What do you mean "less than perfect....and less than that"? Most lenders require a minimum credit score of 640. Plus there are other factors involved in qualifying for a mortgage, such as stable employment history, low debt to income ratio, savings, etc. You should talk to a local lender who can review all of your financial info and give you an idea of what you qualify for, and if not, what you need to do so that you can qualify down the road.... more
Smart choice? Whether it is a smart choice depends completely on what your needs and situation are. If you are interested in talking about what would be best for you, contact me directly at Myrna@MyrnaGatenby.com or phone 904-874-1905. I would be happy to discuss what would be best for you.
Thank you for asking the question.... more
GREAT 3/2 IN ANCHORAGE! LOCATED IN THE HEART OF BEAUTIFUL & CONVENIENT MANDARIN. YOU WILL BE GREETED BY A TILE FOYER WHICH IS OFF OF A BIG FAMILY ROOM WITH VAULTED CEILINGS & A CEILING HIGH STONE
First of all, it is a myth that you're getting a great deal on a gorgeous home. Banks hire Realtors to list their properties for sale. The agent lists the property for "Fair Market Value" -- basically what similar properties have been selling for in the area. And yes, you're probably buying a home that has issues and needs work. It has likely been neglected and vacant for years. Are you a handy type of person? Do you have money to put into a home? Also, most first time buyers are getting an FHA loan, due to the low minimum down payment (3.5%) -- which requires a special appraisal. If the FHA appraisal identifies issues with the property -- i.e bad roof, peeling paint, lack of appliances, etc...they won't approve your loan.
I would suggest you find a good Realtor to represent you as a Buyer's Agent. He/she can walk you through the entire home buying process and also explain the pro's & con's of buying different types of properties. Good luck to you!... more
You can do no money down in some areas USDA or VA so research that. FHA is 3.5% down. Google ways to improve your credit. Try creditkarma.com for good information. You should try to buy in the current market if you can. The rates are low and will probably continue to rise as well as the prices have drawn stability.... more
Yes you can waive your finance contingency by checking "Loan without financing contingency" on the NEFAR contracts, however you risk losing your binder deposit if the loan cannot be secured. You cannot mark cash on the contract since they will want to see a proof of funds but Many of the REO listing are allowing owner occupied buyers to bid on the properties first and this eliminates a lot of the investors with cash offers giving you a chance with financing.... more
Foreign national typically requires a much larger down payment in the 35%+ range.
Hard money lenders will work with anyone and have their own rules. Essentially, you need someone willing to accept a 25%+ lien on the free and clear property in lieu of a cash down payment. That does sound doable.
Hard money lenders are not typically in a broker agreement with lenders. Anybody can approach them.
I will call some I know and let you know.
We specialize in Military Relocations. Our Broker has 24 years of service in the Navy. We have numerous rentals around both bases. Please give us a call 855-530-HOME(4663) or visit our website www.NavytoNavy.com. We look forward to helping you.... more
Jacksonville is a beautiful city and you will probably totally fall in love with the area. I have relatives and friends there so have visited the area on several occasions and almost even moved there at one point several years ago.
If you have trouble finding a good real estate agent there to help you I personally know an excellent agent there and I would be more than happy to put you in contact with them. You can email me at firstname.lastname@example.org... more
Hello Mr. Richey,
Jacksonville is a great place to live. You can research our schools at School Facts Jax - http://jaxpef.org/school-facts-jax.aspx. Select view district data and it will show you all the schools in our county color coded by grade. This should help you determine what area of town will be best for you and your family.
I welcome the opportunity to assist you.
Prosource Realty, Inc.
A honeymooner nearly lost his life in Florida this week when he was caught in a rip current. Thankfully, Jonathan Kiviniemi was rescued by a mysterious teenager who brought him back to shore and then vanished.
This is a common question asked by sellers, and yes commissions are completely negotiable. But as with any goods or service, you need to do your homework. If you're looking for an alternative to the
Then contact a Realtor in your area and ask them to do this for you. many MLS systems have the ability to have search criteria added by the Realtor for you. Once added the MLS can send you listings that match now, tomorrow, next week and all ASAP and all automatically. You will get correct, up to date, listings before these online sites get them.
OH - and it's free too. Why wouldn't you do that??????... more
Any lender will use the most recent tax bill for escrow purposes. On new construction is that smart? No. There is probably a document or two in your loan papers that discusses taxes; might be worth looking through them to see if anything exists.... more