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Renda Fisher's Advice

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  • 25 Contributions
  • 0 Best Answers
  • 1 Helpful

Renda Fisher wrote:

What happens if we as buyer are paying all cash and seller has clear title?

Answer
The lending process is about 30 days.  If you are paying cash, that should shorten your time to close by atleast 2 weeks.  The title company still has to do a title search to make sure you are getting clear title but you should easily be able to close in 2 weeks.  1 week is possible, but you better bring the title company flowers and candy.  :0) 
June 28
(0)

can I get preapproved if it wont be two years till august that my bankruptcy was discharged?

Answer
Absolutely you can get pre-approved and that is the smart thing to do.  You always want to have a lender check your credit and look thru your credit report to make sure there are no hiccups prior to looking at homes.  Good luck on your home purchase and congrats!!!!!!!
June 28
(0)

how can improve my credit score i have bad credit

Answer
Pay off all collection debt!  Do not be late on any more payments.....ever.  You need to have something reporting to the credit bureau positively every month.  A lot of banks want 3 revolving lines each month.  Some want 5.  In just 12 short months you will be amazed at what your credit will do.   
June 28
(0)

What if I change my mind and I don't want to sell my house after is already advertised?

Answer
Talk to your agent.  Let them know what your thinking.  Advertising is not cheap, so I would highly recommend you reimburse your agent.  They in good faith advertised your home for you at your request.  It also cost  money to put listings into the MLS, plus the countless other websites we upload your listing in. Best of luck to you!
June 28
(0)

Agent leaving my home listed on the MLS after we are under contract

Answer
I would call her and ask her to please take it off the for rent listing again.   I would give her 24 hours to do so, then I would call her broker and ask them to please do it. Congrats on the sale of your home!!!!!
June 28
(0)

Why aren't former home inspections available to a new buyer?

Answer
They do not have to give you a copy of the previous inspections.  Those belong to the buyer, and not the seller.  However by law they have to tell you of any defects that were found on the inspection.  After the inspection the sellers disclosure should be redone or updated to reflect the inspection results. 
June 18
(0)

Should you remodel existin home or buy a new home?

Answer
I believe no one can answer that question but you.  You have great equity. On a business level you have 40,000 to play with in equity.  Can you remodel for that amount and have what you want?  Should you sell and buy for the same amount and have equal to or greater then with the new home that you purchase.   I don't know your market but I think you should have  plans for a remodel and get some bids.  I also think you should go look at homes and see what is out there for the same money you would use to remodel.  Best of luck and you are in a great position either way. 
November 22 2013
(0)

First time home seller thinking about FSBO

Answer
I wish all I did to earn my commission is take a few pictures, fill in a few blanks and unlock the door.  Sweet lady, you have no idea what we do or the education that we have to have to list, market and close homes.  Best of luck to you. 
November 22 2013
(1)

Looking to purchase my first home, interested in obtaining FHA loan quotes/lenders.

Answer
Your doing everything right so keep up the good work.  The auto loan could hurt you depending on what it is with your debt to income ratio.  The credit score is workable so I would start interviewing lenders in your area.  You should get a decent rate.  Local lenders seem to give you much better customer service so I would start there.   Very best of luck to you. 
November 22 2013
(0)

Whats more important, Credit Score or DTI?

Answer
Your credit score and your dti are both equally important.  So is the length of time you have been at your job and so many other factors.  Your not getting a loan without both of them being acceptable.  You cant ride on ones back and skip the other.  VA loan is about 4.22 today as of USA Today.  You can check with local lenders but I would say that Is an accurate rate. VA is a great loan with no money down, lower closing costs, no prepayment penalty and so many other benefits.  I would definitely try a home town bank/lender in your area.  They seem to give you much more customer service then the giants on the internet that you will never meet.  Best of luck.  I hope you let us know when you close on a new home. 
November 22 2013
(0)