 The best way to make money online? |
| Who is telling the truth and who is not?... |
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 How do I become Rich/Wealthy in the Future? |
| Hello, I'm 14 years of age and am attending 8th grade. I'm looking how I can become rich in the future. I Make A and B honor roll and nothing less than that at school (sometimes all A honor ... |
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 Is it better to pay a collection agency in monthly payments or in one lump sum? |
| I have just over $3,000 owed to a credit card that went to collections. I was wondering if they are more likely to reduce the amount of debt that you owe, if you agree to pay in one lump sum. I'... |
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 What happens if i stop making payments on my car and when do they start repoing the damn thing? i still owe 15 |
if i move to another state do i still have to make payments on the car?
the ac blew out and the timing belt blew up too. with all the repairs that need to be made i'm wondering if i should ... |
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 Anyone have any idea how a desprite 12 year old can earn money? |
| I asked my mom about online stuff, servey you know stuff like that, she said no. Please dont give me that lemonaid stand crap. I want to earn real money not ten bucks. I hate yard work, so if there ... |
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 How much spare cash do you need a week? |
| I dont mean bills or expenses, just money for everyday things like cigarettes, coffees, newspaers, sandwiches etc...what's the minimum you need per week?... |
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 How am I suppose to live off of this? |
| I want to resign from my job and go to Cosmetology school full-time. The course will cost me about $15k out of pocket. The hours will be 9-5p M-F. So my children will have to stay in daycare (... |
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 How am I doing financially making $95,000/year gross in NYC? |
I'm 30 years old and single and I have about $10k in the bank. No kids or house. I rent and I have 2 motorcycles and a car.
Trying to see how I compare to other New Yorkers or to ... |
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 What can i buy online for $.08? |
| Well you see i have a gift card that i can buy stuff online but only have $.08 let on it. I cant put anymore money on it though.... |
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 Has anyone got any realistic inventive ways to make money? |
| I am broke and sick of thinking about how to make a little money. I'm more into making it in an original way and starting something for myself than constantly relying on work which I do for ... |
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 Can I bring a person to court over a personal loan? |
| I made a pretty dumb decision and lent a close friend 7000 dollars. I gave her a while to pay it off, well here we are 4-5 months later and she keeps telling me that she is going to pay me and ... |
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 Can anyone help? |
I have a big problem, I cannot get a job at all. Can anybody suggest me how to get a job because when I apply and do the interview they tell me that they would call me but they never do so.
I ... |
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 Not to be negative, but isn't opening a joint checking account dangerous? |
I'm such a romantic at heart, but since about 50% of couples crash and burn, isn't this just adding extra headaches?
Even if you are completing each others inner child and what ... |
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 How do I become rich overnight? |
I am really needing to become wealthy over night any great ideas? And this is very serious...
Additional Details
This is good advice...keep it coming!... |
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 I really need easy ways to earn money. Please help.? |
| What are some easy ways to make money? Don't say to do chours because I dont get paid for that. And don't tell me to babysit because I dont have anyone around me to babysit. And also dont ... |
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Jessica l | How long does it take to save up for a house? how many years? |
please tell me give me numbers |
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icecreams
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3 |
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Buffet4life
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Depends how much the house is. 5% down on a $80,000 house is diff than 5% on a $150,000 house! Try to get a 100% loan or take advantage of 1st buyer programs |
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Strawberry
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It's difficult to give you a good answer since I don't know your income and monthly expenses.
You usually would want to save up to be able to pay for a downpayment (20% of the cost of the entire home) plus about 3% more on top of that to pay for closing, title fees, legal and home inspection fees.
Make sure you earn enough money to be able to pay your monthly mortgage. Remember, even if your mortgage rate is fixed, your property tax and home insurance tax can increase every year and that could increase your monthly mortgage.
Good luck. It's cool that you're thinking about owning a home. Save save save! :) |
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SadToday22
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Too long...I ended up doing a zero down purchase become it takes sooo long, atleast for me. An ideal buyer has atleast 20% to put down, so if you are going for a $100,000 house, you need to have $20,000 in the bank, untouched and most of your other bills paid off. Kind of a crock....there are so many programs out there now, I don't think the old school theory of having 20% is still ligit, because whether you've got 20% or not, people in America need to buy homes to get out of renting and to get the economy moving again. So I guess to answer your question, what's your purchase price range and how long will it take you to come up with 20% of that??? More advice: Pay off all your other bills first (car, credit cards, loans, etc) and then purchase a home and after you buy a home they tell you to have atleast 3-4 mortgage payments sitting in the bank at all times in case you lose your job. That is a VERY good idea!!!
Good luck, homeownership is VERY rewarding! |
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Tbone
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depends on your salary and the cost of the house (and where you live). |
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magerious
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I can only tell you about me and my wife and how we did it.
I make around 60K a year.
She makes around 65K a year.
We saved 15% of every pay check for 20 months, it was hard, but worth it.
When we hit the 20K mark, we went house shopping, it still wasn't enough of a down payment for the one we wanted so we sold one of the new cars, our boat, and our hunting camp in the Poconoes which put us over.
Good luck, it won't happen tomorrow, but it will happen as fast as you make it happen. |
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sortaclarksville
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Depends on the house and how much money you make and how much you are able to save each month based on what your current expenses are.
You will want to put down at least 20% of the cost in order to avoid PMI. And, you will need some cash for closing costs. Don't get fooled into "rolling" your closing costs into your loan. |
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datgirl88
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We only had to pay closing costs for ours, and it took about 2 years, since we don't make great money. (It was $2000)
First-time home buyers programs are awesome - check into it with your bank. |
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peppertooth1971
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all depends on where you are. In general you save up for the down. In Canada thats usually a minimum of 5% Then it depends on your income. A bank will not mortgage you for a 300.000. home if all you make is $30.000 a year and you have the minimum $15.000 saved but they might if you have $100.000 , $150.000 saved. Best bet is to go to your bank and see what you would be "pre approved" for and you can figure out the numbers.
It took me 2 years to come up with 10% down on my home, my parents took 15 years to save - don't know how much they put down but the mortgage was for 10 years.
In the US you can also purchase with no money down but you get a huge monthly payment and the interest is high.
I would suggest get something small build equity and move up gradually that way your not blowing cash on rent and eventually you will get that dream home. Lots of people get the dream home of the bat and realize finances are too tight then they loose it. Then its Hell to get another home... |
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STEPHEN H
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Most people get a Mortgage, this Is where a loan company,bank or building society buy the house for you and then you pay them back,usually over 25 years. This means that a house costing £100,000 would be paid back at around £330 per month. I hope this Is useful to you.:) |
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superloanlady
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there are many different loan programs for first time home buyers (FHA has 103%) the seller can contribute up to 6%, the old school notion of 20% down, no one does that. You can break it up into 2 loans 80% 1st, 20% 2nd if you don't want to pay mortgage insurance (which only protects the lender) terms go up to 50 years now, there are great down payment assistance programs.
If you know someone in the mortgage/lending industry, get prequalified, they will look at your credit history, income (need 2 years, paystubs & w2's), tell them what payment you are comfortable with, and they will run the numbers and let you know, what programs you qualify for, and can give you a prequalification letter, which states how much you are prequalified to buy.
This is good for realtors, you are already prequalified, you know what price range, it helps narrow down the search.
good luck in your search. I am always available if you have any other questions |
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Ella
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Depends on how much you put away at a time, a decent downpayment on a house is 20-30K |
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