 Whens the best time to sell? |
| I bought my home last year for 95,000 for a 3 bed terraced. It needs a bit of work such as double glazing, ect but was still a bargain.The area isnt the best. Is it best to wait, are prices coming ... |
|
 How could I find out if I my neighborhood allows me to rent out my house? |
| Hi all - I am considering moving out of my house and renting it out so I can buy another place. However, my house is in an upper class, somewhat exclusive area and I am worried that rentals may be ... |
|
 Does a house go up in value faster and higher than a condo? |
| I am considering buying a triplex or a condo. Which is a better investment? From my perspective, the condo is simpler and easier to maintain, but is small. The house is bigger and has more ... |
|
 Can I lose my home if my renters do not pay? |
| I have a home which was occupied with renters. They have stopped making payments to me so I fell behind $10K on my mortgage. I've evicted them and now I am facing foreclosure. I have not ... |
|
 Is it really too presumptious for me to think I'm going to qualify for a home loan? |
| We recently moved into our dream home and the owner was willing to lease to us until we were ready to buy. Things have changed however; and he's pushing us to buy NOW. My husband and I have both ... |
|
 Can my landlord move in to the building I am renting from without telling me? |
| I am currently renting the first floor of a house, and another gentleman is renting the second floor. I have noticed recently that our landlord's vehicle (and her girlfriend's) have been ... |
|
 Which mortgage companies will lend 5 times my wage or more? |
I'm in the uk
Additional Details
I'm already paying out the amount i would be repaying on a mortgage 5 times my salary, on an existing mortgage and loans. Equity in my current ... |
|
 House repossession? |
| hi, just wondering (on behalf of someone else) if you have a house repo'd and when the mortgage company sell it on and fail to get enough to cover the debt, how many years is the previous owner ... |
|
 Renting privately? |
| Has anyone had any good or bad experiences renting through estate agents or private landlords as im thinking of renting privately but not too sure about it? ... |
|
 Is it legal for my landlord to select the contractor for repair work on a unit I am renting? |
| Specifically, there's a clause in the lease that says "Any damages caused by tenants shall be repaired by a contractor or craftsperson selected by the owners". Is that legal in C... |
|
 Buying a home.. is it legal for realstate agent to say she'll only take cash? ? |
| been approved by the bank for a loan but realstate agent refuses to sell home to us..... |
|
 Anyone know the tips of how to get the house sold faster? |
I have 3 houses in my hand and would like it get it sold soonest.
Thanks in advance for every good advice of yours.... |
|
 How am I supposed to do afford my rent? |
| I have a full time job with the government, a second job as a waitress, and I attend night school. Even with my two jobs I barely make over $1000 a month. I am single, and live alone. I live in the ... |
|
 What would you do? |
| I just moved to an apartment and we had to pay $400.00 a month for our dog. $200 is a security deposit and $200 is a sanitation deposit. Puld I have to pay $20 extra a month for rent. I don't ... |
|
 How much should i charge for rent? |
for an apartment with two rooms, one bathroom, one kitchen and a small yard, in Flagstaff Arizona
rooms and kitchen are about 110 square feet each, bathroom is about 40 square feet
<... |
|
 My husband needs to make peace with Grandma. How can we make her understand? |
| Ok, we reluctantly bought grandmas house from her for her named price. It was on a high traffic main road, had apartment buildings on one side, and was outdated. Because Grandpa built it, we put a ... |
|
 Can my landlord evict me if he has someone who wants to buy the property? |
| I am under a 1 year lease that expires in April 2008. I have to notify my landlord if I am going to buy the lease to purchase I am renting from him. I am not going to buy it. I will be cooperating ... |
|
|  |
Jen B | Buying a house at 24 and $30,000 a year? |
Hi, everyone. I am expecting to stay in this area for atleast 5 years and I want to purchase a home instead of renting. I am a single 24 year old female, bringing home about 1700/month. I owe 11000 on an auto loan and 40000 in student loans. How much home can I afford? What are some things I should consider or ask? Any advice?
Oh, I live in a rural KY city
Additional Details
I pay 225 for the car, 250 for loans, $60 a month on cc.
I gross $2400 a month, but net only $1700. |
 |
 
bffer1
 |
I would first check out your credit score. You can get a free report at www.annualcreditreport.com. The higher your score, the better the loan you can get. Next, go over your budget to figure out what kind of monthly mortgage payments you can handle. From that, you can check out the many mortgage calculators online to figure out the prices of houses you should be looking at. Check out www.realtor.com for some ideas on the houses in your area in your price range. And I always recommend to work with a Realtor or real estate agent, especially if you are a first-time homebuyer. It makes the process a whole lot easier and less stressful. And most agents waive fees for first-time homebuyers. |
|
Jeff
 |
With $40K in student loans, you are in no position to buy a house.
