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Miami : Real Estate Advice

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Activity 2,812
Mon Nov 7, 2016
Stephen McRory answered:
-
Best case 97% LTV (loan to value) with No PMI

For illustration purposes only, Example: 400k purchase price -3% ($12,900) = $388,000 loan amount

Can you imagine someone with decent credit and $15,000 in their checking account, throwing away $2500 mo. in rent

vs.

being able to buy a $400,000 home for even less per month?


Usually these renters fall into one of the below categories:

1. they're unaware this is possible

2. they're Nomads

3. they're BTR! (BORN TO RENT)

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Thu Nov 3, 2016
Mary Gonzalez asked:
If I had a chapter 13 by and now want to sell my home to downsize, with the profit from sale going to new home, about 50%, how long do I have to wait to get loan?
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Wed Nov 2, 2016
Christine.woods32 answered:
They want to save time and don’t want to worry about sifting through Craigslist responses and whatever else.
Besides, some of them fail to manage a proper tenant screening and think that realtor will perform the verification of applicants better. ... more
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Tue Nov 1, 2016
Adrian Burke asked:
Doesn't have recent sales or reviews. Seems like not directly linked to my zillow account. Is there multiple under Adrian Burke ? Does it all have to be under my email at my brokerage…
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Fri Oct 28, 2016
Jonathan Klurfeld, Esq. answered:
Sure, there is no reason why not. But have a good real estate attorney on board to sort out the titles/homestead/who is signing for the loan etc issues; especially since you are not yet married.

Disclaimer: I am a Florida attorney and licensed Realtor. Information posted or made available on or through this site is not intended as legal advice or to create an attorney-client relationship between you and any attorney/our firm until officially retained. You should consult an attorney for advice regarding your individual situation since every case is different and not all information is relayed in an online question.
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Fri Oct 28, 2016
Jonathan Klurfeld, Esq. answered:
Possibly. Chap 13 does not disqualify you from an FHA loan. You would need to see if you qualify before even considering buying.


Disclaimer: I am a Florida attorney and licensed Realtor. Information posted or made available on or through this site is not intended as legal advice or to create an attorney-client relationship between you and any attorney/our firm until officially retained. You should consult an attorney for advice regarding your individual situation since every case is different and not all information is relayed in an online question. ... more
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Fri Oct 28, 2016
Julio asked:
200 k I have a property overseas and I'm renting it , I'm planning to pay the 50 k loan with that money, I have 140.000 for a down payment, and I need help to buy a single home…
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Fri Oct 28, 2016
Markzjordanz answered:
No credit check, 1 percent interest 30 year fixed, 4.5 proof of funds in which u can use vet status or 401k, the property has to be appraised at 350 k and up. 30 day close, 8037576801
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Fri Oct 28, 2016
USMortgageRanger answered:
As a first time home buyer the FHA home loan is the wrong loan to get qualified on unless you are coming out of some type of hardship. I have a conventional loan that requires just 3% down and optional PMI that can be paid by the Lender or seller. This loan has a lower cost than your FHA home loan. I would be delighted to provide you with some mortgage options that will allow you to make the best decision for your family. I can be contacted for a FREE no obligation consultation.

Lowell Sterling
Mortgage Banker
NMLS 968898
Phone 469-347-3572
... more
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Thu Oct 27, 2016
Prosper Realty answered:
I wouldn't just look at condos only. There are more good investment options. Try contacting Home Loans For All. They typically assist buyers in finding multiple lenders that can get them approved but I believe they also work with people looking for investment type properties. They'll be able to help. We've sent quite a few of our clients to them.


Best of luck!
... more
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Tue Oct 25, 2016
Edutai2008 asked:
2801 sw 104th CT Miami FL 33165. Osmany Mondaca Realtor. Spam review by zuser.......................
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Mon Oct 24, 2016
Sally Grenier answered:
Your duties are the same, regardless of the type of property. You want to always keep your client's best interests in mind, disclosing any known material defects you area aware of, negotiating the best possible price and terms for your client, etc. Maybe you need to re-read your buyer agency agreement and see exactly what you're supposed to do for the buyer! :) ... more
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Sat Oct 22, 2016
Blanktoo2 answered:
Deferred student loans deferred while still in school should not impact your credit. In fact I think it's the perfect time to buy, but if you are in repayment after graduation or left school, then deferment will be a negative consideration for lenders. I purchased my home while working in my career and attending undergraduate university without any problems. After graduate degree, I started the IBR program that factored my income, bills (incl. mtg) into my payment . It's very important to "do the math", plan carefully before taking on student loans. The Dept of Ed. has great repayment terms for teachers and government employees but private loans to pay for an education is a disaster to avoid at all costs that makes buying a home a very tough goal to achieve. ... more
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Sat Oct 22, 2016
Blanktoo2 asked:
A big upside to assumable mortgages that are more than half paid off means that that unlike a new mortgage payment that goes to almost all interest, the payment on an older assumable mortgage…
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Tue Oct 11, 2016
Marcbtrucks asked:
Sun Oct 9, 2016
Scott Godzyk answered:
You can draw that agreement, but not sure any broker would sign it without payment for them. The listings and pending sales, although the agents, belong to the broker. However it is always worth asking ... more
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Thu Oct 6, 2016
Daniel Parsons answered:
Hello, I did my search for a Florida Online Real Estate School that had the REcampus courses. I've been told by several florida real estate agents that REcampus courses are the very best you can get to pass the Florida State Exam. After comparing all the schools that has the REcampus course I found that the best Florida Real Estate School online is called Rowlett Real Estate School. In addition to the course, they offer narrated videos in student resources at no charge which was a plus since most schools charge you for every little thing. I was very impressed with this school. I am looking forward to getting my brokers license with them. I would recommend to anyone wanting to take a Florida online real estate course for a Florida real estate license to check out Rowlett. They have great customer support and were very helpful every time I called. Good Luck with your choice. ... more
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