construction loan
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Anyone Ever Get a 203K Construction Loan?
Asked by D.R. from New York
on August 4, 2009
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Has anyone ever applied or heard of a 203 K construction loan? Our mortgage broker suggested this would be the best way to get a large sum of money to do a renovation...
Answers
- Hi, My husband and I were in the process of purchasing a non mortgageable property with a 203K when we were sadly outbid by a cash buyer. A friend of ours has also re...
- A friend used this loan about 8 years a ago when they bought a fixer upper. I beleive the only thing that was a drawback was they had to use their own money to start...
- D., I work for a State Department of Banking and Insurance, and I have never heard of that sort of a loan either. With the housing market being what it is,...
Home Mortgage Advice
Asked by D.Z. from Dallas
on October 30, 2009
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We are purchasing a home and are planning on only using me to get the loan b/c my credit is better than my husband's. Are there any negatives to doing this that I sho...
Answers
- Most states are joint tenancy now, so even though your name and credit will obtain the mortgage, your husband will be included on the deed and will be entitled to 1/2 ...
- Make sure you have a will. In the unlikely case that you were to pass away unexpectedly, and didn't leave a will, TX law would split the house between your husband an...
- Hi D.....i am a mortgage loan officer and there is no downfall unless you need both incomes to qualify?? Do you know? Have you been pre-approved? What area are you ...
Moving...
Asked by K.B. from Grand Rapids
on July 6, 2008
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Ok ladies, a couple questions in one here: we live in Wyoming, Michigan and have purchased a lot in Holland, Michigan (in Waukazoo Woods) and have not yet signed paper...
Answers
- K., I wish you grace and mercy during this transition time. My advice regarding moving...the boys rooms should be the last thing packed up and the first thing unpa...
- I have dealt with Pine Creek Construction through the years (I was a mortgage loan officer) and they do quality work. Doug Gritter is a wonderful man who has integrity...
- When we moved two years ago, we packed my son's room last and unpacked it first. He did okay, but my husband had to sleep on the floor in his room for a couple nights...
Ive About Had Enough
Asked by G.A. from Lakeland
on October 20, 2011
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Ok so I have told you guys on my hubby loosing his job over a DUI in company truck, so its been like almost 3 mon. still no job, im really feeling he isnt worrying on ...
Answers
- Okay you are an being thoughtless for giving him an ultimatum to leave under these conditions. He is going to school to be able to have a better career for his family,...
- If you want him out you do not have to justify it to us. If you want to work on things then help him find work, but ultimatums will get you no where.
- That's great he wants to further his education but a lot of people work and go to school especially when they have a family to support! I would be aggravated as well. ...
Home Appraiser Coming Tomorrow, Help!
Asked by C.F. from Salt Lake City
on August 26, 2008
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We have a home appraiser coming tomorrow to do an appraisal on our home. We are trying to qualify for a home loan to build a fence around our yard. My questions is, ...
Answers
- Honestly, if the appraiser is coming TOMORROW, it's too late to do anything to really make a difference. If you had time, I'd say a fresh coat of paint, declutter, ba...
- Since they are coming very soon. I would make sure your lawn is mowed and your bushes are trimmed back. With such sort time there is not much you can do. If you had mo...
- An appraisal of your home does not include the way you have it furnished. However make sure you clean up and make it easy for the person to maneuver through your home...
Single Mom Looking to Buy a Home
Asked by M.T. from Dallas
on March 21, 2008
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I am currently going through a divorce which should be final any day now. I am temporarily in a rental property in Allen so I could keep my son in his current school u...
Answers
- You should give Tanya Victoria @ ###-###-#### a call. Tell her R. referred you. I'm more than certain she'll be able to help you and she'll probably save you some mo...
- If you are looking for movers please give me a call. Be sure to mention Mamasource.com Adonis Moving Company ____@____.com ###-###-#### H. C.
- Hi~ I live in Windser Meadows In McKinney (on the border of Frisco) and there has been a cute blue house for sale at the end of my st for ages (I'm not sure if the ...
Doing a Big Addition
Asked by J.V. from Chicago
on November 23, 2011
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Hubby and had hoped to buy a bigger house last year, but with the housing market the way it is, no such luck. Our new plan is to do a massive addition on our current h...
Answers
- We were considering the same thing, so had both a building company and realtor come over and look at our place. we told the builder what we were considering and got so...
- I did an addition on my home 8 years ago. We put on a 2nd story on a one story house. I used cash for the 2nd story addition, then a home equity loan for the first f...
- I feel for you. I'm in the same situation. The only thing I did was call the bank to ask them what type of loan I could get. The person I spoke with thought maybe just...
Need Real Estate Investing Advice!!
Asked by G.L. from Wichita
on March 7, 2008
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I bought a fixer up property and now I can't find anyone to loan me the money for the repairs so I can sell it. My credit is awful after a divorce, and was hoping thi...
Answers
- My husband has been investing in real estate for almost six years and he could probably help you. I already talked to him about your situation and he would be happy t...
- What county are you in? There are grants in the various counties that are for low income families that'll help them to get the assistance they need to get the things ...
- I agree as the other person said, We have done the same, and got a construction loan on the property. This gave us working capital while we fixed it up, and didn't hav...
Just Found About Pregnancy Do I Keep It in My Situation?
Asked by K.K. from Fresno
on March 21, 2010
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I am unsure what is the right responsible choice. I am married (1+ yrs) and just found out that I am pregnant. My husband and I are currently looking for a house (incr...
Answers
- I am so happy for you and your decision! So glad you 'went with your gut'! I'm also definitely in the pro-life AND pro-choice boat and just feel terrible for your fo...
- I am pro choice and that includes whatever your choice is. Children do not come when it is convenient to us. They come when it is their time. If you want to honor ...
- Keep the baby. I guarantee you and your husband will regret it if you don't. You will always wonder and have what if's going through your mind. It may even affect y...
Do You Live in Fear of the Economy or Finances?
Asked by M.!. from Columbus
on March 23, 2011
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I posted the other day about possible purchasing a cabin or camper for our family to use on the weekends during the summer. Well my husband is in Construction and hap...
Answers
- If I saturated myself with all the negativity out there regarding the economy, I could easily go postal. I don't live in fear. I live in FAITH. I do the things I kn...
- Nope- we live very conseratively and as a result can take a "hit" if it comes. Of course we have passed up "fun" activities "just in case" and I wouldn't change that ...
- We don't live in fear, we are just realistic about the signs all around us right now. No financial decisions are made lightly...frivolous purchases are getting put o...
