Profile picture for Shannon  Gray

Shannon Gray's Advice

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  • 9 Contributions
  • 0 Best Answers
  • 1 Helpful

Shannon Gray wrote:

What can I do to get more (or better) quotes for my loan request ZR-VKRVMYN?

Answer
The best bet would be to speak with a mortgage broker, like myself, over the phone, email, or in person.  Once we get an accurate and complete financial picture, an accurate quote can be given.  Feel free to visit my Zillow profile to obtain my contact info if you would like to discuss over the phone or email.  
August 02 2013
(0)

How to own a home again after foreclosure?

Answer
Making a few assumptions, you could be eligible for an FHA loan 3 years after the foreclosure date.  Without knowing the complete financial picture/details, it's best to discuss over the phone to avoid posting inaccurate information.  Please feel free to visit my profile page and contact me if you'd like to discuss.  I am a licensed California Mortgage Broker and have assisted many clients in similar situations, so I'd be happy to help!
August 01 2013
(0)

How do I receive automatic updates on homes going onto the market for sale?

Answer
A local Realtor can set up search parameters via the MLS and grant you access to view the property results. Other than that, I'm not sure if it's possible to get "real time" updates of properties that hit the market...other than constantly checking Zillow, however, not all home sales are listed on Zillow.
August 01 2013
(0)

how can I refinance to a 90% LTV loan with no PMI?

Answer
You could consider a loan with lender paid mortgage insurance where you wouldn't have monthly private mortgage insurance payments. Rates and closing costs are impacted by this type of loan, as compared to traditional borrower paid mortgage insurance, so it's best to look at your short and long term goals when evaluating what is best for your situation.Check out my profile for my contact info, should you have any more questions don't hesitate to reach out via email or phone.
July 29 2013
(1)

Advice for a potential first time homebuyer in today's market?

Response
Yes, from what you stated you should find a new agent. You need to have an agent that is as excited about finding a home as you are. Ideally, look for an agent who is extremely active in the area that you are looking.  I have a few trusted agents I trust, so feel free to check out my profile if you need me to send a referred agent your way.  Best of luck!
July 29 2013
(0)

Looking for a San Clemente CA Real Estate Specialist

Answer
Hi Jean & Ken,    I am a San Clemente mortgage broker and resident.  I have a few trusted San Clemente agents that I trust enough to send my own family members to.  Please see my profile for my contact info and I'd be happy to help any way I can.
January 03 2013
(0)

When you meet a new client online, how do you ask them to prove funds b4 going out to show homes?

Answer
Hi Shannon,  Great question and answers below.  My 2 cents is to either ask directly for their bank statement or refer them to a mortgage professional like myself who can ask the right questions and get them pre-approved before you spend your time and energy.
January 03 2013
(0)

would like to Refinance

Answer
Making a few assumptions, you can expect a 30 year fixed in the low-mid 3% range. Yes, the higher MIP will negate some of your savings. You could look at a conventional loan if you have a little equity, which would potentially provide you additional savings.  Please feel free to reach out should you need to discuss in person, my company is based in Orange County but we serve all of California.
September 25 2012
(0)

buying a second home

Response
You would need to structure it as an investment property if you don't intend on living in the property. However, another idea might be to have your daughter on the loan and you as a co-signer. In this way, you might be able to structure it as a primary residence. Of course, there are numerous factors involved in terms of qualifying.
September 19 2012
(0)