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Financing in Hartford County : Real Estate Advice

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  • Local Info1
  • Home Buying8
  • Home Selling2
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Activity 33
Fri Feb 1, 2013
kfrank1977 asked:
Have a condo/ investment property in CA that I would like to refi HARP 2.0. --- LTV aprox 135%, no lates in mtg in the last 12 months, no cash out, No cash-out refi, Freddie Mac (prior ...
0 votes 0 Answers Share Flag
Wed Dec 19, 2012
Jessica Tracy answered:
Matt,

I know that my sister was able to. I would talk to your bank or mortage broker to see what would be best for you, either a lower rate or if paying less pmi. If you would like a mortgage referral I would be happy to give you some. Also, if you have any questions about buying your new home or would like a tour, I would be happy to assist.

I can be reached at 860-368-8383.

Jessica Tracy
... more
0 votes 2 answers Share Flag
Sat Aug 4, 2012
Dominique Wilder answered:
I think we might have spoke before but we are able to business loans for investors from $5,000-$250,000 unsecured and with no income documentation. You're welcome to contact me with more information.

Thank You,

Dominique Wilder
Universal Acceptance
559-375-2512
... more
0 votes 2 answers Share Flag
Sat Aug 4, 2012
Gregorio Denny answered:
You need to be at 75% LTV for a 2 - 4 unit investment property for conforming financing. You may be able to find someone doing it as portfolio in your area, but you would need to investigate that. You won't find what you are looking for with traditional conventional financing and obviously FHA is out of it's non-owner occupied. ... more
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Wed Aug 1, 2012
Mike Sullivan answered:
Interest rates are at all time lows....property values at all time lows....and you can afford to buy...

A couple of thoughts, you might purchase a less expensive home...there are a lot of nice ones out there below $400,000....The alternative is rent, which provides no positives for you. You might try playing with a rent vs buy calculator (http://www.realtor.com/home-finance/financial-calculators/rent-vs-buy-calculator.aspx) to help with your decision.

For me personally, I prefer to own my own home...aside from the be tax benefits, I like building equity in a property that's mine, and I can do with what I please.

Hope this helps! Good luck with your search...don't let PMI be the deciting factor
... more
0 votes 10 answers Share Flag
Mon Sep 17, 2012
Steve Geryk answered:
The caution can be caused by different factors and the question cannot be answered without hvaing all of your information. If you would like a new set of eyes on this to see what is possible for you to do, give me call at 860-684-3111.

Steve Geryk
stevegeryk@gmail.com
NMLS ID 91523
... more
0 votes 3 answers Share Flag
Wed Jun 20, 2012
Seth Winkleman answered:
Try Eric Gadarowski 860-7965596. He is the Mortgage Banker in our office. Please let me know if that helps SethWinkleman@PrudentialCT.com
0 votes 1 answer Share Flag
Sat May 5, 2012
Tracy Heinz answered:
Hi I have someone who can help. We are not supose to post our information here but I will give it a try. You can contact me at 860-882-9764 or TracyHeinzCT@gmail.com
0 votes 2 answers Share Flag
Wed Jun 27, 2012
Seth Winkleman answered:
Where are you looking and how much rent are you looking to pay?

Seth
Call/Text 860-985-5816
email: SethWinkleman@PrudentialCT.com
0 votes 5 answers Share Flag
Tue Mar 26, 2013
Anna M Brocco answered:
Interest rates will be based on the type of loan you qualify for, keep in mind that they do change daily and sometimes more than once....
0 votes 7 answers Share Flag
Thu Oct 6, 2011
Scott Godzyk answered:
at that rate, it may not be worth the cost to refinance if you are not planning on staying there for a long time. Your savings will be wiped out by the cost of teh refinance
0 votes 3 answers Share Flag
Fri Sep 23, 2011
Tim Moore answered:
Jumbos have a whole set of new rules these days. I just got approval for a doctor and it took me 3 months and had to pass the watchful eyes of 2 underwritters. I doubt you will find one offering 80-10-10. Check with Wells Fargo, if anyone can help they can. If they say no, it's very unlikely anyone else can do it either. ... more
0 votes 4 answers Share Flag
Mon Apr 11, 2011
Vincent Carrieri answered:
Just because you qualify for a higher mortgage amount does not mean that you should buy a house that you can not afford comfortably. Pre approvals do not take into concideration real life things like child support, or utilites on the home exc... Please keep in mind that this is a payment that your stuck with for 30 years. Instead of thinking in terms of what you qualify for, think in terms of what payment you are comfortable with. If you approach things this way your sure to be buying within your means and almost guarentee an approval when your ready. ... more
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Sun Apr 10, 2011
Seth Winkleman answered:
You would have to get a loan secured before you put in an offer. The bank requires a cashiers check as a deposit. Foreclosures are very risky. You have to make sure all their taxes have been paid, that there are no liens on the property, it is very important to have a clean title. I would definitely consult a good attorney. If you need any referrals give me a call Seth Winkleman 860-985-5816 SethWinkleman@PrudentialCT.com I work with a lot of bank-owned properties! ... more
0 votes 1 answer Share Flag
Mon Apr 11, 2011
Minna Reid answered:
Ive never seen an auction allow a mortgage contingency. So if you lose your financing, you lose your deposit also. Usually there is a sizable minimum. I wouldnt recommend going this route. Cash is best for auctions. ... more
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Sun Apr 10, 2011
Candace Lipira answered:
I never answered from what I can see any questions you have posted. I would recommend finding a great agent and have them put you on Listingbook. A great tool that reflects the MLS in real time. The only website that gives accurate info and status of listings. They can reveiw your activity and send you notes on properties you do view or save as favorites. You can also send them notes from the listing.

Good luck and thank you for getting back to those who answered. It's rare we find out how much our answers are helpful.

"Your Beacon to Fairfield County Lifestyles"

Candace Lipira, Realtor
Keller Williams Platinum Properties
203-856-8501 cell
203-544-9786 home
candylipira@optonline.net
candylipirahomes.com
CT Licensed Agent
... more
0 votes 1 answer Share Flag
Mon Apr 11, 2011
Seth Winkleman answered:
There are homes like that, but it really depends on the location, size, etc. Feel free to text me at 860-985-5816 or email me at SethWinkleman@PrudentialCT.com. Or check out the link I provided. ... more
0 votes 8 answers Share Flag
Mon Apr 11, 2011
Christopher Lefebvre answered:
I would suggest that you shop around and keep all of your options open. A mortgage broker usually has access to many more programs compared to one individual bank. That doesn't mean that a local bank won't have a good deal for you. Shop around, compare rates, but also pay attention to loan terms and closing costs. Make sure that you are comparing apples to apples. ... more
0 votes 6 answers Share Flag
Wed Jan 26, 2011
Louwu answered:
No. Pure stated income loans are illegal in the US. Per Frank Dodd, you need to be able to provide proof of some sort of your ability to repay the loan.

HOWEVER, they have VOEs which essentially are pretty darn close to stated income. Lender just verifies with the employer that the employee works there...Thin line.


Lou
... more
0 votes 1 answer Share Flag
Fri Mar 12, 2010
Carl Henker answered:
You will need to work with Wells Fargo if they still hold the loan. You may find that two years payment history is required and a full appraisal. Good Luck
0 votes 5 answers Share Flag
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