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Home Buying in Virginia : Real Estate Advice

  • All310
  • Local Info16
  • Home Buying192
  • Home Selling28
  • Market Conditions5

Activity 3,370
Yesterday at 6:41pm
Charles Farley asked:
Trump is planning to cut a lot of the useless high-paying jobs in the area, and also I believe he is working to get rid of the NAR-backed, unfair, mortgage interest deduction. With this…
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Thu Mar 16, 2017
John Burke answered:
Hi Keisha,

I specialize in VA financing and can do VA loans down to 580 score.

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
jburke@gpbankTX.net
Apply Online: https://secure.smartapp1003.com/102471/?loanofficerid=106115
(877)228-9069
http://www.trulia.com/mortgage-lender-profile/MTG%20Banker/#reviews
... more
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Thu Mar 16, 2017
Shannon Petersen asked:
Wed Mar 15, 2017
Tauraferry1 asked:
I'm currently active duty relocating back to va in Jan. I currently own a home with a va home loan. I plan on selling my current home and buying again in va. When should I start to…
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Tue Mar 14, 2017
John Burke answered:
Hi Superiorgoldendove,

It depends on the loan program & the lender.

General rule of thumb on this is you can exclude the debt IF you have proof that the other party has paid it for at least the last 12 months & the other party is also on the note.

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
jburke@gpbankTX.net
Apply Online: https://secure.smartapp1003.com/102471/?loanofficerid=106115
(877)228-9069
NMLS# 787231
http://www.trulia.com/mortgage-lender-profile/MTG%20Banker/#reviews
... more
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Mon Mar 13, 2017
Maricris A answered:
Hi,

I sent an email to you about this concern.

Regards,

Maricris
Consumer Care advocate
0 votes 1 answer Share Flag
Fri Mar 10, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

You will need at least a 580 score to qualify.

Many times going from a 500 to a 580 doesn't take a lot of effort. I can take a look at your credit if you would like me to. We have aced it score simulator that shows me how to get your score up quickly in most cases. This costs nothing.

Then once your score is above 580 you would qualify for an FHA loan that only requires 3.5% down payment and allows you to roll closing costs into the loan.

If you have any questions or would like help with this you are welcome to get in touch with me.
... more
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Tue Mar 7, 2017
Sarah Jarvis answered:
Condo values are trickier than they look. Most condos have height and four corners (or more!) of view meaning that a 3rd floor condo facing the street is far different than a ground level condo facing the alley. I would be surprised that a 750 SF condo in the Fan has no recent comparable sales that would indicate value. Condos are a specific skill so make sure your agent understands the condo market. ... more
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Mon Mar 6, 2017
Rljoneshomes6 answered:
Typical closing times can vary, but it is hard to get a closing done inside of 30 days, unless it is a cash sale. When there is a loan involved, 30 days is a minimum — but even that can be challenging as the spring market heats up and the volume in the system increases sharply. There are many other factors to consider, including the type of loan, buyer employment history and down payment, appraisal requirements, and repairs. Title issues or association documents can also slow down the process. If you are in need of a quick closing, make sure to use a Realtor, lender, and attorney that are all familiar with working with one another. ... more
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Wed Mar 1, 2017
Rick Sterling answered:
Jaja ... not in Va Beach. in our region anything $50K or less generally would have to be a cash purchase do to condition of the home.
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Sun Feb 26, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

I should be able to help you with this.

I can lend nationwide and I'm available almost 24/7.

If you would like help you are welcome to contact me. ... more
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Thu Feb 23, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

If your moving to another state you would have to show that your income would continue or use whatever your new income is in the new state will be.

I can lend nationwide.

If you need help with this you are welcome to contact me.
... more
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Mon Feb 20, 2017
Tabletaraw asked:
Tue Jan 31, 2017
Jngmnl asked:
We are considering to purchase a new construction townhouse in Northern Virginia. The build had initially sold the lot to someone else who has chosen many features and design. That contract…
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Mon Jan 30, 2017
Rljoneshomes6 answered:
All contracts require several pieces to be considered binding, but in your typical contract you will see a price, financing terms (deposit, mortgage amounts, down payment, rate and amortization), inspection dates and closing dates. There are also numerous Standard Provisions that cover a host of other aspects in the contract including the pest, well and septic inspections (when required) and title conditions (to name a few).

In addition, the expiration date for a contract is another important part of any contract and something that can be used as a strategy.

At the end of the day, a contract can be written in a manner that benefits the buyer or a way that benefits the seller. A good agent understands how to use language to shift the risk away from the party that they represent and onto the other side.
... more
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Thu Jan 26, 2017
Alysse Musgrave answered:
Interest rates and the cost of financing are based on the lender's risk. The higher the risk to the lender, the higher the cost to the borrower. Wait until your scores are around 640 before you try to buy a home.

Buying a Home? Don't Let Them Make a Monkey Out of You! Follow the link below.


Alysse Musgrave
Consumer Advocate/
Exclusive Buyer Broker
http://HelpUBuyAmerica.com

Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You!
... more
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Thu Jan 26, 2017
Chronistergama answered:
I heard 'Stodoys' guides are the best for selling
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