jan 31, 2014
Dallas Texas answered:
NOTE: Trulia currently has a tech issues posts comments are currently shown as run on statements from professionals

You can sale your home at anytime but you need to determine what your net profit would be based on closing costs, taxes, Realtor fees.

I would feel honored to represent you with listing house for sale. We market our properties for sale on venue of avenues made available.

Allow my professional profile to introduce myself to you
http://www.lynn911.com/Web/AR287090/About/index/5002763

_________________________________________
Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
972-699-9111
http://www.lynn911.com 100's of Dallas homes listed for sale or lease

Follow me on Facebook and Twitter
www.facebook.com/lynn911dallas
https://twitter.com/Lynn911

(If my answer is helpful indicate by THUMBS UP or BEST ANSWER. Thank you )
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0 votes 1 answer Share Flag
Mon Jul 1, 2013
Bruce Lynn answered:
Plenty of homes for sale in Little Elm.
Prices tend to be a little better here than some of the surround towns.

http://www.metroplexhomesalesinfo.com/listings/propertytype/SINGLE/areas/42092/ ... more
0 votes 2 answers Share Flag
Sun Feb 10, 2013
Dallas Texas answered:
Most lenders DO REQUIRE one year or more with your rental property. Plus other specifications qualfiy you for a loan.

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
Multimillion Dollar Sales Producer
972-699-9111
http://www.lynn911.com

Follow me on Facebook
www.facebook.com/lynn911dallas
... more
0 votes 3 answers Share Flag
Tue Feb 5, 2013
Gary Wiseman answered:
If your are placing an offer on a home from an individual seller (not a REO/Bank Owned) then the Earnest money is negotiable.
Right now we are seeing many multiple offer situations. If you wanted to make your offer look even better, you could raise the amount of earnest money and that could make your offer stand out over another offer.
I would be happy to answer any more questions you might have.

Gary Wiseman
Keller Williams Realty
972-746-9143
www.collincountydreamhomes.com

I can also help you find a great agent in your area!
... more
1 vote 8 answers Share Flag
Sun Oct 14, 2012
John Lyng answered:
Laurie,

I have a program that does not use scores, we do look at credit for behavior. If you have a clean rental history (minimum 12 months), and pay your current obligations on time with a clean history for the last 24 months (unless there is a recent Bankruptcy of Foreclosure) we may be able to move forward if you have a modest amount saved in order to fund your escrow account. Either way you'll get a loan faster with me than you will through a bank, without going through credit repair.

I offer a program with no down payment, no closing costs, no perfect credit required. Friday's rate was 3.625% on a 30-year fixed. The first step is to get to a workshop. Go to www.NACA.com, click on the blue 'Purchase' button at the top right corner of the page, then click on the 'Workshop' button on the left side of the following screen for a list of upcoming workshops.

Contact me with questions.

John Lyng
Mortgage Counselor-NMLS 280951
JLyng@NACA.com
... more
0 votes 2 answers Share Flag
Fri Oct 12, 2012
Brent Rice answered:
The quick answer is "No". But there may be some options for you. Feel free to contact me to discuss the possibilities. Call or text 214-808-3100. Brent Rice, The Rice Group, Inc. Top Recommended Broker. ... more
0 votes 1 answer Share Flag
Wed Jun 27, 2012
Lisa Birdsong answered:
Hi Tdanielle1, I realize this email is about 2 weeks behind your inquiry but I wanted to reach out just the same.

As a real estate professional in the area, I have sold homes built by both builders. It is very hard to make those comparisons without reviewing all the options and inclusions. Ultimately, the decision lies in which home meets your needs and makes you feel 'at home'. Both companies have excellent customer service and a solid reputation.

If you haven't already purchased your home, I would love the opportunity to help you save time and money. Feel free to contact me directly. And if you have already purchased, I'd love to know who you chose.

Lisa Birdsong
Keller Williams
(214) 394-3314
... more
1 vote 4 answers Share Flag
Wed May 9, 2012
Cande Green answered:
Great values for the money right now in Little Elm at all price points for the first time home buyer all the way up to the million dollar lakefront buyer. All of the major roads in and out of Little Elm are under construction so when they are done and more retail and commercial business starts moving in I am sure that the demand for homes will go up and drive the home values up also. ... more
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