 Refinancing with poor credit? |
| I am in an adjustable rate morgage, I have been for 3 years now. It is a 80/20 loan. Paid 115 and it similiar homes are going in the high 130 or low 140. My credit scores are 559 at low and 585 at ... |
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 How does a foreclosure affect a co-signer? |
Hi,
I was just curious of how you can save yourself, as a cosigner, from a foreclosure?
Does anyone have any idea?
Thank you very much.... |
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 Landlord/realty ignoring phone calls for maintenance requests. What to do? |
| What can be done if the landlord who is actually a realty is ignoring phone calls and voice messages left to them? There were more than four instances within the span of 6 days and they won't ... |
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 If you were facing foreclosure, what would you do? |
| Would you use Google to find a company to save your house or sell your house to? Is there a particular site you would go to?... |
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 I bidded on a house and now I cant afford it what do i do? |
| The other day I went to an auction and bidded 20000 over budget. The real estate person was really hassling me and I dont know why but I paid to much. I have not signed anything and I have not paid a ... |
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 Mortgage ? |
Can I cosign on a mortgage when I have no credit? As in no bad credit, no good credit?
Additional Details
I would be cosigner. Hubby is the major bread winner.
I have never ... |
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 Rent increases? |
| My landlord increased my rent twice already, once every 6 months since I moved to my apartment. Now they want to increase the late charges from $50 to $100! a couple of months ago we got a letter ... |
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 When a tenant gives 'written notice' when wanting to terminate a rental agreement. Does by email count? |
| We want to move out asap. The contract states 1 months written notice (nothing about it being signed). I emailed about 2 weeks ago, can I now write a signed letter and back date it?... |
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 Is there a sales tax on buying real estate? |
| If you buy a house, do you need to pay a sales tax on top of everything else?... |
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 I want to refinacne my mortgage in CA, are you a loan officer? |
| I got a 7% F mortgage for 15 years and i want to refinance it because i want to take out cashout of 90000 out of my equity of $250000. My credit score right now is 692. I want to contact some good ... |
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 Can a landlord raise the rent any amount he wants in a private house? |
| So far he has tried to raise my rent 100 every year since I moved in! I have no lease but isn't there some kind of guideline he must follow as a landlord?... |
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 When buying a home, should you tip your real estate agent? |
| I know the agent gets paid based off of the price of the home; however, what is a good way to show my appreciation for his work after closing?... |
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 Moving out of parents house.? |
I am 24 in part time eduction to get the qualifications i need to get a job coz i left school when i was 14 due to bullying. I live in the uk.
do you guys have any advice for someone ... |
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 Pay final rent or just move out? |
| We are in the final stages of a house being built, and we should close in the next few weeks. It is the beginning of July and we are contemplating just putting our stuff in storage, moving in with a ... |
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| Landlord Neglects? |
| I live in the state of Illinois, Everthing runs of electric. Now if my landlord have some electric work done and left us, me without electric for 4 days, and I had to go to hotel is she require to ... |
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Ellie E | As a single first time buyer...? |
How hard was it to get onto the property ladder? How did you do it? I feel I should be looking into this now but realistically can only afford a 50k mortgage and there aren't any properties available for this price. Most shared ownership schemes in my area start at around 69+. I still also have some debt including a student loan. Are there any steps I can take to increase my likelihood of getting on the property ladder (in the UK) at some time in the next few years? My parents are not in a position to loan money and I wouldn't ask anyway. I do not have anyone to share with but I'm looking to change jobs to increase my income. Thanks for your help |
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dunrobin46
|
At the moment it looks as though your only option is to kep saving and keep going for higher paid jobs.
In the past people got mortgages in their mid 20s it looks as though the future trend will be in their mid 30s |
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Allen B
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Save a realistic sum on a monthly basis so that in 18 months you can go to your bank and say I have saved X and that added to Y [your present rent] = the amount you can comfortably pay on a mortgage.
Also get a few credit cards which you should use sparingly and pay immediately which will up your credit rating.
Also get something on Hire Purchase or a bank loan and pay it off on the correct date without fail; this will also up your credit rating.
Use the money you save for your deposit which will need to be 10% minimally. |
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leambi
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All i can say is save save save, a big deposit will make a difference to the types of mortgage deals available to you, you really need at least 10% but preferably more so get saving. |
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Tundra21999
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Make sure you credit is in tip top shape |
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danesgirl74
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Try FHA loan if you don't have a lot to put down. They can work with other programs to give you a grant for down payment and closing costs. Is your student loan current? I ask because if it is in default you will not qualify for the FHA laon. Contact a coupple lenders and see if you can get pre-qualified for a loan...is yes then go find your house. |
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rgchappell
 |
Here are a few tips in no particular order:
Eliminate your outstanding debt, especially revolving debt such as credit cards.
Make sure your credit reports are squeaky clean.
Work toward a larger down payment. The more you immerse yourself in a loan the more the prospective mortgage companies will like it.
Stay away from ARM's.
Look at fixed term financing from several different angles (15 year, 30 year).
Talk to more than one mortgage company.
Examine the possibilities of a secondary loan from a reliable source to put you over the minimum threshold (i.e. family other than parents, very close friends, etc.) but one that will not show up on a credit report.
Change jobs if you can but understand that changing will probably have an interim effect (stability) on your ability to borrow.
Last, regardless of what you wind up borrowing don't stretch yourself so thin that you can't handle emergencies that will undoubtedly crop up from time to time. |
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Acka
 |
It was easy for me, but I had a well paid job and house prices were cheaper.
You need to save hard, to get a bigger deposit.
Buy a cheaper place, in a cheaper area, get promoted or get a better paid job,
Get a 1 bedroom, rather than a 2 or a 2 rather than a 3 to reduce the buying cost,
If you get a 2 or 3 bed, you can rent rooms to to bring in some income to pay the mortgage. |
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he11o.there
|
Two years ago (at 28) I earned 25k, and purchased a place for 165 000. How did I do it? I had a full time and part time job, my parents did not charge me much rent for living with them (£100 a month) so using my part time money to pay for rent and petrol and gave myself around £50 to spend on clothes makeup going out and prob about £15 a week towards running a car and £10 buying food that my parents dont eat. That makes about £300 to spend a month from my main wages plus £180 from my part time job for rent and petrol (£80).
I saved hard for about four years like this, no holidays etc, so was able to save over a thousand a month in the end, less to begin with cause my wages were lower.
When I was at uni I worked (any you did not have to pay fees when I went) so I was lucky that I never had any debts.
On my wages I borrowed about 4.5 times my wages. After my mortage I have about £800 to spend on bills and going out. such as electricity and gas (45 per month) Council tax (about £90 for 10 out of 12 months) water and sewage, telephone and internet and mobile (about £30 a month) then you have your shopping for clothes, cleaning products and food. Plus any direct debits and loans. You also have your yearly tv licence.
The larger % deposit you save the more lenders that will lend you money so you will be able to get a better deal. If you buy a property for under 125000 you will not have to pay stamp duty which starts at 1%. You will also need money to pay for your legal fees and mortages can be expensive if you want to get a good deal (for example some arrangement fees are over £1000).
There are lots of websites with lots of advice if you google. |
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Joe_know_it_all
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how hard? depends on how much money you have. If you can only afford a 50k mortgage over what 15 yrs, your going to be a very very very slow venturist. but you have to start somewhere.. dont settle for something you wouldnt really like, i say wait till you get a better job then get the place you like. |
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