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Financing in Phoenixville : Real Estate Advice

  • All77
  • Local Info8
  • Home Buying22
  • Home Selling2
  • Market Conditions3

Activity 5
Mon Oct 27, 2014
Michael Pittman answered:
I have used Wells Fargo for 14 years and have nothing but great things to say about them.
0 votes 10 answers Share Flag
Thu Jan 6, 2011
Sellhousefast answered:
That depends on how much the house your buying is. The government was offering 8k and 6.5k but that is over. You can still get the realtor rebate however. You would have to buy a house over 700k to get that high of a rebate. ... more
0 votes 2 answers Share Flag
Fri Aug 21, 2009
Hannah Fliegel answered:
Hi Kimandjd121

With a credit score of 630 you can qualify for a mortgage. However a 630 credit score is a very low credit score. Did you know that a 720 credit score can lower the interest rate which would mean for the same monthly payment you can purchase a nicer home in a nicer area and pay less money?

Any good honest realtor should be helping you improve your credit profile so that you can borrow money better. They benefit too because they can sell you a larger home. :)

Down the road you may want to finance a car and you will need a credit score of 680 in order to qualify for that as well. Did you know that utilities cost more for consumers with lowe credit scores.

You pay for credit repair once and that fee is $399.00. with a money back policy. You pay for poor credit for a long long time. Good luck!
... more
0 votes 4 answers Share Flag
Sun Apr 5, 2009
Lori Jeltema answered:
Hi Alex,

Thank you for the positive remark and understanding most of our positions on the matter. I think that a lot of people think that we are only out for the sale and are pushing people into making big financial mistakes. If you find the right agent (and there are many great ones out there), they are going to want you to buy what is affordable for you at the right time. That agent is going to want you to be happy because most of us rely on word of mouth and return business to keep our business alive! I always try to get my buyers to start off looking at the lower level of their range and bring a good faith estimate and calculator with you. When you are looking at homes, you should know roughly what your payment on the home will be before you walk in the door and fall in love with it. Best of luck and try to keep us up to date! ... more
0 votes 8 answers Share Flag
Fri Apr 3, 2009
Ed Fallon, MBA answered:
You need to decide if you are definitely planning on moving in the next couple of years. If the answer is yes, I would say don't refinance. You won't recoup your upfront costs. If you plan to stay a few years or longer, then you should definitely talk to a mortgage lender about your options. This is not a "do it yourself" procedure because of the concerns that you have expressed. Havethe lender lay out your options and then you can make the decision based on real numbers.
Ed Fallon
Lincoln Mortgage
Conshohocken, PA
610-308-9001
efallon@linc-mort.com
... more
0 votes 7 answers Share Flag
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