Homesforsaleinmacdonaldranchsubdivision?
planningonmovingtolasvegas,nevadaorhende...Answers: Do you have a spacebar? You will probably capture more responses, if you put spaces between your words, so you can provide more information.
Can anyone recommend any physical estate agents?
I am looking for a real estate agent within the Twin City Metro Area of MN. I am looking to have someone habituated with short sale/ foreclosure deal. This is our first time home buying and would really like to speak next to a few Realtors before we settle but are looking for some recommendation! Thanks!!Answers: You can find your own agents - without anyone else's abet or assistance.
Take a ride through the areas where you would approaching to live.
Make notes of the agents/offices surrounded by those areas.
Make the phone calls to those office and ask to speak with those agents.
Another method: Look into First Time Buyer programs within that area. Many times, those programs enjoy agents pre-selected who know those markets.
As far as short sale/foreclosure properties are concerned: You're almost on your own. UNLESS you retain the services of an agent or broker who will work exclusively for you and within your interest, then you might enjoy a possibility of someone helping you.
Thanks for asking your Q! I enjoyed answering it!
VTY,
Ron Berue
Yes, specifically my real ending name!
Hi hegurlupstairs,
Here are some steps that you involve to take when you are organized.
~ Meet with three lenders. Compare interest rates, loan programs, and fees. Keep within mind all fees are conveyable. Ask for a copy of the following so you can shop around.
a) Good Faith Estimate (RESPA requires lenders to give you a copy of this inwardly three business days upon receipt of application.
b) Truth within Lending Form
~Do your research online for the neighborhoods that are desirable to you. Go to http://realestate.yahoo.com. It has graphs, map, calculator, interest rate, and virtual tours.
~Find a real estate professional that have an ABR (Accredited Buyer's Representative) designation. Someone with this designation will enjoy your best interest in mind. Go to http://www.rebac.org.
There are more details to know but your unadulterated estate professional can guide you through the process.
A lot people giving warning are also looking to give you a loan (its not proposal, its advertising), if they are not local to you and you can’t get to them inside 1 hour don’t fall for it. They enunciate they are licensed in adjectives 50 states, what does that mean? Which state do you own to look in first if something go wrong? KEEP IT LOCAL, STAY SAFE.
Remember Buddha's advice:
"Believe nil, no matter where on earth you read it or who has said it, not even if I own said it, unless it agrees with your own root and your own common sense." You are the single "expert" you can trust: All brokers, and every other loan officer guru giving advice here next to a .com or contact me at the end is "selling" you something (its not guidance, its advertising). Don't buy "it."
I can't tell you a specific individual but I can tell you that making some phone call to realtors prior to looking at houses is probably your best bet. Have a list of question ready to ask. Basically your interviewing for a realtor. Just my 2 cents.
What is the best company to go through for a first time home buyer with a no downpayment mortage?
Answers: well.i work at the 2nd largest credit union in the USA, State Employees' Credit Union in NC. Here's a little info.:
Check with your financial institution and see what the rates are. HINT: Credit unions are your best bet for the best rate! As long as your credit score is at least a 660 or better and have your debt ratio not exceed a certain percentage, all you would have to pay is your appraisal fee and closing costs, which usually isn't much. You also have the option of a green mortgage and fixed rate mortgages for 30 yrs. Don't go with ARM mortgages, (adjustable rate), you'll never know what your payments will be. But with fixed rate, you know what your payment is every month. And you can get all of your taxes calculated into your mortgage payment!! But the biggest thing to remember is to live within your means when looking to purchase. Good luck and happy house hunting :)
Hi jD,
Here are some steps that you need to take when you are ready.
~ Meet with three lenders. Compare interest rates, loan programs, and fees. Keep in mind all fees are negotiable. Ask for a copy of the following so you can shop around.
a) Good Faith Estimate (RESPA requires lenders to give you a copy of this within three business days upon receipt of application.
b) Truth in Lending Form
~Do your research online for the neighborhoods that are desirable to you. Go to http://realestate.yahoo.com. It has graphs, maps, calculator, interest rate, and virtual tours.
~Find a real estate professional that has an ABR (Accredited Buyer's Representative) designation. Someone with this designation will have your best interest in mind. Go to http://www.rebac.org.
There are more details to know but your real estate professional can guide you through the process.
Why would you want to? In case you haven't been reading the paper, the NATIONAL housing market is in a recession. It is looking to be as bad or worse than during the Great Depression. If you get a home with 100% financing, that means terrible interest rates, and NO EQUITY in your home initially. That means, as the value of homes continues to drop, you will be upside down on the value of your home on the day you bought it! While this might not mean anything right now if you plan to keep it for the rest of your life. However, if anything should happen that would disrupt your income, you face a very real risk of foreclosure. The reason: it is going to take a LONG time before you owe less than what your home is worth. That means, that if you run into trouble, and have no other option but to sell - you will have to pay the bank money just to cover what you will owe on the mortgage (since your house will be worth less than what you owe)... Now, if you have a lot of money set aside to pay it down before you sell - then no problem. However, lets be hones, if you had money set aside, you probably wouldn't be in a position where you would have to sell in the first place.
Long story short, save your money, live well below your means. Build up not just a down payment, but also 6 months of living expenses, and then go shopping for an AFFORDABLE house that you CAN put money down on.
P.S. This exact scenario is why millions of people are facing foreclosure in the near future, and part of the reason we are having a housing market crisis.
Speak with your local banks or mortgage brokers only.
A lot people giving advice are also looking to give you a loan (its not advice, its advertising), if they are not local to you and you can’t get to them within 1 hour don’t fall for it. They say they are licensed in all 50 states, what does that mean? Which state do you have to look in first if something goes wrong? KEEP IT LOCAL, STAY SAFE.
Remember Buddha's advice:
"Believe nothing, no matter where you read it or who has said it, not even if I have said it, unless it agrees with your own reason and your own common sense." You are the only "expert" you can trust: All brokers, and every other loan officer guru giving advice here with a .com or contact me at the end is "selling" you something (its not advice, its advertising). Don't buy "it."