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Financing in Pompano Beach : Real Estate Advice

  • All386
  • Local Info27
  • Home Buying97
  • Home Selling15
  • Market Conditions25

Activity 7
Sun Jan 17, 2016
Carrielowe84 answered:
Me and my fiance got approved trough Vanderbulit mortgage for 135,000. my fiance makes 80,000 a year but owes 5,000 in taxes to the irs. We have set up a payment plan and having been paying on it for two months will we get denied the loan. I have the credit and he has the income. Can you give me some advice on what to do. we have two children and was thinking we could pay our debt off by claiming them and lettting the irs take it for what we owe. ... more
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Tue Jul 15, 2014
Ray Stevens answered:

I have some ideas that have resolved this issue with other clients of mine. Please give me a call to discuss.


Ray R. Stevens
GSF Mortgage Corporation
Branch Manager
Branch NMLS #1122003
Originator NMLS #177825
Office: 239-471-7971
... more
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Fri Nov 1, 2013
Gary Hitchcock answered:
No way to know that. It varies from 96.5 FHA to 80 percent conventional and everywhere in between. With a good credit score you can get a 95 percent conventional loan now.
0 votes 1 answer Share Flag
Sat Mar 5, 2011
Jose Morales answered:
I specialize in foreign national. Need a minimum 30% down payment. Have several adjustable programs. I can make available to you a FREE report outlining the guidelines for my foreign national lenders. Call or email me for a copy.

Jose Morales
Florida Mortgage Coach
“We Coach You Through the Mortgage Process”
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Fri Aug 27, 2010
Carl Ashton answered:
Pre-qualifications from major lenders are usually good for 90 days. If you are close to the 90 days all your numbers will nned to be ran again prior to closing.

We would just need updated paystubs and updated bank statements after you exceed 90 days, government requirements may change as they are working on current legislation now .

please visit my blog on trulia for more information.
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1 vote 5 answers Share Flag
Thu Jan 21, 2010
gabriel palotas answered:

My answer will surprise you. All of my colleagues have given you choices and options which are standard in the market place.
My response is more aggressive: Buy what you can afford and with CASH
The value of the Canadian dollar is presently nearly par. How long will that last? Bet you that it will adjust shortly and not positively.
Your maximum stay outside Canada is six months yet your liabilities with a mortgage are constant.
Since you mentioned a vacation home and not an income property you will create an uncontrolled debt that makes no sense.
There are other expenses to consider. ex; Maintenance, Taxes, Assessments, Utilities, Insurance.
When you add this up and add in your mortgage costs than you can calculate how much you will be spending each year.
Now you have a choice. Given the present market conditions as an example and adjustments for a possible value increase in the next five years compare the cost of seasonal rental VS Purchase with a mortgage.
Exclusive Buyer's Agent
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