 Am I a victim of predatory lending? |
| About 5 months ago my husband and I were approached (via phone) by a loan broker. He offered us a great refinancing deal. He said that our credit had improved since we had taken out out original home ... |
|
 What are your rights as a commercial tenant if your landlord does not maintain the property? |
Despite multiple letters requesting repair the landlord does not reply but continues to expect the rent.
Additional Details
It is the exterior of the property which requires repair (roof ... |
|
 Is it illegal for a landlord to not provide me a key to my mailbox? Ive repeatedly for a key and nothing? |
| Ive asked both verbally many times and in writing 3 times. He promises to get me a key by this date and when the date passes he comes up with some lame excuse & they promises me that I'll ... |
|
 Do I have to pay rent if repairs are not done? |
| Landlord raised rent - never replaced or repaired ... |
|
 What do you do when your landlord never answers their phone or returns phone calls? |
| We have the loudest neighbors and have complained once before. Now whenever we try to call the landlords they don't answer their phone so we leave a message to call us back, and of course they ... |
|
 My apartments will not renew my lease after living there for 5yrs. ? |
i think this is retalition for an arguement i got into with someone in their office. their reason was that they just will not renew my lease. do i have any legal rights ?
... |
|
 Is it fair to pay a late fee?? |
| My landlord knows my husband lost his job two months ago and has been working at a labor finder place to just pay the rent and basically get by up until he finds another good job. We have four small ... |
|
 How can you fire your realtor if he/she is lazy and not doing much for you? |
| You sign these contracts for them to be your realtor. Then they fall asleep and barely lift a finger to help you sell your property. Can I just say, "You're fired!" and go about ... |
|
 What happens if I don't pay my rent after I already have a new place to live? |
| I signed a new lease for another new area to live on the 27th of June. The landlord has already given me the keys to the new place and stated he would pay half the months rent for July. But he also ... |
|
 I am moving out for my first time in september i will be oing to college for my first time. Advise Please!!!!! |
| i am going to be living and going to college on my own for the very first time. im moving to austin and need lots of advice on what i need to know and how to not go completely broke. i appreciate ... |
|
| Sellers backed out last minute on the house.? |
| I was exspose to buy a house, and they seemed unsure they wanted to sell, but they signed all the papers, the posesion date, etc. Got their deposit, I paid the lawyer and the house has been inspected.... |
|
 Where can I get a loan for a house that's $40K with bad credit? |
| I'm trying to buy my first home and have low fica scores. I am working with someone currently who says that they can get me pre-approved for $50 or more. I have fallen in love with a house and ... |
|
 What are your options when a bank has filed foreclosure on your residence? |
| Can you just bring your loan up to date and have it restored? Does one have the right to owrk out a payment plan with the finacial institution? Can the payments be put on the end of your mortgage ... |
|
 I feel cold air coming from my new apt window,should i tell my landlord about this? |
| wont it raise my heating expense if a little cold air can get into my apt from the window?its not much,but if im right next to the window,i can feel it.... |
|
 My bf wants to buy a house but I'm afraid with our current situation now is not a good time what do u think |
| ok we both are in our 30s and soon to be married.i make about 50k and he makes about 80k.the problem is he has a huge debt from his divorce(28k)and a large child support payment to his exwife.between ... |
|
| If you buy a house directly from the owner, how much faster would u get to move in? |
| If you buy a house from the owner directly, how much faster can u get the house and move in, rather than buying the house from a realtor?... |
|
 Foreclosures for living - not flipping? |
| I want to buy a foreclosure, to live in, not "flip". Otherwise, regular prices are too high... but it looks like the only people who buy foreclosures are for quick profits. Is there a ... |
|
|  |
will f | Can i buy anoher house?? |
I owe one house already which I have rented out for 6 months while ive lived at my g/fs which she rents....now we want to move and buy a house without selling my first house as i like the rental investment...Does the rental income from my first house help me qualify for my second mortgage?? My g/f is a student and I dont expect much help qualifing for a mortgage from her .....is there much chance of getting another mortgage with not alot of money down and not a huge income??? |
 |
 
cynical jade
|
Yes as long as your credit is good, and the next house will be your primary dwelling you shouldn't have any trouble buying. My husband and I were in the same boat where we had to relocate and rented our property, then we decided to buy in our new location.. In the second location we did 5% down, 15% HELOC, and 80% conventional. You can go as low as 3% but the more you can put down the better. Just keep in mind a Home equity line has fluctuating interest rates, and your minimum payment only covers interest. Good luck! |
|
J.Z.
 |
This is a pretty serious question, and if you want to get soem reliable answers I'd ask this elsewhere. |
|
ga_rei_guy
|
Generally, banks or other lending institutions count only 75% of the rent towards income. So, depending on how much rent you get over your mortgage payment, you could be either helped or hurt.
For example, if your mortgage payment is $650 @ month and you charge $1,000 @ month rent they will count $100 as income.
But if your mortgage payment is $900, they are going to count $150 as debt.
This could effect your interest rate, but housing is still a great investment.
But if you are thinking about selling in the near future, keep in mind that you can keep up to $500,000 profit if you lived in the house at least 2 out of the last 5 years.
Hope that helps |
|
theangel1025
|
2 things. 1. Any steady income helps with qualifying for loans.
2. Unless you put the second home soley in your name, you are an idiot. After you two break up, the debt and equity are divided, and if you can't qualify to refinance, (at about $1500) she can force you to sell the home. |
|
Aliz
 |
You may be able to do so buy one if the equity in you current owned house is big enough to be considered as a down payment. And that the rental income will pay that mortgage and taxes on that place. If you have extra income from your rental property and the income you earn from a job to pay the new mortgage you should be able to purchase another home. |
|
Rico
 |
Most likely not, unless the house is free and clear and all the rent is income.
Lenders have to assume not only the debt against the rental house and the new house but vacancy and expenses on the rental house. |
|
pkunal
|
Yes you can. Just take into consideration of the bad days when you have to pay for both the properties. Just dont go to the lender you loaned you for the house, cause if they know that you have made your first house as an investment proeprty they may increase the mortgage rate on you. |
|
Olpy I. Gunther
|
get money and buy houses |
|
Wendy H
|
Yes, however you will need to find out how much equity that you have in your rental home first. Hopefully, it is at least 80% loan to value. This is assist you when purchasing your new home. |
|
DarkAngel
|
you should ask the bank, they would know more about these things. |
|
smiling_freds_biz_info
|
Everything depends on your purchase cost. Try to get a solid house that needs TLC at the lowest possible cost. Hopefully the seller is motivated. Could be you have another income opportunity eventually here.
Go for it! |
|
Anthony P
|
Yes you can. Your home that you are looking to buy will be consider your primary home and the other property will be considered an investment property and you can usually use 75% of the rent as income on the new home so that would help on your debt to income. There has to be a lease agreement though to do that though. As long as your credit is in pretty decent shape, there should be no lates on the current mortgage, your debt to income is at a good percent and you have a steady income for the last two years. If you can proof all this you should have no problem. Also remember the more money you can put down the better program you'll qualify for. I do loans like this every month. Good luck and if you have any other questions feel free to email me. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
11 | 8 minutes(s) ago
| | | |
11 | 17 minutes(s) ago
| | | |
11 | 36 minutes(s) ago
| | | |
11 | 40 minutes(s) ago
| | | |
11 | 3 hour(s) ago
| | | |
11 | 6 hour(s) ago
| | | |
9 | 7 hour(s) ago
| | | |
11 | 11 hour(s) ago
| | | |
11 | 1 day(s) ago
| | | |
11 | 3 day(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
