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12 April 2018 | 1 reply
Customer Service, you want a custodian that will listen to your needs and be able to help assist you with kindness5.
12 April 2018 | 0 replies
So many times I'm sent a deal to save and come up to a train wreck caused by some other Mortgage Broker or Lender LO who can't think outside the box and/or don't have the loan programs I can offerAnyway, often, the obvious and quick fix is for the seller to hold a purchase money 2nd mtg.If it's for a strong, good credit borrower and they are willing to pay Top Dollar for the property, why not offer the seller a 10% return on that small amount of money on a 30/60?
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12 April 2018 | 2 replies
This is extremely risky as the borrower if he is not paying his mortgage is most likely not paying his taxes or insurance on the property.
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12 April 2018 | 1 reply
Would anyone be able to let me gain access to the westchester mls for 1 hour or assist in finding comps for 3 bed 1 bath roughly 1000-1350 sq. ft. in the zipcode of 10701 with a price of $2400+ in a 3 family?
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19 April 2018 | 2 replies
Right now I plan to borrow 70k by using the land as collateral.
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18 April 2018 | 8 replies
If you have a legal description (full-legal-description, including plat # or survey), I can assist on getting an abstractor's report, which pulls all instruments filed in the real property records on that parcel.
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16 April 2018 | 36 replies
No giving the buyer 3% closing assistance or fighting repair requests, financing falling through, or appraisal shortages.
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15 April 2018 | 6 replies
Now that he is in-school and has basic arithmetic skills, he periodically checks how much more he needs to make a down-payment on his first {rental} house {being a minor, he cannot borrow on his own and definitely is not eligible for a high-ratio, insured mortgage, so he will need a 20% down-payment and the bank of Mom & Dad if he still wants to purchase a house when he has the funds}.We also use routine activities such as grocery shopping or fuelling the car/truck to discuss budgeting and how much it costs to run a household - at an age appropriate level.
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13 April 2018 | 3 replies
You're borrowing the maximum that Lenders will allow.Your goal of course is to have none of your own money left in the deal at that point.Which is why, if you've paid about 80% of its value in the first place (instead of 70%), I mentioned that your margin is very tight!
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15 April 2018 | 4 replies
Happy to network and assist as needed.