Question by Brandi: How soon can you use a VA loan to purchase a home after a shortsale on an FHA loan?
My husband and I did a short sale on our home 15 months ago on an FHA loan, medications store because we were stationed over seas for three years it became to hard to hold onto the home. We would like to purchase another home using my husbands VA benefits now that we will be stationed stateside again. How long do we have to wait to use the VA loan?
Best answer:
Answer by Real Estate Guy
a shortsale is basically the sale as a FC. You will need to wait at LEAST 3 years, what is ed to 5 years.
Talk with a lender.
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A handful of nice mansion pictures I located:
Fairlawn Mansion
Image by chefranden
Welcome to Fairlawn Mansion & Museum. Fairlawn was built as the home of Martin Pattison who lived here with his wife Grace and six young children. Pattison, web a wealthy lumber and mining baron, help envisioned Fairlawn as a house befitting his good results. Construction began in 1889 and was completed in 1891 for a expense of ,000.
The 42 room mansion is built in the popular Queen Anne Victorian style of architecture. The proud four story turret makes Fairlawn a familiar landmark along Harborview Parkway. Other classic features of the Queen Anne style contain the home’s prominent porch, steeply gabled roof, and the use of contrasting colors and textures on the exterior trim.
Following Martin’s death in 1918, Grace Pattison donated Fairlawn to the Superior Children’s Residence and Refuge Association to be employed as an orphanage. Around 2000 children referred to as Fairlawn property during the 42 years it was a children’s house, from 1920-1962.
For much more houses click right here…
Mansion in Spring
Image by Sasha Vasko
Missouri Governor’s mansion.
Pentax K100D with Asahi S-N-C Takumar 35mm 1:three.5 lens.
If you would like to see more properties click here…
Getting Your Financial House In Order
There are also mortgage calculators that can show you how a larger down payment can lower your monthly mortgage payment. • Consider the positives—and the negatives—of … While many first-time borrowers believe 3.5 percent is the better option, more about the …
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How Much Does a House Cost?
Mortgage loans insured by FHA are pooled and readily sold to investors worldwide in huge amounts because the timely payment of principal and interest is guaranteed by the US Treasury. Many other US mortgages are pooled and sold under similar protection …
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Top 5 Predictions for the Housing Market in 2013
After slogging through years of crippling property value declines and foreclosures, case the housing market finally gained traction in 2012 as strengthening home prices, seek better sales, and more construction propelled the sector to be one of the only bright …
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As 2012 Comes to a Close, Mortgage Rates Approach New All-Time Lows
“The modifications made to President Obama's Home Affordable Refinance Program are another boon to many borrowers, especially those underwater on their mortgages,” said Johnson. Set to expire on December 31, 2013, the program known as HARP 2.0 …
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Mortgage Rates: Low Mortgage Rates Remain Intact After Building Data Released
Existing mortgages that were sold to Fannie Mae or Freddie Mac prior to June 1, 2009 can refinance through the HARP program which does not require an appraisal, in most cases, and has no loan to value limits. This means that even … FHA has always …
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Question by Jeanie S: What is private mortgage insurance and who gets the money when a person cannot fullfil their loan obligations?
If you don’t put down 20% on a home loan you must pay Private Mortgage Insurance. So with all these loans going belly up why did ppl pay this and who took the money?
Best answer:
Answer by stephenweinstein
The money goes to the lender. However, drugs not everyone paid PMI. As you mention, cost if someone puts down 20%, then they do not need to pay PMI. Also, a person does not need to keep PMI forever; once they pay back enough of the loan, they can drop the PMI.
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Question by Chase: Who is my best mortgage lender choice?
I am 20 years old and looking to buy a townhouse to renovate and resell. I found a house listed for $ 45, purchase 000. I would hope to get at least $ 20,000 extra to cover the cost of renovations. I am looking for the best FHA lender to deal with but I am not sure who the best would be. If anyone has any experiences or knows of any good ones i should try to contact I would appreciate it so much.
Best answer:
Answer by MyHandsAreMadeOfPasta
Just ask your realtor. They have the best experience and tips to local leads in your area.
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Goto your local banks and shop around for a good deal. Also you can try lendingtree.com or similar websites.
Just be aware that if you take out a mortgage in order to flip a property, you need to do it fast! because every month that you don’t sell your property, thats extra month of interest you have to pay to the bank. In this market, you better be sure you can turn a profit on the house you are working on.