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Real Estate Questions
real estate questions
real estate questions
real estate questions
Investor Loans in Real Estate
Looking to Invest in Real Estate in Memphis, Lakeland, Arlington, Bartlett, Cordova, Collierville, Germantown, Tipton or Fayette Counties in Tennessee then Now is the Time! If not paying Cash then Loans are Available, but have the facts so you do not lose that Perfect Property! Foreclosures are on the rise and need Investors to buy and make the necessary repairs and if you sell then you will place a family or single/couple in a great property to call home. Win, Win Situatation! Why Wait Invest in Real Estate Today!
If you are an investor looking to invest in Real Estate whether for Rental or to Flip then Listen to the New Requirements.
The max loan to value (LTV) is still 80%, but if purchasing a Fannie or Freddie Mac Foreclosed Property then they now require 2 independent appraisals and they will go with the lower of the 2 appraisals. This of course means investors will be required to put down more than 20% of loan value if the property does Not appraise.
Ex. Sales Price $100,000
Down Payment 20% = $20,000
Appraised for less than agreed purchase price Ex. Appraised $90,000 ($10,000 less) .
Investor Must Pay $30,000 in order to Purchase a Fannie or Freddie Mac Loan.
This money for Down Payment or more must be seasoned 60 days in an account that will be verified by the mortgage company. So, make sure you plan ahead to have the available funds in an account for at least 60 days prior in order to verify the funds and bring a cashiers check to closing.
If you are looking to purchase Real Estate for an investment property or just looking to Buy or Sell then Give me a call or email/text and my team and I will be happy Help in Lakeland, TN. , Arlington, TN. , Bartlett, Cordova, Memphis,Collierville, Germantown, Eads, Brunswick Tipton County and Fayette County or surrounding area(s).
If you have any questions then My Team and are available to assist with your Real estate questions. Remember, there are great deals to be taken of advantage of Right Now and Rates are still competitive! If you decide to invest then give me a call and I will be Happy to assist you through the process whether you are a Seasoned Investor or Just Starting.
About the Author
Chris Griffith
First National Realty
Direct: 901-461-5590
Website: www.CGriffithRealEstate.com
Can you answer these real estate questions for me?
Will real estate prices keep going down and how much do you assume?
When's the best time to buy a house?
A friend told me to wait for 5 months to see houses continue to go down and then he said but this is the time to buy because at the end of those 5 months everyone else will want to buy too.
So when's the best time to buy?
5 months?
People that are waiting on a quick fix on the real estate market are D-R-E-A-M-I-N-G.
This is a long-term deal we have going. The prices are still predicted to go down for the next 2 years.
Remember that they have been threatening for the last 3 years that a bust WILL come...well, nobody believed it, well, it happened.
5 to 7 years...you will see properties start to rebound in value.
The whole thing takes about a 10 year cycle when something this significant happens.
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