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Ontario : Real Estate Advice

  • All165
  • Local Info4
  • Home Buying51
  • Home Selling5
  • Market Conditions9

Activity 90
Tue Apr 8, 2014
Devona Garrigus answered:
If you could specify what your quetion is Iwould be more than willing to help.
0 votes 3 answers Share Flag
Wed Feb 20, 2013
yesenialovesjustin asked:
Sat Sep 14, 2013 answered:
We are only looking to rent at this time. A 2+ room home, preferably.
Thanks, Monet
0 votes 8 answers Share Flag
Mon May 20, 2013
Tim Moore answered:
0 votes 13 answers Share Flag
Mon May 20, 2013
Doug Zeller answered:
Depends on your area. Contact a local lender for answers.
0 votes 5 answers Share Flag
Sun Nov 4, 2012
Roswell Moore, answered:
Home Path financing is only good for properties being sold by Fannie Mae, normally a foreclosure. Unless the buyer has very good credit scores, this is not necessarily the best loan product to use when buying the home because of all the pricing adjustments driving up the interest rate.

Please feel free to contact me directly if you have any further questions, I'd be glad to help.

All the best,

Roswell Moore, CMPS
Certified Mortgage Planner
480-422-5095 direct

We are a Direct Lender, Mortgage Bank where we originate, process, underwrite, fund, AND SERVICE our loans, in-house, with FHA (starting at a 580 score AND still only 3.5% down), FHA Streamline refinance loans (NO minimum credit score, NO appraisal required) Go Green rehab loans, HomePath, Investor Friendly (10 financed properties), VA, VA Refinance loans (NO appraisal required on IRRRL loans), USDA loans, Jumbo loans, Conventional loans, plus, we allow Escrow Hold-Backs!
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Sat Nov 10, 2012
FHA 203k Mortgage Lender answered:
It is a conventional loan. The web referrence below gives more information and alternatives on that.

Best of luck
0 votes 2 answers Share Flag
Fri Oct 26, 2012
suttonsunrise asked:
Not winterized, cistern, holding tank. Specifically on Gull Line, if possible.
0 votes 1 answer Share Flag
Mon Apr 25, 2016
Gayle Stellas answered:
The best way to start is to talk with a trusted mortgage lender who can pre-approve you for a mortgage and help outline a plan for what costs to expect. You'll need a down payment, closing costs plus a monthly mortgage payment. The 30 yr FHA conventional loan allows for only 3.5% down.

Then choose a local Realtor who is experienced with first time homebuyers to help you navigate to properties best suited to meet your budget with an eye on keeping other costs in check like taxes, homeowner association fees etc. On the MLS, some homes offer a "down payment resource". Tied to the property which offers any special assistance programs to help purchase that home. Good luck!
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0 votes 9 answers Share Flag
Thu Apr 28, 2016
Stephanie Batzel answered:
Hello Nawed13,
There is more info required for a mortgage approval than just your income.
Credit score and prior years taxes among other info will be needed to best determine.
Please contact me to help you further.
Thank you very much!
Stephanie Batzel,
The Nat Genis Team, or
951 312-6091
... more
0 votes 3 answers Share Flag
Sat Oct 13, 2012
Claudia Muller answered:
This is a real problem for you.
Lender can not close until they have comared your tax returns provided against your transcript.

If you filed an extension, these transcripts are taking more time than usual (4-6 weeks around April 15th) and just got your taxes in, it could take 8-10 weeks.

You may want to go to the local IRS office and request a copy of what they have for you. They will stamp it with their own (antiquated) stamp and the underwriter will recognize it as coming directly from IRS. This may work.

This became such a problem for us, that we now request 4506T from the inception of the loan (right after disclosures).
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0 votes 4 answers Share Flag
Sat Sep 29, 2012
Devona Garrigus answered:
Ontario is a great city with tons of things to do. Also, Ontario CA homes hold their median home prices well compaed to other Inland cities. Good luck with your new home!
0 votes 2 answers Share Flag
Wed Oct 17, 2012
Terri Vellios answered:
The decision to lease or rent to own is personal to your own finances.

How do you find reputable companies? Talk with local full time real estate agents.

Call a lender who provides VA loans and find out their current rules.

Each home owner and lender is different so it would be difficult to provide a program for buyers to "save" the sellers. I have a long answer for this, but I'll be brief. Basically, if the seller can't pay the amount you would pay would be above market rent.

Lease Rent to own. This is a two contract transaction. The first is the lease. The lease states what you will pay each month, how much of your rent will go towards the mortgage, what amount up front will be your option money. Option Money goes towards the purchase. If you fail to exercise your option you loose that money. Usually the seller wants a substantial amount of option money. Risk to you is that the seller fails to pay their mortgage, taxes, insurance and you end up with nothing.

The second contract is the purchase how much you are offer to buy the property now, which you will purchase in the future, usually one or two years. If the prices to up the seller has to sell to you at the agreed price, if the price goes down you don't have to purchase but you forfeit the option money.

Of course everything is negotiable.

Have an amazing day!
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0 votes 8 answers Share Flag
Mon Sep 3, 2012
Fredy Marroquin asked:
Please let me know if I can get a loan for a house with itin as of today.
0 votes 0 Answers Share Flag
Wed Oct 17, 2012
Raul Lozano answered:
Yes, NACA has a program to finance with, they don't care if you don't have a social security number, they don't ask for a down payment and they interest rate is lower than other lenders. ... more
0 votes 3 answers Share Flag
Mon May 20, 2013
Raul Lozano answered:
Hi Jonathan, You may qualify for another home, it depends on your income and home your relative makes the as with payments with personal check, the location and size of the new home, etc, the first step is contact a good lender, if you don't have one you can search on for a good one. You don't lose nothing and this is the very very first step. If there is anything else I can help you with please give me a call. Raul Lozano ... more
0 votes 5 answers Share Flag
Fri Apr 29, 2016
Ludy Ivonina answered:
Hi Cheryl,
There are some good and safe areas in Ontario.Please give me more details regarding your purchase: a price range, # of bedrooms....
I'l be glad to help you with.

Thank you.
Ludy Ivonina-Ortiz
... more
0 votes 4 answers Share Flag
Thu Aug 2, 2012
Ron Thomas answered:
The company that you are doing the BPO for, will have a CONTACT; either a web CHAT address, or a telephone number, you can call to get instructions:
If you are having trouble with this, I imagine you will have a lot of trouble with some of the deductions and numbers.
They want it done precisely their way.

Call them.
... more
0 votes 1 answer Share Flag
Thu Apr 28, 2016
Eric H. Wong answered:
I assume you mean,"to qualify for a home loan ?"
Most lenders like to see 2 years of tax returns.
The best thing to do is to ask around your friends and relatives who have bought property, and see who was happy with their lender. Give that lender a call, and start the conversation.

You will find that most lenders will be happy to take some time, and tell you the first steps you have to take.

Good Luck
... more
0 votes 5 answers Share Flag
Mon Jul 9, 2012
Suzanne MacDowell answered:
You are not likely to get an answer to your question. Realtors are obligated to disclose all material facts about the property, but since the very existence of ghosts is a matter of belief, whether or not a home is haunted is not considered to be a material fact. And, since the reputation for being haunted could negatively impact the home's saleability, even if a realtor had heard such a rumor they would almost be obligated NOT to reveal that information. You will most likely have to do your own research into paranormal activity at the home. ... more
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