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20172 : Real Estate Advice

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  • Home Buying0
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Activity 68
Wed May 8, 2013
Matt Elliott answered:
I would agree with you on the 5% conventional. It should be less monthly w/out the FHA mortgage premium.

A good, competent lender can help you best.

Will Gaines
First Porfolio Mortgage

If I can help with anything at all during your search, I'd consider it a privilege. I lived in Herndon for 7 years, my office is in Reston, VA.

All my best,

Matt Elliott
Keller Williams Realty
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0 votes 12 answers Share Flag
Fri Jul 12, 2013
Anil Khanna CPA/Realtor answered:
You may qualify for an FHA loan. If you are looking in the DC area, I have a few lenders that can work with you. Please call me at 703-625-6731 or email me at if interested. ... more
0 votes 10 answers Share Flag
Sun Jan 19, 2014
Sonal Goda answered:
Hi Shannon - can you provide more info on the type of issues you are having? Is it a short sale or a bank-owned property?

0 votes 2 answers Share Flag
Tue May 7, 2013
Faiza Alvi answered:

I've recently helped a couple buy their first home with down payment assistance from the county. It's absolutely not unrealistic to start looking into buying and taking care of your debt but before you do anything I would highly recommend that you get together with a buyer's agent who can help you through the process and also find you a lender who may have a program for your needs. Paying off all the debt is not always the case but your loan officer can look at your report and point out what needs to be paid to get you financed for your first home. Interview 2-3 different agents in your area and work with the one who understands your needs the best. If you want I can also find you a knowledgeable buyer's agent through my network, let me know if I can be of any help and Good Luck for your first home!!

Best Regards,
Faiza Alvi - Realtor®
Prince William Realty, Inc.
703-389-7973 (Direct)
703-580-9995 (Fax)

I believe:
Real Estate is about building relationships
& serving clients with honesty, integrity & passion.
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0 votes 6 answers Share Flag
Tue Sep 24, 2013
Tina Lam answered:
For your situation, you might get a private lender to finance you for 40% of the purchase price at 10-14% interest. At 20-30% downpayment, you won't be able to qualify for a conventional loan with no credit history. Even locals with such a downpayment and great credit have a hard time getting a conventional loan with the tight lending standards.

I'd recommend you purchase a home with all cash or just rent while you're here.
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0 votes 7 answers Share Flag
Sun Nov 11, 2012
Sonal Goda answered:
Yes - I believe this is very possible, as long as you can show that you would be able to pay back the loans. I am referring to people who have businesses or are independent contractors - can be harder to qualify - requires more documentation and longevity of work as a business owner/independent contractor. Let me know if you would like some referrals to local loan officers or if you need help finding your next property.

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0 votes 1 answer Share Flag
Thu Nov 1, 2012
Suzanne MacDowell answered:
Disputed items are supposed to be resolved within 30 days. When you file a dispute the credit reporting agency has 30 days to confirm the item in writing. If they do not receive written confirmation, then the item has to be removed from your credit report. If the disputes are more than 30 days old then the credit reporting agency has to remove them, it is the responsibility of the agency to take care of this.

If I were you I would send them a certified letter stating exactly that and demanding that these items be cleared up immediately and your credit report changed to reflect the result.

Be prepared, though, for the mortgage company to use yet another credit reporting agency. And, if they DO then get the name and address of their credit reporting agency and have THAT report updated as well. It could take a little while, 30 days or so, but it will be worth it in the long run. Your lender should be able to help you as well.
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0 votes 11 answers Share Flag
Tue May 7, 2013
Anil Khanna CPA/Realtor answered:
There is no difference. Real Estate Agent and Realtor are similar terms. Call me at 703-625-6731 if you need an agent to assist you in your home search. I am located in Reston.
0 votes 13 answers Share Flag
Mon Aug 13, 2012
Debra (Debbie) Rose answered:
Thu Aug 9, 2012
Monika Kumar answered:
Hi Lucky, It sounds like whoever can help you shall know more than this paragraph. Are you working with an agent who can help you through this?
Bottom Line is if they wont allow extension and give you notice normally buyers have 3 days to remove the contg or contract is void..
I recommend using an attorney to guide you through since there could be more details to know before anyone can give you advise or you act on someones advise Please talk to a real estate attorney, he/she can be found working at the settlement company that you were going to use.

703 626 3327
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0 votes 6 answers Share Flag
Mon Jul 16, 2012
Jeanne Little answered:
Hello Jessica,
I live in Herndon and just pulled information on that area. There is only 1 property available at this time. Contact me to take a look! I can also set you up with your own search that is updated every 30 minutes! Contact me today!
Jeanne Little
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0 votes 3 answers Share Flag
Thu Jun 28, 2012
Anil Khanna CPA/Realtor answered:
Please call me at 703-625-6731. I live in Chantilly and know the area well. I am with Keller Williams Chantilly and understand this market.
0 votes 5 answers Share Flag
Sat May 5, 2012
Glenda Cherry answered:
Thu May 3, 2012
Janet M Lange answered:
You did not mention whether the dip Is in a concrete floor or other. If your inspector found what he thought was a defect in the structure, your agent should be asking the seller to pay for the inspection/repairs in an Addendum. If the seller will not pay for the inspection/repair, do your own research and "Google" structural engineers to find out their earliest availability and how they charge. If it turns out to be a structural defect, the seller should pay. Last year I asked the sellers on behalf of my buyers to have a basement wall crack inspected -- it ended up costing the seller $15k for the inspection and repair. Good luck! ... more
0 votes 6 answers Share Flag
Sat Sep 28, 2013
Natalie Dean answered:
Hi Ravi:
Don't worry there are systems out there that can get you to where you want to be very quickly, easily and they are extremely cost effective. I use them with my clients all the time and they allow individuals whose scores are in the low 500's to purchase within 6 to 8 months. With your score already being at 630 to 640, you are already ready to purchase but that slight nudge will give you greater latitude on a better interest rate. If you are ready to get going please inbox me so I can help you "Find Your Home of Choice". ... more
0 votes 19 answers Share Flag
Fri May 11, 2012
Eddie Seymour answered:
You are better off waiting until late April so that you have a larger selection. Most landlords at this time are looking for people to move in this month.
0 votes 7 answers Share Flag
Sun Feb 26, 2012
David Huzzard answered:
I know of a few townhomes that fit that description. If you would like more info on them contact me and we can set up a time to go look at them. One subdivision I work in is right off of Rt. 50 in Fairfax near the entrance to 66. I wouldn't mind showing you them or others in another area you might be interested in. ... more
0 votes 4 answers Share Flag
Mon Nov 28, 2011
Glenda Cherry answered:
It's probably gone from the web site because it's no longer available (because you have a contract on it). But shouldn't you be asking your agent about this?
0 votes 8 answers Share Flag
Mon Nov 14, 2011
Vivianne Rutkowski answered:
Hello Suresh,

The mortgage loan interest rate does NOT depend on credit score alone. The type of loan you use (conventional, FHA, VA, etc), the size of the downpayment, your debt-to-income ratio and debt-to-equity ratio, the points you prepay, the lender you use are also very important.

I suggest that you contact several lenders and compare their loan products.

Vivianne Rutkowski
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0 votes 10 answers Share Flag
Mon Sep 5, 2011
Gianella asked:
0 votes 0 Answers Share Flag
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