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Home Buying in Lower Pacific Heights : Real Estate Advice

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  • Local Info4
  • Home Buying8
  • Home Selling1
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Activity 5
Fri Mar 17, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

We have loan programs that will allow the lower actual student loan payment to be used instead of the 1% payment.

We also have programs that allow higher debt to income ratios.

You are welcome to get in touch with me if you have any questions or would like help with this.
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Thu Jun 18, 2015
Cindy Davis answered:
If you want this question answerd, you need to speak with or meet with a loan officer directly. This is a public website. The answer involves many thanks, you income, assets, debts, credit scoe and puchase price.

Find a good lender in you community and wok with that peson directly.
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Wed Jul 30, 2014
Tim Johnson answered:
Well out of those three options, I'd say a bank would be your best bet. A lot of the time some banks are almost exclusively meant for home equity loans. It would be worth checking out a bank, and I'm sure you'll find lower rates there. I'm hoping to buy a home for the first time sometime soon, so I'm right there with you. https://norwoodbank.com/mortgages/home-equity-loan-options/ ... more
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Mon Mar 11, 2013
Lucytinaa answered:
For the most part, conventional mortgages require a qualifying ratio of 28/36. An FHA loan will usually allow for a higher debt load, reflected in a higher (29/41) ratio.

In these ratios, the first number is how much (by percent) of your gross monthly income that can be spent on housing. This ratio is figured on your total payment, including homeowners' insurance, HOA dues, Private Mortgage Insurance - everything that constitutes the full payment.

The second number in the ratio is the maximum percentage of your gross monthly income that should be spent on housing costs and recurring debt together. Recurring debt includes credit card payments, auto payments, child support, et cetera.

Check out for more details: http://fhamortgageinfo.com/
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Wed May 13, 2009
Voices Member answered:
Sannie, If you mean like a Tax sale then you might want to check here .
http://www.sco.ca.gov/ardtax_public_auction.html
http://www.bid4assets.com/help/index.cfm?fuseAction=TaxSale


This might come in handy... http://publicrecords.onlinesearches.com/

If you wondering about the REO/Gov. Foreclosures then they have databases they provide to the public for free. Like these... http://hud1.towerauction.net/CA.htm ... http://www.pasreo.com/pasreo/public/propertySearch.do
You can find the links to the Databases here and as you can see they will provide you with the purchase/bid information.... http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp
http://www.biggerpockets.com/bank-reo.html

Good hunting, Dunes
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