Refinancing
If I purchase property at 70% for cash, when will I be able to get a HEL/refinance? Is there a common seaoning time with most lenders or can it be done within the next month?
[ Edited by pcdodson on Date 09/25/2008 ]
[ Edited by pcdodson on Date 09/25/2008 ]
I have been able to get it refinanced right after with PHH mortgage. This of course depends on your credit, how many mortgages you already have, a home appraisal,and your ratios.
A safe ladder always costs an arm and a leg. If you are a light person you can get away with a cheap ladder, but if you are like me- over six feet, 240 pounds, and climb ladders carrying a bucket of cement- you need to fork out the bucks and get a commercial grade ladder. It is much cheaper than the cost of even a single fall...
Those ladder stabilizers that hold it away from the wall can also be very useful, especially for allowing you to work straight on to what you are doing, rather than off to the side. Not that this is applicable for a stepladder!
Chris
I have one of the Little Giant ladders or a derivative of same; I think I got it at HD or Lowes. My works great although now that I am doing more home inspections I wish I would have gotten one a little smaller. It can get me up to 22 ft which is fine.
thanks
offer cash and see if you can get a discount.
lowes and home depot 10% off if you put it on credit card is nice too.
Brandsmart is the best source in my market
Yank,
I agree!!
Anybody who makes an offer on a house but does not include a contingency to perform an inspection by a licensed and insured contractor/inspector (unless of course they are one) is just asking for trouble.
Jim
My problem with inspections is that they are pretty useless if done by the wrong person. Also, to someone who is knowledgeable about properties, the home inspection provides little to no extra information. I mean, they do not check any systems that I could not check myself with a torchlight and a ladder.
Also, the home inspector does not assume any liability? If you are giving me some kind of warranty that the systems you checked would be okay after you left, then I might consider it worthwhile.
What I do is I do my own home inspections myself with my handyman and hire a certified HVAC company to check the HVAC system. I use the same checklist that the Home Inspectors use and I get really familiar with the property. If the HVAC person discovers any problems they give me an estimate to fix it and I can decide how to proceed.
Home inspections are not worth the cost to me.
Thanks.
JS.
Bit of a school boy error that. Should have had the inspection
Lacashman,
As I have pointed out earlier, there are too many people that are willing to hire the cheapest inspector they can find......they never check the persons credentials.
The other thing I have pointed out is that there are too many inspectors who do not know what they are doing. There is no way a person can take a 1 - 3 day seminar or even a 2 -6 week course in home inspection and expect to know what they are looking at yet that is exactly what is happening.
I am surprised that person who spoke of did not sue the inspector.
NC
I am not one who would sue for every small thing but this "inspector" needed it. Hopefully to run him out of the business. The foundation problem was easy to spot.