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Financing in San Ramon : Real Estate Advice

  • All859
  • Local Info44
  • Home Buying594
  • Home Selling14
  • Market Conditions45

Activity 28
Thu May 9, 2013
Grace Tam answered:
The UCC deals primarily with transactions involving personal property (movable property), not real property (immovable property). are you looking for home loan or can you be more specific. ... more
0 votes 1 answer Share Flag
Sat May 11, 2013
Bernard Gibbons answered:
You sound well-qualified. Shoot me an email and I will refer you to a great mortgage specialist who can help you.

Bernard Gibbons
J Rockcliff Realtors
0 votes 12 answers Share Flag
Tue Apr 19, 2016
Michael Huffman answered:
You should speak directly to a lender, they will be able to answer your question.
0 votes 8 answers Share Flag
Tue Aug 1, 2017
Sunil Sethi answered:
Private money lenders still exist. You can probably google to find some, but you'll have to do your due diligence on them. Good luck.
0 votes 9 answers Share Flag
Mon Aug 27, 2012
Anna M Brocco answered:
There are other factors besides credit that determine mortgage qualification; therefore do visit with any qualified loan officer, after reviewing your overall financials, credit and debt a determination on qualification can be made, with or without a cosigner; if you don't yet qualify, he/she may offer great suggestions as to what needs to be done in order to qualify in the near future. ... more
0 votes 12 answers Share Flag
Thu Aug 15, 2013
Dan Tabit answered:
Are you looking for a home equity line of credit? US Bank offers these as well as most major banks. Start with the bank you already do business with and compare rates & fees. You can also check with Credit Unions. ... more
0 votes 5 answers Share Flag
Sun Jul 28, 2013
Steven Ornellas answered:
Steve: Contra Costa County is $729,750

You can check this for any County area here:

Best, Steve
0 votes 9 answers Share Flag
Thu Aug 24, 2017
Dave Sutton answered:
Nothing wrong with shopping your loan to several lenders. Not sure it's smart to go as far as you're suggesting with two, but if you're willing to spend the money....

Banks are getting really picky about lots of things, so even though I am not aware of any penalty for not proceeding with a loan after you have locked a rate, you would be smart to ask the question and read the fine pint.
... more
0 votes 53 answers Share Flag
Tue Aug 1, 2017
Julie Conlon answered:
Hi Chris,

No, you will not. That is another wonderful benefit of this kind of loan. You often have lower closing costs and a lower interest rate compared to other types of financing as well. I am well versed with all aspects of VA financing. Feel free to contact me at the number below should you need additional assistance.

Warm Regards,
Julie Conlon
Sr. Mortgage Planner
... more
0 votes 7 answers Share Flag
Mon Feb 22, 2010
Hi chris

What your lender will need is a copy of your dd214. If you have any questions I do provide VA loans in the Bay Area and I would be happy to assist. Have a great weekend.
0 votes 8 answers Share Flag
Wed Feb 10, 2010
Scott Summers answered:
I would suggest talking to a good mortgage person who can consult with you on it. Try Michael Tacconi.
925-872-0595 - Mobile
0 votes 17 answers Share Flag
Tue Jan 5, 2010
Gixx, unfortunately, you don't qualify for any credit.

Please double check with your tax pro, but in order to qualify for the $8,000 first-time hombuyer's credit you couldn't have owned a home for three years prior to your purchase, which would have been June of 06.

In order to get the long-time resident $6,500 credit you would have had to own and occupy your original home for five consecutive years out of the last eight.
... more
0 votes 11 answers Share Flag
Sat Nov 21, 2009
Thadeus Brewer answered:
Hello Kate,
Good Friday to you.We here at Mortgage Funding/CalLoan corp. have many sources to re-fi your home. If your balance is $417,000 or less we have 4.625%(4.673%APR) on a 30 yr fixed. I believe you fit into 1 of the 14 high cost counties you will have a higher conforming loan limit. Probably limit is $729,750. These 30 yr fixed are 4.875%(4.919%APR) with no pre-pay penalty.

Please feel free to call or email me. We have a secure website to apply at if interested.

