ms.bowen's Advice

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  • 10 Contributions
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ms.bowen wrote:

Assessment vs. Inspection

Response
Thanks - there is so much to learn about buying and selling a home. Do most people pay for an inspection before putting a home on the market? Also, when the lender sends someone out to do the appraisal, who pays for the appraisal? I'm trying to gather as much information as I can about costs before I decide if I can put my house on the market and try to move into a new house, so I have lots of questions.
October 17 2013
(0)
Assessment vs. Inspection
What is the difference between an assessment and an inspection? If you buy a house from a realtor who says "All of my houses are pre-inspected", should you still get an assessment done?
October 17 2013
(0)
Can a person refinance more than once using the HARP program?
My husband and I used HARP to refinance back in April. Just wondering if this is a program that can be used more than once. 
September 18 2013
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Looking to meet with a real estate agent in Champaign, IL
I have lots of questions about buying and selling in Champaign, IL. I contacted a few different area real estate agents and never heard back from them (maybe because it was the week of 4th of July). Can someone recommend an agent in the area who would be willing to sit down, face to face, to help me figure out my options? Thanks in advance.
August 20 2013
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Low down payment
A friend of mine said the lowest down payment you can make on a house is 5%. Is he right? I always thought that you needed 20%. 
August 19 2013
(0)

Buying without savings

Answer
SteadyState:http://www.zillow.com/howto/GoodNeighborPolicy.htmJust something to think about before you go around calling people entitled when they are just trying to learn about their options.
July 02 2013
(0)
Buying without savings
Is it possible to buy a house without a down payment? We own a small house and would like to buy a slightly bigger house and I have excellent credit, but we have no savings.
July 02 2013
(0)
Selling when you are underwater
My husband and I are underwater on our home. We were able to refinance through the HARP program, so that should help some. However, we have been in our 2 bedroom, 1 bath house for six years and we would really like something bigger. We are about $11,000 underwater. Any advice for how to move forward? We have thought about buying a new home and renting the one we are in right now, but that seems like a risky move. So are we stuck in this house or what? 
June 24 2013
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Should I "buy" my house from my spouse if his credit is keeping us from being refinanced?
I want to refinance our mortgage, but he has a tax lien from a business he runs, which means we won't be able to refinance for months, since the loan is under both of our names. I am wondering if I would be able to refinance if the loan was just in my name (I have good or excellent credit, depending on the creditor). How easy would it be? 
November 01 2012
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