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Financing in Palm Bay : Real Estate Advice

  • All348
  • Local Info30
  • Home Buying84
  • Home Selling10
  • Market Conditions26

Activity 3
Wed Jun 21, 2017
Ronoldo Appleton asked:
Hi, I'm in NYC and have a 2-family house with a mortgage balance of $439k, down from $490k in 2005. It was a no-money-down loan at the time, and since then we did a modification given…
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Sat Jun 11, 2011
Ruth and Perry Mistry answered:
Yes, difficult but doable.

Good luck.
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Mon Sep 20, 2010
Hi Jim

I would recommend not only talking to your bank but also a "mortgages" only direct lender as well. Not only will you be better assured a more competitive rate, but typically mortgage only direct or coorespondent lenders have more true in house control over the transaction and can close sooner. The latter could be a key incentive for a seller to accept your offer over someone else who may require 30-60 days to close. ... more
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