Thadeus Brewer
CalLoan Corp.
219 W. Carrillo St. Ste. D
Santa Barbara, Ca 93101
Lic #01299155
... more
0 votes 4 answers Share Flag
Mon Apr 1, 2013
. answered:
I would be highly skeptical and 'check them out' thoroughly via the Secretary of State, BBB, maybe some of the on line resources available, and so on. Personally, I squirm whenever my clients use a lender I can't reach out and touch, so to speak. Cost is not the most important factor to deciding upon a finance provider, or any professional service for that matter, and all other aspects should be seriously considered, especially the trust factor, and that's hard to get when you can't meet face to face. The other prudent thing to do is get, in writing, a detailed account of all fees involved; you may find there are escalated fees in other areas of the closing costs associated with your loan that 'make up' for their discounted rate. If you'd like, I have a cousin in Berkeley; she and her husband bought a home recently and I could ask her who their lender was, if they were happy, etc. and so on...


Disclaimer: I am a licensed real estate broker and property/casualty insurance agent in the State of Ohio, providing information and sharing experiences acquired over 15 years in the industries. I do not profess to be qualified to give advice in any other field, though will share opinions and information obtained during my course of work. It is always highly recommended that consumers seek counsel from a specialist in each area in which there is a question or concern.
... more
0 votes 13 answers Share Flag
Sun Oct 25, 2009
James Gordon ABR SFR SRS answered:
Sr I would ask the builder why their preferred lender is raking you over the coals. The builder may not be aware of what is going on with the lender. Otherwise it is a math problem. Determine the differance in the monthy payment and what you would have to pay in closing costs. Divide the closing costs you have to pay by the differance in the monthly payment and you will know how many months you need to keep the mortgage to break even.

For example if you would save 100.00 per month and need to pay 5000.00 in closing costs your break even would be 50 months. If you feel that you would not refinance or sell for 50 months it would be worth it to go for the lower interest rate and higher closing costs. Every month after those first 50 in my example you would be ahead.
... more
0 votes 4 answers Share Flag
Wed Oct 7, 2009
Julie Brown answered:
I am not a loan officer but I can tell you that there are many great programs available for borrowers like you with a high credit score. There are 95/5 loans as well as 90/10 loans. There would be PMI on that type of a loan, only when you put 20% down do you eliminate PMI but I do not think it is deductable. I would be happy to refer you to our Baird And Warner Financial loan officer to help answer any other questions you may have regarding borrowing and the different options available. Please feel free to email me or call me and I would be happy to help you! ... more
0 votes 6 answers Share Flag
Thu Aug 15, 2013
cowal25 answered:
it sounds like your 1st and 2nd exceed 107%....if you are attempting to modify your loans with the lender you may stand a chance since your situation is critical. Just note that every loan needs to be approved by the bank's underwriter. Your debt and credit will, as well as the ratio LTV, play into loan approval. BUT, Your husband switching jobs every couple of months shows no stability and is a serious negative. ... more
0 votes 5 answers Share Flag
Wed Aug 14, 2013
Richard Hoag answered:
Hi Ishaq,

Please call me to discuss your specific lending needs. Once I understand your situation clearly, I will contact various lenders on your behalf to make sure you get the best rate.

Best regards,

Richard Hoag
Premier Realty Associates
... more
0 votes 16 answers Share Flag
Thu May 9, 2013
Lori Jeltema answered:

You can sometimes refinance and 'roll' your closing costs into the new amount that you are financing. i.e., you owe $150k and the closing costs are $3,000. As long as you have enough equity for the type of loan you are getting, you then finance $153k. so, it's not 'no cost' but may feel like it is costing you nothing. Remember, each $1,000 you finance will run you about $5 a month so that extra $3k or so you wrap into your new mortgage will raise your payment by about $15 a month. Pay now or pay later, whatever works into your budget. If you are dropping down in interest a bit, even with adding the closing costs to your new loan, your new payment should be less. Best of luck and remember to compare rates, points, fees and all misc charges. There are big differences in what you can get. Also, depending on your situation, you may be able to get your escrow account waived (pay your own taxes and home owners insurance when they are due. That will lower your closings costs and keep you from financing those numbers. good luck1 ... more
0 votes 5 answers Share Flag
Wed Jun 3, 2009
Alyssa answered:
It can be a long time. It really depends on what is required to become "FHA approved". Usually it is physical items that the development may or may not be willing to do (i.e. certain number of parking spaces). In your situation, it is in the new builder’s best interest to build the development in order to get FHA approved so that more buyers can purchase the units. You may want to check with the FHA requirements. Your lender should be able to assist you in that area. ... more
0 votes 2 answers Share Flag
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