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20008 : Real Estate Advice

  • All5
  • Local Info0
  • Home Buying2
  • Home Selling1
  • Market Conditions0

Activity 561
Mon Jan 28, 2013
Cynthia Press answered:
These types of products have not been seen . . . Until recently! A few weeks ago, I heard the first rumblings of the much-loved in the "pre-market crash" 80/10/10 mortgage. This type of loan allows borrowers to put down 10%, take an 80% primary loan, and a 10% second mortgage, which can then be paid off separately. It's a great product if you can find it! ... more
0 votes 8 answers Share Flag
Wed Jan 23, 2013
Rich Homer answered:
Best next action is to ask a local Real Estate Broker by clicking "Find a Pro" in the main menu at the top of this website.
0 votes 4 answers Share Flag
Mon Jan 21, 2013
Keith Jean-Pierre answered:
That is amazing, talk about in the nick of time!
0 votes 3 answers Share Flag
Tue Jan 22, 2013
Phil Rotondo answered:
As an agent, wouldn't you be able to look this up on the MLS?
0 votes 7 answers Share Flag
Thu Jan 17, 2013
Mark Rutstein answered:
Yes, population growth offsets inventory levels leaving the metro area ahead of the pack. Government job stability also pays an important roll.
0 votes 1 answer Share Flag
Fri Jun 14, 2013
Jason Skipworth answered:
I suggest you contact a local lender and let them know what type of property you are trying to buy i.e. a single family home or a condo. Provide the lender your highest price parameter for your home purchase that you anticipate. Keeping in mind, if you haven't already gotten pre-approved, then what you anticipate could vary from what a lender is actually allowing you to borrow.. Ask the lender to give you a Good Faith Estimate based on where you plan on purchasing. Your fees will vary between, DC, MD, and VA due to taxes in each place. The Good Faith Estimate will give you a more clear and somewhat accurate picture of how much money you need to be saving for your down payment and closing costs.
BB&T also has an excellent mortgage program that allows for 100% financing, 3% down, or 5% down, but that depends on your credit and income.
FHA doesn't take care of your fees because that's your costs to purchase given that you are only putting down 3.5% with an FHA loan program. So FHA incurs more risk with your loan.
... more
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Mon Jan 21, 2013
Miekeba Jones answered:
Hi Fungirl! 45 considering you have found the property.
0 votes 5 answers Share Flag
Thu Nov 30, 2017
Elliott R. Oliva answered:
Thu Jan 10, 2013
Douglas Potokar answered:
Most of the homes put up for auction are distressed homes. Most will not qualify for any financing means. Investor will pick them up and renovate them allowing the property to be fanciable again. ... more
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Thu Jan 10, 2013
Lanre Folayan answered:
Average interest rate is 3.5%
0 votes 4 answers Share Flag
Tue Mar 5, 2013
Miekeba Jones answered:
Hi Brandi, go to to map out any route in the metropolitan area.
0 votes 6 answers Share Flag
Mon Jan 14, 2013
Fred Sobel answered:
no way covered is about 250 non covered is about 150
0 votes 2 answers Share Flag
Wed Dec 19, 2012
Natalie Dean answered:
The condo docs vary from association to association. Some may give the further details as some may choose not to do so. Is this something your lender is seeking to make a decision on whether the building is FHA approved? ... more
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Tue Jun 17, 2014
Joseph Roraff answered:
In my opinion it is probably because they are a lot more complicated than just regular housing. Here is a link to a good article...
0 votes 18 answers Share Flag
Wed Dec 12, 2012
Hillary Nash answered:
Hi Fun Girl! When you are Pre-qualified to purchase from a lender, it means that the lender pulls your credit. That credit pull is usually good for 90 days. As long as your financial status (savings credit card balances) and job remain similar, you should have no problems being re-qualified if you can't find a home within 90 days. If the lender is concerned about your credit score losing too many points as a result of credit being pulled, they will let you know. Hope that was helpful!

Hillary Nash McAuley
Nash Holdings Co.
Exit Elite Realty
202.907.7301 c
301.277.39948 o
... more
0 votes 6 answers Share Flag
Tue Dec 11, 2012
Miekeba Jones answered:
Hi Fungirl,

These questions should be answered by your lender.
Each deal is different. Would you be asking for closing costs assistance?
Appraisals can be around $400-$450. Inspectors have a wide range of prices depending on what you are inspecting, how precise the inspection is and the size of the property. Have you found a lender to work with? Contact me and I will refer one to you. ... more
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Mon Dec 10, 2012
Natalie Dean answered:
Are you looking to have an agent represent your interest? This site picks up listings that in the MLS, we as licensed agents pay for that service. If you want information on being able to list with an agent and get the benefits of your home being syndicated to over 50 sites on line and additional advertising, in box me for details.

All the Best!
... more
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Wed Dec 5, 2012
Patrick Morris answered:
The particular unit you are interested in has actually already sold. It sold early in November for $600,000. The condo fee is $275. Please let me know if I could assist you in finding similar properties in the area. You can contact me directly at:

I look forward to hearing from you!
... more
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Wed Jan 30, 2013
Troy Patterson answered:
Hey, Fungirl. There are several programs through the city and many lenders including the HPAP Program and City Lift. If you'd like information, email me at
0 votes 8 answers Share Flag
Sat Nov 24, 2012
Miekeba Jones answered:
Hi Agneta,

Choose a Realtor in the area that you are interested in and they may provide you with an accurate tax information .


Miekeba Jones
0 votes 4 answers Share Flag
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