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Financing in Springfield : Real Estate Advice

  • All173
  • Local Info11
  • Home Buying51
  • Home Selling9
  • Market Conditions4

Activity 11
Sun Feb 14, 2016
Allen Murray answered:
Hi Jerome,

I may have a resource for you. Let me know more about your project(s) and exit strategies i.e location, loan amount, experience, team members, etc. Email me

Looking forward to hearing from you.
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0 votes 4 answers Share Flag
Fri Sep 28, 2012
Christine Moran Realtor & Notary answered:
Depends on how much equity you have and the current value of the property. You should try a local bank or credit union to see if they can help.
0 votes 2 answers Share Flag
Thu May 17, 2012
Wordgirl answered:
Fri Sep 6, 2013
Carrie Touchette answered:
I'd be happy to assist you. Call me so we can further discuss your needs.

Carrie Touchette Polci
0 votes 13 answers Share Flag
Mon Nov 14, 2011
You can use what is called a seller's concession, or in some areas it is called a seller's assist. There is a catch however, the house has to appraise for the higher value. To make it simple to explain how it works, I will use a $100,000 purchase price. Let's say this is what the seller agreed to sell the house for. What you ask them to do is actually sell it for $103,000 and contribute the $3,000 towards your closing costs. Now, you will only be paying 3.5% of the $103,000, or $3,605, instead of $3500 plus your $3,000 of closing costs, or $6500.
A good loan officer can help you work through how much your closing costs should be. Certain things they tell you need to be exact, others can vary up to 10%, and others, such as tax escrows, can change. If you choose a loan officer who is licensed in your state, it is more likely that they will be familiar with how taxes are paid, and will come up with the correct amount for that. There are also certain things that are not included in their estimate, such as the cost of an inspection or your own attorney, which I believe you use in certain areas of MA.
If the house does not appraise high enough, you can't get the seller's concession. Also, if you put in a higher amount for a seller's concession than the closing costs are, the seller gets the extra money, not you.
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Fri Feb 18, 2011
I pride myself, on being available 24 hours a day and 7 days a week. I also have some great reates and programs.
Give me a call and we can talk further...


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Fri Jan 14, 2011
Louis Wolfson answered:
I can't believe you'd ask a question like this.


Do you need help with your stocks that have gone down as well, or your loses in Vegas.

Who do you think gives the Goverment money????? Or a better question is who do you think has to pay the goverment for the money they lend and owe?????

I guess its me cause everyone else seems to want a handout.
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Tue Jan 3, 2012
Christine Moran Realtor & Notary answered:
Please call me. I want to help. Our office is right on Boston Rd right near you and I can help you get a loan modification. If you can't afford your home there are other options your need to take care of quickly before it too late.
call me 413-279-9052
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0 votes 9 answers Share Flag
Wed Aug 25, 2010
Lew Corcoran answered:
None of us have a crystal ball, so it's difficult at best to determine where rates are headed. However, based on past performance of mortgage backed securities, I'd say that mortgage rates are about as low as they're going to go and will soon go back up. ... more
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Sat Mar 20, 2010
J.M.Jones - 978-335-9092 - Homes & Rentals answered:
That depends on your lender but as a general rule, I would say if they accepted the payments then you should be alright for the moment. I do suggest you call them, the biggest problem lenders have is failed communication, so talk to them and 99% of the time they will find a way to help if at all possible.
If your finding that your going to be in trouble again shortly and possibly be in default again then consider, and I mean just consider listing it for sale before they just take it away.
For the record, I want you to be assured that your are not alone, the number of folks in your exact position is staggering - do what you can and make clear attemptt to give your lender something each week if possible, intent is huge and they work with you even more if you show effort.
If you need me for anything, just call or email.
If you think you may be heading for foreclosure call me - I can stop it in most cases with the intent to sell. It will save your credit and, who knows, maybe put some cash into your pocket.

Do not give up, I will be here if you need anything, really - just call, advise is still free.

Jamin Jones
Century 21 Northshore
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Wed Dec 31, 2008
Lori Rossi answered:
It depends on what you got for a rate in July, and if there is a prepayment penalty. Check your paperwork-if there is no prepayment penalty and you can cut your rate by 1% or more, it may be worth looking into. ... more
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