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Financing in 78763 : Real Estate Advice

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Activity 79
Mon Jul 1, 2013
Allan Griego answered:
Do you own the lot you want to build on? If you do, you may have a chance depending on several factors. If you don't own the lot you want to build on, your facing an up hill battle.


Allan Griego
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0 votes 4 answers Share Flag
Mon Mar 25, 2013
Tina Lam answered:
On a pure financial cost basis, you'll pay less interest with the 15 year option. However, you gain additional cash flow flexibility with the second option. As for which is better, that's up to you. ... more
0 votes 10 answers Share Flag
Wed Mar 13, 2013
Lara Pavanelli answered:
Make bi-monthly payments and you will pay off your loan in 23 years instead of 30!

Kind regards,
Lara Pavanelli
0 votes 10 answers Share Flag
Wed Feb 27, 2013
Shannon Black answered:
Can you please contact me....I need more info and have an investor that could possibly help. I need to know the address of your current home, how much you owe, what exactly you are looking for as a return etc. If I can help let me know. Shannon Black Realtor #601576 or 512-585-5417 ... more
0 votes 5 answers Share Flag
Tue Mar 5, 2013
Vanessa Nunez answered:
By allowing people who would not undernormal circumstances ever been able to qualify for a loan getting a loan with little or no proof of true income. The bar must stay somewhere in the middle never to either extrmes and we have seen both of those in the past several years to where now more stable borrowers.

Vanessa Nunez
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Tue Feb 5, 2013
William Friedrich answered:
Hi Neiceedp,

I checked several properties in Killeen and looks like the tax rate is 2.468390%.

Multiply that times the Appraisal and you get the taxes owed. $152,000 X .02468390 = $3,751.95 tax

Of course you could have exemptions which may apply such as Homestead or Senior Citizen and that would affect the amount of taxes to be paid, but would not affect the Tax Rate.

Bill Friedrich
... more
0 votes 2 answers Share Flag
Thu Jan 31, 2013
Bill Austin answered:
I'd suggest you turn to your REALTOR who advised you to get into a lease to purchase deal in the first place. I"m sure they helped you with an exit plan.
0 votes 2 answers Share Flag
Thu Feb 28, 2013
Dan, I may have a lender or two you can speak to. Email me at to remind me tomorrow and I'll make a few calls for you...

Joe Jarusinsky Realtor/Master Instructor Keller Williams Realty, Austin's #1 Real Estate Company, Ranked #1 by Buyers and Sellers (JD Power & Assoc. 2012) Call 512-261-4415 ... more
0 votes 7 answers Share Flag
Tue May 14, 2013
Ronald Cullinan answered:
Yes, and the first thing I would reccomend to you is that you utilize the services of a mortgage lender who has extensive experience in this type of loan. It's really essential that they have both contacts in the FHA as well as local builders/inspectors to ensure that you don't run afoul of government bureaucracy.

Contact me for the name of one of the best. We would be delighted to help you in your search and transaction.

Ron Cullinan
Avalar Austin
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0 votes 11 answers Share Flag
Thu Jan 17, 2013
Marco Bolado answered:
Please call or email me with more details.


Marco Bolado
0 votes 5 answers Share Flag
Thu Dec 20, 2012
John Crowe answered:
Debt and income, primarily. Lots of nuance involved in the process lenders want to know you can pay the loan back and the discovery process is thorough. Talk to one - they don't bite and will help you determine if buying is an option. ... more
0 votes 4 answers Share Flag
Sun Dec 22, 2013
Fred Glick answered:

Unless your tax returns show enough income with the dividends, interest and net income from self employment, go to wherever you have you $3MM. They will give you a margin loan on a mortgage having secondary collateral of your cash without the need for any income verification.

Standard mortgage lenders are income based because of Dodd-Frank.

Good luck,

... more
0 votes 7 answers Share Flag
Thu Dec 20, 2012
John Crowe answered:
For local banks, try Prosperity, Lone Star (Dripping Springs), Independent. May I ask why you posted this question to a housing information site? More curious than anything else.
0 votes 5 answers Share Flag
Thu Dec 20, 2012
Bill Austin answered:
Sure there are. The question for you to ask is, are there brokers that will acept you as an agent and what fees are you going to have to pay.
Call me if you'd like to discuss in detail.
... more
0 votes 14 answers Share Flag
Fri Nov 30, 2012
Thomas Cantalini answered:
Good morning,

I happen to be from Michigan, too. I recommend that you contact a lender who would provide credit repair advise at no cost to you. Please, contact me for a list of lenders to consider. Based on the monthly payment that you make for rent, I am confident that you can find a home in an area near Austin that is affordable and meets your needs. There is also a possibility that you qualify for a loan that does not require a credit score above 600.

I look forward to hearing from you. Thank you.

Thomas J. Cantalini
Broker Associate, REALTOR(R) GRI, CNE, SFR, MBA
Century 21 HSK and Associates Austin
9020-1 N. Capital of Texas Hwy., Suite 210
Austin, Texas 78759
512-797-9167 (cell)
512-264-3446 (home)
... more
0 votes 2 answers Share Flag
Thu Sep 21, 2017
Israel Gutierrez answered:
Buying a 2nd home, or an investment propert is done frequently in Auastin. Shoot me an email and I will forward a couple reputable options for local mortgage brokers that can show you all the options as rates and programs vary amongst lenders. You can reach me at 513-299-3809 or ... more
0 votes 9 answers Share Flag
Sun Jul 15, 2012
Fred Glick answered:
Mon Jul 2, 2012
HUD doesn't control closing costs. Lenders do.

HUD No. 12-045 just lowers the mortgage insurance.
Beginning June 11, 2012, FHA will lower its Upfront Mortgage Insurance Premium (UFMIP) to just .01 percent and reduce its annual premium to .55 percent for certain FHA borrowers.

Maybe you need a new lender. One that can explain stuff like this.

Tom Burris
Mortgage Banker
(214) 763-4629 cell/text/nights/weekends(Really!!)
Lending all across the entire Great State of Texas!!
NMLS# 335055
Search Dallas area MLS for FREE. No registration =>
... more
0 votes 3 answers Share Flag
Mon Jun 4, 2012
John Crowe answered:
Try Manana Funding. Get in touch offline and I'll provide contact details.
0 votes 6 answers Share Flag
Mon May 28, 2012
Michael Cheng answered:
You may have the necessary income. But, to get a mortgage, you'll need some credit history. What's your credit score?
0 votes 7 answers Share Flag
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