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68124 : Real Estate Advice

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  • Home Buying1
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Activity 177
Thu Jul 18, 2013
Shaukatali Kadibhai answered:
Holles,
Try this lender. I have had excellent results for my buyers.


David Krichmar

Mortgage Banker/Broker #293883

Schmidt Mortgage Company

Approved MCE Instructor

Direct:832-689-6012

fax:832-204-3353

David.Krichmar@gmail.com

www.DaveYourMortgageGuy.com

For More Mortgage Info Follow me at Dave's Blog







DaveYourMortgageGuy.com is Voted the #1 Mortgage Company in Houston, Texas. 2010
... more
0 votes 8 answers Share Flag
Sun Jan 20, 2013
Erick Gale answered:
Hello Alez

I just wanted to inform you that with an FHA Loan of this ammount the minimum you would have to put down is 3.5% or ($6300) with a Conventional Loan the minimum you would have to put down is 5% or ($9000). Here at NP Dodge Real Estate Sales, Inc at the 35 Dodge Office we have an in house loan officer you can speak with. Call me with any questions you may have about any homes in this price range you may wish to see as I have access to every home available in Omaha by any company. Thank You for Any Opportunities You May Provide. ... more
0 votes 5 answers Share Flag
Mon Jul 8, 2013
Summer Martin answered:
If you like I can email you homes with the criteria you are looking for. There are a lot of great homes in those areas. Please email me your info and I will send you listings of available homes. Thanks! ... more
0 votes 10 answers Share Flag
Sun Dec 16, 2012
lewis asked:
--
This question was asked from this property: http://www.trulia.com/rental-community/9000024383/The-Falgrove-5410-S-111th-Plz-Omaha-NE-68137/
0 votes 0 Answers Share Flag
Tue Jan 15, 2013
Brian Rayl answered:
I can't help you with finding a home, but I can give you some advice.

Draft up a heartfelt letter of explanation. Explain exactly what happened, what the circumstances around the incident, how the person has not had any other issues since then, is no longer on probation, and why that type of incident won't happen again.

You may have to offer a larger security deposit or add a little bit extra to the monthly rent. You can also get referrals from your previous landlords and ask them to write a letter for you along with their contact information saying that you were an outstanding tenant, etc.

Give them this letter when you submit your application so that they are not surprised when they pull the credit report and background check. This will show that that you are not trying to hide anything.

I wish you the best of luck in your situation. I know it can be difficult.

Brian Rayl
B&B Realty Group - Keller Williams Elite Dallas TX
214-601-4192
Brian@Rayl-Estate.com
http://finddallashomesforsale.com
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0 votes 3 answers Share Flag
Mon Dec 10, 2012
answered:
To answer your questions: 1. Depends on your current situation. If there are credit issues and you are working with a good credit repair company and you are not creating new derogatory entries, you
can be ready normally between 6 months and 2 years. 2. This is dependent on two things depending on how you are talking about it. Between you and the seller, it depends on your contract. For loan underwriting purposes, the amount you get credit for rent is the amount over the market rent rate that you are paying to the seller under the contract as down payment. Just because the contract calls it down payment, doesn't mean the underwriter will give you all that amount if you aren't paying the market rent rate. 3. If you use USDA on a rural property, $0. If you use VA, $0. Using FHA, you would have to have $3,500.00 of your own money (or gift) in the deal. Using conventional, in most cases you would need 5% down ($5,000.00) or if you qualify 3% down ($3,000.00)

I hope that helps. If you have any other questions, you can call me at 402-333-5432 or email me at dennis@mortgageloansofamerica.com.

Thanks,


Dennis W Clark
Freedom Lending, LLC
NMLS#13970
www.mortgageloansofamerica.com
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0 votes 1 answer Share Flag
Mon Dec 10, 2012
kenneth Landolt answered:
Lenders usually require that they pay your taxesbut the good news is you usually get a slightly better rate for them to use your money. If you are putting 20% down you get the option to pay your own. Call Steve Winteroff at Enterprise Bank he is very knowledgeable and will give you a great rate. 250-6342 ... more
0 votes 3 answers Share Flag
Tue Apr 25, 2017
Cory Fuller answered:
Greg,

I would base that decision on a few factors. To me, it depends on what you are wanting to price your home at. You won't get $8800 more for your home as replacing the HVAC is more considered a maintenance issue, not a monetary resale issue. Your home should sell quicker with an updated HVAC as it is a major ticket item that some of your competition may not have and you may be able to price it another $4000-$5000 higher because of it. By the age of 32 years though, most of the competitions' HVAC's will have been replaced too though as the average life before replacement is usually 25-30 years. If it still running great, with no issues, you could always see if it would be eligible for a home warranty company like Service One or HMS to cover it under warranty and then sell the home with a 1 year renewable home warranty, which would cost you around $425. If you would like me to take a look at the homes that are in your area in which you would be in competition with and let you know not only what the resale values are like, but also the age of their HVAC systems, I would be glad to do that for you. Feel free to call or email me with any questions Greg and good luck with the sale of your home when you do go to sell it, no matter who you choose to get the job done for you.

