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Financing in Encino : Real Estate Advice

  • All74
  • Local Info7
  • Home Buying20
  • Home Selling5
  • Market Conditions3

Activity 3
Mon Oct 28, 2013
Robert Chomentowski answered:
I would be happy to talk to you if you would like.
0 votes 11 answers Share Flag
Mon Nov 24, 2014
Sally Grenier answered:
All depends on the loan! 20% has never been a requirement. What type of loan are you talking about? You can put as little as 3.5% down with an FHA loan. But then of course you'll have a higher payment and also have to pay mortgage insurance. You can get a conventional loan for as little as 5%, 10% or 20% down. But anything under 20% you will have to have PMI (private mortgage insurance).

I have a great lender I can refer you to. Please contact me directly for her contact info.
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0 votes 9 answers Share Flag
Mon Jan 31, 2011
Kim Noonan answered:
Now that you have a tenant in your Chicago home, it may affect your interest rates, costs, terms and option to cash out, since you are no longer an owner occupant.

Talk to an experienced reputable loan officer to help put the pieces of the puzzle together for you!

If you'd like a recommendation, let me know. I have an amazing loan officer who is based out of the northern suburbs, and he can help you Ben Franklin through your options.
... more
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