Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Estimate Homeowners Insurance All Locations : Nationwide Real Estate Advice

  • All712K
  • Local Info60K
  • Home Buying261K
  • Home Selling44K
  • Market Conditions26K

Activity 396
Showing results for Estimate Homeowners Insurance [Clear search]
Wed Mar 4, 2015
Anna M Brocco answered:
In order to determine qualification, visit with any loan officer(s); after reviewing your overall financials, credit, debt, income, etc., he/she can best advise; be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously.... ... more
0 votes 13 answers Share Flag
Thu Oct 20, 2011
Scott Godzyk answered:
Heidi this is an amount that a loan officer can give. I can tell you teh average closing costs are 3% but differ depending on what type of loan you choose, some have no closing costs as teh seller can pay up to 6% of them.

Your best bet is is to meet with a local and trusted mortgage broker, they can prequailify you at no cost, they will look at your credit plus your financials and let you know if there are any mortgage that you may quailify for and explain the pros and cons of each. They are required to give you a good faith estimate of estimated costs to close.

http://www.trulia.com/blog/scott_godzyk/2011/08/how_do_i_know_if_i_can_get_a_mortgage_given_today_s_real_estate_market


PLEASE SEE MY BLOG FOR A FULL LIST OF TIPS AND ADVICE ON GETTING A MORTGAGE
... more
0 votes 11 answers Share Flag
Sat Nov 9, 2013
Mike Sullivan answered:
Wanda...your Dad can sell you the house for whatever he wishes. You would need to get a mortgage in that amount, there would be closing costs involved in this transaction, however. You may want to see if the mortgage is assumable (some are) in which case you would take over the payments.....the mortgage company would know this. ... more
0 votes 8 answers Share Flag
Wed Jul 20, 2016
Kerry Robertson answered:
Its possible. As long as you can find someone out there that is willing to purchase the home. Also, the lender will not approve a foreclosure bailout loan from a direct relative.


There is another option where you would be able to stay in the home, pay 40-60% less than your mortgage payment in the form of a lease buy back. You would be eligible to purchase the home back in 3 years at 90% of the appraised market value at that time.

The only qualification is that the first mortgage is at least 200k.

More details on my website below.

commercialfundingsolutions.realtyfundingpartners.com
... more
0 votes 23 answers Share Flag
Thu May 28, 2015
Jeannie Niles answered:
California has a law called Prop 13. Your property taxes will be assessed at 1% of the purchase price, minus $7,000 of value if owner occupied. Also on your property taxes may be sewer cost, trash (depending on which city). There may also be some bond issues on the property tax billing. Prior to making an offer on a property, you should have your broker get a "full printout" of tax information and you will be able to review all the bond issues, assessment districts, etc. These vary from City to City. Good Luck! ... more
0 votes 8 answers Share Flag
Thu Oct 13, 2011
Robert Chomentowski answered:
Hi,

I'm a former Bay Area resident by the way. Your local Realtors can answer this better than I, but I would imagine $375k would be a condo unless you went down towards the more working class areas parts of San Jose? If you did go with a condo you would have a monthly HOA due. For condo or house you also have to factor in vacancy. On a SFR you will also have homeowners insurance, on a condo this will be a lower amount because you just need to insure the "walls in". I only pay $10/mo though USAA for my condo walls in policy on a rental I have. You will have a water bill on a SFR, but usually this is paid for by the tenant. On condo the hoa pays the water bill. On a SFR you may have landscaping costs, but that could be included in maintenance and repairs or you could possibly get a tenant to take care of that. My tenant takes care of my landscaping on my house rental. Condo you will not have to worry about landscaping. ... more
0 votes 7 answers Share Flag
Wed Sep 28, 2011
Terry Korahais answered:
Hi Sharon, check with NYC.gov and go onto the building department website. You can get all the information you need- Size of property, square footage of the house, year it was built, you know if it is brick or shingle-Your agent should be able to get the rest of the information on -how old the roof, what kind of heating- whether gas or oil, the amps on the electric,(photo of the electric panel and usually the heating system boiler) Terry K 718-614-3167 or email TKorahais@elliman.com ... more
0 votes 6 answers Share Flag
Sun Sep 4, 2011
Anna M Brocco answered:
For realistic homeowner's insurance costs, call any local insurance companies and ask free estimates based on your needs, then go from there....
0 votes 7 answers Share Flag
Sat Oct 13, 2012
Gail Gladstone answered:
Be ready with 4-5% of the sales price and leave the closing table with $ in your pocket and a smile on your face.
0 votes 7 answers Share Flag
Thu Aug 4, 2011
Mack McCoy answered:
I don't know where you found this, Le, but the "estimate" would likely be your monthly mortgage payment plus one month's worth of property tax plus and one month9;s worth of property insurance.

