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Moonachie : Real Estate Advice

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  • Home Buying1
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Activity 3
Sun Jan 11, 2015
USMortgageRanger answered:
Hi Gopal

Thanks for the post. Where as you maybe able to qualify for a mortgage we do not know what are your debts. There are folks who make $1M income and have $950K debts that would limit their buying power.
The first part of home buying is getting APPROVED by a Lender who has done their due diligence as to your ability to repay the loan and not cause you financial harm. We here at The Federal Savings Bank would like to introduce you to our H.E.LP.P Home Loan Purchase Program where we underwrite and approve your credit income and assets without a specific property. We will then issue a letter of commitment to lend based on the selected property meeting the underwriting guidelines. This letter lets sellers and Agents know you are serious qualified buyer and they will be more enthusiastic to work with you.

I recognize that you are very busy, so I am only asking you to spend 6 minutes with me to discuss your needs so we can determine if we can be of service to you. After answering just a few simple non-credit related questions (I do not need to pull your credit report in advance) I will be able to email you some options that will allow you to immediately determine if we are the right choice for you and your family.
I look forward to working with you to make your dreams a REALITY.

Lowell Sterling
Mortgage Banker
NMLS# 968898
The Federal Savings Bank
Mobile: 469-347-3572
Direct: 512-717-0403
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Thu Jun 20, 2013
s_bergantinos2000 answered:
Not all property in Moonachie on a flood zone. Moonachie has low property tax because it is an industrial area.
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Tue May 17, 2011
... answered:
Hi Julie

Gerard brought up a good point - knowing the real estate taxes implies that you have a specific property or price range in a specific geographic area in mind. Asking that you might need a cosigner tells me that you feel that there is some weakness in your qualifications to obtain mortgage financing or that you plan to purchase a home in excess of what your salary might support. The general answers given here are fine, but you may do well to simply obtain a no-cost, no-obligation pre-approval from a few lenders to not only give yourself a better understanding of the process but to also allow the lenders to look at a more complete picture and provide you with a a fairer and more accurate answer.

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