Profile picture for Paul Zagaris

Paul Zagaris

Agent

Loan Agent, Loan Agent (15 years experience)

Specialties:
Buyer's Agent,
Foreclosure,
Short-Sale,
Mortgage Planning

Advice

  • (8 Contributions,
  • 0 Best Answers,
  • 3 Helpful)

Contributions are sorted newest to oldest.

Are USDA loans really zero dollars down?

Answer

It was just brought to my attention by a rather well intentioned person that my post below is quoting a rate. This was not my intention to imply that but I can see how that might be read that way. I wrote it rather ambiguously. Since I cant seem to edit it, and having emailed support to take my post down, I feel like I should address this ambiguity here. I was trying to let you know of an example loan for a specific client I am closing a loan on this week. Rates will vary based on a variety of circumstances including current market pricing. Please do not take my post below as an offer or quote for a rate.By the way, Greg has a very good response, it is informative and the links he provided are what you will want to look at to make sure the property is in the proper area.

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Are USDA loans really zero dollars down?

Answer

They are definitely 100% financing, and the rates are really low. [Content removed by Zillow moderator, see our Good Neighbor Policy]. They are great loans and easy to do. Contact me if you have a loan in California you'd like me to take a look at.

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is it better to rent or buy in Cleveland, Ohio. I am first time home buyer.

Answer

Each market is wildly different but a constant right now are cheap interest rates and decreased sales prices. If I were you looking for a property to buy or rent, look at the amount the same property would cost to rent as opposed to buying. If the payments are reasonably close, buying right now is a good idea, otherwise bide your time and wait. Owning a home is ultimatley a source of security, in the long run. Depending on what your future and immediate goals are, make sure you plan accordingly.

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Do You Need A Real Estate Pro?

Response

Home professionals is a very good idea, especially in this market. Loyalty and hard work seem to go hand in hand. Finding someone who you trust and that will work hard means that depsite everything finding a home and knowing all of the details that go into home buying will likely be more of a success in my opinion.

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We doubled the size of the home & remodeled it. Why is your estimate so low? It is hurting us.

Answer

Giving a value to properties has various criteria. When you get an appraisal for example, the appraiser looks at recent sales within a period of three months usually. The most recent comparables are what drive the price, as do other factors. Zillow's prices are not always the most accurate but they give a snapshot of what the house is likely worth based on a few of the criteria that an actual appraisal would reveal.

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