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Financing in Skokie : Real Estate Advice

  • All145
  • Local Info9
  • Home Buying21
  • Home Selling3
  • Market Conditions7

Activity 4
Tue Mar 6, 2012
Lisa Erthal answered:
I would suggest talking to a mortgage broker to see where you stand with all of the new lending criteria. If you need a a referral, just let me know.. There are people to guide you with no upfront costs. ... more
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Mon Apr 25, 2011
Suzanne MacDowell answered:
You will have to review the terms of your original loan. Some ARMs reset only once after a certain period of time, others reset annually. If you owe less than your home is worth, you may want to consider refinancing. Today's interest rates are quite a bit lower than what you are currently paying. Even if you owe more than what the home is worth, you may want to contact your lender to see what programs are available to you to reduce the interst rate and transition into a fixed rate mortgage. ... more
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Thu Feb 24, 2011
Dan Tabit answered:
First, you'll need a lender in OR. Second, you can discuss this at length with an Oregon lender and come up with a strategy that can work. Using your fiancé’s income and debt will be best worked out when you meet with the local lender. If you think the home won't be available in 4-5 months when you'll be moving, see if you can buy it now based on your current job and your fiancé’s fellowship.
Congratulations on your coming wedding and welcome to the Northwest.
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Tue Jun 30, 2009
Luke Allison answered:
Our 203k specialist is based out of Ohio. All of our files are sent up to his branch (even if the application is taken locally). If you would like his info, just send me an email.

Luke Allison
Bank of America Home Loans
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