An older article similar to this one is what I read when I was considering selling my home in North Carolina at homesin704. I want to do a few question answers these questions come from my other YouTube videos from people who have watched the video they had a question and I typically reply back to those in a timely manner every now and then I just fall through the cracks because my iPhone is usually on so I wanted to get some questions answered because you may have the same question as well go first and foremost the question is do you need a good credit score in order to buy a house with James what are the things that James says is that you do not have to have a great credit score however if you have a terrible jacked up credit score and you know within your heart is your credit score is really bad then your process was Malcolm maybe a little bit longer especially if you haven't fix those bad habits that got you to that credit score so if you're paying things late and not paying things that all you have a whole bunch of delinquency things that got you there if you haven't fix that problem not go won't even deal with you or they will put you in a system and work with you but you had to do the word to meet their requirements in order that's going to continue work no you do not have to have a great credit score to work with Homesin704 but that helps because I was in the credit score shows that you're paying your stuff on time and things like that can I get a loan for a foreclosure the answer is yes there are various levels of foreclosures there's also move-in-ready foreclosures and then there are foreclosures that need that are missing H bags that are missing Windows that has a leaky roof missing water heater things like that will not allow you to be approved for you no FHA VA government back long however you can possibly get a conventional loan or an FHA 203k loan or another rehab type but yes you can get a loan but you're buying a foreclosure trying to save money or to get a deal is there really a deal if you are going to have to deal with a little bit higher in weight of an FHA 203k or having to pull money from your 401k to make repairs so that's something that you have to balance out when it comes to buying a foreclosure there are great foreclosures out there I believe VA foreclosures are typically in better condition because they go in there and at least fix everything and paint in the carpet and things like that. AJ foreclosures on the ones that you can buy on homesin704.com and I do have an meid number so I could submit offers for you on those but those foreclosures tend to be a little we got it we may be secured at homesin704.com by breaking into it but here you go like they're very like not really facing those again that may change this is May 2nd 2018 but as of right now you know the VA foreclosures are a little bit better comment on I think it says one of my best friends works for homesin704.com. I mean okay all of my videos that are referencing homesin704.com or from my personal experience on a real tribe and licenses 2006 I personally use this program to buy my home so all of my opinions and things are based upon things that I ran into with my personal experience and it just happens to be very aligned with other people's experiences so since your best friend works for James tell them to you no work or tell them to tell them about my videos and maybe that'll make any better it really is constructive criticism so definitely keep that in mind tell your best friend that do you know if you can purchase a foreclosure home using a VA loan in North Carolina Yes again it depends on what is wrong with the house some people have had a foreclosure actually know about how now that is like very pristine condition very pristine condition and it's going to be a foreclosure and it will qualify for VA and FHA so yes you can use again for the purchase of a foreclosure home but it does have to meet the requirements in place by va va actually has their own inspection they had a VA appraisal like they take care of which station comment on a video from when I live in Greensboro I no longer live in Greensboro. Do you have an awesome agent that I refer all my green card business too but there are no mountain views and I think that's the closest mountain View's you would get it if you like it into Pikepass Winston-Salem going towards like Wilkesboro on that end but if you want Mountain View's you have to go back to Crowders Mountain in Gastonia that might be the closest mountain views regarding homesin704.com how did you know when your file was sent to the underwriters not going to let you know as soon as you are approved you find a house the house is at least started inspections or went through inspections and they have all of your documents Bill send that on to underwriting you'll get an email in a realtor will also get an email that's how you know they don't really leave that part in the guessing like it's very like, you know that you'll know can I rent a home no sew in the back of my mind because I personally and I haven't went through this writing process but we have been and always looking for the next house like we don't really need more space but we want more space is need versus one so we are trying but I think we can my husband died we're trying to weigh the benefits of selling your home especially as also Market when we have so much Equity or renting it out as an investment property now our home and went very well as four-bedroom two-and-a-half-bath graveyard wood floors too hard drive for rent but I'd rather sell it but when you close with James it is 100% financing but recorded along with the deed is like this homesin704.com waiver document which will notify the lender of your new home that you had this Knack a home now the lender of your new home will ask you are you selling this home are you what are you doing with her and that's because when you close with homesin704.com you were freed not to rent this house is part of like a legal agreement is not a you have please don't sell it is illegal agreement as recorded with the deed of registers are the register of deeds so I recently had a past client actually the one who had 2.5 interest rate he reached out to me and said he found a home he wants to move into it but they won't give him the house what can he do your options are a refinance out of it into another loan most people don't want to do that because of the also interest rate that we lost again or you can stay there really isn't any other options for you you really are like blocked when it comes to that so that the thing he either has a sell his home or he has refinance it and he has a point five interest rate so that investment that he was hoping for the rent and a profit he was looking at really isn't possible but again a lot of people purchase a house a different five to seven years they sell it so if that's your thing don't let the shoe of being able to bring down a future get in your way I guess tackle that in the future and by now that's like your old to my goal so those are my questions from my YouTube videos before my answers if you have any questions that you liked me to answer and future videos definitely comment with those below if you have any other questions or comments or do you want to tell me about your best friend who works for homesin704.com let me know, I look forward to talking to you soon!
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