 Landlords any good advise? |
| I have just became a landlord any advise from exsisting ones about potential problems and how they were ... |
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 How long does it take to be evicted? |
| My landlord served me with papers to go to court, and i was not able to attend. I want to know how long will it take him to evict me...i have not received any eviction papers yet. How long does it ... |
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 It took my landlord 7months to fix 2 leaks in my apt, so I stopped paying 4months ago. What should i do? |
| I stopped paying him because he told me that he thought that I was lying about the leaks. I have the money to pay him. But I guess I was not paying him from 4 months prior to him fixing the leaks ... |
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 How do I sell my house and buy another house at the same time? |
| I own my house but I have a small equity loan against it. I'm ready to move and my house is on the market (been on the market for a month, no bids). I've found a house I want to buy. Is it ... |
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 Can we prosecute for not disclosing flood plain information? |
| I purchased a 23 acre piece of land a month ago without the help of a real estate agent. We signed the papers and paid the money to a title company where the deed is being prepared. We have since ... |
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 Its been 2 months since I received the notice of foreclosure.Is it too late to stop foreclosure? |
| I always have this stupid habit of doing things at the last minute.Probably thats what got me in this rut in the first place.... |
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 Becoming a real estate agent at 18? |
| Can i become a real estate agent at 18? Maybe not as a full time job, but as a side job.LoL..thats all it is now..hehe..i am 15 now but i know alot about houses, financing the market etc..would i get ... |
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 I can't sell my condo and I need to do something fast? |
| I have a major financial dilema. I own a condo in Michigan where the economy and the housing market has pretty much hit rock bottom. I moved out of the condo a year and a half ago because I lost my ... |
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 Ok let me refine my question...? |
| A friend moved in to her apartment 4 years ago. Her mother co-signed on the lease, it is a yearly lease. Friend signed a new lease last year after going month to month so her rent would not go up. S... |
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 Landloard made mistake on lease and wants me to resign it to there benifite? |
| o.k sorry this if this is long but Im just trying to give you the whole story. o.k I live In Minnesota and I went to resign my lease for my appartment and I got a letter saying rent was going up to 52... |
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 Cockroaches in apartment, landlord-deadbeat, how can I solve this problem? |
| I have a really bad cockroach problem at my apt. the landlord has said that they would exterminate but then she said they have trouble with company that does it/switching companies, etc etc. NOTHING ... |
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 Low income? |
| i have just found out i am pregnant so me and my boyfriend are moving in together but we have a low income i am on 120 pound a month because i am doin a course and my boyfriend is on 290 a week the ... |
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 Security Deposit? |
| I am moving into a new apartment. The owner wants a security deposit in the form of a cashiers check made out to his personal name BEFORE the contract is signed. I was just wondering if that was ... |
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 Legally is there a way to stop my apartments maintenance men from entering my tx apartment without permission? |
| I just moved into my apartment last month. 3 weeks ago I was watching TV in my living room and heard someone trying to enter my apartment without knocking. They were putting a key in my lock and ... |
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 I want to know the price of house for sale in america? |
can you tell me some information about the housing in US, in some cities as new york, san franscisco, and washinton and so on
i found some very cheap in yahoo real estate, is it real or what?<... |
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 Landlord and Lease Problem? |
| I moved out of an apartment I had a cosigner with. She smoked marijuana 4 days out of the week with several friends. It was a horrible living situation so when a friend wanted to move in I was all ... |
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oohyou22 | Can a single person that makes 33,000 buy a condo or a house? |
I live in a big metropolitan area and nothing is lower than 200,000 and I pay about $905 in rent and was wondering if there is any way I can buy something where I'm paying around the same, but its going to something I own. |
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frogee100179
 |
Most lenders look at you in terms of DTI when considering if you can afford a house. Your DTI is debt to income ratio. Going with a "conventional" mortgage program requires that your DTI is less than or equal to 38%. This means that your total mortgage payment per month can be no greater that 38% of your total monthly income. Sub-prime lenders allow you to go up to 55% depending on the total amount down.
$33,000 per year puts your GROSS monthly income at $2750 per month. Per sub-prime standards, you COULD take out a mortgage with monthly payments at $1375 per month, IF you have no other debts! If you have anything you are paying on right now (car note, credit card debts, student loans, etc.) those come out of the gross monthly salary as well.
Your best bet is to talk to a trained mortgage professional to see what your options are, get yourself pre-qualified for a loan then go on a house hunt! It is possible if you just look into your options!! |
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walterknowsall
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you might be able to purchase a condo..one needs good credit, work history that is good, and a good size down payment for the loan..... |
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Mel
 |
For someone making 33,000, $905 is A LOT to be paying in rent. It is likely that you could get a mortgage on a small condo for less than you are paying monthly in rent, but you need to take into consideration the condo fees, property taxes, heating, electricity, and other things that you may not have been paying when you were renting.
Find a property that you like, and then go and see a financial planner to determine if you can afford it or not.
Just bear in mind that as a general rule, you need to hang on to a property for 3-5 years before you can expect to make a positive return on your investment, so if you are early in your career and expect to want to "upgrade" in the near future, then you may prefer renting until you are better established. |
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ronnie b
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i would believe that if you can swing it, its a durn good investment if nothing else, do your math and dont make any other bills...good luck |
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Phil O' Brien
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Report loan4u for spamming his garbage website all over the boards. |
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Joey M
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"Yer never wrong fer buyin land."
You may pay 1000 in payments for your own place now but in 4 years when rent goes up to 1100 your going to be coming out ahead. You gotta put it in it get it out. |
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tanyae2002
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See a good realtor and loan officer. There are programs out there from the city that you buy from. There are low cost places. Go for it, it will not hurt to try. Good luck on your hunt. You would be amazed at what is out there. |
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happyhousewife
 |
First check with a bank to see what you can qualify for . Find out if it's a fixed interest rate and how many years it's for.Always get a fixed rate never let anyone bluff you into anything else. You'll never be able to pay it off. I was a single mom with three kids and only had a 25 thousand income when I bought my house. So you should be OK as long as you have good credit. |
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freedomnow1950
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If you have a good credit score and don't have a lot of credit card (or other) debt, there are plans available for just about anyone. Call several mortgage brokers and pick their brains for information. That will give you a better idea whether or not your plan is doable. |
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INACTIVE
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Yes you can ... but... you may want to consider renting a room to help with expenses. You'll need to lower your expectations to something affordable to your budget because owning a home or condo is not limited to just the mortgage payments... consider maintenance fees, PMI insurance, taxes, repairs, water/sewer, etc. Whatever a realtor tells you that you can afford is way too high to consider. Even what the bank tells you that you can afford is inflated. Stick to your gut. For six months make sure you can pay the difference between your rent and what your total housing costs will be if you buy your dream property. If you can do that on time for six months, you'll have a nice down payment. If you cannot do it without being late to that savings account, think again!!! You will have 15-30 years to pay a mortgage on time month after month after month. Can you do it??? |
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