It's an estimate, because the cost of property insurance varies.

Hope this helps,
... more
0 votes 4 answers Share Flag
Tue Aug 2, 2011
Christine Whelpley - Welcome Home! answered:
Insurance rates are based on location and the home itself - once you found a home you liked, you could get an estimate from your provider.
You can browse homes for sale in the area on www.makeahouseahome.net, my site is free to use and you don't have to provide any personal info to use it.
I'd be happy to help you with your search and we could get the right place for the right price!
... more
0 votes 9 answers Share Flag
Mon Sep 26, 2016
Gerard Carney answered:
You need to wait two weeks and ask because it is rumored that the price of insurance is going to go through the roof, you can thank our Governor fro that one!
0 votes 23 answers Share Flag
Fri May 15, 2015
Lisa Cannata answered:
While a down payment is not required on VA loans you will still need funds to cover your closing cost which average 3% - 4% of the loan amount. However, with a va home loan the seller is allowed to pay all of your closing cost up to 6% of the loan amount. So, it is possible to avoid having to come out of your pocket to pay closing cost as well.

Tip: If you have little or no funds available for closing cost, let your realtor know that you are getting a va loan and need the seller to pay as many points as possible towards your closing cost so that he/she can negotiate the best purchase contract on your behalf. 1 point is equal to 1% of the loan amount. So if the home cost $200,000 and your closing cost are $8000, you will want the seller to pay 4 points (4% x $200,000 = $8,000). Using this same example, say you have $4000 of your own funds available for closing cost.. then you will only need the seller to pay 2 points.



Read more: http://www.militaryvaloan.com/va_loan_closing_cost.htm#ixzz1T8Tv8wiw
... more
0 votes 20 answers Share Flag
Sat May 18, 2013
Dan Tabit answered:
537cbfp,
The HUD-1 Settlement statement is prepared by the closing agent and is exact once all the information is complete. An initial HUD-1 may not have a specific closing date set yet or exact costs for Title Insurance, Home Owners Insurance or other items. Once the date is set, taxes and other costs are set and the closing agent can finalize the costs.
The final closing date is ultimately up to your lender. When the loan has passed through final approval, a closing date can be set and your numbers will be finalized.
... more
0 votes 6 answers Share Flag
Wed Nov 9, 2011
Rich Bennett answered:
Hi Kimi-

There are many factors involved in a remodel. Ask your reatlor for 3 or 4 contractor referrals and get multiple bids. The costs can vary greatly depending on a variety of factors. Also, without providing a square footage, it's next to impossible to estimate such a figure. Do you know anyone who has recently gone through a remodel and liked the people they worked with? That would be a good place to start as well.

Good luck!

Rich

415.305.4911

Zephyr Real Estate
... more
0 votes 8 answers Share Flag
Sat Jul 16, 2011
Anna M Brocco answered:
Depends on the type of loan, FHA 3.5%; visit with any loan officer(s) to determine your loan eligibility and type...
0 votes 9 answers Share Flag
Thu Jul 14, 2011
Spirit Messingham answered:
Have you spoken with a lender, have a conversation with a local lender. They will go over rates, costs, closing costs and etc. A "good" once will provide you with a local calculator so you can see what it would cost regardless of price. Course, they will also show you to add PMI, taxes, home owners insurance and etc. ... more
0 votes 3 answers Share Flag
Sat Jul 16, 2011
Gregory Parker answered:
jc318,

Even though these cost are being paid upfront you can still get a credit for them on the HUD sheet at settlement. Be sure to keep all of your receipts. Your lender will be able to tell you specifically which up front, out of pocket cost can be credited back to you at settlement.

Hope that helps!

Gregory S. Parker, ABR, CRS, GRI, GREEN, REALTOR

Coldwell Banker Realty Professionals

2924 Swede Road

East Norriton, PA 19401

Direct 610-994-1147

Office 610-277-5000 Ext. 249

Fax 610-994-1146

www.PhillyAreaHomeHunter.com
... more
0 votes 10 answers Share Flag
Sun Jul 10, 2011
Karen Parsons Fiddler answered:
Hi Tom,

Are you talking about closing costs? It depends on your loan....the best thing is to talk to your lender who can give you a better answer on this.

Karen
0 votes 6 answers Share Flag
Mon Mar 10, 2014
Sara Mehrpouyan answered:
It can be anything such as reduced hours at work/reduced income, double income turned into single income, illness, etc. The fact that potential rent will not cover the mortgage payment, taxes, and insurance. Who is your lender Blake?

Thanks,
Sara Mehrpouyan CDPE
Rodeo Realty
Direct: 818-903-2040
Dre license #01712757
... more
0 votes 39 answers Share Flag
... 5 6 7 8 9 ...
Search Advice
Search