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Financing in Ontario : Real Estate Advice

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  • Local Info5
  • Home Buying52
  • Home Selling5
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Activity 12
Wed Apr 6, 2016
answered:
Absolutely!

I do not check replies, so if you have a comment or question email me here:
AGreer@TheMortgageOutlet.com

Alex Greer
Loan Officer
408-352-5147
NMLS #1056079
http://www.TheMortgageOutlet.com ... more
0 votes 1 answer Share Flag
Sat Nov 10, 2012
FHA 203k Mortgage Lender answered:
It is a conventional loan. The web referrence below gives more information and alternatives on that.


Best of luck
0 votes 1 answer Share Flag
Sun Nov 4, 2012
answered:
Home Path financing is only good for properties being sold by Fannie Mae, normally a foreclosure. Unless the buyer has very good credit scores, this is not necessarily the best loan product to use when buying the home because of all the pricing adjustments driving up the interest rate.

Please feel free to contact me directly if you have any further questions, I'd be glad to help.

All the best,
Ros

Roswell Moore, CMPS
Certified Mortgage Planner
480-422-5095 direct
http://www.ezAZloan.com

We are a Direct Lender, Mortgage Bank where we originate, process, underwrite, fund, AND SERVICE our loans, in-house, with FHA (starting at a 580 score AND still only 3.5% down), FHA Streamline refinance loans (NO minimum credit score, NO appraisal required) Go Green rehab loans, HomePath, Investor Friendly (10 financed properties), VA, VA Refinance loans (NO appraisal required on IRRRL loans), USDA loans, Jumbo loans, Conventional loans, plus, we allow Escrow Hold-Backs!
... more
0 votes 1 answer Share Flag
Sun Nov 4, 2012
answered:
Remember, not all lenders are created alike. Our company goes down to 620 on FHA loans without having to get a second signature or investor approval. We can go down to 580 case-by-case or even do a manual underwrite, but it take some extra time and the rate won't be as good. On our VA or USDA RDL we look for 620 but we can do a manual without any traditional credit or scores. Hope this helps.


Have a prosperous day!
... more
0 votes 7 answers Share Flag
Sat Oct 13, 2012
Mia Sophia Melle answered:
Hi Wanda!

You may not be able to buy in the near future, but really....who cares?!!! There are plenty of beautiful and affordable homes all throughout the Inland Empire that you can rent even with a poor credit history like yours.

Renting has lots of benefits! You do not have to deal with the frustration of getting a mortgage loan. You are not tied down to a property that will probably start to lose value as soon as you purchase it. You are not financially responsible for repairs and you don't have to worry about needing a large down payment, property taxes, homeowners insurance and all of the other expenses that come along with homeownership.

My company http://www.renttoday.us has lots of homes available in Rancho Cucamonga, Upland, Ontario and surrounding cities and we work with people just like you every single day. Take a moment to check out our site and see if there are any rental homes you are interested. If so, you can apply right on-line for free! Great, right? And we get new stuff every single day from real estate investors, people moving out of the area, banks, and REO portfolio holders who are looking for great tenants.

If you have any questions, please do not hesitate to call our offices at 888.927.7266.

Good luck!!!

Mia Melle, Broker
Renttoday.us | West Coast Property Specialists, Inc.
www.renttoday.us
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0 votes 4 answers Share Flag
Sat Oct 13, 2012
Matthew Bartlett answered:
Dear Angel,

The City of Ontario does offer two financing opportunities. The first being the Police Assistance Loan Program and the Teacher Home Purchase Program. To find out more about these programs you may visit the following site http://www.ci.ontario.ca.us/index.cfm/23836. Good Luck!

Matt
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0 votes 1 answer Share Flag
Fri Oct 12, 2012
Cindy Davis answered:
No one can give you an answer on a website. Each individual needs to sit down with mortgage lender, complete the loan application, have credit pulled, and submit it to underwriting. Find someone in your community who has a good reputation and start the application process. This will give you the answer you're looking for.

Good luck,
... more
0 votes 2 answers Share Flag
Thu Mar 11, 2010
answered:
It looks like I mis-read your question, Igor, my apologies to you. I do not have a loan program for Canadians to purchase a home in Canada using a US funding source. We are however, a direct lender for Canadians wishing to buy a home here in the US.

All the best,
Ros

Roswell Moore, CMPS
Certified Mortgage Planner
480-422-5095 direct
... more
0 votes 4 answers Share Flag
Sat Oct 10, 2009
Rosalinda Mustafa answered:
You might want to look into the city programs, or HUD homes, City of Pomona is giving a $100,000 DWN PMNT assistance silent 2nd loan to qualified buyers, first come first serve, must fit criteria/guidelines, but imagine the possibilities! Also, if you buy a HUD home, you can buy with $100 down pmnt if you use their financing.. ... more
0 votes 3 answers Share Flag
Tue Sep 29, 2009
Debra (Debbie) Rose answered:
Neil - to the best of my knowledge, referral fees paid within the US are not subject to withholding tax - not sure if the fact that you are out of country makes a difference.

Why not just call the broker and ask how it is handled? ... more
0 votes 2 answers Share Flag
Fri Nov 7, 2008
Scott Godzyk answered:
You would want want him to give the money as a gift. As far as the title he could not be on the title unless he is on the mortgage application with you. Good luck in your move
0 votes 3 answers Share Flag
Tue Apr 15, 2008
Oscar Espinosa answered:
Hi Mia, unless you have access to the lender guidelines and every lender's is different, I will find it very difficult to know what its their bottom line, that said, you probably want to give them time to go through their procedures, that are not always straight forward as we all like to think.
I've had some short sales where after all it’s said and one they’ve taken between 68 to 75 cents on the dollar being conservative. On your case you are asking them to take around 51 cents on the dollar. With out me knowing more details I'd say it’s gonna be a toss 505/50 chance, but you never know.
Good Luck
... more
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