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Financing in 92706 : Real Estate Advice

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  • Home Buying3
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Activity 8
Thu Aug 30, 2012
Grant Fawcett answered:
OC Resident:

FHA Streamline. I can help.

I'm a Mortgage Banker - Direct Lender. If you want to wait 90 days contact Wells Fargo. If you want to get this done in 2 weeks, call me. I have numerous references from my personal loans closed this month.

My direct cell is (949) 212-4578

Enjoy your evening.

Grant Fawcett
Mortgage Banker
Castle & Cooke Mortgage
Cell: (949) 212-4578
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Tue Apr 23, 2013
Gregorio Denny answered:
What is the credit score and what were you told is the cutoff?
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Sun Aug 21, 2011
Steven Ornellas answered:
Hi jljuan99:

You need to find and pull out the loan documents the escrow company provided you (specifically, the Promissory Note and the Adjustable Rate Rider) to understand what your loan's index and margin are. These docs will have all you need to determine what will happen to your rate.

Looking for a short-cut to the answer? Call the loan person you worked with and ask!

Best, Steve
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Fri Jun 25, 2010
Tamera Yu answered:
Yes, you can refinance an investment property and pull cash out, however, compared to an owner occupied loan, the loan to value requirements will be more strict on the investment property refinance and interest rates will be higher.

If you are pulling the money out to pay cash for the property then you will not have any issues, but if you are taking the money for the down payment on the new home, I would recommend speaking to a reliable Loan officer to ensure that you will be able to qualify for both mortages.
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Wed Apr 29, 2009
Tv On Your Computer answered:
I dont approve of it but there are tons of software i found that are trustworthy including the following link, maybe you can give it a shot. They were great to me, i purchased it for 20 dollars ... more
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Thu Sep 4, 2008
Bill Eckler answered:

With 50% down you shouldn't have any problem with financing. We would recommend beginning with the bank you normally do business with. They will be able to refer you to a US bank that might be able to provide the most favorable terms.

One of our customers from London, Onterio actually found a branch of his bank in our location with superior terms. Start with your own bank, it may be able to help more than you can imagine.

Good luck,
The "Eckler Team"
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Thu Mar 20, 2008
Jason Williams answered:
I'm working with someone right now who is looking for a 200K condo in Tustin/Santa Ana. I have a guy that is working on one of those for them, you can give him a call anytime and he can find out if you are qualified or not.

714-709-1016 Miguel
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Thu Jan 24, 2008
Robert van der Goes answered:
Hello Maggie,

A very important question is, "When or is your loan maturing (meaning, is it requiring you to pay more than the minimum payment)?" Do you have the option to make 3 different payments, such as, a) Minimum payment, b) Interest only or c) Full 30 year amortized payment? If so, then you can pay any of those amounts. Usually the bank has set it up where any payment above the minimum first pays interest, then anything above the minimum+interest would obviously pay down the principle. Because the idea is that if you don't pay the interest, you are adding to the principle. So it goes to say that if you paid principle (and not interest) you wouldn't be making a difference on the total principle owed, because the interest just gets tacked on.

If you are interested in additional advice, with no obligation, I would recommend calling a lender. I have worked with Kevin Piel at Terra Mortgage. His number is 714-342-0002.

Best of luck,
Robert M. van der Goes
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