user4391864's Advice

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  • 3 Contributions
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user4391864 wrote:

Why would I go with an FHA loan?
I'm not a first time homeowner, my credit score is over 760, I have assets to liquidate to put down 20% and I have ensured continued employment once I move.  Why would a broker suggest an FHA mortgage for me?   I am trying to understand that there might be a valid reason other than incurring extra fees and requirements I don't have to just to make the bank more money.  Can someone explain why this is the first option offered to me?
June 16
(0)

Am I required to fill out financials if I just want to see a particular house for sale?

Answer
Thank you so much for your advice - it did strike me as a little strange since I hadn't signed with this agent as yet.   Pre-approved buyers were not specified in the listing which is why I wanted to see the house before I decided to go with this sale prospect:  why waste both parties' time?   I appreciate your help, thanks again.
February 21
(0)
Am I required to fill out financials if I just want to see a particular house for sale?
This house is a HUD foreclosure and I don't even know if it's worth my time looking closely at.  The agent has been reluctant about answering pertinent questions and now told me I can't SEE the house until I fill out financial information.  I don't want to fill out anything until I know this house for sale is a viable option for purchase and I have a good idea of how much $ will be needed for repair/replacement.  It seems to me this process is backwards or am I just acting like a rookie home buyer?
February 21
(0)