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Financing in 92121 : Real Estate Advice

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  • Home Buying2
  • Home Selling2
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Activity 132
Sat Jan 25, 2014
Suzanne MacDowell answered:
Does your spouse have an income? There are a lot of factors that go into qualifying for a mortgage, one is income. Another is the amount of debt that person carries as compared to their income, in other words, after all the other bills have been paid, is there still enough income to pay the mortgage as well. Another factor is credit score, a history of paying bills on time. Unless your spouse has an income, and most home makers do not, then the answer is no. ... more
0 votes 14 answers Share Flag
Sat Mar 23, 2013
Jonathan and Theresa Mack answered:
It all depends on the lender but in my experience 60-90 days is pretty common.

If you'd like the a recommendation for some lenders who have great rates and closing costs feel free to give me a call or shoot me an email!

Theresa Mack
Coldwell Banker
(858) 230-4850
theresakmack@gmail.com
www.mackrealestate.com
... more
0 votes 7 answers Share Flag
Sat Mar 29, 2014
Wayne L. Brown answered:
In most cases, Yes, as long as it is disclosed. However, if you are doing an FHA loan, it is prohibited by HUD.

That said, some lenders frown on this, and as their own policy may not allow it.

Hope this helps.

Wayne L. Brown
Mortgage Banker
Security National Mortgage Company
NMLS # 343946
Company NMLS 3116
... more
0 votes 15 answers Share Flag
Thu Mar 21, 2013
Gregorio Denny answered:
You should ask your loan officer how much it is to lower the rate 1/8th. You can always use it to buy the rate down. You may also be able to have it applied as a principal curtailment if structured properly. Most loan officers are not aware that his can be done and may tell you otherwise. A lender can only legally impound so much so prepaying taxes as impounds most likely is not an option. ... more
0 votes 7 answers Share Flag
Wed Feb 6, 2013
answered:
Negotiating with us is "Accepted"
0 votes 5 answers Share Flag
Fri Apr 18, 2014
Fred Glick answered:
0 votes 6 answers Share Flag
Thu Nov 29, 2012
Michael Cheng answered:
Trulia, if you're looking for a CMBS loan for your company, then you should definitely look into refinancing. Rates are down 60-80 bps this year. While rate locks are expensive, you can choose to pay for it if you really need a guaranteed rate. ... more
0 votes 9 answers Share Flag
Wed Nov 28, 2012
Cindy Davis answered:
I'm not sure what you are asking for and for what reason...Is this your property? Are you thinking of buying it? Please contact me directly and I would be glad to give you what you need off line,,,OK?

Cindy Davis - 619-379-8616
... more
0 votes 2 answers Share Flag
Tue Apr 16, 2013
Royce Kemp answered:
My advice is to first check your credit report to see how much damage was done! If your score is still good, then you shouldn't have a problem. I had a client who had a foreclosure about two years ago, and it doesn't show up on her credit report, she has over 750 credit score, so banks were happy to help her out, but she needed to disclose that she had a previous foreclosure.

Good luck, it would be nice to get back in the game with these really low interest rates!

Royce Kemp
Premiere Properties
... more
0 votes 7 answers Share Flag
Tue Nov 20, 2012
answered:
I do Foreign national loan with only 35% down payments!!!
0 votes 3 answers Share Flag
Tue Nov 20, 2012
Hector Gastelum answered:
No, I used to be a lender a few years ago, if you give a complete package it will be underwritten quicker than the ones that provide incomplete loan packages. Final underwritten approval does not come until the rate is locked and you have selected your property.


Hector R. Gastelum
Realty Executives Dillon
REALTOR #01382940
hectorgastelum@yahoo.com
619-954-2225
125*142*10754
efax 619-270-2516
... more
0 votes 13 answers Share Flag
Tue Nov 20, 2012
Maria Weiss answered:
Yes! In today's market, it is very important to have that pre-qaulified letter when submitting an offer. We are seeing multiple offer on properties and if you want your offer to be seriously considered by the seller, a pre-qual letter should accompany the offer. Equally as important, you need to start the process for a loan so that you are assured that you can secure a loan, you will know the amount of the monthly payments with which you will feel comfortable and the amount of the loan for which you qualify. Then you can begin your search in the price range that will work best for you.

I hope that helps answer your question. If I can be of further assistance, let me know.

Maria Weiss
Prudential CA Realty
DRE Lic #01368844
858-248-0863
maria@mariaweiss.com
... more
0 votes 19 answers Share Flag
Sat Oct 27, 2012
Hector Gastelum answered:
Many so called experts say to visit 3-5, but it hurts your credit to have 3-5 credit inquiries. I recently met with Union Bank and I have the right representative for you, their programs are very good. Let me know where you are and I will refer you to the correct Mortgage Professional.

Hector R. Gastelum
Realty Executives Dillon
REALTOR #01382940
2240 Otay Lakes Rd. #306
Chula Vista, Ca 91915
hectorgastelum@yahoo.com
619-954-2225
125*142*10754
efax 619-270-2516
... more
0 votes 7 answers Share Flag
Wed Oct 17, 2012
Linda Chu answered:
I may have a lender for you. Their limit is 20 owned properties.
0 votes 1 answer Share Flag
Mon Jan 21, 2013
Kari Shea answered:
Hi,

They may be able to charge certain fees as you must have signed something to get the process started. Ask the lender you are with to match it and see what they say.

Best of luck,

Mark & Kari Shea
Shea Real Estate
Serving Greater San Diego
... more
0 votes 10 answers Share Flag
Mon Jan 21, 2013
Rich Homer answered:
Best to look for a local Mortgage Broker under "Find a Pro in the header of this website. http://www.NaplesRealEstateGuys.com
0 votes 9 answers Share Flag
Sat Sep 22, 2012
Hector Gastelum answered:
hi John,

I believe my lending team can help, conventional will not touch it, but there is portfolio money available at decent rates

Hector R. Gastelum
Realty Executives Dillon
REALTOR #01382940
hectorgastelum@yahoo.com
619-954-2225
125*142*10754
efax 619-270-2516
... more
0 votes 4 answers Share Flag
Wed Jul 25, 2012
Gregorio Denny answered:
Everyone is not denied. I do a large number of HARP refinances and the vast majority are approved. Some lenders have overlays, but you can find some who do not. Depending on if it's Fannie Owned or Freddie owned plays a large part in it as well. Freddie Mac owned mortgages are harder to get done at higher loan to value. Virtually all eligible Fannie Mae mortgages are approved in my experience. Contact me if you need assistance. ... more
0 votes 3 answers Share Flag
Thu Oct 25, 2012
Dominique Wilder answered:
Hi. Is buying it as an investment property where the daughter is going to live I might be able to help. But he must be classified as an investor and pay taxes accordingly. We do business loans for our clients that are currently in business or wanting to get started in business. Real Estate investors are in business therefore they are able to obtain a business loan. Depending on your goals one program we offer may benefit you. We offer a no document business loan, no collateral on the property as it is a business loan and you are able to finance 100% or more. Many of our investors finance the repair/upgrade costs into the loan. The loan is based completely on your credit. You must have a 620 or above to apply. Some of the factors we consider is the length of your credit history, how much available credit, how many recent accounts have been opened etc. We need to prove your ability to repay the loan based on your personal credit. You are welcome to contact me anytime with questions.

Dominique Wilder
Universal Acceptance
559-375-2512
... more
0 votes 5 answers Share Flag
Sat Jul 7, 2012
answered:
Really? What price range are you looking for & which country will this villa be located?
0 votes 4 answers Share Flag
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