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Financing in Orange : Real Estate Advice

  • All187
  • Local Info13
  • Home Buying69
  • Home Selling9
  • Market Conditions3

Activity 10
Wed May 29, 2013
Lori Hanson answered:
I have heard less like five years. It would be best to talk to a lender and just see what the say sbout being sble to purchade again and when.
0 votes 6 answers Share Flag
Wed Jul 22, 2015
You just need a minimum of 10% equity to refinance and get rid of your PMI.


Thierry Abel
Senior Loan Consultant
All California Mortgage
A Division of APMC
P: (415) 464-8261
C: (415) 378-7508
F: (415) 464-2367
NMLS 304353 - DRE 01380701
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0 votes 24 answers Share Flag
Mon Apr 15, 2013
An owner occupied duplex can be purchased with FHA financing with 3.5% down. Fannie Mae caps out at 85% LTV, Freddie Mac caps out at 80% LTV.

Shane Milne | Lending in all 50 states | NMLS #81195 ... more
0 votes 10 answers Share Flag
Thu Jul 23, 2015
CPbronco answered:
I forgot to add. In the same regard, is buying points considered part of the closing cost? My intention is to use as much as possible of the Sellers credit to closing costs.
0 votes 12 answers Share Flag
Sat Sep 8, 2012
Ann Harris answered:
I know me 949-433-3225
0 votes 31 answers Share Flag
Sun Jan 14, 2018
Tony McMahon answered:
Try contacting a reputable local Real Estate agent who can help you get started as well as make recommendations for you.
0 votes 13 answers Share Flag
Thu Mar 27, 2014
Thom Colby answered:
Cindy -

How is the value compared to the mortgage balance? Is the home worth 60%, 70%, 80%, 90% of the mortgage balance, etc.? Depending upon this answer, the offer you have may be the best you can do.


Thom Colby
Broker / Owner & Certified HAFA Specialist
Thom Colby Properties
Newport Beach, CA
Moving Lives Forward (TM)
We NEVER DOUBLE-END Transactions in our Brokerage. There is NO benefit to the Seller or Buyer and only benefits the Agent. Also, NEVER use your RE Agent / Broker as your Lender or vice versa. Also, be careful when using Real Estate Broker-owned Escrow and Title Companies - they can be loads of trouble.
888-391-5245 Direct Cell
DRE# 01398570
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0 votes 16 answers Share Flag
Tue Feb 23, 2010
Connie Bramble answered:
Hi there,
It is just another term we don't hear much for the standard deed. It very simple means that there is a specific number of years that the loan has to be paid off in. You have a note which show all the particulars about your loan and then a deed of trust securing the note. Very standard.
Connie Bramble
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0 votes 2 answers Share Flag
Thu Aug 7, 2008
Tony Vega answered:
I locked a very similar amount at 5.875% today with no points and just over $2,000 in closing costs. on a house in Fullerton. If you are not buying down the rate, a good chunk of that 10K is your mortage brokers commssion.

Let me know if you want my mortgage guy's phone number.
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0 votes 40 answers Share Flag
Tue Jul 22, 2008
Vicky Chrisner answered:
You do need individual counseling from lenders. Since you're so far from me, I can only suggest this - talk to lenders, not mortgage brokers. Get a referral from your real estate agent; and talk to your current bank (whereever your checking and savings accts are). Be careful talking to companies that are about to disappear (like Countrywide) - their guidelines could change at the drop of the hat... and if you've put months into positioning yourself to buy based on that lenders criteria, you might find it was in vain.

No, it is not too early to start talking to real estate agents. This is only one of the buyer agency type of services we have, and since we work with mortgagors all day every day, we can usually suggest some good ones.
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0 votes 15 answers Share Flag
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