Trulia Community - Advice from neighbors and local experts

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

How To Pay Of A 30 Year Mortgage In 10 Years All Locations : Nationwide Real Estate Advice

  • All696K
  • Local Info59K
  • Home Buying255K
  • Home Selling42K
  • Market Conditions26K

Activity 1,641
Showing results for How To Pay Of A 30 Year Mortgage In 10 Years [Clear search]
Mon Jul 1, 2013
Alex Vargas answered:
Afternoon Simko,

It would be much easier to answer your question over the phone. I'm sure you'll have many questions. I have local experience working with investors who flip homes.
Feel free to call.


Alex Vargas
Weichert Realtors
(714) 269-8775 Mobile

DRE # 01332235
... more
0 votes 15 answers Share Flag
Mon Nov 19, 2012
Nadine Mauro answered:
Hi Wade,

With foreclosures,the banks usually look for several bids. If you see something you like you need to make your highest and best offer on the first try, or risk losing to someone else. They may have several addenda to the contract for purchase.

Are you looking for a second home, or are you looking for an investment property?

If I can be of further service please contact me directly.

Nadine Mauro
Highlight Realty
... more
0 votes 19 answers Share Flag
Mon Jan 23, 2017
Hank Remschel answered:
Don't give up Hope. Check with a few local mortgage lenders to get pre-qualified. Go to those that do not charge application fees (ask them before moving forward). Those that want your business will be happy to guide you through the process of getting your credit to the point of being able to buy a house. Will it be easy? I don't know, but make that first call to find out. ... more
0 votes 13 answers Share Flag
Tue Nov 6, 2012
Tim Moore answered:
All markets are different. I have heard that some are going up, but I think the vast majority of markets out there are not going up and are staying flat.
0 votes 7 answers Share Flag
Mon Nov 12, 2012
Michael Harris answered:
The inventory in The Eastlake/Otay Ranch area is not drying up. Trulia is not as up-to-date or real-time as it should be. There are homes that come on the market in those two neighborhoods everyday. I live and work in Eastlake. You can search for homes in either my Facebook business page:

or website:
... more
0 votes 14 answers Share Flag
Thu Feb 14, 2013
Sally Grenier answered:
I'm confused by your statements. Are you looking to buy or rent? If you're wanting to buy your "first home", then you first need to talk to a lender to find out what you qualify for. But then you say you'll be "renting my home"? Does this mean you currently own a home, and you'll rent it out?

I think you need to clarify what you're trying to do. Then you need to find the right professionals to make it happen (lender, and Realtor).

Good luck!
... more
0 votes 17 answers Share Flag
Mon Nov 12, 2012
Terri Vellios answered:
This can not be answered by statistics. The time to move is when you are ready, you have found the property that fits your criteria and you can afford and that your job and life is stable.

We know that our inventory is very low so that is the best of Sellers. Interest are low that is Great for Buyers and Sellers. Yes, it is going to be challenging to buy so having a contingency in place is recommended.

As an agent we are in the field daily and we network with other agents, look at inventory, read the market trends from National Association of Realtors, California Association of Realtors, our Local Realtor Board, News Articles on trends, and what we experience with our clients.

Have an amazing day!
... more
0 votes 13 answers Share Flag
Wed Nov 14, 2012
Ekun Baptiste answered:
It depends on other factors also like debt and credit and how long you have been at those jobs. I can have my loan officer give you a call. Email me
0 votes 8 answers Share Flag
Fri Nov 2, 2012
Richard Shapiro answered:
Personally, I dont like taking out a 30 year loan to pay off an asset you have for only several years.

Rates are fairly low right now and if you have not taken advantage of them, perhaps it could make sense. If you dont have a financial planner to bounce a question like this off of, then perhaps it time to find one. ... more
0 votes 9 answers Share Flag
Thu Nov 1, 2012
Matthew Heitmann Team answered:
You will want to contact legal counsel about this. They can discuss the possibility of a deficiency with you.

Realtors® and real estate agents are not allowed to discuss legal matters or give legal advice. Sorry.

Michael Collins- SFR, BPOR
Rock Realty Wisconsin

My Trulia Blog:
... more
0 votes 4 answers Share Flag
Mon Apr 25, 2016
Eric H. Wong answered:
Earthquake insurance can double the cost of your home insurance, and the deductible is huge. Before you take the plunge, I would have a reputable earthquake retro fitter take a look at your house and see if any more strengthening can be done to make your home more quake resistant.

Money spent here may be more useful than money spent on insurance. Once you have done this, plus stocked up on emergency food, water, first aid kit and batteries, then you can look at insurance.
... more
0 votes 16 answers Share Flag
Fri Nov 2, 2012
Danielle Sharp answered:
You won't be eligible for a minimum of 2 years unless you go the route of private money (which is much more expensive usually).
0 votes 14 answers Share Flag
Thu Oct 27, 2016
Mark Salmon answered:
It depends on the house; vacation rental vs long term rental. Long term is the more conservative approach to income but then you can't use the property as a 2nd home. A vacation rental could provide more income but then again you'll likely have the cost of a property manager and get more wear and tear on the home. Then again, you can use the house for your own enjoyment as well. Hope this helps. ... more
0 votes 11 answers Share Flag
Wed Apr 24, 2013
David Gowans answered:
Jessica. That's a call only you can make. I recommend having an agent CMA your house, look at recent comparable sales and determine a likely sale price for your home. From that information, you should be able to decide whether it's right to hold the property and manage rentals, or sell it and wash your hands of the property.

