Is there anyone out there that is a Realtor or mortgage broker familiar with "rent to own." Is there such a thing in today's market? Lived in my house for over 11+ years...
Brent M. replied:
Shane Nichols
Shane N. replied:
818-312-3164 Sorry for typo
Tamir L. replied:
Vicki chapman, I am a mortgage banker and we do a lot of rent to own. I could discuss your exact situation with you tomorrow and the qualifying process. Feel free to call me anytime at 818-825-1767.
JC S. replied:
Richie Varga
Lee M. replied:
Vickie Chapman with the Zillow number in mind, and still anticipating some resistance, you should be able to make a compromise deal. As a seller, I would have rejected to carry back even a temporary loan that would make it less appealing and more of a risk. Probably better to get your ducks in a row and see if you can prequalify (I really recommend fixed rate since some day interest rates will rise again), come up with the temporary loan suggestion, and then surprise the seller with your "new" ability to come up with financing. It is a game that everyone loses some but believes that they won, it can be done. P.S. I missed the cosigner comment, it may take swallowing some pride and making nice to parents/relatives to move forward. Also, Zillow is also good on the history of the house and the comps in the neighborhood to help the negotiation.
Nicole B. replied:
Nima Davani at your service
Lee M. replied:
Vickie Chapman Nothing in it for me and I wouldn't trust any stranger like me in this group or any other group but if you compile all of the data and pitch it to me, I am offering (at this moment) to evaluate your pitch to see if it is viable, it is important that you do it yourself directly to the seller to increase your probability of success. Just PM me if you are interested.
Stefani P. replied:
I can answer your questions. Call me@818-522-0073 I work for Rodeo Realty
Shane N. replied:
Hi Vickie. Rent to own is rare. You basically sign both a lease agreement and purchase agreement at the same time. The purchase agreement specifies a purchase price, which is locked in at the time the agreement is made. Then there is what they call an option period...what period of time you can excercise your option to purchase the home at the set price. Regardless of fluctuations in the market, the price is locked in at what you agreed to. Happy to help in any way. Shane Nichols Rodeo Realty 818-3-2-3164
Stefani P. replied:
Absolutely Vickie! I look forward to talking to you.
So - I've accepted a great offer on the house - inspections are over. I have to fix 2 small things. Pictures of the staged gorgeous house will be posted soon. I close...
Quinn T. replied:
Dan Millstone at First Capital Mortgage is the best, if he can't do, nobody can! 310-295-7475 Please tell him Quinn from Partners Trust referred you. Another great guy is Chris Furie310-989-8824
Julia C. replied:
Hi Sallie, I would be more than happy to assist as well my name is Julia Chang@PNC Bank213-706-9368 Thanks for the referral Danielle Danielle Van Lier!
Isobel A. replied:
Sallie, that's great. Mazel Tov. Looking forward to pictures. xxx
Who is a mortgage broker who specializes in FHA loans?
Jason T. replied:
Denise Echeverria specializes in that for sure.
Nicci F. replied:
Denise Echeverria
Jacob K. replied:
Scott Sistilli
Josh S. replied:
Ricky Rick
Karen D. replied:
I can help you. Please email me with your questions and concerns at: KarenEstates@gmail.com
Karen D. replied:
Please call me if you are in need of purchasing / selling a home, going into foreclosure or are interested in lowering your mortgage payments. Karen C. 323-457-ibuy (4289)KarenEstates@gmail.com
Babak Moghaddam at Charter Pacific Lending Corp. Highly recommend him!
Sharen E. replied:
Drew Sterling310-734-6608 He's the CEO and absolutely brilliant. He goes above and beyond for his clients! You've never seen such commitment! Highly recommend him as he's helped me and dozens of colleagues with our homes and real estate investments.
Does anyone know what is considered a fair rate for mortgage broker fee?
Ester S. replied:
it's generally 1% of the loan amount but may be somewhat negotiable. I have a friend who paid a fixed rate that was lower bec her husband's work had some deal with a mortgage broker for their employees. And I found that I could not get the deal the mortgage broker got for me, so it was worth it, if you get a good broker. I recommend Adam Siegel at mortgageisrael.com
I have a Mortgage Broker in need of an independent loan processor. Must be able to complete a good faith estimate & have good follow up. Please message me if interested...