 Why is it not a good time to buy a home? |
i heard some where that it is not the right time to by a home
or get a loan
why is ... |
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 Can you be an estate agent if you you have a police record for criminal damage? |
| An estate agent smashed my window because my baby was crying. Should I procecute in the hope that he would lose his ... |
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 I just want to rent out a room in my apartment who do i do that or were do i go to plese help? |
| one room 4 rent must have income and no pet or children. You have use to the bathroom kitchen you buy own food. tv, cable,heat,A.C.... |
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 My roommate in nevada has not paid her rent and says she won't leave until I take her to court. What do I do? |
| She says she does not have the money to pay rent and that she would be leaving next weekend. I asked her to leave by this weekend and now she refuses to leave without me taking her to court. What ... |
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 Please help me understand? |
When you sell your home how soon do you get the payment for your home from the bank!?
Additional Details
My grandparents both passed away and there home was to be sold and divided ... |
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 I have a severe mold problem in my basement what can I do to get the landlord to fix it ? |
| In my lease it said they would not be liable if something happened due to mold and yes I have learned my lesson to read fine print. I think it might be black mold and I have been sick since we moved ... |
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 Making offer for a house? |
| My husband and I are purchasing our first home. It is 1 story, slab-not basement, 3 bedroom, kitchen, living room, attached garage, and medium sized fenced yard with shed. It is siding with some kind ... |
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 8020 Home Loan?? |
| How exactly does an 8020 Home Loan work??? IS it least favorable option??... |
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 Living in Illegal apartment and getting 2 months to move out with toddler?? Can we get more time to move? |
| My husband and I with our 1yr old son live in an illegal attic apartment... When we moved in we didn't think it was illegal until our friends told us it was when we have already moved in. (we ... |
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 My house has been on the market since march 2006 and wont sell and has had about 2 pathetic offers? |
| i have dropped the price from 450 000 to 399 000 and changed real estate agent once alredy ,the agent im with now seems pretty good though they do what everi want them too and are advertising the ... |
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 Then tenant signed a lease to rent our home on 1/13/07. When we cashed the depoist check? |
it BOUNCED. We gave him the keys already on the 13th since the home is in TN and we live in VA. We've given him over a week to get us a new deposit check, but we haven't gotten it.
Is ... |
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 I want to pay off my mortgage, do I need to get a lawyer or should I get in touch with the bank directly? |
| I've decided to pay off my mortgage from money that I've inherited instead of investing in something else as it's more beneficial for me to pay it off and live comfortably off my ... |
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 I want to buy a house or a condo, how much of my monthly imcome should it be? |
If my monthly income is 10,000 what percent of that should be dedicated to a house? Is there a specific percentage?
Additional Details
Is the 30 Percent BEFORE or AFTER taxes?... |
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 Landlord notified me of a mandatory inspection 4 days in advance. Am I legally obligated to let them enter? |
| I live in an apartment in Oklahoma City, OK. They set the date of the inspection, and it is while I am at work. Do I have the right to refuse the inspection or at least set my own date for when I ... |
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 When getting a first place, is it better to rent an apartment or buy a starter house? |
| I have heard arguments for both sides and wondering what people think. Renting is usually just throwing money away in a sense and with a house can actually build credit.... |
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TLC | Can my boyfriend and I afford a mortgage making a combined $62,000.00 a year? |
My boyfriend and I are thinking about buying a condo in CT. We want a 2 bedroom condo but we are afraid that with the condos fees and property taxes we will not be able to afford it. My boyfriend doesn't want to get an apartment because your rent money goes towards nothing. We are young and plan on being together, but people are warning us about making that kind of commitment and the things that could happen. His credit is really good but mine isn't perfect. What is the minimum amount of years you can take out a mortgage? What if we break up, how will that work? Can we afford to buy a condo that is $100,000 or under? Help!!! |
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m2
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you can get a "prenupt agreement" at www.lawdepot.com
draw it up ...and write in the terms..
who gets the condo and a buy out can buy who out..........etc.. how long to rebate the other the downpayments..etc..and also because..of the equity you create (not the same as your monthly payments as ap 60% of that is interest)..make sense i hope.
it should cost ap. $20=50 added onto your legal.. when you sign for the purchase..let the lawyer know you want the papers notorized with the purchase...
it is an easy ..document to draw up..
as far as..in the ..mortgage..do what is best for ..payments...
go for it and good luck |
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frankie b
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You said it yourself, if we break up then what?
Do not do this, i see this disaster every day.
RE Agent,
Remax |
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Reenie
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Yes, you can definitely get a mortgage for $100K based on your combined salaries. If you both own the condo & break up, then you will still both own the condo...you'll need to work it out then. So, make sure both of your names are on the title/deed. I think your boyfriend is right about the rent--that just goes to pay someone else's mortgage. However, you need to feel confident that your relationship is stable before making the commitment to buy a home. This site has some helpful information about home mortgages. Good luck! http://loan.divinfo.com/ |
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Summer
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I would maybe only get the condo in one of your names. First time home owners usually get a lot of nice perks and they make it affordable for you. Mortgage payments can typically be lower than rent but don't forget that you are responsible for everything that goes wrong...roof, plumbing etc. A Realtor will be able to calculate your income and expenses to determine which price range would best suit you. Good luck! |
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mortgage help
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you are smart to see what you can AFFORD, and not just qualify for... many people go for the max qualifying, which puts a financial burden on them. |
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The Mullet
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Wow this has disaster written all over it when you two break up. |
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KathyS
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You would need to look at the condo fees and determine this. I have a friend that just purchased one and makes less then you but his fees are only about $200 a month.
A mortgage banker will be able to help you with what you can afford. My rule of thumb is that if you cant make a commitment by getting married, don't make a commitment to own property together. If you break up, you either sell or one buys the other one out. |
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Phil H
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You definately can. Contact me sometime and I can give you a free pricing. |
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ocean
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Watch the movie "break-up" starring Vince Vaughn and Jenifer Anniston. Do not trust any real estate agents except Frankie b. Real estate agents are worse than used car sales man. |
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Red Sox lover
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You should be able to afford under 100,000 pretty easily as long as your spending habits are good and you dont tend to waste too much money on other things..It is a huge commitment to buy together and if you do, make sure you have a written agreement on what happens if you break up..That way noone gets ripped off..I wish you the best... |
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kelsey
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I think so. You can call around to various banks and lending agencies and find out what interest rate you would be able to get for a mortgage. The you can search online for a mortgage calculator. This lets you put in the amount of the mortgage, interest rate, and down payment and will tell you what your monthly payment will be. Also, factor in the condo fees, which will probably go up. You should be able to budget all the expenses and compare it to your current situation and decide if it will work. |
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McDreamy
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You can afford it. Since relationship break up roughly within 2 years, it is prudent and I applaud you for thinking it, what the future would be when you break up. Well, the property would be split down the middle, or one of you buy out the other. By that time the property have appreciated so the selling party would get 50% of the appraisal value over the cost of what you guys invested.
I sense the market will turn around soon, so if you are serious don't wait till next year. It's a buyers market right now. |
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