 Why do rich people have mortgages? |
| I know the answer may be tax related, but why not, if you have the money, pay off your house. If the house is an investment in itself, why not?... |
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 Where can I check to see how much a property sold for? |
| Is there a website I can go to that will tell me how much a property sold for? (apartment complex)... |
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 I want to throw a tennant out and want to know if it is a civil or criminal matter if? |
i go round when they are not in and throw their stuff on the street and change the locks.
they have not paid their rent now for 4 months and we are in serious debt.
we have gone through ... |
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 Ebay........? |
| you dont make any money on ebay. u pay ebay to sell even if u dont sell. your better off selling on Craigslist for free. there is no better way to sell. your start your price low & it may still ... |
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 How do I buy land in Heaven? |
| I am looking to invest in a REALLY good loaction and money is no object. The Christian heaven is my first choice but I am also interested in anything that comes up in Nirvana, Valhalla, Utopia, S... |
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| Has anyone ever bought or sold property without using a real estate agent? |
| I'm shopping for a house. I got a group of listings, and as I was driving by one of the houses, I ran into the guy selling it who reccommended that we leave out the real estate agent and save us ... |
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 Can anyone advise how my parents can transfer ownership of their home to me, legally? |
| My wife and I have lived in a large house with my parents for 27 years. My parents now want to pass ownership to my wife and I. There are no monies owed on the house.... |
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| Are we responsible to pay the remainder of our rental lease if the landlord has the condo listed for sale? |
| We are currently renting a condo, but the landlord is in the process of trying to sell it. The lease is up at the end of October, and we are currently buying a house with the intent to move in ... |
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 I see a lot of vacant homes around.Can I just go in and settle down there? |
I walk and bicycle around most of the time.That's all I've got.
Additional Details
The kind where the doors are left wide open and no signs of life around.... |
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 I am a Tenant in a privately rented house. and at the moment im having problems with my shower? |
| for the past 2 months its started to breakdown ive been onto the landlord about it he said get a quote i got a few quotes he said there all too expensive so a month past and landlord contacted me and ... |
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 Buying a house? |
| Me and my husband are moving to Ft. Stewart, GA. He really wants to buy a house and I am not really into that whole idea. In the military we normally stay at one spot 2-4 years. He's saying when ... |
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 I want to add value to the property that I plan to sell. Its a two bedroom house on large lot. What would? |
| bring more value - adding central air/heat or adding an extra bedroom. The houses in the neighborhood are mostly non-central air/heat and most are two bedroom houses. Its also a really small ... |
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 Is it possible to find and apartment to rent after and eviction? |
| most apartments that I have found that do except evictons are in the worst area> Does anyone have any sugguestions.... |
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 Tips on buying a house? |
| what information do I need to buy a house?... |
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 Just bought my first home and moving in soon. Who pays the previous tenant utility bills? |
I am concerned that I will have to pay any electricity / water / gas bills from the previous owner when I reconnect the utilities.
This is my first time moving out - so just tight for cash...... |
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 When you are looking for an apartment what does studio mean? |
i was looking at apartments in chicago and it says studio, does that just mean that its like an open room?
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so would anyone reccomend living that way?... |
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mark d | Can someone get a mortgage with bad credit? |
Can you get a loan with a 500-520 score and no money down? In Chicago il, im makin like 40k a year 8-10,000 in bad debt on my credit report. |
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Alex Myers
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Depending on what is bringing your credit score down there are loans available that are not credit score driven that go to 100%. If you have collection accounts and things like that then those are going to have to be paid off before the process can start. If its just the debt thats bringing your score down then you should be ok.
Are you a first time home buyer? What is the sale price of the home? Can you document all of your income for the past 2 years? These are all questions that need to be answered in order to have a definite answer. |
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Amanda H
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Unlikely. A couple years ago it would have been possible-- with a bad rate-- but you really need to get those scores up and get rid of that bad debt before moving forward. |
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Hatlady
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Those days are over my friend.
You need to work on your credit score and pay off you bad debts. Most lenders want to see a middle FICO score of 645 or better. You also need to save some cash for a downpayment, earnest money, inspection, appraisal, etc.
While there are still some sub-prime mortgages and FHA programs out there, they are becoming very expensive.
You might want to look for a "Contract for Deed" (where the seller provides the financing for 2 years and then you get a mortgage to make the balloon payment at the end of 2 years).
In the meantime, get your finances under control. |
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playmaker
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you can get a loan from a bank but the interest rate will be very high...i advice you don't do that because if you fall behind on your payments your credit will be even worse... |
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DankRuse
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You miss the sub-prime boat my friend. Most lenders are now cutting back on giving mortgages to anyone with bad credit. It sounds like you may want to consolidate your debt to pay it down more (which will also raise your credit score) before you think about buying a house. |
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sideline2084
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Check out http://www.mortgagefigure.com there is lots of information about refinancing, consolidation, bad credit mortgages and more. |
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michelleit
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Sure you can; you can get an 80/20 (2 loans). The only thing is that the rates will be high.
With rates so low now, you can refinance later to put the two of them together, once your credit gets better. |
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Gary H
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Don't lose hope if you're looking to buy a home. There are so many different ways to fund a home now, just about anyone with any kind of credit can get into a home, regardless of credit situation.
Of course, some will cost you more money in the long run, but a home it's still one of the best investments that you can make, so, in many cases, it's worth it, especially for the first year of ownership.
You should shop around, and ask different lenders what kind of programs they have, and if they can help. Try to find a lender that specializes in bad credit mortgages. You can find some bad credit mortgage lenders listed on this page on and off:
http://www.axalda.info/bad-credit-mortgage.html |
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SGT G
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Well, you can get a loan, although it will be difficult to say the least. any loan you may get will undoubtedly have a very high interest rate. You may have to have a co-signer to the loan if you are unsuccessful in getting a mortgage by yourself.
Your best bet is to start repaying the loans to get your credit score back up, or you can have most older debts (7years or older) removed from your credit report with no penalty. these steps will help you to raise your credit score and make it easier to obtain a loan at a lower interest rate.
Also beware of loans that you may get with your current credit score, aside from high interest rates, you may only get offers for variable rate loans, which are in this market a very risky move. If you do decide to get a loan, making on time payments for at least a year straight will raise your score and allow you to refinance your loan at a lower rate and save you money in the process. hope this helps you out some. |
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ARMY WIFE
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Unfortunatly not with no money down. Be careful trying. My husband and I used to have bad credit a couple of years ago and were trying to buy a house. We ended up being taken advantage of by an apparent loan shark. We had totally belived him and so did the sellers. On the day we were supposed to pick up the keys the loan fell through. We had been promised that we were approved for a 146 thousand dollar loan. We ended up being without a home. We had already put in our notice where we were living and they had already rented out our apartment. So be carefull or even better, wait untill your credit is better so you can get a good loan. It's worth the wait. |
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