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Financing in 84117 : Real Estate Advice

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Activity 11
Thu Jul 26, 2012
Suzanne MacDowell answered:
The cost of PMI just went up significantly, so, yes you are going to pay a lot more than your friend. However, the only way to avoid it is to pay 20% down. So, save your money and put down 3.5%. You'll pay the PMI either way. ... more
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Mon Apr 30, 2012
When you are buying your home, get a referral to a Local Mortgage Banker.

Mortgage Bankers in your community will provide you with a much higher quality of service and financing options than any "Big Bank." Local Mortgage Bankers have long been the source of excellent financing options for homebuyers. Further, Loan Originators who work at Mortgage Banks are LICENSED whereas Loan Originators who work for the "Big Banks" are only REGISTERED. There's a BIG difference.

Sit down face to face with your Mortgage Banker to be thoroughly prequalified. The Mortgage Banker will review all facets of your loan request to answer your questions with regards to the types of loans and maximum loan amounts you could qualify for.

Consumers have been led to believe---thanks to huge advertising budgets with the BIG BANKS---that they should go to their bank for a mortgage loan. This is the WORST place to get assistance with the BIGGEST PURCHASE of your life! These BIG BANKS are basically BIG CORPORATIONS. You're a number, at best. With a Local Mortgage Banker you will be treated like a friend and a client for life. You can't imagine the high quality of personalized service you will receive from a Mortgage Banker until you try.

As to price---rate and fees---competitive if not better than the BIG BANKS.

You can verify the License of any Licensed Mortgage Loan Originator at

Trevor Curran
NMLS #40140
... more
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Sun Apr 29, 2012
Dave answered:
The catch is those rates are good for that particular purchase price ($300,000) with 20% down and 720+ FICO. If you fit that one scenario, you are good...but as soon as you have a lower purchase price, down payment or FICO, they will quickly change your rate and APR. Give me a call and I would be more than happy to give you a quote without the trickery.

Dave Bath
Axiom Financial
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Fri Feb 3, 2012
Tinab answered:
You can use an FHA 203K loan to purchase the home and include the cost of building the garage in the loan.
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Mon Dec 5, 2011
W. Scott Bennett answered:
Call Jon Hasebi at 801.747.1244 this is his office# if it can be done, he can do it.
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Tue Aug 30, 2011
Micah Olson answered:
I have not talked to a lender that cares what the Visa status is of a borrower. They normally just want to have established credit, and verifiable income.

I have some friends here on a B1/B2 visa, who have gotten an ITIN, and are building credit using that number. They should be able to buy a home in a year or so.

Micah Olson
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Mon Aug 26, 2013
Scott Butcher answered:
I suggest you talk to a commercial mortgage banker. Yes, they typically charge 1% for their fee but the time they save you in legwork is worth it. They will have access to all sorts of different lending options assuming the Apartment complex your talking about is a decent size. (ie. over $1M). otherwise, I suggest going to local banks.

I have some good names of national commercial mortgage bankers I know in TX that close loans all over the US if you want to email me offline.

good luck.
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Fri Feb 25, 2011
Clint Carter answered:
Hi Paul, please contact me directly at ccarter@pdsrealestate or 801-651-8333. I know several of the best lenders in Utah and if they can't get it done no one can. These are high quality, honest professionals that I trust my business with. I'd be happy to assist you.

Clint Carter
PDS Real Estate
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Tue Jul 21, 2009
Bill Eckler answered:

This is a most unfortunate situation, however, you are the only person to travel this road. Others have found it beneficial to provide documentation of this problem and submit it with a detailed letter that explains your experience.

Nothing ventured, nothing gained......

Good luck
... more
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Mon Aug 24, 2009
M answered:
Dear Roslyn,
Congratulations! I would like to recommend Corie Seymour, Salt Lake City Real Estate. You can email her at this link:
Also, her phone number is 801-554-4560. My firm can be found at We help people locate retirement, second home and vacation property in the US and I have heard good things about Corie from a friend in Utah. The very best of luck to you!! If you need any other help or guidance, just email me. We know a lot of people in this business and don't mind helping.
The Schaffer Realty Group
... more
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