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Financing in 77043 : Real Estate Advice

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  • Home Buying2
  • Home Selling3
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Activity 109
Tue Nov 27, 2012
Chris Covalle MBA, CPA answered:
Kuleen, I would be happy to discuss this scenario in more detail with you so we can learn more about client profile. As long as we are putting at least 20% down we have some possibilites. Thanks, ... more
0 votes 8 answers Share Flag
Fri Sep 26, 2008
Steve Ferguson answered:
Mechelle

I would recommend you wait to get another car unless you can't live with out it. I would concentrate your money on your credit cards as those interest rates are usually higher then car loan interest rates. The rule of thumb for credit cards regarding credit scores is to keep your balance less than 1/3 of your limit. This will give you a positve rating on your credit report. If you are able to completely pay off your credit cards every month you will see good score increases as well. There are a lot of misconceptions about how to fix credit and what works.

Are you interested in buying a home someday or do you own one? I ask because your credit scores drive mortgage loans in this day and age and its more important than ever to make sure you pay all of your bills on time.

Hope this helps
Steve Ferguson
... more
0 votes 1 answer Share Flag
Sun Sep 7, 2008
Juan Carlos answered:
Hi Lisa,

There are several programs available to help first time home buyers. I have taken the liberty to include two URL's I think you might find helpul.
If you are not currently represented by a realtor, please feel free to contact me. I would love to help you find your first home.

www.hrx.hctx.net/dap.htm
www.houstontx.gov/housing/singlefamily.htm

Hope this helps,

Juan Carlos
... more
0 votes 6 answers Share Flag
Wed Sep 3, 2008
Juan Carlos answered:
Hi Brittany,

Please don't take this in the wrong way, but the best state is your state of mind. If you have the right attitude, a little money to market yourself and are a self starter, go getter, then you will be successful anywhere. Feel free to contact me if you would like to chat.

Juan Carlos
... more
0 votes 5 answers Share Flag
Thu Jun 19, 2008
The Hagley Group answered:
Are you a member of a credit union? That certainly meets your description. Also FHA may be an option.
0 votes 2 answers Share Flag
Fri Aug 1, 2008
Nato Ruiz answered:
Hi Danielle. Did the second company say why they thought you didn't qualify? Most likely it doesn't have to do with what they are making off the loan. What information of yours have they looked at? The way to determine if you qualify if to look at your overall situation...length of employment, income, debts, credit score, price of the property you're looking at...this is how a lender or broker can get a good idea of what you can qualify for. I would recommend having both brokers review your overall situation thoroughly so that you can get a solid idea of what you qualify for or if you don't, why it is you don't. FHA is a great program and their loans require that you show the lender documented proof of the information you put on your application. Make sure both brokers have your complete information, including what I mentioned above. If you have any question, feel free to contact me.
-Nato Ruiz
www.natohomesandloans.com
... more
0 votes 15 answers Share Flag
Sun Mar 16, 2008
Jeremy Goldstein asked:
My name is Jeremy Goldstein and I am new to Houston. Looking for a private lender – NO BROKERS PLEASE – for a rehab loan on a tri-plex. Purchase price about 30k. ARV shoul...
0 votes 0 Answers Share Flag
Mon Mar 17, 2008
Jeff Marr answered:
Phil, for the most part you should be fine with your plan. She can easily be added to title though she's not on the loan. There's also nothing preventing her from making the payments if you weren't around (no lender will question where their payments are coming from, they just want their money).

Keep in mind, if you're applying for an FHA loan, the lender will automatically factor in your wife's debt, whether she's on the loan or not..

Jeff M.
... more
0 votes 3 answers Share Flag
Wed Dec 22, 2010
Matt Stanley answered:
It is best to compare a few lenders by asking for a 'good faith estimate' from each of them for the same loan amount. This is a document that they will send to you that will allow you to compare their rates and fees. However, it is not all about the bottom line. It is best to use a lender that has a good track record. So, much like finding a good doctor or lawyer, you should find someone that comes highly recommended by friends, family, or your realtor. ... more
0 votes 18 answers Share Flag
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