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Mortgage All Locations : Nationwide Real Estate Advice

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Showing results for Mortgage [Clear search]
Mon Jul 15, 2013
Josh Barnett answered:
Questions that will make more agents answer your ad:
1. I am buying a max value of $ _____________ . ___ in each of the units I am purchasing.
2. I am paying with 1) Cash or 2) 25% down payments or 3) I do not know.
3. I already own __________ number of units and I want to add ________ number of units this year.

These questions will get you more responses.

Best of Luck
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0 votes 10 answers Share Flag
Sun Apr 21, 2013
Alan Openshaw answered:
Fri Jun 7, 2013
Lucy Puniwai answered:
Please contact me:

puniwai@fathomrealty.com


Lucy A. Puniwai
REALTOR®
(214)783-6416 – Cell/Text
(682)224-8050 – Fax
puniwai@fathomrealty.com

In God We Trust ... more
0 votes 7 answers Share Flag
Sun Jun 23, 2013
Joe Balestriere answered:
You can try the amazing mortgage broker in William Raveis, Jorge Rivera. His cell is 203-913-1633 and his email is jorge.rivera@raveis.com.

William Raveis does all underwriting in-house, and Jorge knows more about mortgage products and options than any other person I have worked with.

Let me know how it goes!
-Joe Balestriere
William Raveis
203-216-0670
joebalestriere@gmail.com
... more
0 votes 4 answers Share Flag
Thu Jul 23, 2015
Luis Romero answered:
you need to speak with the lender who is doing your loan, if you do not have one call Kevin Rahill at 707-246-1010, this is not a job for someone new in the lending industry, He has 20 experience. ... more
0 votes 8 answers Share Flag
Fri Apr 19, 2013
Raymond Husser answered:
Hi Lynzinmorgan

Bad credit, with a co-signer is still bad credit. A co-signer is only used to cancel any income discrepancies, not fix credit problems. It essentially boils down to the ability of a bank to trust that you know how to handle money. They don't care if somebody else in your family knows how to handle it, they want to know that the benefactor knows and has a history of paying bills on time.

As far as the income piece is concerned, the bank needs to feel confortable whether or not enough money is being brought in to sustain the debt load (along with any other debt load the co-signer has to sustain).

Why? Because the lender is probably not going to hold the loan. They will most likely sell it to Fannie Mae so that they can do another loan. The guidelines are set by Fannie Mae for required credit and since they buy the vast majority of loans, this is who the bank is targeting as the buyer of the loan. If it doesn't conform to those lending standards, the bank can't sell the loan and therefore can't make another loan in the future after selling yours (ie the bank is stuck with it).

I hope this helps. Just keep working on your credit and you'll get there. Time solves everything.

Raymond
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0 votes 5 answers Share Flag
Tue Apr 16, 2013
Gail Gladstone answered:
Farheen,

If the listing agent is showing the premises and not allowing other agents to show it (nor allowing you to have your own representation), the listing agent is in violation of MLS Rules and certainly not conducting herself in a legal or morally acceptable manner.

As a Realtor, I would file a complaint with the Multiple Listing Service and local board of Realtors against this person. She is obviously only interested in getting the deal for herself and is certainly NOT working in the best interest of her client.

I would also let the stratus agent know what you encountered. He should be informed of the improper behavior of the listing agent.

This kind of behavior is appalling!
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0 votes 4 answers Share Flag
Thu May 2, 2013
Rodney Mason answered:
Real Estate Agents are not allowed to comment on a variety of topics. The Fair Housing Act restricts the information that can be provided by a Real Estate Agent.

Off Limit Topics Include:
• Crime Statistic (including questions about whether a neighborhood is good or bad or safe)
• Demographics
• Environmental Concerns
• Household Income
• Religion
• Schools (including questions about how good or bad the school is)

Determining to the answers to questions on any of the topics listed above is something that you would need to do on your own. It is up to the individual to make their own determination about a specific area. If a Real Estate Agent were to comment on such a thing, it could be steering which is a prohibited act.

Some websites to try include:

http://www.trulia.com/crime/

www.crimereports.com

www.familywatchdog.us/

www.neighborhoodscout.com

www.greatschools.org/

www.schoolmatters.com

Reasons Why A Real Estate Agent Cannot Comment
http://realestate.msn.com/article.aspx?cp-documentid=20748062
http://www.fairhousing.com/index.cfm?method=page.display&pageid=3657
http://realestate.aol.com/blog/2010/12/06/what-a-real-estate-agent-cant-tell-you

These links should be able to provide some of the answers you are seeking.

