Klient Banku » Renting & Real Estate

What banks do financing on the wholesale side for spec homes?

Banking — Wed, 28 Apr 2010 13:11:27 +0000

I have a friend who is a builder and would like to use me for his mortgage broker. I have no problem finding banks who will do financing for owner occupied builder programs, but nothing for spec homes. A lot of the banks offer spec programs on the retail side, but I’m having trouble finding it wholesale. Thanks!
I do know what a spec home is
My rep at Indymac said that they only do owner occupied construction, but maybe there is another dept she’s unfamiliarr with? I’ll ask her again. Thanks!

By: alison a

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What are the best banks for first-time homebuyers to use for getting a mortgage?

Banking — Wed, 28 Apr 2010 09:16:44 +0000

Anita asked:

My husband and I are going to be first-time homebuyers and we would like to know what banks are the best for great rates. Also which banks are fair regarding fees and which provide the best services to first-time homebuyers?

I live in Florida and the bank just filed for foreclosure. How long do I have to vacate my home?

Banking — Mon, 26 Apr 2010 18:07:15 +0000

Linda C asked:

I received the papers 2 weeks ago that our bank is foreclosing on our home. I have not received any additional information, but we are not fighting the foreclosure. The truth is we can not afford our home due to my husband’s job loss. How long do we have before we are evicted, and what is the notification process for this eviction? Can they just show up unannounced and throw us out? I am clueless. Thank you.

What banks can finance a single family residence under 600 square feet?

Banking — Mon, 19 Apr 2010 22:14:12 +0000

Hello. I am attempting to buy a foreclosure in San Diego that is a single family residence with a total square footage of 528. I was told it is difficult for banks to finance anything under 600 square feet. The house is in good shape but its tiny. I need financing asap since the bank already accepted my offer. Thanks.Submited by:maganda

How to check as what banks are giving good mortgage interest rates ?

Banking — Thu, 15 Apr 2010 06:11:05 +0000

JohnPau2010 asked:

1) Is there a website where we can check as what banks are giving good mortgage interest rates ?

2) Do we have to look only local banks where I live ? If I live in ILLINOIS , do I have look for a lender or bank in IL only ?

3) Any suggestions as which bank is good ?

Should you skip the credit check if your potential renter is rich and well-known?

Banking — Thu, 08 Apr 2010 09:01:03 +0000

I’m trying to rent my place out and the potential renter is a well-known owner of a 50-employee business. Is it really necessary to do a credit check in this case?Submited by:alex

How can you get a bank loan for a house when you don’t even have nearly as much for collateral?

Banking — Thu, 18 Mar 2010 20:42:48 +0000

I was looking at a book about real estate investing and it says you can take a small amount of money (Example:$10,000.00 and have the bank give you a $70,000.00 loan added to your $10,000.00 and you can invest in real estate by buying your first home. Now, how in the world is the bank going to give anyone that much money when they don’t even own that much? Plus, what if they’re credit is bad? I guess they can’t invest in real estate can they? If they still can, please explain to me how this is possible regardless of credit history?
I got this information out of a book about little or no money down on real estate investing. I think this is B.S., especially I went in the bank and tried to get a home loan and they told me my credit was way too bad.Submited by:God’sStrength

Where can I go to do a credit check on a potential renter?

Banking — Sun, 07 Mar 2010 02:01:22 +0000

I just became a landlord and need to do a credit check. Where can I go to do this?

By: KB

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Can banks adjust your interest rate on a home loan without actually going thru the whole refinance process?

Banking — Wed, 03 Mar 2010 02:15:27 +0000

In terms of today’s economy and given all the programs to help people keep their homes, I heard from someone that some banks are just modifying loans with high interest rates, by lowering them to 4 or 5%. Is this true? Is there a program like this avaliable?
This is in the case that someone is near or in foreclosure because of some financial hardship.Submited by:Chad G

How do you as a preforeclosure investor get the loan money needed from the bank quick enough in order to?

Banking — Thu, 26 Nov 2009 07:04:09 +0000

close the deal on time? Say the auction is in 10 days, how can you get that kind of money in Cash, into Escrow by then, and even find a bank/loan officer willing to approve you in that short of time? What’s the fastest amount of time that one can get a loan? 1 month? 2 weeks? Thanks!

By: kubex1

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