Q&A
Asked by Elaine
Answered by Chad Freeman PRO+
Branch Manager in Bethesda, MD
Elaine - That's a very loaded question because it depends on multiple factors; everything from property type, to your credit score, to how you will use the property, t...
Q&A
Asked by Meredith L
Answered by Paul Carag
Financial Adviser in Renton, WA
Hi Meredith, first I'll address the owning vs. renting or leasing. It all depends on your financial situation and goals but here's the start: Ultimately, it's almost...
Q&A
Asked by Britt
Answered by Ted Rood PRO+
Mortgage Broker in Maryland Heights, MO
Hi Britt, Paul hit many of the points to consider. I'd add that you should consider your employment stability, the length of time you plan to live in the area, the c...
Q&A
Asked by robert
Answered by Ted Rood PRO+
Mortgage Broker in Maryland Heights, MO
Great answer by Amy. In addition to debt ratios, the other factors that impact loan approval are the down payment, months of liquid reserve funds after closing, and p...
Q&A
Asked by Erin
Answered by Ted Rood PRO+
Mortgage Broker in Maryland Heights, MO
Congrats on your pending move, Erin.. If your debt to income ratios qualify with both homes, and your down payment funds are not the equity in your current home, no d...
Q&A
Asked by an anonymous user
Answered by Greg Fischer
Mortgage Broker in Manchester, NH
Is there a reason why you'd want to buy later rather than now? Rent to own is a viable option, byt the biggest benefits to the buyer are extra time and forced savings....
Q&A
Asked by Coryn
Answered by Greg Fischer
Mortgage Broker in Manchester, NH
It's really more a question of CAN you sell it today, or IF you want to be a landlord. If you aren't really into dealing with renters, or you can't rent it for profit ...
Q&A
Asked by Angie
Answered by Ted Rood PRO+
Mortgage Broker in Maryland Heights, MO
Hi Angie, I don't know how handy/savvy/experienced your daughter is regarding buying and selling real estate, but in general, flipping houses requires some pretty spe...
Q&A
Asked by Nancy
Answered by Ted Rood PRO+
Mortgage Broker in Maryland Heights, MO
Congrats on paying off your loan, Nancy, and thanks for your service. You certainly can use your VA benefit again once the first loan is paid off. It's called "subse...
Q&A
Asked by an anonymous user
Answered by David Klenske
Financial Adviser in Carlsbad, CA
Depends on how good shape everything is. Roof, AC, flooring, etc. You could spend a lot on repairs.
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