 Why are fixed mortgage rates and adjustable rates different? |
| I just saw that a 30 year fixed mortgage is 6.07% and a 5/1 ARM is 5.91%. What are the reasons why these rates differ by nearly .2%?... |
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 I am purchasing a property and my buying broker wants to charge administrative fee of $400? Is this common? |
Additional Details
its a 250K condo and he wants to charge an admin fee and says it happens in every borkerage firm. on top of that, he gets to split the commission with the selling ... |
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 First time buyer with no deposit? |
| I'm considering buying my first property soon and have no deposit to speak of, only a bit of money to spend on moving/furniture/fees etc. I earn an ok salary but how would having no deposit ... |
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 IS this legal...? |
| My friend told me, if ppl in her apartment don't pay rent on time, the management crew go into people apartments and take valuable items "hostage" untill they pay..like laptops, tv, ... |
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 My rent is to high in my council house how can i get it reduced.? |
| Im living with my partner and 5 year old son. We are paying 85 euro per week even thoe only one of us is in part time employment. 3 days a week. how could ipossibly get my rent reduced as we are ... |
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 RENTING or BUYING? |
which would be my best choice? I have 35k saved up and I am either going to buy a house/townhouse/dueplex and rent it out, or I am going to buy a house that is a fixer upper and resale.
I ... |
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 Should I invest in real estate or pay off my mortgage or my primary home? |
| I was thinking about buying a piece of property to rent as an investment but now I am second guessing myself. Should I pay off my primary home's mortgage early instead?... |
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 Need legal help / knowledge? |
Landlord / Tenant situation. My owner / landlord quit paying his mortgage, maybe even skipped town, can't get him.
I've paid him ahead of time for 2 yrs. over $1,000 per mo.
... |
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 Is it legal for my landlord to shut off my water because my rent is late? |
| I live in Texas. My water bill isn't even due yet and my rent was only 10 days late when he threatened to shut off my water. I paid him some of the rent and he is coming for the rest in a few ... |
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| My apartment lease starts on the 1st management says I cant move in before 9th is there anything I could do? |
Additional Details
Yes it is as they say because of someone not vacating the apartment on expected time.
I told them I have to move in on the 1st and they are violating the ... |
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 My landlord wont install water heater, what can I do? |
| I went through a lot of trouble with this particular apartment I was planning on moving into but I went tthrough it and I moved in on New year's eve. Now, I'm finding out that the shower ... |
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 How much above appraised value can I sell my house for? what is the norm? |
| My house was appraised at 233,000.00 in March of 2006 and now in Nov. of 2006 was reappraised at 204,000.00 in Port St. Lucie, FL 34952 it does have 3 bedrooms and 2 baths and a 14 x 30 screend in ... |
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 How many houses did you see before you bought one?? |
| how did you know it was the right house for you?... |
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 My rights as a tenant? |
| My wife and I recently moved into our first house with our 6 month old daughter. It's a house owned by another person whom we are to pay rent to. When we first moved in, the land-lady had told ... |
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 Are there real estate agents in CA who aren't lazy, greedy creeps? |
I've never heard of one who actually helps, who gives a rat's behind whether someone is getting a bad deal or not. They all just seem to want to take the commission and run.
A... |
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 Is it always advisable to take out a mortgage when buying investment property or not? |
| When buying land as an investment property, is it advisable to buy it cash if one can afford to or is it alway better to get a mortgage?... |
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 Is buying homes for back taxes a good idea, do you have to be a "handyman" to be able to make $ doing it? |
| i mean buying ones cheap for back taxes that are older, and fixing them up yourself, or hiring someone to do that? is that a good way to make money?... |
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 What do I need to to before I even look at purchasing a house? |
I know a fixed rate mortgage is better than a variable (9 times out of 10).
I have looked at some of the calculators online and am having trouble with the tax and insurance rates, as I ... |
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janiegirl | Are there any programs to financially help first time homebuyers with bad credit? |
i am looking to buy a home. i work full time and except for a jaded financial past, i am trying to get things straight. is there any help? |
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sharkinthewater
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1. Contact the credit bureaus, pull your reports and correct anything that is wrong.
2. Contact a mortgage broker, there are a lot of programs out there but expect a much higher interest rate then the norm
3. The larger the down payment the more likely you will qualify for something.
4. Wait a year, take out a consolidation loan, and establish some good credit |
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Robin A.
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It depends. Many stuggling cities offer first time homebuyer tax credits and some even offer help with down payments. You can also look into a mortgage with Ginnie Mae, a government agency dedicated to helping people buy homes. Check them out:
http://www.ginniemae.gov/ypth/index.asp?Section=YPTH |
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makawao_kane
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You can try a loan from Fannie Mae. they are a government (sorta) program that assists people when buying a home. They can help you secure a loan and are very reliable.
You can also try to purchase a house with a second buyer who has great credit. A parent that can help you or someone you can trust.
I wish you the best of luck. |
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Tony I
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If the "jaded financial past" is 5 yrs ago and for past 2 yrs you have been paying your bills on time and no credit cards debts for one year, you are OK!! |
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e fitz
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go to the FHA website - federal housing administration |
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Playboy
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Try the FHA; they have a first-time home buyers program and I think they do forgive bad credit history, up to a point. Many banks also will work with you. Be prepared, however, to have a higher interest rate because of your credit history. Depending on how far in the past your credit problems are, you may be better off waiting to buy, so you can build good credit (and continue to rent) and save up for a big downpayment. |
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LasVegasMomma
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There are many home buying programs out there -- they are not all geared towards the first time home buyer, but don't exclude the first time home buyer. There are programs that make it possible for credit challenged people to buy homes as well. Factors like how long you have had your job and how long ago was your "jaded past" will be factors since you have bad credit. Do you know how bad your credit score is? Have you checked your credit reports for errors? You may be able to improve you credit somewhat (watch out for credit repair scams -- some are legit, but many are not). What part of the country to do you live? With the slower real estate market, many sellers are willing to help with the buyer's financing which is making home ownership possible for many. Let me know where you live, I should be able to find someone who can answer your questions specifically. |
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eGuy
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<>http://www.nohasslebargains.com/loan/financing.html> |
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Price is what you pay for value.
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Lender will give you money for sure. Probably charge you a higher interests rate and extra insurance on the loan for not having good credit.
Would you consider delaying your plan for 2 reasons? First, use this time to build better credit which will lower your borrowing cost. Second, housing market continues to slump, there is no need to jump into it now.
http://money.cnn.com/2006/09/07/news/economy/housing_forecast.reut/index.htm?postversion=2006090713
If you plan to continue with your purchase, try to stay away from adjustable loans, because they will lure you in with initial low payment. Usually people end up a house too big (mortgage is liability). Try to avoid interests-only loan also, because that is like paying rent, because paying interets won't add equity to your house and per current market condition, there won't be any appreciation to save the day later.
Good luck! :) |
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cosmocutie03
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try to call 1-859-935-2008 |
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steamroller98439
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Can I become a homebuyer even if I have I've had bad credit, and don't have much for a down-payment?
* Answer: You may be a good candidate for one of the federal mortgage programs. Start by contacting one of the HUD-funded housing counseling agencies that can help you sort through your options. Also, contact your local government to see if there are any local homebuying programs that might work for you. Look in the blue pages of your phone directory for your local office of housing and community development or, if you can't find it, contact your mayor's office or your county executive's office. |
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