All Forum Posts by: Des P.

@Dennis Wasilewski- thank you so much. The property is my very own home. currently its between a credit union & the original broker I used to purchase. I most likely will be using the same broker. I have decided that at this time I will not proceed with a Cash Out Refi. Just a Refi to be the Sole Owner of the property. In the future I may be looking into a HELOC. thanks for your response

What is the best option to move forward with a Cashout Refinance?

A Credit Union Bank?

Mortgage Broker?

Any information or experiences will help

Thanks

Hi @Kevin Hunter, yes the mistake we made was put our highest offer- because we lost other homes we had really liked. And I think we lost on instant equity that we could've gained by staying at a lower purchase price. But overall , we're happy  to be moving :) 

Thanks

ok thanks! @Julia Shevchenko I'll check it out

ok! Thanks @Rhondalette W.

Thanks Mike Hanneman ! I appreciate your help :)

Hi everyone! 

I have a question about finding out adequate rental markets in the state or area you plan on purchasing??

Thanks everyone!@Michael Lee and @Jacob Anderson

I have been reading the forums and listened to a few podcasts already! 

So excited to learn and hear of others successes and process and mountains of experience to help guide me :) 

Curt Davis hi :) No I'm not trying to do anything illegal. Sorry about the confusion. I'm new to this :) I guess I was just bummed out a little because we should've offered less in the beginning - so then we could easily have negotiated a middle price. That's all We seen other houses of the same lay out sold for less Than 200k

I found a home for 194k but we put the offer high so we won't lose the sale. (That's what my agent advised us)because we lost to other homes we liked.  our max loan amount is 200k

So we offered 200k. But we were actually hoping to save a few thousand so we don't have to go to the max. 

Today when I received the Appraisal

It said determined "AS IS" 200k 

A lot of the houses in the same area we looked at were overpriced - as usual , when dealing with mls. But the comps he showed were of the ones sold at 200k and higher- an only gave us one comp that was 192. Anyways is it appropriate to ask the appraiser his opinion of 200k - 

Out agent also gave us comps of houses that were sold in that area that sold from 185k-200

But most had sold for less.

Any help or suggestions please :)