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Financing in Salem : Real Estate Advice

  • All81
  • Local Info9
  • Home Buying15
  • Home Selling3
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Activity 5
Tue Aug 31, 2010
Julie answered:
Yes this is still available!
I have lenders that will offer 40 year term, interest only, fixed or adjustable! Before you decide to take out two loans I would weigh out the options for 1 loan first, even though you could pay off the second quicker you may be able to make the money work more effective. ... more
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Mon Oct 26, 2009
Jason Diperstein answered:

Thanks for the approval, glad I could help. Be sure to read the link I sent carefully, especially the qualification criteria. You mentioned that you think your association qualifies but there are a few factors like the percentage of individual vs. company ownership that you may have no way of knowing. Good luck to you!

Kind regards,

Jason Diperstein
E Mortgage Management
800-793-9633 ext. 156
... more
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Thu Oct 15, 2009
Suburbndeathcamp answered:
Thanks to everyone for the help. We did get approved with Sovereign Bank and our closing is October 29th!! Someone really should teach people what they are doing.. especially with something this important. Thanks again!! ... more
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Mon Oct 5, 2009
William Polack answered:
This may be a case of "Oops, I'm not able to do this loan" syndrome. This happens when a loan officer doesn't do his/her homework and realizes after going half way through the process, he/she cannot do the loan because it is not warranted by Fannie Mae or there are too many investors in the project or the Association is in financial trouble or the maximum debt ratio on a certain program is 42% instead of 46% or...Your best bet is to go with one of these guys below that took the time to answer your question. ... more
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Mon Jul 7, 2008
Michael Giles answered:
Hi KP,
It's really all relative. what you are losing on your condo you will gain when you purchase your new home at today's prices and the market starts to get stronger. It seems like you have enough resources to get into a single family home and that the need is there. Have a market analysis done on your unit and find out what your true numbers are. Then you can decide how much house you can afford. If I can be of any help don't hesitate to call. ... more
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