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Financing in Rohnert Park : Real Estate Advice

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Activity 6
Sun Feb 10, 2013
answered:
Thelma:
It's been over two years since you asked. What happened?
Tony
0 votes 4 answers Share Flag
Sun Feb 10, 2013
Jeff Marr answered:
Diver4kal - most conventional lenders won't lend to a partnership, we lend to individuals....

However, after the loan process is complete, you can transfer ownership into your partnership...

If you're doing an FHA loan, then only one person needs to be able to occupy the home, the other applicants will be considered non-occupying coborrowers...

hopefully this helps and good luck!

best, Jeff Marr
... more
0 votes 6 answers Share Flag
Thu Sep 16, 2010
Mirjam de Rijk answered:
Dear Thelma,

Since you live in Rohnert Park, are you banking with Redwood Credit Union? If so, you might want to try them?
0 votes 3 answers Share Flag
Thu Sep 16, 2010
Thelma asked:
I was appointed an EPH lab fellowship at Cal. Dep. of Toxic Subs Control (Env Chem Lab) for 2010-2011 with an annual stipend paid biweekly. (it islike a post-doc basically). I dont get a…
0 votes 0 Answers Share Flag
Mon Dec 8, 2008
Bill Eckler answered:
Since we all know it's necessary "to kiss a lot of toads befor you find the prince." We suggest begin interviewing loan agents and collecting information. The jargon is very confusing. Be sure you ask questions and understand everything they say. Avoid nodding your head "yes" when you haven't the foggiest.

One thing we have learned is once you have what appears to be the best rate be sure to take it to another representative. They will tell you if it's good or bad and if they can match or beat it.

An important rule....don't expect the first person you speak with to give you the best rate going.......

Good luck
... more
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Fri Jun 15, 2007
Yasmeen Hillyard answered:
World Savings, Wachovia, Princeton have been great experiences for me so far.
0 votes 2 answers Share Flag
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