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Theodore : Real Estate Advice

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  • Local Info2
  • Home Buying1
  • Home Selling1
  • Market Conditions0

Activity 9
Fri Apr 29, 2016
Haneyrealty1 asked:
Thu Mar 21, 2013
Rodney Mason answered:
With any REO property, they generally hold all offers for the first few days after a property is listed for sale or has a price reduction. If there are multiple offers, at that time, they will ask for highest and best from all buyers.

Getting Pre-Qualified in advance for HomePath Financing will also work to your advantage.

Working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your mortgage options. To get Pre-Qualified for your purchase, you can submit your request online at www.rodneymason.com.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
... more
0 votes 3 answers Share Flag
Tue Jul 31, 2012
Rodney Mason answered:
You can if you qualify. A lot will depend n your score and your debts vs your income. To get Pre-Qualified, you can submit your request online at www.rodneymason.com.

Regards,

Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing
... more
0 votes 1 answer Share Flag
Sat Feb 4, 2012
Jeri Patrick answered:
Getting Pre-Qualified for financing is the first step. That will let you know what your parameters will be for your purchase.
0 votes 7 answers Share Flag
Thu Mar 10, 2011
Mack McCoy answered:
Yeah!

So you're thinking that if the property sustains $125,000 worth of damage, you'll then pay off the mortgage and won't rebuild the home?
0 votes 4 answers Share Flag
Sun Feb 6, 2011
Rameh Khazen answered:
Hello!

I would definitely continue to pay the mortgage while awaiting the loan modification. If it doesn't get approved you would then owe a few months back payments and that could be impossible to pull out of. There are a lot of options if the loan modification doesn't work.

Have you ever at any time of the life of the mortgage ever paid a larger lump sum on it or made extra payments? I have seen banks lower payments and keep the rest of the terms the same by request and at no fee.

You could also try refinancing if your loan doesn't have good terms.

Lastly, you could downsize to a smaller home. I have sellers wanting to trade homes depending on what your home is like. Obviously, I am also a Realtor so if you need someone to sell your home, I could do that too!

Thanks,
Rameh Dickens
251-786-4673 or ramehtherealtor@gmail.com
... more
1 vote 2 answers Share Flag
Wed Aug 4, 2010
Kathy Golemon answered:
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