 Bad tenants? |
| i have rented my flat , i never use to get my rent on time so i have given them notice of 4 weeks. On that my tenants did not agree on this and wanted atleast 3 months, after negotiating he agreed on ... |
|
 Im ready to purchase a home now? |
| Im ready to purchase a home now - my realtor says buy now - my boss says wait for 4-6 months the buyers market, what should I ... |
|
 Home Loans Advice? |
| If I am approved for a $350,000 home loan and buy a home for $300,000, will I be able to use the remaining $50,000 for fixing up, furnature, etc, or will I only be able to take the $300,000 for the ... |
|
 Housing benefit??? who and how can claim for it??? i just become a single mother and the father of my child... |
is selling the house from underneath us, so i am now looking into getting a house! and hoping housing benefit can help me out, but not sure if i am eligible for it as i work 20 hours aweek.
if ... |
|
 How can I break my rental agreement/lease? |
| I need to know how to break my lease without paying anything.The apartments I am in are horrible, filthy, bug infested, cars are being vandalised all the time (mine included). I want to move ASAP.I ... |
|
 How much can I negotiate on a house to get them down? |
| The house is asking 135K and the owners bought it for 103K in 2003.... |
|
 No heat help me please? |
| i have a question regarding enbridge gas company.i just got back with my girlfriend recently and while we were seperated she fell behind on payments.when i arrived she was disconnected and she and ... |
|
 What to do with a tenants that refuse to pay rent.? |
| They claim that there was mouse in the house so send the rodent company to fix the problem but they were not cooperative at all. They kept on complaining of the situation and contracted three other ... |
|
 How many square feet is considered a good sized home in the USA? |
| A better than average house in the USA will gain a realtors eye if it exceeds how many square feet? At waht level of square footage does a house start taking on a certain level of prestige?... |
|
 Equity line of credit a good idea to pay off my mortgage? |
| I called my mortgage company today and asked about a refinance. I am not behind, or in forecloser. He did not offer me a good rate, but he did talk about a equity line of credit to pay off the ... |
|
 I am going to re-finance my house with Countrywide.? |
| It will be a loan fixed at 30 years. 6.125 I fill out an inquire last Monday and they allready aproved my loan. Nex thursday I am to sign . The Notary will come over muy place. Where is the ... |
|
 Can A Listing Agent get the whole commission if he is listing and selling a home? |
| I really want to buy this home and I was wondering if I can go directly to the listing agent and for him to represent me.... |
|
 How do you know if you can trust your Realtor? |
| it's not that I don't trust my Realtor, but his suggestions to me for selling my house quick is to increase the 6% to 8% so Buyer's agent etc will move quicker trying to sell it. I ... |
|
 House fence question? |
I live in a terrace house all former council. All my
neighbours like me now own their homes. Did my neighbour
to the right side have the right to replace the fence that
divides our ... |
|
 Do you live in a House, Apartment, or Trailer? |
| If you live in a house trailer, have you ever been on Jerry Springer show? On stage? :)... |
|
|  |
Alisha | Can I get a home loan for more than what the house is listed for? |
i wanted to buy a house that definetly needs work....it is selling for $54,000 but i wanted to get a loan for about $70,000 to get the house fixed up. Will the home loan people approve a loan for higher than what the house is listed for ?
Additional Details
The house was purchased a year ago for $72,000, and the people who owned it, trashed it and now its going into forclosure, so with some work it could be worth 72 thousand or higher. |
 |
 
yourmtgbanker
 |
No, the lender goes by the purchase price in determining the loan amount. |
|
rlloydevans
|
Check with a mortgage broker. In some areas, there are FHA or other government sponsored lending programs where you can get loans for buying and fixing up run-down properties. These are generally in some very specific areas and have some extremely limited guidelines, not to mention take a lot of red tape.
The biggest problem you have to ask yourself, you will likely have to prove that after fix up the house will be worth at least (and in today's market, probably a lot more than) $70,000 when everything is done. You will need to be able to show convincing proof that is the case.
In most cases, it is better to do two loans - one to purchase the property and a second unsecured loan for the repairs. of course, that takes much better credit to do that.
Good luck |
|
ted f
|
there are what is refered as a rehab mortgage that will allow you to buy the house plus money for improvements. In this case you must tell the lender what needs done and they will pay the contractors as they finish work. |
|
Blue October
|
with what is going on in this market right now, my bet is NO.
do you not realize that part of the mortgage crisis is due to people who owe more than their homes are worth....they default and now the bank is left holding the bag.
i don't care what everybody here says...i am willing to be you will NOT be able to pull this off for a very long time.
good luck :) |
|
Alterfemego
|
If the appraisal comes in higher, then the lender may work with you to rehab the house. But otherwise probably not. You will have to do an investment loan anyway. |
|
raj A
|
Below Site is Home of the Loan for every need. Learn about Personal Loan, Student Loan, Auto Loan, Business Loan, Home Loan, Bad Credit Loans or Loan Consolidation. Search for the lowest loan rates; compare lenders, Shop for loans. Loans made fast and simple. Don't worry about Bad Credit and No Co-signer needed. No Upfront.
Refer Home Loan Section.
http://lnk.in/56f2 |
|
Ulises Romo, REALTOR
|
Becareful of that area. It can be considered fraud when you pay more than a house is actually worth. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 39 minutes(s) ago
| | | |
10 | 40 minutes(s) ago
| | | |
10 | 3 hour(s) ago
| | | |
10 | 4 hour(s) ago
| | | |
10 | 6 hour(s) ago
| | | |
10 | 8 hour(s) ago
| | | |
10 | 9 hour(s) ago
| | | |
10 | 11 hour(s) ago
| | | |
10 | 1 day(s) ago
| | | |
10 | 5 day(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
