Tina Rego's Advice

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  • 7 Contributions
  • 0 Best Answers
  • 1 Helpful

Tina Rego wrote:

i need house that needs fixing, can i get it at zillow?

Answer
When a Real Estate Agent Represents a buyer there usually is no cost to the buyer.  Contact, a Real Estate Agent.  They can assist you in the process of not only finding the right house but through the purchase and escrow process.
January 21 2009
(0)

Looking for lenders who do not require a history of payments to refinance

Response
Yes, I do.  The FHA Streamline is the way to go.  The best would to wait for 6 payments.  But, you can refi sooner.  Contact a Broker who specializes in the FHA Streamline.  It is a great program.
January 16 2009
(0)

mortg broker tries to find the best refinance options, right? Are broker fees seperate or in quote?

Answer
They would be listed in your Good Faith Estamate. 
January 16 2009
(0)

Refinancing to 4.8 %?

Answer
The interest rate fluxuates daily.  My question, is if you def want at least 4.8% are you willing to buy a point? the cost may not be worth it.  Also, if you wait and you then owe more than the home is worth, or if loans change again, the program may not be available.  Look at all of the different program, that use to be available.  Look at the difference also of the $ of the monthly payment.  This is like the stock market , just like the other poster.  No one can guarantee, you a interest rate until you are locked.  If you have a FHA loan, there is a refi available, that what you need to do, is work with a mortgage broker and have the loan all applied for then if the rates drop where you want them, you get the rate.  Brokers submit to more than one bank and can find niches that banks may not have. 
January 16 2009
(0)

How can I find USDA loan interest rates?

Answer
Also, different underwriter, offer different programs with the USDA loan.  One bank you can have the seller credit 6% closing cost, and with another only 3%.  I suggest finding a mortgage broker familiar with the programs and with your specific situation.  Also different bank will allow for different credit scores with the same program. 
January 16 2009
(1)

i'm buying a home for 330,000 with 30,000 down but when i sell my house i will have 50,000 more

Answer
It depends on the type of loan, FHA requires 2 years of MI.  But you can refinance and take off the MI or if you have a first and second.  Make sure the second does not have a pre-payment penelty.  It would benifit you on having the higher interest.  Look carfully at your loan.
January 16 2009
(0)

Paid $529k for condo; now worth $441k. Payments=$4k/month. Soon - worth nothing! But will still owe!

Answer
You can ask for a loan modification, depending on your situation.  I am wondering what type of loan do you have fixed or adj.  rate.  There are motgage brokers also that may be able to assist you with your situation.
January 16 2009
(0)