Start (or continue) to save cash, until you meet the following goals:
1) The auto loan, the student loans, and the credit cards are paid in full.
2) You have $15,000 cash in the bank for emergencies (losing your job, etc.)
3) In additon to the $15,000, you have 20% down.
With a $1700/month income, your mortgage needs to be $500/month or less.
For a 15 year mortgage, $500/month is $60,000. Add in a $15,000 down payment, and you have a $75,000 house.
For a 30 year mortgage, $500/month is $88,000. Add in a $22,000 down payment, and you have a $110,000 house.
I know that doesn't sound like much, but this whole recession is being created by people who bought too much house, can't make the payments, and are now getting foreclosed on. Learn from their mistakes.
AND CUT UP THAT CREDIT CARD! |
|
Linds
|
How much you can afford is based on your debt to income ratios. How much do you pay monthly to all your bills on your credit compared to your gross income you make *gross is prior to taxes being taxen out*
Are your student loans in defferment for 1 year or you paying on them? How much is your auto payment? Any additional credit card or installment loans you pay monthly?
Advise when you can answer the above and I will then calculate how much you can afford. |
|
Pengy
|
Here use this
http://cgi.money.cnn.com/tools/houseafford/houseafford.html |
|
hirebookkeeper
|
You cant afford to buy a house.
There are mortgage calculators online
You have too much debt already. You have debt that is twice your annual income. |
|
Gizmo
 |
In the area you live in, you are able to get a larger house for less money; however, I am a 24 year old making at least $15,000- $20,000 per year more than you with no car loan, student loans or any other loans and good (but minimal) credit and I am being told I need a co-signer for a mortgage that would be not very high ($150,000 max). Honestly, I don't think you can afford a house right now. I don't think the contributer below needed to be so sarcastic, but even at 5.25% (which is assuming you have perfect credit) your loan on an $80,000 house (good luck with that although with your area it may be possible) with 20% down (assuming you have $16,000 to put down) would be more then you can afford. In actuallity your housing expenses (taxes, mortgage, insurance, utilities, etc.) should be no more than 1/3 of what your monthly income is. I don't see a way that you can do that. |
|
ericka t
 |
no dont do it you do not make enough even though u single all of your money is going to go on bills you only bring $1700 a month a mortage cost starting at $900 or $1000 then you have to pay heat, light, gas, water and your other bills and you have a car you have to have money for maintence of the car and the other stuff you need like food, soap ect... my advice to you if i was you i will find a 1 bedroom for about $400-600 a month that has heat included because you dont wanna buy that house then in a couple of months you are just working to pay bills i say wait until u find a boyfriend/husband before you buy a house because 2 income is better than one that way you guys can split the bills in half and you will have more money in your pocket and less stress |
|
PD
|
even though rural ky has a low cost of living, i would be scared to buy a home in your situation - keep in mind that other issues come with owning your own home - ie replacing AC's, furnaces, roofs, ect. I would wait a couple years when you make a little more money (and have some saved up). |
|
robert w
 |
Sorry Nope.
u will live in ur car before it is paid off.
u owe 51K , u are up side down on debt/income ratio.
serious visit library read '
' house buying for dummies'
'total money make over'
a house note would EAT half ur income.
rent inexpensive , get budget, SELL the car , buy a cash car, get 2 more pt/tm jobs and save.
cause u get a mortgage , one of our associates gets to visit. sorry |
|
Take Flight
|
Your rent or housing payment should not cost more that 50% of your take home income. I am not sure what your exact payments are on your other loans. That would help. |
|
emucompboy
|
Any house you want. Just ask my former next door neighbor:
Bought the house for $495,000, with a no money down, add-to-principal loan. Apparently she made no payments, and abandoned the house after two years, owing more than $600,000. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
11 | 31 minutes(s) ago
| | | |
9 | 33 minutes(s) ago
| | | |
11 | 3 hour(s) ago
| | | |
11 | 6 hour(s) ago
| | | |
11 | 9 hour(s) ago
| | | |
11 | 10 hour(s) ago
| | | |
10 | 1 day(s) ago
| | | |
11 | 2 day(s) ago
| | | |
11 | 3 day(s) ago
| | | |
11 | 6 day(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
