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Charles Edington's Advice

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  • 25 Contributions
  • 1 Best Answers
  • 5 Helpful

Charles Edington wrote:

McMinnville distance to Lake Oswego

Answer
You're looking at 30-40 miles depending on where exactly you mean in SE.  That commute would be a solid 45 minutes to an hour. 
July 02
(0)

Mature Home needing TLC

Answer
Hi, Moonbeam.  My suggestion would be to market the home with a campaign around rehab financing.  For example, a sign in the front yard stating "Up to $35,000 Available for Repairs and Improvements"  could really get the phone ringing. 
April 20
(0)

Can I get a loan with only 10% down and a short sale 2 years ago?

Answer
Outside of a USDA or VA loan, there are Portfolio programs which allow for recent short sales as long as there are compensating factors to offset (low debt ratio, liquid assets etc.).  Most lenders don't have these programs available. 
April 18
(0)

Can I get an FHA loan with a low credit score? If that's even it!!

Answer
Please call me or email me.  Everything you state in your inquiry screams qualifiable! 
March 13
(0)

Why is the Zillow estimate for 272 C Street, Salt Lake City falling precipitously in the last few mo

Answer
I live in the Avenues as well, and I see my "Zestimate" fluctuate greatly every month.  Zillow uses a fairly simple algorithm that doesn't take qualitative data into account. Also, Utah is a non-disclosure state, so the data Zillow has to work on is fairly poor compared to, say, CA.  I have a few tools that I use to value homes.  Message me, and I'd be happy to run some values for you. 
February 21
(0)

Loan approval beats offer deadline / closing meeting just a formality?

Answer
This sounds like a matter of convenience for the seller.  If I had to guess, I'd say the seller's deal to move to Logan fell through and when the opportunity to wiggle out of the contract presented itself, the seller jumped at the opportunity to not have to sell their house.  More often than not, seller's are motivated to sell, and going a little past the original purchase deadline is allowed. In any case, your daughter needs to work with a lender who can meet or exceed expectations.  We close loans in 15 days. 
December 24 2013
(0)

What options are available to pay for remodel

Answer
With the right lender, you have several options including a cash-out refinance, fixed 2nd mortgage or Home Equity Line of Credit (HELOC), FHA 203k loan, and Fannie Mae Homestyle loan.  Which option fits your situation best is up to you.  I would be happy to discuss each with you and help you select the best option.Charles EdingtonPrimary Residential Mortgage, Inc.[removed by Zillow Moderator]
September 07 2013
(0)

Can I get an FHA loan with a low credit score? If that's even it!!

Answer
Hi there.  FHA allows for credit scores as low as 500, so unless you're below that, credit score alone can't be purely a denial reason.  However, most lenders and banks have their own overlays on top of FHA guidelines and often a minimum middle credit score for them is ~640.  We offer FHA loans to borrowers with scores below 600.  Please feel free to contact me to discuss your options.  I would love to work with a buyer/borrower with that much job and housing stability.   Best,Charles
April 18 2013
(0)

I signed a lease

Answer
If you gave them your bank account information for them to transfer funds, you may be the victim of a scam.  This is a very common scam where the leasee requests your bank info in order to transfer funds in, but in actuality is seeking to withdraw funds.  I would contact your bank and let them know about this immediately. 
January 28 2013
(0)

Chapter 7 question

Answer
Most loan programs require a two year waiting period from the DISCHARGE date of a Chapter 7 bankruptcy.
December 19 2012
(0)