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Conventional requires 20% down, right?
Home Buying & Real Estate Thread
- Thread in 'General' Thread starter Started by TYE_The Time Traveler,
- Start date
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No, you get an LTV as high as 97% on a conventional loan. For the best rates, 95% LTV is the most go-to option.
Contact me directly if you have any other questions or concerns. I am a Mortgage Loan Originator.
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Black windows are dope. I love them on old brick buildings
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I’m probably in the minority here but I’m really hoping this current financial crisis FINALLY causes a downturn in DC real estate values. I’m looking to buy a 2nd property but the high cost of properties would’ve forced me to sell my 1st one. I’ve paid off enough of my 1st property so it’s actually a solid rental property (I’m currently renting again) but would like to live in another property that I actually own again. Anyone in a similar situation?
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I bought in Logan Circle - it’s all dependent on where in DC you are looking to purchase. DC will remain recession proof in most places.
I rent the 2 bedroom for 44 and expect it to only go up
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Just got the appraisal for my house
Bought it last year at $428k, appraised the other day for $545k
Bought it last year at $428k, appraised the other day for $545k
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Nice, big jump in one year. Where at?
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My bad man I never responded I’m the worst lol
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All good. Been kind of waiting to see how things shake out before jumping in just yet anyway
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Liquid is king right now - hope you’re enjoying MJ doc!
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Commack, NY
We renovated half the house and redid the outside... So it’s not like it just went up on it’s own
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Well how much did u put in?Commack, NY
We renovated half the house and redid the outside... So it’s not like it just went up on it’s own
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Thanks brother! We adding some white brick veneer where the vinyl siding is missing next....hoping it comes out dope
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Do you work in cali?
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Do appraisers typically check the plumbing before buying a new home? I’m having an issue with my kitchen sink and I’m not sure if I should claim it through insurance or not. Been here only 2yrs in june. I’m also going through a refi so insurance is switching to a new loan company.
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For a refi? I just did one a month or so ago, and the dude took probably 15 minutes to walk around. I think mostly just checking the age of items, number of rooms, approximate footage, etc. I could go check my actual appraisal report though if you want
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I wasn’t home for the appraisal, but I doubt they check plumbing issues with sinks and the pipes running in the house etc.
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just got through my first refi feels great.
Still trying to get my friends to take dive into ownership..
Still trying to get my friends to take dive into ownership..
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So are all of y’all rich or what’s the catch cuz I can barrrely afford a decentralized townhouse in the DC/MD area
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Got my refis in at 2.875%, 15 year couple weeks ago. Pretty happy with that. I'm still keeping a close eye on refinance rates, I still have a few I could refinance if they get low enough
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Nah they definitely aren't checking that.
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Tough area depending on what kind of job you have...How far into MD are you willing to go?
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any thoughts or experiences on houses next to gas stations, oil change spots or used car lots? have been sort of looking for a cheap house for nearly a year now & it looks like prices are lower when the property is next to a gas station or auto related business. unsure if it'd be any worse than living in an industrial area in terms of adverse effects on health, any response is appreciated.
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auto correct screwed me
but I really don’t want to go past Bowie. I’m not interested in that hour commute life.
I think it’s just wild the 80s and 90s townhomes in Largo are going for the low 300s now