Once you establish the likely result of a sale and a rental, It's really all about what works for your current personal situation.
... more
0 votes 12 answers Share Flag
Sun Oct 21, 2012
Daniel Alvarez answered:
If you aren't struggling to make mortgage payments then you're going to run into some problems in getting the lender to approve your short sale.

Often times, if you're trying to short sale but aren't facing a financial hardship, you'll likely be outright denied.

Some lenders, however, might approve you for a short sale on the contingency that you pay back the difference in a structured 10 or 15 year loan.

In order to be forgiven for any deficiencies (amount owed on mortgage - short sale price) you would have to explain and demonstrate that you are unable to make full payments or soon will be unable to make full payments. The lender requires a "hardship letter" to go along with the 2 most recent year tax returns, 30 days of most recent paystubs, 2 most recent bank statements, and an income and expense sheet. Often times, most people are several months behind on payments and have at least attempted to apply for a loan modification. For those individuals, the deficiency will usually be forgiven (always forgiven under the HAFA program).

If you aren't facing a hardship (reduction in income and adjustable rate increases are legimitate reasons), and are attempting a strategic default, then fannie mae, freddie mac, and fha guidelines would prevent you from obtaining another mortgage for at least 3 or 4 years after completing the short sale.

Those lucky enough to have been approved due to verifiable hardships (reduction of income, interest rate adjustment increasing their monthly payments) AND were current on mortgage payments all the way until the short sale closes are able to IMMEDIATELY qualify for a new FHA mortgage.

FHA has very strict guidelines. If you were to apply for a mortgage immediately after closing the short sale, your explanation would have to be consistent with someone who was in a very bad financial position and not someone who wanted to move on to a bigger home.
... more
0 votes 5 answers Share Flag
Tue Oct 23, 2012
Susan Bo'ur answered:
Yes, educating yourself is key.
I always tell my clients to compare with at least two different lenders. Possibly a third.
I recommend First Capital to my clients who have also recommended them.
I'd be happy to give you their contact info if you're interested.
Susan Bo'ur
Coldwell Banker
... more
0 votes 11 answers Share Flag
Thu Jan 17, 2013
Brenda Mullen answered:
Hi Tori,

The best time to sell is when you need to :). Make sure to prepare your home and price it right and it will sell despite the time of the year. To be sure, the Real Estate Market in San Antonio is usually it's busiest at the spring and summer months and tends to slow down a bit in the Winter moths, however, again, homes that are priced right and marketed right still sell :).

If you need help or would like me to prepare a comparative market analysis for you and show you how I can assist you in getting your home sold, feel free to call or e-mail me!

I look forward to hearing from you.

Brenda Mullen
Realtor®, ABR, ePro
RE/MAX Access
... more
0 votes 32 answers Share Flag
Fri Oct 19, 2012
Terri Vellios answered:
I invite you to a free consultation at my office to discover if we are a good fit.
0 votes 14 answers Share Flag
Wed May 13, 2015
Kelly Ward answered:
Hi Thomas,

From what I read, it sounds like you need to work on raising your credit scores first.

Allied Credit Solutions is a Credit Service Organization and we help restore credit, as well as, educate our clients to help them achieve their dream of becoming a homeowner.
Credit Restoration is 100% legal (see FCRA regulations below).

Program Highlights
• 180 days or less (with first set of results in approx. 45 days)
• We investigate directly with your creditors, collection companies, and all applicable court offices (if necessary) (no disputes with credit bureaus)
• 100% money back guarantee (No Results – No Charge)
• We investigate Public Records
• 60% to 85% overall average of permanent success rate!!
• Licensed, Bonded, and Registered with the State

Call or email me for a free consultation

Kelly W.
National Account Manager
Allied Credit Solutions
800 901-8122 ext 211


The Fair Credit Reporting Act states:
Consumer reporting companies must investigate the items you question within 30 days. They also must forward all the relevant data you provide about the inaccuracy to the organization that provided the information. After the information provider receives notice of a dispute from the consumer reporting company, it is required to investigate, review the relevant information, and report the results back to the consumer reporting company. If this investigation reveals that the disputed information is inaccurate, the information provider has to notify the nationwide consumer reporting companies so they can correct it in your file.

When the investigation is complete, the consumer reporting company must give you the results in writing, too, and a free copy of your report if the dispute results in a change. If an item is changed or deleted, the consumer reporting company is not permitted to put the disputed information back in your file unless the information provider verifies that it is accurate and complete.
... more
0 votes 10 answers Share Flag
Wed Oct 3, 2012
Azim Jessa answered:
Hello Stephen,

There are programs here in the US for Canadian Investors. A lender I frequently work with has a 20% down program for Canadians to buy investment properties. Also, I grew up in Vancouver and have a contact there in the lending industry that also works with investors if they choose to refinance up there and then use Cash to purchase down here.

Feel free to reach out by email or phone and I would be glad to pass along the names of these lenders.

Azim Jessa
Urban Nest Realty
... more
0 votes 6 answers Share Flag
... 5 6 7 8 9 ...
Search Advice