Cory Fuller
Trulia Pro Agent
Prudential Ambassador
402-680-2393
cory@coryfuller.com
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0 votes 52 answers Share Flag
Thu Nov 14, 2013
answered:
Mellisa,

FHA is the right choice for you. In our current economic conditions its going to be hard to obtain a conventional loan with your current credit score with just 5 percent down. FHA can easily be obtained with a minimum score of 640 possibly as low as 580 with just a 3.5 percent downpayment. Almost all local lenders do FHA loans (which are backed by the federal government) which will get you on your way to home ownership. ... more
0 votes 17 answers Share Flag
Sat Dec 15, 2012
Michael McGlynn answered:
Call, text or email me, Mike McGlynn @ 855-257- 3294. We'll sit down together and evaluate your current situation together. We'll work together to create a plan on how to get into a brand new home! ... more
0 votes 10 answers Share Flag
Sat Dec 8, 2012
Summer Martin answered:
My mom bought a celebrity home 13 years ago. No issues except some regular maintenance. I sell Celebrity homes because they are affordable, pay your closing costs, they are brand new, include all your appliances. I think it's a great deal and refer my clients to them all the time. If you are interested in seeing them contact me at 402-359-0284. Or smartin@npdodge.com. ... more
0 votes 6 answers Share Flag
Sat Dec 15, 2012
Johnathan O'Gorman answered:
Hello!

Have you had a chance to take a look at the different school districts in Omaha. There are several, all with different pros and cons. I can email you a list and resources that would allow you to gain a better understanding.

There are a few significant differences between convention and FHA. With a good credit score as long as your monthly expenses are low a conventional loan is probably best.

Taxes vary depending on the type of community you are looking to be in (new construction, area etc) and the county. I would be more than happy to email you a few sample properties to show you the variations.

Let me know if that is something you would be interested in.

That is a very healthy budget for what you are looking for and you should have several options.

What brings you to Omaha?
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0 votes 6 answers Share Flag
Thu Jun 27, 2013
Joe Vampola answered:
I take a % of the commission for the lease and collect the rest at the time the purchase takes place. This is all decided at the time we write it up. Call with any questions 402 676-1457 ... more
0 votes 6 answers Share Flag
Thu Dec 6, 2012
Alex Heyen answered:
I can provide this for you. Not sure how to attach it here. Can you email me at alex@alexheyen.com or call me at 402-203-3883. I can reply to your email with a trend graph.
0 votes 1 answer Share Flag
Thu Dec 6, 2012
Johnathan O'Gorman answered:
It really depends on the loan program you choose. Different loan programs require different amounts of funds to be unused after you pay your bills. It is all based on your debt (monthly bills including your house payment) to income ratio. ... more
0 votes 4 answers Share Flag
Fri Feb 19, 2016
answered:
Alez,

Great questions! The best time to start preparing to look for a home is as soon as possible. In other words, find a knowledgeable, ethical mortgage professional in your local area in advance of looking at homes. You'll want to make sure you qualify for the price range you're looking in AND the monthly payment is within YOUR budget. It's also good to see what's on your credit report to make sure there's credit issues that can cause headaches down the road. Jonathan is exactly right! ... more
0 votes 15 answers Share Flag
Thu Nov 29, 2012
Michelle Brezinski answered:
I've had experience in dealing with land contracts, and would be glad to help you. Please call me to discuss particulars.

Michelle Brezinski
402.880.9556
0 votes 3 answers Share Flag
Sat Dec 8, 2012
Anna M Brocco answered:
Consider flagging the listing or contact customer service http://www.trulia.com/help/ask/
0 votes 6 answers Share Flag
Thu Nov 29, 2012
Michelle Brezinski answered:
I would be glad to help you if you'd like to call and discuss!
Thanks!
Michelle Brezinski
402.880.9556
0 votes 1 answer Share Flag
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