All Forum Posts by: Mengrou Cao

Hi everyone, i found a deal in Houston suburbs. The price, location and neighborhood are all great! I went under contract and my inpsector came back and told me the house has foundation issue. floor sloped and outside brick wall had crack but being patched. Is this a deal breaker? Some friend has been telling me foundation issue is common in Houston area because it is building on active soil, and the extreme weather might cause foundation issues here and there. I don't know if i should proceed with it or not. Please advise. 

Thinking about investing in Houston suburb areas. Please advice what are the up and coming neighborhoods.

Hello Everyone,

I am located in CA. I have a dilemma for purchasing my first home. In CA, we have this dream for all program. It is a shared appreciation loan program that can help me put 20% down with 0 interest. I don't need to pay it back until I sell or 2nd refinance the home. But the catch is when I sell the house. Other than the 0 interest loan that I need to pay back, but also pay 20% of the appreciation. If I take this program, the rest of the mortgage is coming from my lender, which give me a fixed 30 year rate at 6.99%. I am not sure if I should go with this program. I love the equity, but the high interest rate for the mortgage is discouraging. Compared to NACA, I can have a 5.37% on a 30 year fixed, but with no equity in the house. Please advice me which route I should choose. The dream for all program for gaining the equity or the NACA for lower interest rate. I greatly appreciate your help.