Buying a house in Northern Virginia, can you get the taxes put in with your mortgage?
Answers: Yes, just tell the realtor that you want the taxes included when you sign the paperwork.
Note: Contact the lender and make sure that the realtor has included the taxes. Otherwise your payment may rise at a later date to make up for the taxes that you haven't paid or you will find out when you file your taxes.
goodluck
Sure. Most mortgages are written that way. Principle. Inrterest, TAXES, and Insurance. That's what PITI stands for. That's what makes up your monthly payments.
Your mortgage company will dole out the property tax payment when due. You don't have to do anything but make your payments on time.
Which taxes?
The yearly property taxes? These are usually escrowed each month in your total payment, along with the fire insurance and PMI.
The transfer taxes? This one time charge is usually paid at settlement and is part of your closing costs - which usually can't be included in the mortgage. However, in NOVA these are usually split 50/50 and you can ask that the seller pay all the closing costs.
The seller can pay up to 3% with 10% down or less; and up to 6% with 10% or more down. Talk with your lender BEFORE you make the offer on the property so that you know what can be paid or not paid.
If you ask for 6% paid closing by seller and they ok it; and then the lender says that the seller can pay only up to 3%, then the seller don't have to make up the other 3%. They CANNOT give this to you at closing. The lender will not allow this.
Yes you can PAY both your taxes and insurance with your monthly mortgage payment.
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."
Realtor did not put in "on contngency home sales" to use money for down payment now what?
Answers: Check your contract, there are two normal clauses that are put in offers - the subject to inspection clause, and the subject to buyer obtaining financing.
Your failing to sell your house would qualify for failing to obtain financing since you will probably not be able to qualify for a loan based on the fact you haven't sold your current residence and still have a mortgage on it.
Worst case scenario, you may have to forfeit your earnest money if you can't come through on the offer. This is only if the seller chooses to hold you to it, a lot of times sellers are human, and understand. Try talking to the seller directly before getting any lawyer involved. No need to muddy the waters before trying to settle things man to man.
If you have a house to sell before you can buy the house you have a contract on, your realtor should have put in the contract "contingent to the sell of your home". If this was left out of the contract and you have not closed the sale, call your realtor and have this added into the contract. You will have to initial it and the seller will have to initial it. If the realtor was negligent in not putting in this contingency and you have difficulty getting it in the contract, call a real estate attorney and/or your local Board of Realtors and report this to them. The Board of Realtors might help you to resolve the issue.
If you have already closed the sale of the new house, contact your closing attorney for advice.
Hi pattonk77,
You definitely need to re-negotiate your contract with the sellers. You do not want put yourself in a bad situation and end up with two mortgages.
You may also want to explain to your real estate professional that you are not removing your "contingency on the sale of your home" until the buyers of your home have removed their contingencies (inspections and appraisals). This strategy will offer you best protection.
Trying to assist those facing foreclosure?
I'm a lender that has money to backing those in foreclosure but I can't them to respond to my communiqu¨¦. What can do to get them to response? Any special wording or expressions that you would suggest to get them to name?P.S. I'm not trying to giving them a high interest loan or adjustable rate mortgage/ARM.
Answers: People attain flooded with those postcards, and parcels the minute they get a defaulting notice. You hold a very LOW response rate when you are cold mail (something like 1 for every 1000 you put out). If you really want to backing them - then you are going to own to talk to them obverse to face, or at lowest possible on the phone. How does that saying jump - you have two ears, and individual one mouth, so take the bit. Find out what they need, and don't try to chitchat them into YOUR product. Bring a wealth of familiarity, and really explain to them their options, even if it includes not one your customer. Then you have truly help someone, and as a symptom of helping you may find customers as well.
You could have a chat with abiding attornies and see if you could arrange a lower rate for the customers if they use your selected attornies
As far as getting a actual responce big bold print surrounded by a postcard sized mailer with something close to
I CAN HELP with the actual info on the other side
goodluck