1) Find a Good Realtor.A good Realtor buys and sells houses for people on a regular basis. They know the market, and will help you figure out what is most important in your search. They also will have
Tired of paying mortgage insurance on your FHA, VA, or USDA inusred mortgage? Tired of jumping through hoops to buy a new home under these programs? I have a perfect solution for you!A personal lender
Government Shutdown Effect on Home LoansQ: How will the government shutdown affect FHA/VA/USDA appraisals? A: If you sell a home and write a contract for a government buyer (FHA/VA/USDA), we should be
It is better to apply for the card after closing than before, had you apllied before closing, you may have gotten denied for your loan. Applying for a credit card isnt based on home ownership, some card companies may like the fact you bought a home while other mihgt deny based on the increased debt.... more
Most Realtors and Sellers want a pre-approval vs a pre qualify letter. The difference is when you are pre-approved the lender has examined your credit history and based their decision on what they found.
A good pre-approval letter should contain specific information about you as the buyer(s) including your current address. An indication of the type of loan (conventional, insured conventional or FHA) and the type of product such as 30 years fixed, 15 years fixed, 7 year arm etc as well as an indication of the loan to value. Such as 95% (5% down) 80% (20% down) and the total purchase price you are pre-approved for. Note this should ideally be equal to the amount of your offer. Anything less and the seller will not have a comfort level that you can afford the property. Anything more and the Seller may presume you are able AND WILLING to pay more for the property then your current offer.
Lastly the letter will typically indicate an expiration date and include things like subject to verification of information shared, an appraisal that's equal to or greater than the purchase price and clear title to the property along with similar conditions.
You can easily check out other terms like Pre qualification at http://cityhomesandlifestyle.com/real-estate-terms/... more
Looking to buy or sell a house? Consider this: there are as many as 25 steps between the time you say “let’s move” and the moving van shows up at your door. Here are just a few: Marketing, financing,
Hi Ellyn - Yes you can. I am a mortgage broker and work with serveral VA lenders... Most of the loans that we do are government loans... Please call/txt me at 765-714-8894. Thanks, David Mennen - Tippecanoe Mortgage.... more
I have some contacts that may be able to help. Is your main goal to get a loan to consolidate some of the debt or working towards getting a loan approval for a home purchase? Send me an email and we can discuss more details.
Keller Williams Realty
Hello, how are you doing? I had a client in your same position recently and unfortunately, we were not able to get them financed. Unless you are a permanent resident, I don't believe you're able to get financing. If you have an H-1 visa, that would work though. If you have any other specific questions, feel free to contact me.
CENTURY 21 Scheetz
I work with individuals like yourself (1st time home buyers), who may or may not be able to get pre-qualified for a loan. I can get you to a lender to get pre-approved for a loan that works for you. I also help people buy houses on land contracts, where the Seller finances for Buyer's purchase of the home. As an Affiliate of the Homes for Heroes program, the Buyer gets specials discounts and rebates. Call, text or email please.
KELLER WILLIAMS REALTY
Hello. In addition to a good credit score, some other factors which lenders will take into consideration is LTV (Loan To Value) and DTI (Debt To Income). With a low income, currently, your DTI will likely be too high to qualify for another mortgage. To counter that, you would need a pretty big down payment.
Your best option, other than selling your existing home, is to rent a home for one year in IN and rent out your existing home. Make sure that you claim the property than as a rental on your following years tax return. At that point, you could counter that debt from your credit with the rental payment coming in and have a better chance of getting a mortgage for another home in IN or whereever you end up.
I hope this information will help you. If you have any other questions, I am more than happy to answer you if you would like to email me directly at Iyad@REPropertyManger.com.
Good luck with your move.
Iyad Allis... more
Want to move to Indianapolis, IN Right Now?Looking for the high quality craftsmanship of a custom-built Fischer Home, but need to move tomorrow? Fischer Homes introduces Homes Ready Now, a simple
FREE Credit Repair: How to Help Yourself You see the advertisements in newspapers, on TV, and on the Internet. You hear them on the radio. You get fliers in the mail, and maybe even calls offering credit
How to buy the house you want at the price you are willing to pay! Found your dream house? Get ready to Negotiate. Your real estate agent will guide you through the process of making a purchase offer.
Concerned about selling your house and not getting enough out of it? There is hope! Indiana Housing is launching a new program to assist Move-Up Home Buyers with their next home purchase. The program
They have to keep you informed as to why it is needing extended...
Is it the lender??? If it is the lender, I would highly recommend you move to a new lender after 6 months of waiting. Anything of 60 days after application is unacceptable...
If it's not the lender, then maybe it's the title company? Surely not though...
Who have you talked to about this issue?... more