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Home Buying in 19131 : Real Estate Advice

  • All43
  • Local Info0
  • Home Buying24
  • Home Selling7
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Activity 1,369
Sun Mar 31, 2013
Sheri Curci answered:
Good Friday Evening,

We can put our 18 years of experience to work for you

When is a good time to confidentially talk?

All the Best, John + Sheri Curci RE/MAX 215-757-2889
0 votes 9 answers Share Flag
Tue Jul 9, 2013
R. Eric Axelson answered:
Hi Angie, feel free to contact me when you have a moment. I would be happy to share with you some thoughts on areas close to the airport. To be honest, you may do best to simply end up in Center City (our downtown) as it is only 25 minutes away and there is transportation to the airport. We should discuss.

I give all my clients a driving tour of the city to help them get an idea of the layout.

Eric Axelson, Associate Broker
Kurfiss Sotheby's International Realty
856.617.1212 mobile
856.979.5967 text
axelson@kurfiss.com
... more
0 votes 7 answers Share Flag
Wed Mar 27, 2013
Ashly answered:
btw, I have a combined monthly income of about 3000 a month.
0 votes 2 answers Share Flag
Wed Mar 27, 2013
Michael R. Torres answered:
No, this is a conventional loan product. The HFA Preferred Risk Sharing program allows for just a 3% down payment, based upon acceptable credit score, and only allows a 3% seller assist. Therefore, depending on how the transaction is structured, it may require more money out of pocket for the transaction than going with an FHA loan merely because you may ask the seller to credit up to 6% of the sales price towards closing costs with an FHA loan. However, the monthly payment for that FHA loan will be substantially higher, which can have an impact on qualifying for a higher sales price. In my opinion, the PHFA HFA program is by far the better option, if you have the assets to make it work for your situation. Let me know if you have any further questions and best of luck!

Michael Torres
RE/MAX Reliance
215-275-2009
Michael@movinginmontco.com
http://MichaelsRealEstateBlog.com
... more
0 votes 1 answer Share Flag
Mon Mar 25, 2013
Don Sherman answered:
Wed Mar 27, 2013
Joshua Stein answered:
One who did what before? I'm not 100% sure what your question is

Lenders will only give you the amount you can comfortable afford to pay back. Since your month;y income is only $1,300 (assuming no other liabilities), they will figure you can afford a monthly payment of about 40% of that (or so).

If you want to purchase a home that costs more than $80,000, you will need to either get a co-signer (to increase the income) or put down a sizable amount of money up front. I'd be happy to chat with you so I can get a more accurate picture of what you are trying to accomplish.

Warmest regards,

Joshua Stein, REALTOR®
Coldwell Banker Preferred – Conshohocken

Office:(610) 828-9558 * Cell: (215) 866-8030
Direct:(484) 270-1165 * Fax: (215) 999-5894
Email: jstein@cbpref.com
Web: www.joshuasteinhomes.com

PA License #RS317975
... more
0 votes 4 answers Share Flag
Thu Mar 21, 2013
Hannah Angert answered:
Where is your agent? Is this something his processor, or the title company can assist with? You may need to pay off the City before you can have the short sale approved. If you are trying to negotiate this all alone and without an experienced Realtor, you are making a mistake. I am familiar with these programs and would be happy to talk to you about how to best approach the process.

Hannah Angert, Realtor
(215) 869-9571 or hannahangert@comcast.net

William Festa Realty
3001 S. Sydenham St.
Philadelphia PA 19145
(215) 271-3000 phone
(215) 271-0988 fax
... more
0 votes 2 answers Share Flag
Wed Mar 20, 2013
Fred Glick answered:
Only they can answer your questions because rules can cahnge all the time.
0 votes 1 answer Share Flag
Fri Mar 22, 2013
Wes Costello answered:
A customer focused realtor with excellent knowledge of the neighborhood and a mortgage pre-approval from a similar mortgage lender.

