You need to speak to your loan officer. We don't know details of your situation. It's very common for a lender to have one person not be on the loan because they can't qualify. Both parties need to qualify if you both are going to be on the loan. However, you BOTH can be on title to the house. Again, talk to your LO and have them give you a detailed explanation.... more
It depends on what you are considering the best. If you are looking for the best area for schools or the best area for least crime then the first thing I would check is the school reports for the areas as well as the crime reports for the areas you are interested in. Unfortenately by law we cannot give that advice of what is deemed to be the best, we can only recommend these reports for you to decide on.... more
You should be fine. If I can help you see home in this area or answer any real estate questions, please don't hesitate to contact me. Please review my profile on Trulia and send me a message or email me at Thoyt@prutropical.com. If you are still in need of a lender, I would be more than happy to recommend a few.
No pressure, just help.
Prudential Tropical Realty... more
In a cash transaction no lending institution is in the middle. You are free to have a transaction between buyers and sellers. Is a private transaction. I hope this helps and good luck with your home search. Make sure that you have the funds available and ready before you move forward with your home buying process. Best of luck.
First Thank you for your service. As far as Chinese Drywall the current owner would have to disclose that as part of the property disclosure. I see home prices rising at this time. They are no where near where they were but still rising.... more
Yes, the successful plan would include knowing exactly what you are looking for, and being willing to commit quickly once a home that fits becomes available. Having all of your documentation ready to go will help the response time as well. Lastly, most bank owned homes will have an investor lockout time frame-try to take advantage of this. If you want to discuss this further, my contact information is in my profile.... more
Hi Angela, I did a quick search and found most to be townhomes and condos. Please feel free to contact me If you are not already working with a realtor and have more questions. I would be happy to help.
I woulud suggest contacting www.AimLoan.com if you're looking for a regular HomePath. You can get a correct answer within minutes. Also from my understanding if you can come up with 5% down (versus the minimal 3%) then you can get a significantly lower interest rate.
If you are considering a HomePath "Renovation" mortgage where you can include fixup then you have a limited choice of lenders and I would contact Regions Bank. They did a HomePath Reno for one of my clients.
All the best,
Alma Rose Kee, PA
Future Home Realty
R-4 and R-6 only tells you the number of units per acre. The deed restrictions should tell you what the height requirements etc are. This is more of a zoning and construction services question. Or one for a builder most real estate agents will not have this information. Contact me if I may be able to help further.... more
I don't think you have to, but it would be better if you did. The laws there could be different than here in NC, here we have 5 days after the offer becomes a contract to deposit any earnest money being offered by the buyer. That is often 1-3% of the purchase price and it will go towards the money required as a down payment at the closing. If you fail to get a loan, or cancel the contract because of issues with the inspection or any number of other permitted reasons, you would get it back. If you defaulted and backed out without being able to, under the conditions of the contract, you could forfeit the money. It would not be deposited until there is a contract and that would require all parties to agree and sing the offer. At this point no one else could buy the house unless you backed out.... more
Yes, but you have some risk. If more than one gets accepted before you get to cancel them you risk loosing your escrow deposit, in some cases you may even have to pay for an inspection hoping to find something wront to allow grounds to break the offer. You can get around that by making offers with very short acceptance period (they need to accept or deny your offer in 48hrs, example) that way if a second offer responds on day 3 you can simply say that it's to late and you have moved on. Find an experience Realtor to help you, remember that as a buyer you don't have to pay for an agent to represent you. Was this answer helpful? If so please click on the "green thumbs up" or the "best answer".