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Jay Cusack's Advice

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  • 10 Contributions
  • 0 Best Answers
  • 1 Helpful

Jay Cusack wrote:

what is "A loan was issued by deutch bank" when looking at home info?

Answer
This could mean that the home may be on a short sale an this was the bank, or that the home recently sold amnd this was the lender. Knowing which home I can better answer.
December 25 2013
(0)

should I get an agent?

Answer
You really would not know the other offer even from the listing agent we are not permitted to see other offers. We could try to use our expertise and negotiation skills to bes t present and hopefully get a second look.Having a buyers agent is always good, but pick them as carefully as a listing agent
November 27 2011
(0)

Are new construction loans different than fixed mortgages on existing houses?

Answer
When taking out a loan, it would be prudent to use a builder that would fund the construction after a deposit, normally 10%.This way you would get an end loan that is the same as a loan on an existing home. There are also ways that you can get rate caps guaranteeing a specific rate. These programs could also have a one-time buy down, which means if during the time of your rate cap, the rates go down you can take the lower rate, but your rate cannot go up.
May 17 2011
(0)

are investment mortgage interest different than owner occupied mortage interest

Answer
Investment interest rates are normally a little higher reflecting higher risk
April 11 2011
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Where does the "taxes paid" amount information come from? How accurate is it?

Answer
The taxes paid does come from the assessors office, and is only as accurate as the information provide by various depatments.If renovations where made to the home, and permits taken and all approved, the assessor may not have been given that info by the planning department, so therefore would be basing numbers on old data. They do not re-assess every year and when they do might not even go in the house.Checking with the planner as to what info was given may benefit what shows as the value.
March 17 2011
(0)

Why is your zestimate 100,000 less than my appraisal???

Answer
The appraisal would incorporate more of what your house would contain as far as upgrades and such compared to the properties used in the comparison. While the only exact science is the final closing amount, one would expect that the appraisal would have more specific information
March 17 2011
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How to remove account?

Answer
If you are talking about your Zillow account I would hazard a guess that you could put in writing that you would like to have your account terminated
March 16 2011
(0)

Will we get pre-approved for FHA loan?

Answer
With the credit scores you have indicated and the income you show versus the debt I would not figure you would have an issue, you will need at least 3.5% down. Also remember that FHA to have loan limits that are based upon area of the home being purchased
March 16 2011
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In CT, can a finished basement (walls,floor, electrical) BUT no heat,be included in sq.ft?

Answer
If the town does not include the square footage as below grade, then a permit probably was nit pulled for it therefore not town approved. I would check that
March 15 2011
(0)

They are proposing a magnet school to be built in my neighborhood, how does it affect my house value

Answer
A magnet school would not adversely affect your house value, in fact in some instances it has proven beneficial
March 12 2011
(1)