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Mount Orab : Real Estate Advice

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  • Home Buying4
  • Home Selling0
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Activity 6
Thu Apr 27, 2017
Kathy Burgreen answered:
Yes you can purchase a home anywhere you want. Since my husband is a retired teacher & I was a realtor, I know first hand that 90% of realtors are stupid and don't understand that retirees CAN qualify for mortgage loans OR pay for their new home with cash.

Lenders do understand that retirees income is either pension, Social Security and/or investments and savings. All of these sources of income counts towards buying a home but all realtors think of as income is a job. Therefore, to get past the ignorant agents, you will need to have a pre approval from a lender OR a statement from your financial institution if you are paying cash for your new home.

Final tip: Don't let realtors tell you what type of home may be more suitable for you. Stick to what you are qualified for. Agents are goood at twisting the truth to benefit them.
... more
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Sat Aug 24, 2013
Angie Wade answered:
I live right down the street and that home has only been empty for about 6 months the people moved out because it was bed bug infested and sold at auction for 25,000
0 votes 2 answers Share Flag
Thu Jul 12, 2012
Looker asked:
is it for sale or what is up with the property? who to contact?
0 votes 0 Answers Share Flag
Mon Oct 12, 2009
Pamela Shipley answered:
Tony,
It does sound as though you are using an FHA or USDA loan. If you can possibly choose a local bank as your lender and attempt conventional financing, that would work best for you to purchase this home. There are some banks in the Mt. Orab, Georgetown and Ripley areas that will still finance property such as you have found. Farm Credit is a good option as well. If you would like, email me and I will try to help you. ... more
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