Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Buying in Ohio : Real Estate Advice

  • All354
  • Local Info13
  • Home Buying206
  • Home Selling39
  • Market Conditions1

Activity 3,577
Yesterday at 12:18pm
Kathy Burgreen answered:
So you're willing to pay a 20% interest rate on a $175K loan? Because that is what private lenders charge + high fees. You don't get the low interest rates and low fees that licensed mortgage lenders give. There are plenty of private lenders. Look on Craigslist. ... more
0 votes 1 answer Share Flag
Sat Jun 24, 2017
Kathy Burgreen answered:
The only types of homes that are not VA approved is co-op apartments and mobile homes. This means any condo, townhome or single / multi family house is VA approved. You need to contact a lender to be pre approved and based on how much of a loan your lender will give you, then you can start your home search. Beware: it is up to the seller whether or not to accept an offer from a buyer with a VA loan. ... more
0 votes 1 answer Share Flag
Fri Jun 23, 2017
Scott Godzyk answered:
That is not true, find a new lender. Most reputable lenders will indeed give a pre approval before you find a home. The sole contingency will be the home appraising and a final check on your credit and employment to make sure it has not changed. The basic difference from a pre qual to pre approval s you give them your tax returns, bank statements and they verify your employment and debt to income ratio. ... more
0 votes 2 answers Share Flag
Tue Jun 20, 2017
Melinda asked:
Sun Jun 18, 2017
Kathy Burgreen answered:
You will need that money to close and yes, you can be sued. What do you mean the money is not available to you anymore? I would advise contacting a lawyer but then you don't have money for a lawyer either, correct?
Bottom line - you signed a contract. You're expected to honor the contract. If you don't, the other party has a right to sue you. Buyers can cancel a contract under the following conditions: a home inspection, if a lender refuses to finance your loan, or an appraisal. If you passed the deadline for the home inspection and appraisal, you can't go back. However, if the lender is financing your loan, how is it you don't have the money to close?
... more
0 votes 1 answer Share Flag
Sat Jun 17, 2017
Rena asked:
Hello,
I'm interested in this home (below) which is back on the market at $89,000. I feel this is overpriced being that its directly close to the train tracks. Am I wrong?

ht…
0 votes 0 Answers Share Flag
Sat Jun 17, 2017
Kathy Burgreen answered:
Both incomes can be included BUT lenders will use the credit scores of the husband and wife. Tell your parents that lenders cannot use the income for one spouse and the credit score for the other spouse. It's either both incomes and both credit scores or the wife's income and the wife's credit score. ... more
0 votes 1 answer Share Flag
Sat Jun 10, 2017
Raeleenmichele asked:
Fri Jun 9, 2017
Richardjordan360 asked:
Thu Jun 8, 2017
Mary answered:
Hi,

Thank you for your response. Unfortunately, we currently do not have listings for rent to own homes. You may try your luck though and search our website using the Keyword section of the search filter which can be found in the All Filters button. However, these listings are extremely rare.

Thank you for using Trulia!

Mary
Consumer Care Advocate
http://www.trulia.com/help/ask/
... more
0 votes 1 answer Share Flag
Wed Jun 7, 2017
Eric W Vander Werff answered:
We lend in all 50 states to a 580 FICO for VA and FHA loans. The jump from 560 to 580+ is not usually a difficult feat if you have a few months to work on it. Reach out to a well - reviewed loan officer and have them walk you through what adjustments you need to make to credit over the next 3-6 months. Best of success! ... more
0 votes 1 answer Share Flag
Mon Jun 5, 2017
Ejl577701 asked:
Mon Jun 5, 2017
Mary Shaffer answered:
The owner,pays Appraisal fee.and its a lot.Sobask up front.
0 votes 3 answers Share Flag
Sun Jun 4, 2017
Scott Godzyk answered:
It will depend if you are within your dates. Your buyer agent should be guiding you. If you are buying without one, to be sure you may need a lawyer to review your contract
0 votes 1 answer Share Flag
Sat Jun 3, 2017
Hamson6133 answered:
How Long to I have to wait to get a VA Home If I'm now in Chapter13 now and I have VA home Loan now and want to sell the home I'm in now?I only been Chapter 13 month now?
0 votes 3 answers Share Flag
Sat Jun 3, 2017
Kathy Burgreen answered:
You can start your offer at $189K and always go up in price. You can never start with a high price then try to go down - that's the seller's job, not yours. Therefore, see what the seller says. Either they will counter with a lower price, they will reject it outright OR they may accept it. If they counter with a lower price, try going up from $189 to maybe $193K. You may receive a "Yes." ... more
0 votes 1 answer Share Flag
Thu Jun 1, 2017
Charron814 answered:
also.... I Lived in house since 06...I do not feel safe in my area any longer. there's abandoned home next door and across the street. I plan on renting out the house and getting an apartment in the meantime. I wonder if I can get a loan if I rent it out. currently I'm told I can't get another FHA on top of the FHA I currently have unless I sell the house for what it's worth. It's not worth 78K...more like $40K, I'm underwater with this house and want to get away without it tearing up my credit. I do want another home. Not sure what to do...I didn't want to just let it go. But my safety comes 1st. ... more
0 votes 1 answer Share Flag
Thu Jun 1, 2017
Kathy Burgreen answered:
Do you have a plan to transfer the title or deed in a few years when payment is complete? I would advise contacting a real estate attorney to make sure everything is legal.
0 votes 1 answer Share Flag
1 2 3 4 5 6 7 ...
Search Advice
Search

Followers

82