 Can I get a stated income loan with a rating of 710 w/ 10% down and $6000 in student loans still unpaid? |
| What do I need to take care of before I try to get prequalified? What will they ask me? Should I try to pay off the student loan first? Credit cards are paid off, no car loan, nothing else. This ... |
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 Joint mortgage? |
hi
there is not enough equity in our home for my ex to give me the sum of money he promised he would.
As he promised me a sum of money, i had put in an offer for a new house, with me ... |
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 Is a 5yr interest only home loan a bad idea for a 1st time buyer? |
| I'm in the home market and do not have 20k to place down on a home, nor do I make 150k a year. Would a interest only loan for 5yrs be a bad idea? At that point I could re fi after 5 yrs for a 30 ... |
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| Advice on taking on a 100 year old house? |
| My husband and I may have a chance to take on my former marital home from my ex-husband since he stopped paying the mortgage and my name is legally still on it. It is not in a great area, and he has ... |
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 How do I sell my house in a market flooded with similar houses? |
| I live in an area where are houses are not selling right now. I really need to sell my house by June. Any ideas that would help me sell in a market already flooded with similar homes? My asking ... |
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 Can I file bankruptcy to save my landlords house? |
| My landlord is being forclosed on. I dont have any where to go. Is it true that if I file BK, my landlords house will be saved, so that I will not get kicked out?... |
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| Can you buy a piece of land, plonk a caravan on it and live your dream of living self sufficiently? |
| My husband and i live in a council house, in a beautifull part of the world. Unfortunatley we are not that well off and could not possibley afford to buy a house in our beautifull village in cornwall.... |
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 How do you legally rent out your home? |
| My husband and I are just thinking about our options and don't know where to start. Thanks!... |
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 I rent a room in a house. Is the Landlord allowed to just come in to my room when he feels like and move stuff |
| The landlord lives in the same house and keeps coming in to tidy up despite being told repeatedly not to. So far he's damaged a Drivers suit from Richard Burns when he drove for Subaru, broken a ... |
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 I would like to buy a house but I have no credit is their an agency that would help me? |
| my fiancee has slightly bad credit and the only agency we talked to said we should go through a local bank but I don't think this is an option.... |
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 Remortgage or sell & move on? |
| My partner & I have recently seperated. The house is in my name but we have a joint secured loan & a personal loan. He is refusing to move out until I either sell or remortgage to clear the ... |
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 What is this kid doing to close so many real estate deals? We have over 3000 realtors in my county board? |
| Theres a 22 year old Mexican Kid who has been in the business 4 years, ever since he was 18. He is the top producer closing 70 deals per year the last 3 years and he does little advertising. The ... |
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 Can anybody help me... I moved into a student house two months ago and signed a contract until the end of? |
| July. problem is i have come into money problems and can no longer pay my rent. i told my landlord this and she basically said... u need to find someone to take over your lease... if you dont then u ... |
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 Should I pay it off? |
| I have a mortgage left of 60k which I pay 6.125% . should I pay it off if I could. If I do ,I won't have much to fall back on if I need an emergency fund.My wife is barely working so I am very ... |
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 Submitted a 60 day notice and 8 days later told them that I did not want to move out.? |
| I gave them the 60 day notice on the 10th and called them back on the 19th and told them that I didn't want to move b/c I accepted a permanent position at my current job. They said that they ... |
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 Do you think it's a bit unfair that real estate agencies, buy bargain properties? |
... before others have had a chance to even see them. Wouldn't it be better if they went to needy families, or something? Especially when there is so much high cost housing and rent now.
... |
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TJ Wharton | Buying a house. If I'm a first time homebuyer w no wife an make $100 K then is it realistic to buy a $1Mil hou? |
What if I made $150K. Then what? With $100K what price should I shoot for. In manhattan beach, CA. |
 |
 
Ellen J
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It's sensible to buy a million dollar house with a hundred thousand dollar salary if you can get it for half a million.
Most lenders will finance buyers whose monthly house payment (including loan payment, property taxes, and insurance) will not exceed 28% of their gross monthly income. This is your total monthly expense including housing, credit card minimum payments, loans, and all other debts. Usually lenders expect this total ratio to fall below 36% of gross monthly income.
If you have little or no debt than you have a good chance of getting it otherwise you start looking for something cheaper. (I'm guessing your payments would be around $7,000.00 a month. Can you afford it?) |
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avgjoe
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With only at a $100,000 a year you should look for a home in the $250,000 to $350,000 range.
The mortgage on a 1,000,000 home would be around $8300. a month @ 30 years. this does not include all of your utilities and what not.
the standard rule of thumb is to go 2 1/2 to 4 times your yearly salary |
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Real Estate Guy
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i'm sure you are kidding. A 100k income qualifies you for a 275,000 to 300,000 house. MAX. I would recommend 250,000.
To own a 1 million house, your income should be around 400,000 min.
The larger a house, the more money it takes to run it. |
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Pengy
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2.5 to 3x you rincome at most depends on your bills |
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☼AstrologerJuliAnne☼
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If you make 100k a year even 150k a year.. unless you have like 700k to put down, you aren't going to qualify for the loan! No, a million dollar house on your salary is not realistic. |
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↑ up ǝpıs sıɥʇ
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Yea possible, 100k a year will be enough, but remember interest will build up because you dont earn 100k straight away, so your weekly wage of maybe 2000 will just be paying for interest. |
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Bonnie
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Ooh, look at me, I own $100K, aren't I good? If you earn that much you can go and pay for good advice, professional advice. Why are you on here????? |
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Jessieforeverinlove
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Just follow your instincts. Is this what you want for yourself? It sounds like you are doing a great thing, to me. Alot of people would want to have the money to do something like that. Besides, who knows, maybe one day you will have a family to move into that house. |
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andrea n
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so if you dont have a wife..what are you going to do with that kind of house..very expensive but will you be happy staying alone in that huge house..Well if you have the means go for it..But be wise in buying.Because i think in buying a house the ambiance must be serene and suits your personality.God bless. |
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JoDee S
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The wife thing doesn't matter, but is that where you want to stay? If you were to meet a woman who was the one in the next year or so and she wanted to live two hours from there what would you do? Just thought I'd ask since buying is more permanent and your looking at a lot of debt if it were to turn bad, but if your happy there and your financial situation is secure (the amount of money you make isn't all that important its how well you can manage it) then get the house that you want not one you settle for. This site has nice calculator that figures in any monthly expenses you have as well as how much you make and gives you an estimated price you what to look for. I hope it helps good luck!!!http://www.bankrate.com/brm/calc/newhouse/calculator.asp |
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