Comments on: What is the best course to purchase for buying and selling realestate with no money down? http://www.okcoug.org/realestate-com/what-is-the-best-course-to-purchase-for-buying-and-selling-realestate-with-no-money-down Mon, 30 Aug 2010 05:56:58 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: walterknowsall http://www.okcoug.org/realestate-com/what-is-the-best-course-to-purchase-for-buying-and-selling-realestate-with-no-money-down/comment-page-1#comment-1232 walterknowsall Thu, 04 Feb 2010 21:47:59 +0000 http://www.okcoug.org/realestate-com/what-is-the-best-course-to-purchase-for-buying-and-selling-realestate-with-no-money-down#comment-1232 do not believe the sales people that try to sell you this plan it is a scam and you will lose your money.....no money down is crazy and it just does not happen until you are a millionaire and can afford it save some money each year until you have a big nest egg and then buy something that is honest and worth your money<br><b>References : </b><br> do not believe the sales people that try to sell you this plan it is a scam and you will lose your money…..no money down is crazy and it just does not happen until you are a millionaire and can afford it save some money each year until you have a big nest egg and then buy something that is honest and worth your money
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]]> By: Searchlight Crusade http://www.okcoug.org/realestate-com/what-is-the-best-course-to-purchase-for-buying-and-selling-realestate-with-no-money-down/comment-page-1#comment-1231 Searchlight Crusade Thu, 04 Feb 2010 21:17:59 +0000 http://www.okcoug.org/realestate-com/what-is-the-best-course-to-purchase-for-buying-and-selling-realestate-with-no-money-down#comment-1231 There is only one: The mortgage loan officer licensing course in your state. For most states, it's the same one real estate agents take.<br><b>References : </b><br>Realtor and Loan Officer in San Diego. Website http://www.danmelson.com There is only one: The mortgage loan officer licensing course in your state. For most states, it’s the same one real estate agents take.
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Realtor and Loan Officer in San Diego. Website http://www.danmelson.com

]]> By: business creature http://www.okcoug.org/realestate-com/what-is-the-best-course-to-purchase-for-buying-and-selling-realestate-with-no-money-down/comment-page-1#comment-1230 business creature Thu, 04 Feb 2010 21:02:59 +0000 http://www.okcoug.org/realestate-com/what-is-the-best-course-to-purchase-for-buying-and-selling-realestate-with-no-money-down#comment-1230 if you want some information on this contact me at banconeroman2@yahoo.com<br><b>References : </b><br> if you want some information on this contact me at banconeroman2@yahoo.com
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]]> By: Gitchy gitchy ya ya da da http://www.okcoug.org/realestate-com/what-is-the-best-course-to-purchase-for-buying-and-selling-realestate-with-no-money-down/comment-page-1#comment-1229 Gitchy gitchy ya ya da da Thu, 04 Feb 2010 20:27:59 +0000 http://www.okcoug.org/realestate-com/what-is-the-best-course-to-purchase-for-buying-and-selling-realestate-with-no-money-down#comment-1229 You CANNOT buy with no cash out of pocket. You must pay earnest money when you make an offer. That's usually $1,000 but can be $500 or however much the seller wants. The buyer is generally liable for the inspection as well; expect to pay $300+ for this service, and it will be paid out of your pocket instead of the closing costs. As for buying with no money down, there are programs out there. 80/20 is typical for a first-time buyer; this means you get a first mortgage at the standard 80% of the purchase price, and a second to cover the 20%. Be aware that both loans will probably be adjustable rate, particularly if you don't have stellar credit. You can roll the closing costs into the mortgage provided that the appraisal comes in high enough. Ya know what? You can spend all you want on those real estate investment courses you see advertised and they will tell you nothing more than I just did.<br><b>References : </b><br> You CANNOT buy with no cash out of pocket. You must pay earnest money when you make an offer. That’s usually $1,000 but can be $500 or however much the seller wants.

The buyer is generally liable for the inspection as well; expect to pay $300+ for this service, and it will be paid out of your pocket instead of the closing costs.

As for buying with no money down, there are programs out there. 80/20 is typical for a first-time buyer; this means you get a first mortgage at the standard 80% of the purchase price, and a second to cover the 20%. Be aware that both loans will probably be adjustable rate, particularly if you don’t have stellar credit.

You can roll the closing costs into the mortgage provided that the appraisal comes in high enough.

Ya know what? You can spend all you want on those real estate investment courses you see advertised and they will tell you nothing more than I just did.
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]]> By: robert S http://www.okcoug.org/realestate-com/what-is-the-best-course-to-purchase-for-buying-and-selling-realestate-with-no-money-down/comment-page-1#comment-1228 robert S Thu, 04 Feb 2010 20:19:59 +0000 http://www.okcoug.org/realestate-com/what-is-the-best-course-to-purchase-for-buying-and-selling-realestate-with-no-money-down#comment-1228 There is a sucker born every minute just to get hooked by another get rich quick scheme. Then there are another bunch of "experts" telling you what else you can do. Wake up. It takes money to make money. There is however 1 government program that helps low income earners to be first time home owner with no money down. However, you better have a steady job and good credit. Forget about no-money down, bank foreclosure and all that wealth building seminars. They are all scams. Think about it, if it is that easy, why hawking the seminars instead of doing it themselves.<br><b>References : </b><br> There is a sucker born every minute just to get hooked by another get rich quick scheme. Then there are another bunch of "experts" telling you what else you can do. Wake up. It takes money to make money.

There is however 1 government program that helps low income earners to be first time home owner with no money down. However, you better have a steady job and good credit. Forget about no-money down, bank foreclosure and all that wealth building seminars. They are all scams. Think about it, if it is that easy, why hawking the seminars instead of doing it themselves.
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]]> By: Gazoo http://www.okcoug.org/realestate-com/what-is-the-best-course-to-purchase-for-buying-and-selling-realestate-with-no-money-down/comment-page-1#comment-1227 Gazoo Thu, 04 Feb 2010 20:07:59 +0000 http://www.okcoug.org/realestate-com/what-is-the-best-course-to-purchase-for-buying-and-selling-realestate-with-no-money-down#comment-1227 The best course is not at all. If you have good credit, you can make this happen for yourself. If you arent so sure or want to know how its done get a free book from the library and do some research. Its nothing new and actually most new contruction homes are offering it automatically among other things. A paid course wont show you any secret handshakes or passwords. Talk to mortgage people and just say you are looking for 100% financing. They will let you know the qualifications. Save the money for a house-warming present!<br><b>References : </b><br> The best course is not at all. If you have good credit, you can make this happen for yourself. If you arent so sure or want to know how its done get a free book from the library and do some research. Its nothing new and actually most new contruction homes are offering it automatically among other things. A paid course wont show you any secret handshakes or passwords. Talk to mortgage people and just say you are looking for 100% financing. They will let you know the qualifications. Save the money for a house-warming present!
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]]> By: stevewbcanada http://www.okcoug.org/realestate-com/what-is-the-best-course-to-purchase-for-buying-and-selling-realestate-with-no-money-down/comment-page-1#comment-1226 stevewbcanada Thu, 04 Feb 2010 19:36:59 +0000 http://www.okcoug.org/realestate-com/what-is-the-best-course-to-purchase-for-buying-and-selling-realestate-with-no-money-down#comment-1226 As several friends of mine learned to their dismay, these "no money down" real estate courses are a scam. The only ones who make money are the ones running the courses.<br><b>References : </b><br> As several friends of mine learned to their dismay, these "no money down" real estate courses are a scam. The only ones who make money are the ones running the courses.
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