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.
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0 votes 2 answers Share Flag
Sat Jul 18, 2015
Curly Sue answered:
Sat Sep 6, 2014
Carl Head answered:
Hi sd,

I recommend Cindy Hall with Mortgage Solutions to my clients. You can reach her at 407-294-4707.

I hope this is helpful.

Please keep me in mind if you know anyone interested in buying or selling.

Regards,

Carl Head
carlrealtycenter@aol.com
Realty Center-Orlando
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0 votes 3 answers Share Flag
Tue Apr 16, 2013
Mitchell Feldman answered:
Dear Angela:

First off, you should speak to a mortgage banker or broker to get the specific answers to these questions based on your current credit situation and your personal qualifications. In my experience as a real estate agent, I would dare to say that the forbearance would have a more detrimental effect to your credit. Either way it will be hard for you to get a mortgage within a years time. With a forbearance you may have to wait as long as 7 years and with a modification you will have to wait 2 at least 2 years.

If I can be of further assistance, please contact me direct. Also, if the property you currently own is in Brooklyn and you do want to sell it, please contact me, I can prepare a comparative market analysis for you and help you to figure out how much your home is worth and how to go about selling it for top dollar. I have been selling homes in Brooklyn since 1993 and I would love the opportunity to help you.

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
... more
0 votes 1 answer Share Flag
Tue Apr 16, 2013
Brian Ripp answered:
BART will not have an effect on the homes in this area. BART is fairly quiet and safe. Mission has great schools as well.

More inventory? We are seeing more home coming on the market over the past few days and weeks, however, we really don't know. It is normal to see more inventory as we get closer to summer.

Why wait, if you see the right house - make an offer. If you don't see the right house - keep looking. It's a great time to buy now and in the future.

Brian
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0 votes 7 answers Share Flag
Wed Apr 17, 2013
Santiago Testa answered:
- Confidence in the national economic outlook
- confidence that the DC area real estate market is among the most stable in the county
- low interest rates
- a trend towards urban environments and all they offer ... more
0 votes 3 answers Share Flag
Sun Apr 21, 2013
Joshua Jarvis answered:
Absolutely! In a short sale, the terms (due diligence period, contingencies, etc) are more important than price much of the time. Also, stronger financing options can often make the deal more appealing to a seller. Each scenario is different though. ... more
0 votes 14 answers Share Flag
Fri Dec 9, 2016
K.C. Jones answered:
We are able to finance FHA (3.5% down) with mid credit scores as low as 580.

Feel free to apply online at www.rhlapps.com/kjones or give me a call. :)

K.C. Jones
214-432-0486
kjones@rhlending.com ... more
0 votes 5 answers Share Flag
Wed Apr 17, 2013
Jim Conlin answered:
If you're not a borderline approval, you should be fine no matter what, however - I certainly wouldnt recommend taking out any more credit, or applying for anything else until after settlement. I once had a client's deal fall through because they bought furniture "to be delivered" to their new home. Now they have a bunch of new furniture and no place to put it. ... more
0 votes 6 answers Share Flag
Thu Sep 5, 2013
Robert H. Ashburner, Jr. answered:
For insight into the direction of mortgage interest rates you could pay for a subscription to the http://www.thegartmanletter.com/ or http://ratelink.com/ both Virginia market forecasters. Or you could sign up for the best service available for FREE while it last at http://www.mbshighway.com/. Not only is MBS Highway free it is perhaps the best source for the direction of mortgage interest rates.

Robert H. Ashburner, Jr. NMLSR 607856
Monarch Mortgage
300 32nd Street, Suite 300
Virginia Beach, Virginia 23451
(757) 652-5851
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0 votes 4 answers Share Flag
Sun Jul 21, 2013
Nirmala Caraballo answered:
Hi Luz,

The first step you need to take is to meet with a mortgage professional and get prequalified. The loan officer, will need you last two pay stubs, last two years tax returns and two prior months of bank statements. They will then give you a preapproval letter that informs you of how much real estate you can afford to purchase. You can then meet with a local realtor and they can provide you with a list of properties that meets your criteria. You do not pay a fee to have a buyers agent represent you in your transaction unless otherwise agreed to.

If I can be of further assistance to you, do not hesitate to contact me.

Good luck.

Nirmala Caraballo
Licensed Real Estate Agent
Cruse Realty
Tel.: 646-479-7873
Email: nhcaraballo@yahoo.com
... more
0 votes 12 answers Share Flag
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