Wes Costello
AnnieMac Home Mortgage
610-659-7014 ... more
0 votes 9 answers Share Flag
Wed Mar 20, 2013
Philip J. Cunningham Sr answered:
No this is a volation of the HUD rules and an agent could be fined

Philip J. Cunningham Sr.
V.I.P. Realty Corporation
7942 Bustleton Ave
Philadelphia, PA 19152 215-725-5700 X49
PhilCunningham2004@yahoo.com
... more
0 votes 1 answer Share Flag
Mon Mar 18, 2013
answered:
Hello Melissa,

No it will not. Also if your husband has been forgiven mortgage debt you will have to wait three years before applying for mortgage financing

Regards,
Alan Openshaw
Cornerstone Lending Inc
Southampton Pa 18966
215 953 0800
cell 267 992 7276
VOTED BEST IN BUCKS 2010 & 2012
NMLS ID 143960
... more
0 votes 4 answers Share Flag
Thu Jan 26, 2017
Andrew Himes answered:
It is home owners insurance and if you have mortgage it is required. The price will vary based on the company that provides the insurance (state farm, travelers, Allstate, etc) and the amount of coverage that you have/need. ... more
0 votes 7 answers Share Flag
Mon Mar 18, 2013
Jennifer Geddes answered:
Raj,

I would be happy to discuss investing in Philadelphia.
I work with many investors, including investors based in other states, so I can definitely assist you and answer any questions you have.
Please feel free to send me your contact information as well as a good time for us to connect.
Look forward to hearing from you.
Thank you,
Jennifer
Jennphilarealtor@gmail.com
... more
0 votes 5 answers Share Flag
Wed Mar 20, 2013
Wes Costello answered:
Malita,

There are several good realtors that post on this site that would be able to assist you. By speaking with them you should be able to determine who you are most conformtable with and who knows these areas well.

Wes Costello
AnnieMac Home Mortgage
610-659-7014
... more
0 votes 14 answers Share Flag
Sat May 18, 2013
Andrew Himes answered:
Yes! I just had a client get help from a program with down payment funds. There were restrictions that came along with it but they got the money and are in their home. Check out my profile and send me an email if you would like more details. ... more
0 votes 3 answers Share Flag
Tue Mar 12, 2013
R. Eric Axelson answered:
Hi, I would hire a Realtor. It doesn't cost you anything (the Seller pays) and we have access to homes that you do not. I would interview a few agents and choose one that you connect with the most and who has experience.

Hope this helps!

Eric Axelson, Associate Broker
Kurfiss Sotheby's International Realty
267.507.2287
axelson@kurfiss.com
... more
0 votes 9 answers Share Flag
Sun Mar 31, 2013
R. Eric Axelson answered:
I love Overbrook. Close to Main Line shopping. Close to Saint Joe's. If your question is about safety/schools, I recommend you take the following steps:

1. Visit www.greatschools.org
2. Call the local police precinct and ask about safety/crime
3. Visit the neighborhood during the day, night, weekend

If I can help, let me know!

Eric Axelson, Associate Broker
Kurfiss Sotheby's International Realty
267.507.2287
axelson@kurfiss.com
... more
0 votes 8 answers Share Flag
Mon Mar 11, 2013
Tariq Farr answered:
This is a safe area for females. If you are interested in seeing that particular condo I can help you or if you want to see what else is in that area I can assist you as well. Tariq Farr 267-625-8928 or tariqwf@yahoo.com ... more
0 votes 4 answers Share Flag
Mon Mar 11, 2013
Wbg answered:
The house would have to appraise for the amount you're borrowing minus the minimum amount down, and your income vs debt ratio would have to be enough to satisfy the banks requirements...so now the hard part is finding a $250,000 for $150,000.00!!! Good luck! ... more
0 votes 6 answers Share Flag
Sun Mar 17, 2013
answered:
Hello:

You have the ability to buy the house. If there was a Will and there is equity in the property you can purchase the property for what is owed. Check with the lender what is the payoff balance; then check with a local realtor as to how much house is worth.

Also, check with your local lenders for your State.
... more
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