Gamergrl asked:


I was wondering if I should go through the bank or financing person to buy a house if my credit is decent. My avg score is about 678. And I have about $10,000 for a down payment. I’m not sure with whom i should pursue or should i go to multiple people to find best deal?

Thanks for any help!

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mimichse67 asked:


How can the seller make sure he gets the property back or forecloses the property if the buyer doesn’t pay ?

Im looking for seller financing contract but most of them only say the borrower pays a late fee..

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Trevor asked:


We found our dream home the only problem is that its a new construction that was never finished. We estimate there is probably $25K in work that still needs to be done but we are looking to see if there are ways to finance this place or if it needs to be a cash transaction. We looked into a 203K but since the house was not previously lived in, that is not an option. Does anyone know of other financing programs that could work? It doesn’t have to involve financing the final things that need to be done…

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Spaghetti asked:


I am currently with Citimortgage and I’m thinking about re-financing my condo.They do charge a one-time non-refundable processing fee of $635.00.Is that a decent price or are there better deals out there and what lenders don’t charge a closing fee (if any)? Any recommendations?

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Sonja asked:


I am ready to buy and make 150,000 payment on a house. My credit is bad, should I look for an owner financing option as a buyer? What are my options?

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meiraeyes asked:


There’s a place im looking at that says Conditional on financing. Im not sure what that mean, The place is really nice and i would love to own my own house but i dont want to get stuck with something crazy in the end.

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Kari B asked:


we have a chance to purchase a house with owner financing but are being told that we have to notify them of any major improvements on the property….that sounds more like renting with the option to buy to me….can you please clarify the laws pertaining to this?

Linda

grn_4tx asked:


We found our dream house after a year of looking,it needs work but that’s not the problem. The house will not pass ( do to need of leveling , paint and other possible issues ) for an FHA or USDA loan. We want to do the work ourselves so an FHA Rehab loan is out of the question and we don’t have 20% to put down for a conventional loan. The house will be beautiful with a little work. Does anyone have any creative financing ideas or advice.

Ricardo

D B asked:


There are 2 residential lots in this neighborhood that is up and coming. I want to buy the two lots but sit on them for about a year or so. How would the financing work? Do you finance something like that as you would a 30 yr mortgage?

Mario

Yoli asked:


Is a buyer entitled to change their financing type after their offer has been accepted by a BANK or Private Seller? If after the initial offer is made the buyer finds that they are able to obtain better financing than they originally wanted to utilize, can the buyer change the financing to any loan program type, as long as it doesn’t affect the closing? I.E. Conventional to FHA or VA or any other loan programs available? Is this grounds for the offer being rejected, even if it doesn’t affect the closing being on the date agreed?

Audrey