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Financing in Maricopa County : Real Estate Advice

  • All38
  • Local Info1
  • Home Buying23
  • Home Selling3
  • Market Conditions0

Activity 271
Sun Apr 14, 2013
Vivien L Biggs PLC answered:
Hello Chris,

Contact:
Eric North
Arizona Wholesale Mortgage
(602)524-2454

His specialty is Manufactured Home Loans.

Have a GREAT evening and weekend!
0 votes 5 answers Share Flag
Sun Apr 14, 2013
Joella Sartin answered:
Hello Scott, you might check directly with US Bank, Washington Federal or credit union if you are associated with one. The Lot loans and construction phase is just returning to the market. ... more
0 votes 6 answers Share Flag
Fri Jul 10, 2015
Gregorio Denny answered:
That depends on what type of mortgage it is. It could be just interest; principal and interest or principal, interest, tax and insurance. If you ever find one with just principal, please let me know because I want one of those. ... more
0 votes 5 answers Share Flag
Wed Mar 27, 2013
answered:
Hi Michael,

If you hit the "Answer question" button below on the right, you can finish your question...
0 votes 4 answers Share Flag
Tue Mar 26, 2013
Jennie Miller, Pllc answered:
You should speak with a lender. Have you contacted one yet to present your scenario?
0 votes 8 answers Share Flag
Sat Oct 19, 2013
Joseph Domino answered:
Yes, there are dozens of private investors in the valley. However, they require fairly large down payments 30-40% and will charge higher interest rates than you will get from a mortgage banker.

I some how think you will be better served to find a good loan officer and work with them to repair your credit while you save to increase your credit score and savings. In about 6 months you can get approved by a local bank.

Feel free to contact me if you have questions or need a referral.
... more
0 votes 3 answers Share Flag
Sun Mar 24, 2013
Anna asked:
I would like to buy 2br/2bth place and need help to get loan. Loan companies would not get me it yet, credit is 520-600, no credit history,
Just paying off the car. thank you, Anna
0 votes 0 Answers Share Flag
Sun Mar 24, 2013
BParker, CPA* answered:
Hi Gary:

Quoting a rate is not that easy. Before anyone can do so: What are your FICO scores? (Not those you get off the internet, but from a tri-merge mortgage credit report) What is the value of the property and how much do you wish to borrow (rates vary based on amount lent--under $100,000 or over $300,000--and the loan-to-value, as will the origination fees) When you mention "term", are you asking us if a 30-, 25, 20- or 15-year--what do you want?

I would suggest you find a loan originator you trust and talk to that person about the details of your transaction. It is not a one-size-fits-all situation. If you are going to shop, shop for professionalism, not price.

Good luck. Bill.
... more
0 votes 2 answers Share Flag
Tue Apr 2, 2013
Doug McVinua answered:
I would be glad to assist with recommending a couple of local lenders that will be able to shoot straight and tell you what is going on and what could be done.
0 votes 8 answers Share Flag
Tue Oct 29, 2013
Brian answered:
No. Ten percent is the minimum.

Brian Cardenas
AmeriFirst Financial, Inc.
0 votes 16 answers Share Flag
Wed Mar 13, 2013
Theodore Shonka answered:
Shoot me an email at teddy@teaminvestmentsinc.com, I work primarily with investors. I am curious to what property you are referring to, 20% down is the minimum usually for condos, some condos are hard to approve for investors as well. I will let you know though, thanks Chris ... more
0 votes 6 answers Share Flag
Sat Feb 23, 2013
David Rider answered:
From a lender's perspective the process is not much different between the two. However, from a legal view point there is a major difference.

A "Purchase Money" Mortgage in the state of AZ gives you certain protections in the case of a foreclosure, providing that the property meets certain requirements.

A refinance may or may not give you the same protection against judgments in the case of a foreclosure depending if you took "Cash Out" of your property and did not reinvest it to improve the property.

David Rider (NMLS 200787)
CMG Mortgage
480-788-9221
Please see my website for legal information.
... more
0 votes 2 answers Share Flag
Sat Feb 23, 2013
Sonny Shrivastava answered:
cnm4000,

As long as you can qualify per the lender's guidelines, living in another state should not pose an issue. I work with one of the best lenders in town, give her a call and she will pre-qualify you within an hour:

Simma Robbins
simma.robbins@imortgage.com
(480) 710-4636

If you would like to start your own MLS search, you can do so right here:

http://link.flexmls.com/wvrkhng2hi9,12

I am a top 1% producer at the valley's #1 brokerage - West USA Realty. Please give me a call to discuss your needs in greater detail and to narrow your search parameters. I would love to help you buy a home!
... more
0 votes 18 answers Share Flag
Mon Aug 26, 2013
Shawn Scray answered:
Hello,

The itin number is used as a tax ID number. It can not be used to fund a loan from a financial institution. However, there are other options when looking for financing from private individuals that will act as a bank for you and carry the loan on a property. Please feel free to call me directly at
623-696-0228 or email me at shawn.scray@gmail.com and I can explain in more detail if you're interested. I'm here to help! I look forward to hearing from you soon!

Best Regards,
Shawn Scray
Sterling Fine Properties
... more
0 votes 5 answers Share Flag
Thu Jul 9, 2015
Jeffrey Masich answered:
Hi Jon:

Options:

1. Apply with lenders and review your situation
2. Hard money (you mentioned)
3. Seller May Carry Terms (usually at least a 15% down payment required)...3-5 year interim loan for you to find permanent financing.
4. Friend or family member to co-sign for you.

Let me know if you need referrals or would like to see seller may carry homes.

Jeffrey Masich, Realtor, GRI, MBA
HomeSmart Realty
Scottsdale
http://JeffMasich.com
JeffMasich@ArizonaHomesLand.com
... more
0 votes 9 answers Share Flag
Thu Feb 14, 2013
My NC Homes Team answered:
Changing over to a 15 year loan rather than a 30 year loan isn't going to affect your PMI. When you refinanced an appraisal was done and if it came in at $230,000 or above then you have a valid case to present to your lender to drop the PMI. You should contact them to discuss the matter.

Not certain if another refi makes a lot of sense you'd have to run the numbers as there are expenses involved. A quick look indcates that currently 15 year fixed rate refi's are right around 3% and you could always simply start adding $500 or whatever you're comfortable with in additional principal when you make a payment which would have the same effect.
... more
0 votes 8 answers Share Flag
Fri Feb 1, 2013
Anita Gregolynskyj answered:
You can call me for private money contacts. 602-405-6555
0 votes 7 answers Share Flag
Mon Jul 21, 2014
Steffy Hristova answered:
Sondra,
There might be some comfort having the same company and if possible the same person within the company to sell your home.
However, your purchase in Queen Creek will be probably serviced best by somebody local who knows the area well. they can help you select a good realtor for Oceanside, too.
Please give me a call if you'd like to discuss it further.
Steffy
Steffy Hristova, MBA, SFR, Realtor®
HomeSmart
Tel: (480) 966-9353
... more
0 votes 13 answers Share Flag
Wed Jan 23, 2013
Pamela Lloyd answered:
Hello,

Yes, it is possible. Please give me a call if you would like to discuss your options. I would be happy to go over your situation with you.

Pam Lloyd
Associate Broker

Signature Realty Solutions LLC
480-272-5347
... more
0 votes 7 answers Share Flag
Tue Jan 29, 2013
Jean-Leon Magnotto answered:
I can refer you to several that have successfully closed VA loans for my clients in the past. Please feel free to give me a call at 480.306.0730 any time. Thanks !
0 votes 21 answers Share Flag
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