Search for:

Theresa Daniels

Solid Source Premier Realty

Listings: 8
Endorsements: 0
Answered Questions: 11

About Me
Listings
Endorsements
Answers

Theresa Daniels's Answers

1 2

Viewing Answers 1 - 9 of 11

Answered: Jan 2, 2013

In answer to: Looking to buy a home, I am a first time home buyer.

Joy, Yes lenders are looking at scores as an indicator of how you repay debt. To improve this impression you want to increase your scores. First you need to determine why your scores are low. If it is late payments, then obviously you have to start paying on time. You will need 12 months of on time payments. If it is not enough credit, then carefully open accounts that are reported to the credit bureaus. These things take time, but will help to improve your scores and allow you to get better interest rates.

Answered: Jan 2, 2013

In answer to: What are home buying options for someone who has a low credit score but a great job? I'm a first time home buyer and am unclear about what I can do.

Racheal, FHA loans are used a lot for first time home buyers. The down payment is typically 3 1/2% of the sales price of the house. If you end up buying a HUD home with a FHA loan then the down payment could be as low as $100 (in some states). Some of these houses need work to qualify for the FHA loan. In that case the cost of the work + a 10% contingency for surprises will be added to your loan amount. Great job means you can work on your scores to make them better. The easiest thing to do is as simple as paying on time. Late payment will make scores plumment and time will heal that. Lender will be looking at the last 12 months for on time payments. You can get your FREE copy of your credit report from annualcreditreport to see what is being reported on you.

Answered: Jan 2, 2013

In answer to: How do I start the process of qualifying for a home loan??

Great question! This is also the first thing you want to do is find out IF and HOW much house you can afford. You want to talk with a lender, whether it is your Credit Union, bank where you already do business as they may have a mortgage department. There are also mortgage companies all around you. Working with a REALTOR can also help as they might be able to give you a list of local lenders they have worked successfully with. Some states/cities also have down payment assistance programs if that is needed.

Answered: Jan 2, 2013

In answer to: How do I get expired listings out of the system.

I have asked this question before and was told that the listing agent has to personally mark it as expired or closed. Even if you only listed it in your local MLS, it is syndicated to all the other third parties. It is still your responsiblity. If you find an easier way, please share with the rest of us.

Answered: Jan 2, 2013

In answer to: I would just like to know where I can find more details about subscribing to homes.com to look at foreclosures. Pricing etc..

Hi Kaci, No subscribtion is needed to look at the information. However, you might want to register your information to get information on the type of properties you are looking for. Working with a local agent as a buyer is also FREE and they can email and show you properties that match what you are looking for. Just make sure you are qualified to purchase first as good deals won't last long. Sometimes the time it takes for you to get pre-qualified for a mortgage can be to long to get the house you really wanted.

Answered: Jan 2, 2013

In answer to: very interested

We are glad to hear it! Really please elaborate and share this with us all or ask a question. We are here to help.

Answered: Jan 2, 2013

In answer to: Is there a second chance mortgage lender for those with low credit ratings.

There might be, check with your small local bank or a larger local bank with its own underwriting department. sounds like you won't fit in the typical mold and sail through their desktop underwriting system. They will have to look at YOUR specific scenario to see the extenuating circumstances. They will pry and ask lots of questions so prepare yourself with all possible written records as back-up. Scores are determined by established credit and it being paid on time. Poor credit scores typically mean late payments (particularly during the last 12 months), new accounts or simple not enough credit established. Although 5% down sounds good at first glance, if its 5% of $50,000 that might not be enough. Don't do it online, you need a face to face meeting with a lender!

Answered: Jan 2, 2013

In answer to: Is there a charge for home listings on the internet as a buyer? that should be the very first heading in your site.

Thanks Cynthia, I will add that to my site today. As Real Estate Professionals we take these things for granted. Any site asking upfront for money from you just to get information should be a RED FLAG!

Answered: Jan 2, 2013

In answer to: Is a credit report mandatory to rent & is it ONLY criteria rental is based upon?

Julie, Most but not all will check credit to make sure the person will pay the rent. Like all the others, being upfront will be your best bet. You'll feel better and it will teach your kids the valuable lesson of being down buy not out! Hopefully the marke there in North Carolina is better than in my part of Georgia where rent on nice places is higher than mortgage payments. My mom also found herself in the same situation some 40+ years ago with 5 girls to take care of on her own. We're all adults now, some are even grand parents we made it and I know you and your kids will too.

Covers Cataula, Columbus, Fortson, Midland, Upatoi, and more.

Crazy Hair color for crazy good Real Estate deals

We cut our teeth on SELLING bank owned properties when no one else wanted them. We have an awesome team to help market listings and represent buyers. We are knowledgeable in selling foreclosures, new construction and re-sale homes. We're licenesed in Alabama and Georgia, with expertise in properties selling with (FHA 203b, 203b repair escrow, 203k, Consultant 203k, Conventional and VA loans.)

One agent also 'Habla Espanol' and either answers her phone or returns phone calls!

We don't personally manage rentals but our office does. They are available Monday - Friday, at 706-576-2400.