 Got a mortgage refinance quote: Too good to be true? |
| A mortgage broker quoted me a refi of $235K with adjustable rate loan at 1.2%, and the monthly payment can increase by only $77 per year. Does this sound too good to be true?... |
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 Can a landord accept a video tape for an inspection instead of coming to the house? |
| i feel that it is an invasion of privacy to inspect your place of living, has anyone ever done it with a tape?... |
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 Any advice selling my house without a realtor? |
We really don't want to get a realtor involved. What steps do we need to take to sell a house and/or where can I get this info?
Any advice would help. Thanks!... |
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 How will his bankruptcy affect my great credit when we get married, especially for home-buying? |
| My fiance declared bankruptcy with his ex-wife about 4 years ago. I have great credit. What will happen when we get married? Also, we would like to eventually buy a house. Should I try to do it alone ... |
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 What would rent be where you live for this apartment? |
one small bed
one bath
one living room with fireplace working
one gross basement
one large and nice kitchen
all new dishwash, stove, fridge, wash, dryer
big backyard
... |
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 Question about all these homeowners going into foreclosure? |
| Aren't the financial institutions hurt when the people default on their loans? They now have a home and no money coming in. Why are these companies not working with these people and trying to ... |
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 What would happen if I broke out of an apartment lease 4 months before its up? |
| I just dont like the place. Its not what I expected it to be. I am moving to a new place in the city.... |
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 Is there a way to find out how much is owed on a house before it's foreclosed? |
| I know a house will be foreclosing next month, and I was told that if I make an offer that is less than what is still owed by the current owners, that I'd be "spinning my wheels." Is ... |
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 Theoretically if I grew my own house, would I have to pay council tax? |
It isn't a building as such... It's technically a living organism so I'd be living in a tree/collection of trees.
Example;
http://blog.makezine.com... |
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 I have a mortgage on my name but house is not on my name anymore, person responsible for paying the mortgage i |
| person responsible for paying the mortgage is not paying on time, he dosnt want to put the mortgage on his name nor he wants to sell the house. ,what are my options, should I tell mortgage bank that ... |
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 Buy property near cemetary? |
| i found a great deal on 7.2 acres with 3 out buildings and a 3 bed 2 bath home for 158k. i looked at it at night and it was great but i went home and looked it up on google earth and its butted up ... |
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 Are you supposed to have to pay to submit a mortgage application? |
| I found a mortgage company online that says they can help people with low credit scores and low down payments to buy a house, they sent me an application but the thing is it says i have to pay $69 to ... |
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 When you bought your home, did you feel pressured to buy the most expensive you could afford? |
| When I was looking, I felt pressured by the mortgage broker, real estate agent, etc. to buy a way more expensive house, even though I didn't feel I could make the payments. Luckily I recognized ... |
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 High end laminate or hardwood flooring? |
| We've been looking at new floors for a few years now and are now in a position to do it. I want laminate (I think) but am always confused by the laminate v. hardwood discussion. I found some ... |
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 Money from house sale......what to do? pls help? |
| Hi, we are a family of 6 (4 kids), we own our own home but have had a sudden change in circumstaances. Hubby has been laid off work due to sudden health issues, we have had to go onto benefits, we ... |
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| If I sign a lease in the middle of jan, do I have to pay on feb 1? |
Ok so to explain more....
If I sign a lease in the middle of January and we pay the deposit and pay for the time we are living there in January, do you think I will have to pay for F... |
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PlasticTrees | Are we able to get a mortgage? |
Mid score 700ish, stable part time employment for 1 year..and full time seniors in school.
Additional Details
We have about 30% down. We'd like to use only 10% down. |
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Carolinahomerates.com
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you can get the house IF you have FULL TIME employment. If it's part time then you will need 2yrs MINIMUM.
if you put 20% down...then they will not verify income...but verify employment.
FHA mortgage rates are 7% and lower |
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? ?
 |
Depends on your income and other outstanding debt, stated income loans have dwindled, FICO is not all they look at, must meet minimum debt service ratios. |
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pdtsandy47
 |
Plastic
First of all you have to do a few things first.
You have to determine what your spending out now on rent.
Figure out all your overhead... light bill, phone, water, garbage, etc. if some of that is figured into your rent then you'll have to find out what those amounts are..... Figure in Home owner insurance, that's usually about 250.00 per year. Break that down per month.... I don't know what "Mid Score 700ish" means. or is....... but look at what your paying out.....and weight that against what is coming in, and then you should have a total..... now subtract the smaller amt. from the big amount. THAT'S WHAT YOUR GOING TO BE SPENDING FOR A HOUSE PAYMENT.
Example:
Based on if your Expenses Are: $ 600.00 per month
and your income ( for part time employment), is $ 1200.00
Then the difference is : $ 600.00 and that would be your house payment.
That's how we figured ours, when we purchased both of our homes. We paid our home off last yr. It was on a 12 year contract, we paid it off in just under 10 years. And now that we've been paying ourselves that $$ we'd normally of sent in for the payment, we are almost ready to re-purchase a 3rd home......
Remember to keep in mind the taxes, and insurance, and maintenance ..... all those things not covered when one rents.
AND: Good Luck |
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livigninchrist!
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Call a reputable mortgage broker. One that won't make you feel stupid because you aren't a mortgage broker. There are loans out there, FHA has just come up with a great plan to help first time buyers, you will, in this new market, need to show you income. NO more stated for some time to come (if ever again). Well Fargo just presented the new FHA plan to us. (not the so called bush bail out). ANY FHA approved lender can offer it to you. If you are serious about getting into a mortgage, take that first step and call a lender. You won't know what you can do until you try!! Good Luck and God Bless |
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sideline2084
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Check out http://www.mortgagefigure.com there is lots of information about refinancing, consolidation, bad credit mortgages and more. |
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burt p
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you can get the house if you have a good job. I found interesting information about your answer & the best options here.
http://all-mortgage-calculators.blogspot.com/2007/07/mortgage-loans.html
Good luck! |
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Open Book Advisors™
|
Do yourself a favor and finish school.
Lenders want 2 years in the same line of work.
Do you have a large downpayment to make your monthly payments and rates low?
If not I would wait until school is done. It's stressful enough to buy a home, let alone while in school full time.
Your scores are great. Good Job! Keep them that way!
It would take more info to be completely difinitive of course. |
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pearlmel
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with a minimun of 10 5 down it should be no problem. If you have enough income to make the payments and can prove it then yes its very possible and a 700 score will get you a great rate! contact a good mortgage lender to get a quick answer they can should be able to preapprove you quickly if you meet the guidelines! the only small issue that mey need to be addressed is the term of your employment. If you both have jobs waiting or something like that that would help you considerably in the approval
here a good link to get some insight from a professional |
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I_Love_McRedneck
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I'd recommend putting 20% down - you'll avoid PMI that way, and that can be QUITE expensive.
If you can get a loan, go for it! |
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mohrloans
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If your loan amount is under 417K then you should easily be able to get a loan with only 10% down, maybe even 0%. If you have any questions please feel free to contact me with your scenario mohrloans@yahoo.com |
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