Stillwater Homes

By
Real Estate Agent - Tomson Real Estate
A blog site for those interested in the North Central Oklahoma Real Estate Market.
RECENT BLOG POSTS
05/27/2008
05/27/2008
Three VERY WELL MAINTAINED Triplex Units (9 Apartments), with 100% occupancy and a positive cash flow are waiting for a new owner in Perkins, Oklahoma.   Each unit has carpet and tile, refrigerators, stoves/oven, washers and drivers, central heat and air.  VERY GOOD CONDITION.  These won't la...
03/07/2008
76. CAN I CARRY DEBT AND STILL QUALIFY FOR FHA LOANS?Yes. Short-term debt doesn't count as long as it can be paid off within 10 months. And some regular expenses, like child care costs, are not considered debt. Talk to your lender or real estate agent about meeting the FHA debt-to-income rati...
07/09/2007
71. WHO CAN QUALIFY FOR FHA LOANSAnyone who meets the credit requirements, can afford the mortgage payments and cash investment, and who plans to use the mortgaged property as a primary residence may apply for an FHA-insured loan.72. WHAT IS THE FHA LOAN LIMIT?FHA loan limits vary throughout the ...
07/09/2007
66. WHAT IS THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT?Also known as HUD, the U.S. Department of Housing and Urban Development was established in 1965 to develop national policies and programs to address housing needs in the U.S. One of HUD's primary missions is to create a suitable...
07/09/2007
61. WHAT HAPPENS AFTER I'VE APPLIED FOR MY LOAN?It usually takes a lender between 1-6 weeks to complete the evaluation of your application. Its not unusual for the lender to ask for more information once the application has been submitted. The sooner you can provide the information, the faste...
07/09/2007
56. ARE THERE ANY COSTS OR FEES ASSOCIATED WITH THE LOAN ORIGINATION PROCESS?Yes. When you turn in your application, you'll be required to pay a loan application fee to cover the costs of underwriting the loan. This fee pays for the home appraisal, a copy of your credit report, and any additi...
07/09/2007
51. WHAT IF I FIND A MISTAKE IN MY CREDIT HISTORY?Simple mistakes are corrected by writing to the reporting company, pointing out the error, and providing proof of the mistake. You can also request to have your own comments added to explain problems. For example, if you made a payment late due to...
07/09/2007
46. WHAT IS AN ESCROW ACCOUNT? DO I NEED ONE?Established by your lender, an escrow account is a place to set aside a portion of your monthly mortgage payment to cover annual charges for homeowner's insurance, mortgage insurance (if applicable), and property taxes. Escrow accounts are a good i...
07/09/2007
Rainer
28,919

Ross Willingham

Realtor Associate
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the balloons to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information