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19137 : Real Estate Advice

  • All7
  • Local Info1
  • Home Buying5
  • Home Selling0
  • Market Conditions0

Activity 5
Wed Jul 31, 2013
Philip J. Cunningham Sr answered:
contact Neal at 484-356-5719 he does all the credit advising for my clients. Just tell him you were refered by me any questions just call me at 214-725-5700 X49

Philip Cunningham
V.I.P. Realty Corp
7942 Bustleton Ave
Philadelphia,PA 19152
215-725-5700 X49 cell 267-934-1971
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Thu May 2, 2013
Michael Cheng answered:
Fri Sep 11, 2009
Debra Sargent answered:
You can get the additional $20,000 in the form of a 203k FHA home improvement loan that can be piggy-backed on your home loan if you are using an FHA loan to purchase a home. But you can not actually get money in your pocket. To my knowledge, cash back loans are not available when purchasing a home. If you should refinance in the future, some lenders will allow cash out loans. Lending guidelines have become much more strict and limited in the current housing market, so your best bet would be to talk to the lender that qualified you and see what loan products they offer. ... more
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Fri Sep 11, 2009
Brigita McKelvie answered:
Good morning, Miked1104!

The answer to your question is no, the lender will not loan you the extra $20,000. The lender will only loan you 80% of the market value of the home. Reason being is that if for any reason you should default on your mortgage, they want to be sure that they will be able to recoup the money they lent you.

If you qualify, there are many programs that will assist the seller with down money and closing costs. Check with your lender to see if you qualify for any of them.

Brigita McKelvie, REALTOR, e-PRO, GRI
Keller Williams Real Estate, Bethlehem, PA
Office: 610-867-8888 Direct: 610-393-9424
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Mon Nov 19, 2007
Emily Erekuff answered:
Hi W,

The link below shows 37 homes currently for sale in Bridesburg. I hope you can find a comparable home among these results.

Best Wishes,

Emily Gibson
Customer Service Representative ... more
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