Home Loan for Plots - Need contacts

vardhanphani
Posts: 10
Joined: February 14th, 2011, 8:20 pm

Re: Home Loan for Plots - Need contacts

Post by vardhanphani »

i have been allotted with a bda plot. and i want to build a house.
can anybody please tell me what will b the criteria for home loan,
if it is the property value, then who will access the property value, becoz, the value on papers is very less (bcoz its a BDA plot)

awaiting inputs.
jackalbda
Posts: 371
Joined: May 5th, 2009, 9:55 am

Re: Home Loan for Plots - Need contacts

Post by jackalbda »

Banks have value-tors to do the job you were asking about.
rebecca
Posts: 1
Joined: April 4th, 2011, 4:52 pm

Re: Home Loan for Plots - Need contacts

Post by rebecca »

What is loan modification and how much does it cost compared to a refinance? Is it easier to modify a loan if you don't fit the underwriting guidelines for an FHA refinance? Not in foreclosure; just have a high-interest rate ARM and too high of a DTI. Thanks for your input.
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