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Financing in Schenectady County : Real Estate Advice

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  • Local Info2
  • Home Buying3
  • Home Selling0
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Activity 7
Wed Sep 7, 2016
John Burke answered:
Hi Cathy,

No, that's not common. I would do your pre-approval contingent on the sale of your current home which means you would have to sell your current home before you can close on the new one. Unless you can qualify for both mortgages and you're comfortable with that as an option.

Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number.

Please feel free to contact me for more information or help.

John Burke
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
Apply Online:
NMLS# 787231
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0 votes 1 answer Share Flag
Mon May 27, 2013
Dennis Evans answered:
Hello Brettromano,
I would recommend talking to the banks, Credit Unions and other financials institutions you already do business with.... There is nothing better than doing business with the companies and people you feel comfortable with.
Lot's of options and they may be able suggest other ways to get the financing you are looking for...
Hope this helps...
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0 votes 2 answers Share Flag
Mon Jul 30, 2012
Trevor Curran answered:
Good morning Elizabeth,

Often I meet clients who think their credit is, as you say, "not so good." When I review their credit we find they actually qualify for a mortgage loan!

You mention not fully paying off credit cards. Let me strongly caution you NOT to pay off your cards! In today's lending environment we definitely want to see accounts open and active with balances. I recommend speaking with an experienced Mortgage Banker to get properly prequalified. The Mortgage Banker will review your Income, Assets, and Credit. If you are not qualified due to your credit score, your Mortgage Banker can recommend a course of action to improve your credit and become qualified in the future.

Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams. Find more from the FTC HERE:

I am a Licensed Mortgage Loan Originator in New York State working for a Direct Lender. I have been helping First Time Buyers as a mortgage professional for 22+ years. If you wish to explore this further, I'd be happy to help!

Trevor Curran
NMLS #40140
Mobile: 516-582-9181
Office: 516-829-2900
Fax: 516-829-2944
PowerHouse Solutions, Inc.
185 Great Neck Rd, Suite 240
Great Neck NY 11021
Licensed Mortgage Banker – NYS Dept. of Financial Services
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Fri Feb 19, 2010
Carl answered:
PSS> For your reading enjoyment I sold a 3/1 property at ~800 sf, ~7500sf lot size , no garage, no fireplace, no carport, newer (4 yr old) boiler w/ no central ac,. older roof (10 years+), newer kitch & bath,. for $155k - closing on Nov 30 2009. was in 12205 zip, right down the street (maybe 4-5 miles driving) in Maywood area.. ... more
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Mon May 5, 2008
Leslie Of Trulia answered:
Hi Mark,

Since you didn't provide an email in your profile, I'm afraid that I will have to reply to your answers publicly. You may not post an advertisement for your services on Trulia Voices. Please review our Community Guidelines located at and check out our Agent Best Practices blog post at the link below for more helpful information.

Best Wishes,

Leslie Taylor
Trulia Voices Moderator
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0 votes 5 answers Share Flag
Thu Nov 8, 2007
Suzanne Walker answered:
At least 1 year due to seasoning requirements. And, IF a lender will due it prior to 1 year you can bet you pay big bucks for it.

Ultimately, what establishes the value of a property is what a seller is willing to sell it for and buyer is willing to able to pay for it. Thus, the underwriter will question the sudden appreciation of the property. In the current lending market I'd say be prepared that they might make you 'prove' the property has appreciated as much as you say it has. ... more
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