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Financing in 19122 : Real Estate Advice

  • All16
  • Local Info4
  • Home Buying6
  • Home Selling2
  • Market Conditions1

Activity 161
Tue Aug 18, 2009
William Polack answered:
check out your local state government. they offer down payment assistance depending on your income. FHA also has grants and special financing for people. You can go to HUD's website: www.hud.gov. There's a lot of information there. ... more
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Fri Aug 14, 2009
Jackie Atkins answered:
Muhjah, your appraised value is being determined by what is happening in your housing market. Since all appraisals used for lending purposes must be ordered independently by the Lender, your only recourse is to provide comparable sales that you believe would support a higher value and ask for a reconsideration of the value. Appraisers are doing the best job that they can in this difficult market, but your Appraiser could have missed something. ... more
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Fri Sep 4, 2009
Melissa Antenucci answered:
Your rate will largely depend on your fico, the type of property you are buying (single family home/condo), and the loan to value. I would be more then happy to provide you with a quote and a good faith estimate. Please give me a call or e mail me.

Melissa Antenucci
Americrest Mortgage
561-417-9221
... more
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Fri Aug 7, 2009
Daniel Castagna answered:
Ken,

it all depends on when closing is scheduled for. Technically, no you are not committed to doing business with the broker, but you will need time for the bank to secure the mortgage. If you do have the time...you can make the switch. you might lose out on the money you gave the broker though.. ... more
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Fri Aug 7, 2009
D. Derderian answered:
Fri Aug 7, 2009
Dallas Texas answered:
Lending has always changed from day to another , difficult to predict future on these types of buyer incentives best if you have an interest purchase now than wait.

Each year you own a home you receive annual tax benefits

National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
Follow me on Twitter: http://twitter.com/Lynn911
Lynn911
... more
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Thu Jul 16, 2009
Mark Principi answered:
i dont understand the question..... you have 9 mortgages ?????

we need to discuss your options ....

tahnx mark 215 295 9080
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Fri Sep 4, 2009
Melissa Antenucci answered:
HI Brandon,
I would be more then happy to go over the details of the program. Please give me a call.

Melissa Antenucc
Americrest Mortgage
PA- 267-479-0260
FL- 561-417-9221
0 votes 10 answers Share Flag
Thu Jun 25, 2009
Jon & Terry Walters answered:
They will feel more secure in your offer. They want enough in escrow to discourage you from walking away from the deal. If they put their property under contract, few buyers will look at it. If you walk away from the deal, they have to start all over! Good luck! ... more
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Mon Jul 6, 2009
Samantha Weekes answered:
Hi Randy,

You should have asked this question yesterday. My brokerage office just did a seminar last night on 203K financing that was open to the public for free. We have them once a month, but in the mean time, here is the name of the company that does the seminar:

Infinity Home Mortgage Consultants
Greg Ferris 856-470-1101 x-427

Give me a call at 215-687-2629, if you need any additional information.

Thanks,

Samantha Weekes
Exit Realty "The Waterfront Group"
1080 N Delaware Ave Ste 200
Philadelphia PA 19125
... more
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Thu May 28, 2009
Mike Suchowierski asked:
Mon Jun 1, 2009
Edmund Choi answered:
It would be best if it was 79% LTV; it would save 3/4 point. What is the estimated value? How many units?
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Sat Jun 13, 2009
Chella Gehrett answered:
The first thing to do is to get in contact w/ your lender. They will want 2 years of tax returns, two months of pay stubs and a hardship letter, preferably hand-written in which you explain why you need to modify the loan (for example: illness, loss of job..) They also have their own forms they will send you to complete. You must be assertive and not take no for an answer, but be polite. ... more
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Tue May 26, 2009
James Gordon ABR SFR SRS answered:
Precious why would you not want a fixed rate and a lower mortgage payment.

Bless your little heart darling.
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Tue Aug 11, 2009
Fred Glick answered:
Probably not since you don't have a lot of equity, but, there may be ways to do it.

Since I don't know all your details, call me at 215-852-4469 and we can talk about your situation.
0 votes 2 answers Share Flag
Sun May 10, 2009
Terrence Charest answered:
Read my blog about the information for the loan.

http://www.trulia.com/blog/terrence_charest/

Hope that helps,

Terrence Charest, e-Pro
0 votes 1 answer Share Flag
Sun Apr 24, 2011
Terrence Charest answered:
Good luck! If there are companies which still lend like this, then they are still living in the 90s. FHA is the best way to go. You need 3.5% down, seller can pay most (if not all) of the closing costs, and the down payment can be gifted to you from family.

This type of money lending (80-10-10 or 80-20) is partially the reason why we got into this mess. Save at least ten percent for a down payment and save about six percent for closing costs. This is the best way to purchase a home.

Even is you could find a seller to pay the closing costs, this will more than likely increase the sale amount of the home and it probably will not be able to be appraised at the higher amount.

Please seek a financial advisor and start cutting saving for a down payment.

Terrence Charest, e-Pro
... more
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Thu Oct 18, 2012
Fred Glick answered:
Hi Elaine,

Welcome to the City! I have lived hear most of my adult life and find it one of the best places to live.

As for money, there is a wage tax that is under 4%, the sales tax is 1% higher than the burbs and your car insurance may go up (but you should sell the car and use www.phillycarshare.com ).

If you are self employed, there is a gross and net profits tax instead of the wage tax. I suggest contacting your accountant would be the best idea.

If you need restaurant suggestions, let me know.

Fred
... more
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Thu Mar 26, 2009
Sharon Harris answered:
I would make calls to both. Make an appt to sit down and hear the programs available in your area. have your questions ready on paper so you do not forget to ask. It is a new ball game now. Loan company are under tighter guidelines . Also they too seem to have more time now with the housing melt down. Remember to settle by Dec. 1, 2009 to receive the $8000 first time buyer credit! ... more
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Wed Mar 4, 2009
Emily Erekuff asked:
Tell us your story and you may end up in the Philadelphia Inquirer.
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